, or for short, is a regular bi-weekly update by the AppCoins team. As usual we are going to cover dev updates, market reports, team members and upcoming events. is on using for the consolidation of the different use cases of the AppCoins Protocol, AppCoins , and . You may expect the next ANU on the 20th June. AppCoins News Update ANU This week’s focus PoC of the In-App Purchases (IAP) flow µRaiden , the discloser of a new web page featured member Upcoming News **Quicklinks** Dev Update APPC Markets Report Featured Team Member Upcoming Events This week’s Dev Update will essentially build on the last point of the , as we’re putting a lot of effort in the for the . last ANU Scalability Proof of Concept (SPoC) Knuth release We’ll also cover the development of that will serve as the entry point for everyone that wants to know more about the and its use cases, as well as products ( ). a new web page AppCoins Protocol Wallet and SDK Scalability Proof of Concept (SPoC) As we’ve said in ANU #10, we’re working hard to build a using . µRaiden consists of unidirectional payment channel technology, enabling . It will enable AppCoins users to with cryptocurrencies and all the advantages of Blockchain PoC of the In-App Purchases (IAP) flow µRaiden instant transactions with zero fees perform latency-less transactions without having to pay for transactions fees. The µRaiden flow pattern is the following: An Ethereum account opens a payment channel with another Ethereum account. The , which means (i.e., the sender) (i.e., the receiver). payment channel is unidirectional only the account that opened the channel can send tokens to the other address The sender tops up the payment channel with a number of tokens of his choosing. The sender can then . perform fee-less transactions until the chosen number of tokens is exhausted When the sender wants to perform a transaction, he produces a . This proof is sent to the receiver, which confirms its validity. , this means . Then, the . balance proof If the balance proof is valid the transaction was successful tokens involved in the transaction are allocated to the receiver Both the sender and the receiver can close an open channel at any time, . When a channel is closed, the receiver gets the tokens allocated to him and the sender gets back the tokens he didn’t spend. provided they possess the valid balance proofs The above pattern applied to the IAP flow of the AppCoins Protocol will be: The user is using an app with the AppCoins SDK integrated. and clicks on it, . Once the user wants to buy an in-app item the AppCoins Wallet is triggered and shows the payment dialog The payment dialog will state if there’s or not. If there’s already an open channel, the user can confirm the payment, and it will be done using the APPC in the channel. an open µRaiden payment channel The transaction will be instantaneous and fee-less. If there isn’t already an open channel, the user will be able to and . Then, the open one top it up with a certain amount of APPC payment is done already using the payment channel. If the user has an open µRaiden payment channel, it at any time, and can be closed in the AppCoins Wallet the unused APPC are sent back to the user’s account. Below are some of the layouts that will be included in the AppCoins Wallet, which supports the SPoC. IAP dialog of AppCoins Wallet with µRaiden integration “Read More” web page We’ve developed a that consolidates the development status of the several use cases of the AppCoins Protocol, as well as of the products supporting them. new web page Developers, users, app stores and we’re tackling at the moment: In-App Purchases (IAP) and Mobile Advertising. any interested party can see how to use the AppCoins Protocol, how the Wallet works, how to test and experiment with the two use cases From there, and go more in-depth about what’s done and how. Feel free to explore and give us your feedback. visitors are directed to other web pages that are specific to each use case As always, you’re invited to follow our work regarding all of the products we’re working on: ASF SDK ASF Wallet ASF Smart Contracts The current market cap is close to $31.59 M USD, with $745.65 K USD in volume in the last 24 hours across these exchanges: Binance (72,57%) and Huobi (27,43%). AppCoins continues to be tied mainly to BTC, and as well as other cryptocurrencies, its value has seen a slight decrease since the last ANU. Price has remained stable close to 0.34 USD for the last two weeks, and has witnessed a high of $ 0,393 USD on May 31st and a low of $ 0,278 USD on May 28th. You can see more info about APPC markets at . Coinmarketcap Android Developer Working as an Android developer for more than 7 years, João Raimundo is passionate about developing applications that provide an oriented design and the best user experience possible. He believes that performance must be one of the top priorities when developing applications. Currently, he is working on the Appcoins wallet and SDK so that users and developers can easily interact with the Appcoins protocol. Name: João Raimundo Role: Bio: Starting from tomorrow, we will the including strategic unveil the total 10 key players that have adopted AppCoins protocol, Developers, OEMs and App Stores. For the last months, the has been working endlessly on the for the protocol in order to into the . The focus, as already stated, has been mainly on the three of the AppCoins team acquisition of strategic partners speed up the adoption of AppCoins ecosystem key players app industry: developers, app stores and OEMs. Developers are one of the key players of the app ecosystem. Once they adopt the protocol there will be regarding the that are : , and , are just a few changes that will . several improvements standard practices now being implemented in the app industry better conversion rates, more efficient monetization of apps increased participation of the revenue circulating in the app economy benefit developers According to the current industry standards, the maximum of revenue share is 77.5% but once developers implement the . Besides this, developers will only need to implement that will be compliant with who have also adopted the protocol. All of the advantages presented above, plus the fact that developers are using — which makes the , hence reducing the — are all extremely beneficial for developers. AppCoins protocol they will see an increase of this value to 85% one single APK several app stores, blockchain technology process more efficient and transparent risk of fraud By adopting the AppCoins protocol, . through in-app purchase revenue, and all , will be included in the . Following the circular transaction model**, 10% revenue share will go to the app stores, and 5% to the OEMs on all transactions made inside app stores** and that are implemented in the smart contract. Additionally, all of the , hence cutting the middleman and intermediation for the payments. both OEMs and App Stores will be provided with the tools to monetize their user base All stores wanting to monetize their user base device manufacturers who distribute a preloaded app store that integrates the AppCoins protocol circular ecosystem revenue share revenue is received directly and instantaneously from the users and you would like to be you can do so by After completing the form, someone from the AppCoins team will get in touch with you for further details. If you are either a developer, app store or OEM one of the pioneers of the adoption of the protocol clicking here. Membership Form Missed one of our previous publications? Not to worry! You can read them right here: Token Allocation and Bootstrap Activities ANU #10 — ASF Wallet, AddressProxy and Scalability Proof of Concept Try out the AppCoins Flows with our Airdrop!

Ethereum

Flow

Binance

fees

Google

Too Long; Didn't Read

Discover Saakuru: Web3 Mass-Adoption with 0-FEES

ANU #11 — µRaiden Integration, Web Page and Upcoming Announcements

Too Long; Didn't Read

People Mentioned

Companies Mentioned

Coins Mentioned

AppCoins Official

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

ANU #11 — µRaiden Integration, Web Page and Upcoming Announcements

Too Long; Didn't Read

People Mentioned

Companies Mentioned

Coins Mentioned

AppCoins Official

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

RELATED STORIES