Hello Bankera friends, I'm Eileen and today we're having Saulius, one of our developer who is working for Bankera and its MVP SpectroCoin He's going to share his working experience with us
Hi Saulius Hi there First of all, can you briefly introduce yourself to everyone? Well, I'm Saulius, I'm a SpectroCoin back-end developer and I mainly work on cryptocurrency integration such as Ethereum or Bitcoin Can you tell us what do you do at Bankera and it's MVP SpectroCoin? Well, as I said I'm a back-end developer which means that I code the services behind SpectroCoin which accept requests from the site itself or any mobile apps My work revolves around cryptocurrency integration and lately it's been focusing on the Ethereum cryptocurrency
So in your own words, what is Ethereum? Ethereum is a strange cryptocurrency It allows for putting up code on the blockchain What that means is that you can execute any arbitrary code in there And the difference between Ethereum and Bitcoin would be that while Bitcoin has its own scripting language, which allows to discern who can spend any output, Ethereum's contract language is much more powerful What Ethereum allows us to do is, for example, create a whole new cryptocurrency on the chain or maybe start your own decentralized voting system The possibilities there are really endless
What challenges do you see while working with Ethereum integration? Well, the main challenge comes from the fact that Ethereum has smart contracts It introduces a lot of complexity For example, if we just take the basic functionality, sending Ethereum and receiving Ethereum, For sending, we have three different ways on how to send Ethereum You can send Ethereum as a standard transaction on the blockchain, you can send Ethereum to a contract to execute some code, or you can even do both You can send Ethereum to a contract which then uses that Ethereum to execute a code
Under receiving it, we also have two different possibilities We can receive Ethereum from a standard transaction or receive Ethereum from a contract The problem comes that Ethereum doesn't store some of this information on the blockchain, so it adds a lot of complexity to our systems to be able to both send to all different cases and receive from them What can our contributors look forward to regarding Ethereum support at SpectroCoin? And what are the latest developments? Well, we are working on Ethereum, even though work has slowed down due to the upcoming NEM release What I'm personally currently working on is better integration with smart contracts, Although, you won't be able to see that very well in the upcoming releases but we do hope that we can bring down the receiving Ethereum from contracts to almost instant The other important feature of Ethereum that's coming up is token integration
We are starting to work on that soon, although we don't have yet estimated a release date for that Can you share your thoughts on Bankera in general? What do you think is the future of digital blockchain banking? Well, I see Bankera as a contender to standard banks, first and foremost With SpectroCoin having a good technical base Well not archaic, we still use very mature technologies, We can afford to move much faster and develop much faster than traditional banks As for the future, I think that the blockchain is a very potentially useful technology, but it has to solve one the major issue of scalability, in terms of storage But I hope that blockchain enthusiasts will have that down pretty quickly Thank you, Saulius, for sharing your experience with us today! Thank you for allowing me to share it! So, thank you for watching today Until the next time!
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