Every year has its fair share of unforgettable moments, but 2020 really took the cake. While we tried our best to focus on our core operations, we couldn’t help but be distracted by global events, particularly during the first half of the year. Isn’t it amazing how head-spinning events can gradually become normalized, though? In truth, our decks were too busy to sustain prolonged distraction: we had work to get on with.
The year started off with a bang; before January was even in the books, we secured our biggest partnership to date, with leading Certificate Authority GlobalSign. With a client list that includes the likes of Google, Microsoft, Apple and Virgin, GlobalSign are serious players in the identity arena and their decision to leverage Keyhub, our cloud platform for SSL/TLS certificate management, made us very happy. GlobalSign was recently recognized at the 2020 Cloud Excellence Awards, with an award for Product of the Year.
Auth hits the App Store
Back in December, Remme’s digital identity solution for single sign-on got available on the App Store. A passwordless digital identity app with inbuilt data protections, Auth is one of our flagship products and it was great to finally be able to send it out into the wild. So far, it’s garnered plenty of positive feedback. What do you know? It turns out users like to control data relating to their own identity rather than cede authority to countless websites. You can request a pilot project for your business now.
In 2021, we expect the digital identity market to accelerate; the concept of digital passports is gaining ground due to Covid, and secure ID management systems that let users revoke app access, request data removal and monitor recent actions are going to be in demand. Auth is well ahead of the curve and next year will be its time to shine.
One chain to rule them all
It’s pretty amazing to think about how far Remme has come in the past 12 months. This time last year, we were raising our glasses to toast the long-anticipated launch of the REMChain mainnet following a succession of successful testnets (and more than a few late nights!); today the first public blockchain built on top of our Protocol is thriving with 43 Block Producers, 88 Guardians, 63 million blocks produced and 375 million REM tokens staked.
REMChain is the core of our ecosystem, what we like to call a decentralized backbone (we really should trademark that term). REMChain is where we store the good stuff (public keys, key metadata, identity data, etc) and where various PKI-enabled dApps come to roost. Development work has continued at pace this year, in REMChain as in the rest of the ecosystem.
Remember, anyone can contribute to the security of our network by electing trusted Block Producers, who in turn earn rewards in REM! To become a Guardian, meanwhile, you simply have to create an account and stake a minimum of 250K REM. Go on, you know it makes sense.
Ain’t nothin’ but a Peanut
While REMChain was ticking over, we found the time to create a new product called Peanut. Conceived to address the major pain points of decentralized exchanges (DEXs), namely impermanent loss and front-running, Peanut is an advanced price balancer tool that helps LPs earn more.
Unlike the Uniswap model that requires LPs to supply 100% of the assets they want to pool in a single transaction, Peanut sends 90% of liquidity to the Uniswap pool while retaining 10% for automatic price balancing between Uniswap, CEXs and DEXs. We firmly believe that this nifty smart contract tool will be the future of liquidity provision. Don’t forget to grab some NUX tokens; you can thank us later.
Peanut wasn’t the only product our devs got their teeth stuck into this year, incidentally. We also unveiled Swapy, an app that enables users to obtain the best exchange rate available without having to scrutinize volumes, register on multiple cryptocurrency exchanges, and manually place buy/sell orders. Swapy also furnishes users with access to low-cap, low-liquidity tokens at spot price, taking commission only on the % saved by using Swapy. You can’t say fairer than that.
Well, that brings you up to speed. Between REMChain, Protocol, Keyhub, Auth, Swapy and Peanut, we fully intend to continue our plate-juggling into the New Year and beyond. Expect more fruitful partnerships, important product refinements and more involvement from our community. We can’t wait to see what the future brings.