CANApp launch #2 – CANStation

CanYa Apps (CANApps)

The CanYa team will be releasing a new CanYa App each Wednesday for the next three weeks! Last week we released CANInvoice. Today we are releasing CANStation!

CANStation

CANStation is a tool to help our platform users find the optimal gas limit and gas price settings while using the $CAN token and interacting with the Ethereum blockchain (that the CanYa ecosystem is built on).

This can all be confusing for people that are new to Ethereum and cryptocurrency so we wanted to create a native tool that simplifies it all with up-to-date information for our platform users.

You can access the app directly at https://canstation.io.

Firstly, some terms need to be defined:

The Ethereum Virtual Machine (EVM) uses gas to operate. Gas ensures that only code that people want to execute is executed (by miners) and the network is not clogged down by computations that no one is interested in.

An important thing to remember is that you do not buy or own ‘Gas‘ per se, it simply uses very small portions of ETH to ‘pay‘ as the gas. So to perform work on the Ethereum blockchain (whether that be transferring ETH / tokens or executing a smart contract) you will need ETH.

CanYa is built on the Ethereum blockchain and the $CAN token is an ERC20 token. This means that using the CanYa DAO will require some basic understanding of these definitions and their current prices etc.

Note: Most of these parameters will be automatically set for you when using a wallet or other blockchain interface, however, having this knowledge will give you more confidence when dealing with cryptocurrencies and ETH specifically.

What-is-gas.png‘Gas Price’

This is the price that an action on the Ethereum blockchain requires to be executed.

Gas is measured in GWei which is a denomination of ETH such that:

1 Ether = 1,000,000,000 Gwei (109)

Note: The Wei denomination (1 Ether =  1,000,000,000,000,000,000 Wei (1018)) is named after Wei Dai; an early cryptographer who is also referenced in the Bitcoin whitepaper.

Gas Price is variable. During times of high network congestion the gas price will increase. This was exemplified during the ‘crypto-kitties‘ craze of late 2017 where the gas price got to around 60 Gwei (at the time of writing the safe low price is 1Gwei).

It will also increase depending on the complexity of the action you are trying to perform.

Ie: typically gas prices will follow this general rule:

Executing smart contracts uses more gas than sending tokens which also uses more gas than sending ETH.

‘Gas Limit’

The Gas limit is the total amount of gas (ETH) you are willing to spend for an action on the Ethereum blockchain. The more complicated the action, the higher you will need to set your gas limit. If too little gas is used the transaction will fail and your ETH will be returned minus whatever gas you elected to use. If too high a gas limit is set you will be refunded any extra gas that wasn’t needed for the transaction to take place.

Gas limits protect people as there could be poorly written code that could keep computing infinitely. Setting a limit means that this code will stop once the gas is used up.

‘Transaction Cost’

Is merely the price in USD/ETH/AUD (etc) that an action on the Ethereum blockchain costs.

Transaction Cost is simply ‘Gas price’ x ‘Gas used’.

Screen Shot 2018-04-27 at 11.58.22 am

Above is an image from the internet that shows this information. It was a simple ETH transaction. The Gas limit was set to 21,000 (which is standard for ETH transfers). Gas price was 8 Gwei which is reasonably high (this means the user may have wanted the transaction to occur quickly). Transaction (Tx) Cost/Fee (which we now know is price x limit) is 0.000168 ETH which equated to $14c (USD) at the time.

Fundamentally, this means you can transfer money anywhere in the world any time of the year in only a few minutes at a cost of a few cents – this is the power of crypto!

Now, back to CANStation

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We have made it very simple and user friendly.

Firstly, you select the Gas Limit for what type of work you are doing:

  • ETH transfer
  • Token transfer (ie: $CAN)
  • Smart Contract Execution (this will become more relevant for CanYa’s ‘on-chain’ operations)

Screen Shot 2018-05-02 at 11.50.37 am.png

Once you have selected this you can see all of the pertinent parameters required to inform you on what settings to use for said work:

  • The recommended Gas limit (as seen in the above screenshot)
  • Three gas price options depending on how quickly you want to work to be completed. Ie: 4, 3 or 1 minute (higher gas price = quicker execution)

Note: This information is all live and based on the current Ethereum blockchain information.

Finally, you can also see the current $CAN / ETH prices and a graphical representation of the time v gas relationship:

Screen Shot 2018-04-27 at 3.20.50 pm.png

Conclusion

One of CanYa’s goals is to help accelerate the main stream adoption of cryptocurrency. The CanYa platform (and it’s associated CANApps) will be the first experience with this technology that a lot of our users have. We therefore need to create as many user-friendly tools inside of our ecosystem to help educate and guide users who are new to the cryptocurrency space.

