ANU #12 — AppCoins Wallet and Blockchain Summit Singapore

AppCoins News Update, or ANU for short, is a regular bi-weekly update by the AppCoins team. This week’s focus is on the AppCoins Wallet, a new wallet that implements µRaiden payments, and the international conference and exhibition called Blockchain Summit Singapore. You may expect the next ANU on the 4th July.

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Following our latest milestone, the Knuth Release, we have created a wallet to test the new payment channel integrating µRaiden technology. µRaiden supports efficient off-chain token transfers to predetermined receivers and it doesn’t rely on sidechain tech but in payment channel tech, which enables secure off-chain, fee-less and latency-less transactions. Integrating this technology into the AppCoins solution will help to create scalable and faster mobile micro-transactions to be used for in-app purchases.

To test the new payment channel simply follow these steps:

  1. Install the AppCoins wallet, either from Aptoide or Google Play, in order to open the payment channel.
  2. Try one of the apps or games from the AppCoins bundle.
  3. After opening the channel, perform IAP transactions with AppCoins without fees.

Transaction fees will only be required when opening and closing the channel. All transactions inside the channel are performed without ETH fees. Additionally, the channel can be closed whenever one of the parts decides upon it, and the remaining APPC will automatically be sent back to the account of both parties involved. In other words, the receiver gets the tokens allocated to him and the sender gets back the tokens he didn’t spend.

At the moment, this flow is only working in the Ropsten network. In the next few days, it will be deployed in the main Ethereum network. Below you can find the payment flow using the payment channels.

IAP flow using the AppCoins Wallet with Payment Channels

As always, you’re invited to follow our work regarding all of the products we’re working on:

The current market cap is close to $21.58 M USD, with $323.77 K USD in volume in the last 24 hours across these exchanges: Binance (75,38%) and Huobi (24,62%).

During the past two weeks AppCoins, as well as other cryptocurrencies, has suffered currency depreciation. Since the last ANU, APPC value has witnessed a high of $ 0.331 USD on June 7th, and a low of $ 0.206 USD on June 13th. You can see more info about APPC markets at Coinmarketcap.

Name: José Pereira
Role: Blockchain Developer
Bio: Working as a software developer for 3 years, José Pereira is an enthusiast about Blockchain technology. Currently, he is working on the AppCoins Protocol, as a Blockchain and Python Developer, implementing a scalability solution through µRaiden.

Blockchain Summit Singapore is an international conference and exhibition that will take place on the 28th August 2018, on Suntec Singapore. This event will gather over 700 industry leaders, business decision makers, tech innovators and investors that have a special focus on blockchain technology.

This event presents an amazing opportunity not only to learn about the new projects in the market that can be integrated with the AppCoins solution, hence creating a better and more robust product, but also to meet influential people, connect with peers and deep-dive into interesting topics.

The conference will gather 60 exclusive speakers that will cover a variety of fascinating topics regarding blockchain technology, cryptocurrencies and more. A discussion of blockchain case studies and solutions will also take place during the event. You can find more information on the programme here.

If you are attending this event, feel free to reach out to Tiago Alves, our Asia Pacific VP, that will be there as an attendee. Don’t hesitate to ask him any questions regarding the AppCoins Project.

Missed one of our previous publications? Not to worry! You can read them right here:

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Knuth Release — Integrating New Payment Technology

The first ICO serving 200 million users to create a trusted economy without intermediaries. Supported by Aptoide App Store. Learn more:

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The first ICO serving 200 million users to create a trusted economy without intermediaries. Supported by Aptoide App Store. Learn more:

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