Thanks, that seems very clear and easy.
Thanks for adding the Github repository open source code. I have checked it out. As I can see, it acts as a frontend app that utilizes your backend system. So while a person may install and run the frontend independently, the whole system is still dependent on your backend.
Do you have plans to open source your backend so that people can do token transfers using your protocol completely independently of whether Terablock exists?
Thank you for your support and for taking the time to review our GitHub repository. You're correct that the current frontend app is designed to interact with our backend system.
We're committed to full decentralisation and are collaborating with Internet Computer Protocol (ICP) to decentralize the bridge watcher. Furthermore, we're integrating with Patrisia Blockchain's Multiparty Computation (MPC) technology. These initiatives will culminate in a fully decentralized Hive CrossDEX, enhancing both our security framework and transaction efficiency.
Post implementation, we plan to open source the backend, ensuring that our system can be used independently, securing the ethos of decentralisation that TeraBlock upholds.
We're looking forward to these developments and the positive impact they'll have on our platform and the Hive ecosystem.
Very good. Thank you. I'll personally be voting for your proposal when the full decentralization is in place, or at least large parts of it are in place. My understanding is that DHF funds are supposed to go to fully decentralized projects, and so you would qualify for that quite well when you're a good amount on your way to completely decentralizing your entire stack. Hope that makes sense.
Thank you for your willingness to support our proposal. We understand and value the importance of decentralisation within the DHF framework. We're pleased to share that, following the successful support of this milestone, we are prepared to make the current backend live, further aligning with the principles of full decentralisation. Your insight is greatly appreciated, and we look forward to your vote as we progress on this transformative journey.