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’.

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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)

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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:

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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 Alpha launched to the community!

The day we have all been waiting for is here! 

The CanYa Alpha web-app has arrived and we can’t wait for you to join and start freelancing in the the crypto gig economy!

The purpose of this blog is to provide you with some quick updates on the features and functionality of the ecosystem, as well as top tips on how to begin.

First things first; all users of the CanYa Marketplace will need 100 CAN Tokens in their MetaMask address to place and receive jobs.  CanYaCoin (CAN) is the native token of the CanYa marketplace, which means it is the currency that drives the CanYa economy.

How do I get CanYa tokens to set up my profile?

There are multiple ways you can acquire CAN tokens.

The most straightforward is through any of the exchanges listed on Canya.io, including, KuCoin, IDEX, and FatBTC.

You can also convert Ethereum or other popular cryptocurrencies directly to CAN through our partnerships with Bancor and Changelly.  Down the track, this will be incredibly important to how the marketplace functions, but right now it also plays an important role in removing a barrier to entry to the platform.

When you go to the CanYa.com landing page, you will be met with two options; to buy ETH or to buy CAN.  These shortcuts are powered by the following technology.

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Bancor

Bancor is a trading network that lets users convert between tokens like an exchange. The decentralised, trust-less network allows you to convert between two tokens of your choice without any counter-party for continuous liquidity. What this means is that CAN token users can hold, receive, transfer, request, liquidate and purchase tokens.

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Changelly

Changelly is an instant digital currency exchange that allows users to exchange between cryptocurrencies, by plugging into major exchanges. Changelly also allows you to purchase cryptocurrency with your credit or debit card.

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Identity Registration for a Decentralised Marketplace

In order to achieve a truly decentralised marketplace, we need to protect our users and providers information from capture.  In order to do this, we are using uPort to protect your data and identity while also allowing users to exchange information privately.

Download uPort to your phone, and it will communicate with MetaMask to confirm your identification.  All of your profile information will be stored in uPort, not on CanYa, so this means data such as your photo must be uploaded onto uPort for it to show up in CanYa.

As per our previous update, uPort is cutting-edge technology and has cause some initial users issues. To avoid a bottleneck of users trying to login simultaneously we have built a more traditional login that taps into your existing available information. This is important as it allows more people to interact with the platform, but it should also be noted it is a short-term solution, as we push towards the marketplace being completely decentralised.

We are currently working on a native CanYa ID app that will cover all of the functionality of uPort and more!

Using The Marketplace


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When you log into the platform successfully you will be met with profiles from providers that have been hand-selected as part of our Pioneers and Ambassadors programs.

Opening these profiles will allow you to look at tasks completed, skill-sets, timezone, and other useful information to inform your decision to hire a provider.  If you decide you want to engage with a provider, you can post them a job request.

When you engage your selected provider you will then have a private communications channel to speak about the task in more detail, and in real-time.

Screen Shot 2018-04-20 at 3.29.36 pm

There is also the search function that enables you to look for specific providers, or providers based on a skill-set that you are seeking.

We also have a CanYa Chat Bot that will help you navigate the platform if anything is not immediately clear.

As this is the launch of our Alpha platform, your feedback is warmly welcomed and greatly appreciated you can provide feedback via the various links on the platform. We have created a forum for this feedback which can be reached here: http://forum.canya.io

We are incredibly excited to welcome you to the CanYa platform, as together, we build the decentralised future of work!

Known issues

As this is the Alpha version of the CanYa platform there are a number of things that the team are currently working to improve. These are:

  • Log in issues involving the uPort technology
  • Search function can return erroneous data
  • User Experience issues
  • User Interface issues
  • User Account Management issues

The dev team are working hard to improve these issues and they can be improved even further with your feedback!

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 token while generating longer and more frequent engagement for our users. They will also serve as a marketing funnel to introduce external users to CanYa after using our awesome apps. At this stage we are aiming to release a new CanYa App every month!

Here are the CanYa Apps that are ready and will be released in the coming weeks post the Alpha going live:

CANInvoice

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

 

CanYa_CanInvoice_Illustration.png

CanTransfer

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 CanTransfer!

 

CanYa_Illustration_CanTransfer.png

CanTrack

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

 

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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.

 

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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.

Future technology roadmap

The future vision for CanYa is monumental. Here is what the current roadmap looks like:

Combined

Conclusion

The CanYa vision is vast and incredibly exciting. We are at the ground level and we cannot wait to build the future with our community. Please use the platform, create a profile and provide feedback.

We are proud to be able to launch a global Alpha only three and a half months after finishing our ICO but there is a lot more to come! This is an exciting time for the CanYa platform and the $CAN token. We also have exciting news regarding Bountysource powered by CanYa that we will share very soon.

 

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