The Nimiq Community Update — Week 10
Tags: Nimiq, Fintech, Ethereum, Bitcoin, Cryptocurrency

The Nimiq Community Update — Week 10

Welcome to the Nimiq Community Update! This a community contributed weekly write-up on what Team Nimiq have been posting in the official Nimiq discord channel alongside community led projects and content being created for Nimiq.

Nimiq is a browser-based Blockchain designed for simplicity. Nimiq’s reason for existence is to bring the benefits of blockchain technology to the mainstream. To achieve that purpose Nimiq has been built from the ground up to address and break the barriers to entry that inhibit the mainstream adoption of blockchain technologies. Nimiq is encompassed by a strong philanthropic mindset, it will always remain open-source and community-driven.

Level up: Optimising the front-end & upgrading the back-end

Week 10 brings forward a number of exciting new features and improvements to the Nimiq ecosystem *This section is a condensed ver. of the team’s blog*.

On the back-end, the Nimiq team have deployed an additional 10 seed nodes resulting in Nimiq Safe sync times being reduced to <10 seconds and a more consistent experience when attempting to reach consensus. More information on back-end upgrades can be found here.

The most recent blog post by Team Nimiq for their series “Nimiq: Past, Present & Future” focuses on the parallel work being conducted on the front-end user interface (UI henceforth), Nimiq Keyguard, Nimiq Safe and Nimiq Wallet.

As part of stream lining the development of Nimiq’s UI, the team will shift to using Vue.js for future improvements whilst rewriting the current Nimiq Safe to fall in line with this change. The result of moving to Vue will enable Nimiq Safe and Nimiq Wallet to share a unified code, an increased ability to review code and a lighter framework to use when compared to others like React.

Nimiq Keyguard will also undergo development to enable 3rd parties to interface with it enabling merchants to integrate Nimiq into their own systems. The objective for developing the Keyguard further is to enhance security and make Nimiq as easy to use as Paypal. Nimiq Wallet is envisioned to be a desktop & mobile based application that can be utilised like ApplePay and Visa Paywave (contactless payment systems).

Marketing

Following the official post about marketing found here, the team has made progress on creating the first online store that utilises Nimiq as the primary payment protocol. The official Nimiq shop is currently in beta using NIM mined on the testnet, it is important to note that any UI design, merchandise pricing and other elements maybe subject to change pending a live release. The page is a mock-up so please do not use any mainnet NIM to test the payment processing and instead use testnet NIM, any products purchased during this time will not be redeemable.

Exchanges & Trade

Week 10 brings LAToken as the latest exchange to list NIM/ETH and NIM/LA pairings. LAToken by volume moves approximately $8 million a day across all of its offerings which is an increase from Trade Satoshi which sits at $140,000 in the latest 24 Hour reading. HitBTC integration is still in progress.

The entire cryptocurrency market is currently experiencing a bear market with the total market capitalisation at $254,767,789,571 down from $258,878,567,596 1 week ago according to CoinMarketCap.

Network status, Mining & Transaction volume