CANStation is a perfect example of this philosophy.

CanYa_Hand

For all the latest news and updates follow us here:

CanYaCoin is the cryptocurrency ERC20 token that powers the CanYa Platform, the world's best blockchain powered P2P marketplace for services

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CanApp launch #1 – CANInvoice

CanYa Apps

This week, we will be releasing a suite of apps and with them a series of blog posts to accompany and explain the utility of each.  Introducing the first of the suite, CANInvoice.

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CANInvoice

CANInvoice is a first of its kind template for freelancers who are looking to be paid in cryptocurrency.  The application is an easily manipulated invoice template for all of our freelancers to provide clean, professional and accurate invoices for their work.  Even better is that it allows both users, and providers to make invoices straight from their browser.

CanYa focusses on ground up development of applications with intuitive best-practices in mind; this leads to the streamlining in the governance/red-tape of being a solo practitioner.  We want all members of the CanYa ecosystem to have every tool at their disposal to make sure they have no bookkeeping issues, nor do they feel intimidated by the process of managing the financial component of their business model.

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What are the cool new features?

The legacy options that exist today are functional but archaic.  As a starting point, almost no publicly available invoicing templates allow for the payment of cryptocurrencies. With CANInvoice, your MetaMask address is pre-filled. It also has the ability to:

  • Upload a logo
  • Pre-fill your name and address
  • Easily add line items such as fixed and unit items
  • Easily adjust tax calculations
  • Easily change notes
  • Print to PDF!

CanYa Invoices make cryptocurrency payment and freelancing easier

How will this work within the CanYa ecosystem? 

The benefits of this app are obvious as it allows for a standardised mechanism for payment for both sides of the marketplace.  If users and providers are working within the same system of transaction accounting, it simplifies the process of payment, which many find the most stressful part of freelancing.

Conclusion

CANInvoice produces beautiful invoices inside your browser and saves them in the cache.  This streamlines the financial component of the freelancing process in a way that allows for the added detail of cryptocurrency accounting and is fully functional within the CanYa marketplace.

Like all our applications designed for CanYaCoin ecosystem, the CANInvoice is free, user-friendly and follows all best-practices.  In order to build a new environment for freelancers, we need to arm our users with the tools to unlock the potential of our platform. CanYa has an ongoing commitment to building applications on to our platform to improve the user-experience and create a robust ecosystem which is a one-stop-shop for peer to peer business.

CanYa_Hand

For all the latest news and updates follow us here:

CanYaCoin is the cryptocurrency ERC20 token that powers the CanYa Platform, the world's best blockchain powered P2P marketplace for services

CanYa Platform Update #1

We now have our 20 CanYa Pioneers!

Our Pioneers are crucial to the launch of the CanYa platform. We rely upon these world-class digital service providers to establish the standard for profiles in CanYa. Out of hundreds of applications, we have interviewed, vetted and selected 20 of the best freelancers in the world! To meet them all, head to the CanYa Telegram Announcements Channel and you will see a short introduction about each of them.

Our CanYa Pioneers cover the following categories:

  • Writer: 3
  • Photographer: 1
  • Developers: 9
  • Advertising Strategists: 1
  • Art-director: 2
  • UX Designers: 2
  • Data analyst: 1
  • Biologist: 1

CanYa_Blog_Content_PIONEERS.png

Progress on the CanYa Platform?

uPort Error:

Eleven of the twenty Pioneers have set up their profiles. The remaining nine pioneers have been delayed in setting up their profiles due to a universal uPort error. CanYa utilises uPort as a third-party log-in service so that we (or third parties like Google / Facebook) cannot sell or use your data. Your personal data is owned by you and kept securely on the blockchain.

CanYa_Blog_Content_self-sovereign.png

Our focus on self-sovereign identity (user owned and controlled identity) has been strengthened by the recent sentiments towards Facebook and Google with regards to their data issues. Decentralised self-sovereign identity is also in line with our long-term plan of building a completely decentralised ecosystem.

Note: We recommend everyone downloads uPort to their smartphone and establishes a profile in preparation for signing up to CanYa!

Is the error fixed?

Yes; the CanYa Dev Team worked tirelessly with the dev team at uPort and the problem has now been resolved!

CanYa_uport_bug.png

The CanYa team also worked around the clock to build a native log-in process to act as a back-up for future. The Dev team will also explore other third-party, secure, log-in options for more redundancy in the future. This problem has shown us the importance of ensuring a seamless user-journey and because of this we are also going to build our own native blockchain identity tool as part of our suite of ‘CanYa Apps’ called CanID (more on CanYa Apps later).

