Judith Jakubovicsjudith@mastercoin.org

• Intro & reminder

• Protocol Structure & Evolution

• Wallets

• Crowdsales

• Future

Talk Structure

• Bitcoin is Money

• Benefits: Decentralized

Secure

Trustless

Anonymous

Low Fees

…

Bitcoin is useful

Bitcoin dev = stalled

development of the bitcoin protocol has ground to a

“complete halt”

I’ve been very worried for a long time that the core bitcoin system is radically

underfunded and underdeveloped from where it needs to be.

No new Protocol Features expected

• A financial layer that uses Bitcoin

• Inherits all of Bitcoin’s benefits

• Adds Security, Exchange, and Issuing

• Is not “yet another altcoin”

The Master Protocol

Protocol Structure

• Every Master Protocol transaction is a Bitcoin tx

• Original Class A (increasing UTXO)

• Class B = Multisig

• Class C = OP_RETURN

• Future = github.com/petertodd/blockpop

Protocol Structure

• Deprecated wallets: Masterchain, Masterchest, MyMastercoins, Mastercoin-explorer

• Slow development:– Bounty program, incompatible dev efforts

– No top-down design

• New wallets:– Omniwallet (web)

– Master Core (desktop, bitcoin-qt fork)

Wallets

• Web (hybrid, client-side secure)

• New wallets:

– Omniwallet (web)

– Master Core (desktop, bitcoin-qt fork)

Omniwallet

• Cross platform desktop wallet

• Higher security

• All-in-one package (no dependencies)

• Easy to integrate with exchanges!

Master Core

Crowdsales

• Per country and issuance

• CODA.co – an umbrella org

• What not to do?– Shares

– Voting

• Bit-license

Legal Considerations

• Master Core release = August 1

• Next up:

– Master Core UI (soon!)

– Metadex

– Omniwallet improvements(2 factor, email support, multisig)

– Smart crowdsales

– Betting, CFDs, Saving Addresses

Future Plans

• Burning MSC:

– Decentralized Exchange

– Pay to Owners

– Other advanced operations

– Voting determines the fee

• MSC as a based liquidity layer for the DEx

Monetization

Questions?

judith@mastercoin.org