OMG Network Repo ‘Tesuji Plasma’ Announces its Early Alpha Release


The Repo OMG Network Has Now Been Made An Open Source

As this was being posted there was an early release of the Tesuji millstone of GitHub, which has also been made public. Tesuji Plasma is going to be the very first basis when the OMG network is released. At the moment there are still some internal testing’s that are taking place, and they are not yet ready to release the system to the public testnet.

But for anyone who is interested with downloading, the repo has already provided some instructions that will help you in downloading the watcher and the child chain server.

The watcher is considered as a software that is able to monitor the behavior that takes place in the root chain and Plasma chain. With the caveat that has been put in place, the current version is neither stable or finished. As a result, it is advisable that it should not be used in any production setting at this time.

Progress Is Still Being Made

However, the company has been putting in the extra hours and are very thrilled to share the progress that they have made. The design that will be released this week has been based on the MVP, which is referred to as the Minimum Viable Plasma. It has also been built in anticipation of the More Viable Plasma, MoreVP.

The initial integration that has been made of the eWallet is with the Tesuji OMG Network; thus, it will be in a position to support adequate creation on the network, transfer of ETH/ERC-20 tokens between the different eWallets and also users, and proper management. But this is not all as it will also be able to facilitate for smooth transfer and deposits to the OMG Network.

The Tesuji Plasma has been designed to offer much faster transactions and cheaper than what we have been accustomed to in the market, all this without having to sacrifice the safety of your digital assets. It has also been incorporated with native support for the ETH and ERC20 tokens, as opposed to the common Wrapped Ether.

With this initial iteration, it will be the PoA, Proof of Authority, plus having the OmiseGO that will be acting as the validator. All this is while the company tries to prove out the Plasma implementation as they are continuing to work towards the Proof of Stake.

When they are on the PoA phase, all the fees that will be collected will then be used in buying the OMG tokens, which the company plans on burning. The Tesuji Plasma is already released but only on the internal testnet. It is an operating child chain that has been connected the internal Ethereum test network.

The company says they will be moving to the public testnet once they have confirmed that the network is safe and also responsible to be in a position to do so.

The network is still undergoing improvements, so you should expect to see some breaking changes on the system. The company wanted to just share the progress they have been able to make and also invite the broader developer community to the project so that they could also start getting involved.

Thus, the company is calling out all developers in the market, and if you have any questions, you could always reach them on their site, https://gitter.im/omisego/elixir-omg.

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