Unfortunately the uPort bug has meant that the pioneer on-boarding and set up has been affected such that it has pushed back our timeline by at least a week. More on how we will rectify this below.

You can view the uPort bug here on GitHub: https://github.com/uport-project/uport-connect/issues/114

The CanYa DAO

The team have quietly been hard-at-work and have already released the first version of the CanYa DAO (Decentralised Autonomous Organisation)! This level of decentralisation was not due until the end of this year but the team decided to accelerate the focus to ensure it’s integration is paramount from the very beginning.

CanYa alpha platform the first working DAO
The CanYa DAO

Above is a screenshot of the CanYa DAO. It will be slowly rolled out to the moderators and then the wider community to start handling aspects of the CanYa platform and move CanYa to a fully decentralised entity.

Those helping with the DAO will be economically incentivised with $CAN. We will take our time with this process to ensure an adequate solution is found for platform users. This is brand new territory for any business and CanYa is leading the way!

So when does the community get to see the platform?!

We understand that the community feel the Pioneer / Alpha launch iteration was not communicated well by the team. Building a brand new platform in the spotlight is a unique position to be in but it is the reality for any ICO project.

We endeavour to communicate all developments as early as possible! We currently have our development team working on an updated, thoroughly detailed and live roadmap that we will feature on our website for development of the CanYa Platform over the next 6 months.

CanYa_Blog_Content_building.png

Our updated roadmap will go a long way to strengthening the mutual-trust we have with our community. We cannot promise that there will not be delays (as we have just experienced with uPort) but we can promise to be transparent about these with the community.

As stated earlier, the uPort issue has put us behind schedule from where we would like to be. However, we want to bring the CanYa Community on this journey with us so the CanYa Alpha platform will be opened to all $CAN supporters from Friday 20th April!

To view the platform you will need 100 CAN in a MetaMask account while using the platform. Anyone that meets this caveat will be able to view, book and pay our CanYa Pioneers.

I’m a provider when can I sign up?

The first 100 providers following our 20 CanYa Pioneers will still be curated and controlled via the CanYa DAO. We already have hundreds of applicants and we start on boarding them this week.

To register to become a provider you can apply on the website.

CanYa Apps

We are incredibly excited about our CanYa Apps and we will detail each CanYa App more thoroughly in the coming weeks. The aim is for CanYa to offer the full suite of services that any freelancer in today’s world could need. This creates a greater value proposition for the CanYa ecosystem and generates longer and more frequent engagement for all of our users. At this stage we are aiming to release a new CanYa App every month!

CANInvoice

An easily manipulated invoice template for all of our freelancers to provide clean, professional and accurate invoices for their work.

When will it be ready?

Ready now!

CanYa_CanInvoice_Illustration.png

CanShare

An app that allows large file transfers using decentralised technology. Want to send the 80GB HD video you just created for your client? Don’t worry about DropBoxes or Shared Drives, just send in app via CanShare.

When will it be ready?

Ready now!

CanYa_tools_CanShare-Blog.png

CanTrack

A crisp and easy to use job / task tracker to help you with your project management.

When will it be ready?

Ready now!

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CANSend

An easy to use tool for anyone to run their own air drops! This is a great way to bring more of the crypto world under the CanYa umbrella and bring another use-case for the $CAN token.

When will it be ready?

Ready now!

CanSend.png

CanYa25

A very exciting decentralised ‘kickstarter’ program for future CanYa freelancers. Do you have great ideas but you’re not sure it will work? Maybe you live in a country with no access to traditional finances to start your new online business? Here’s where CanYa 25 comes in!

Budding freelancers can pitch their ideas and the CanYa community can donate $CAN to their cause. The $CAN is held in escrow until it reaches 25,000 CAN. Once this occurs the $CAN is sent to the freelancer to be used to start their very own business on the CanYa platform.

CanYa_hero_Can25

This program has huge potential and is inline with the ethos of CanYa being the world’s truly global services platform. CanYa will empower freelancers from everywhere in the world that were traditionally excluded from exisiting platforms due to access to traditional finance institutions. CanYa 25 is an extension of this sentiment.

When will it be ready?

Ready soon. We will launch our first CanYa 25 competition in June 2018!

Conclusion

CanYa is breaking new ground every day. We are at the leading edge of what is possible with decentralised technology. We are incredibly excited to share the CanYa Alpha with all of our community this Friday. Together we can truly build something great.

The CanYa team will also release a high fidelity, live, dev roadmap so our community is better informed in the future.

We are looking forward to changing the world together!

For all the latest news and updates follow us here:

CanYaCoin is the cryptocurrency ERC20 token that powers the CanYa Platform, the world's best blockchain powered P2P marketplace for services