Origin Protocol launches mainnet beta of its marketplace DApp

Origin, a protocol for creating peer-to-peer marketplaces using the Ethereum blockchain and IPFS today announced the launch of the beta version of its mainnet. At the end of September, the Origin team quietly launched the first version of its smart contracts to mainnet and deployed the marketplace DApp.

Origin Protocol was incorporated one year ago today on October 9th, 2017. Today represents a milestone for Origin on its mission of enabling peer-to-peer commerce on the blockchain. As of now, real buyers and sellers can transact without excessive transaction fees. Users of the platform have a self-sovereign ID through ERC-725 and can communicate over secure and decentralized messaging.

During the mainnet period, buyers and sellers will be able to transact with real ETH on a Craigslist-style marketplace. Noting the beta environment, the Origin team said it is still in the process of adding many new features like fractional usage listings (think Airbnb or GetAround) and multi-unit listings (think ecommerce or ticketing). They are also actively debugging issues and fortifying platform security as the protocol’s smart contracts are still being audited.

Important Things Users Should Be Aware Of

During the mainnet beta stage, tokens from previous token sales will not yet be distributed. Tokens will be distributed at official application launch. The Origin team expects this to be when it will successfully exit beta and are confident that the platform is working as intended and smart contracts are secure.

How To Begin

In order to be able to transact as a buyer or seller on the Origin DApp, users need a crypto wallet attached to their browser. It is recommended to use the Metamask extension with Chrome or Firefox. Install the extension, create a wallet, and then transfer some ETH to it to begin using the DApp.

As a second step, Origin is encouraging users to enable Origin Messaging. With this, buyers and sellers communicate directly with each other (without Origin in the middle). If not employing the Origin Messaging, it will be difficult to interact with counterparties in a transaction. Origin Messaging is a great way for buyers and sellers to chat with each other (e.g. to ask questions about the item for sale, to provide a shipping address, etc.) in a secure way; messages are encrypted and only the sender and receiver can decrypt them.

As a final step, Origin recommends users to set up an Origin profile — this is optional but whether a seller or a buyer, a solid profile gives higher confidence to the other party that the transaction is reliable. To do so, simply click on the Account icon on the top right of the DApp. Provide your name, anything you want to share about yourself, and a picture. Note that this information will be made public on the blockchain so make sure you are comfortable sharing the data you enter. Also, users can verify their email address, phone number, and/or your social media accounts — this is a great way to strengthen your profile. Note that Origin will show other users you have verified your phone number or email address, but will not reveal users actual phone number or other sensitive data. When ready, publish your profile so that other users can learn more about you before buying or selling with you.

As a buyer, users can quickly browse for listings, search to query for specific items by keywords, category, and price.

Sellers can get started by clicking on the “Add a listing” button on the top of the DApp. Choose a category and enter a description and price for a listing.

Highlighted Features Included In The Mainnet Beta Release

Below are release notes detailing the most important features of the Mainnet Beta release. Origin will release further details in the near future as development continues.

Features Not Included In This Release

Regrettably, not all the features Origin wanted to incorporate into this release made the cut. The team chose to leave the following features out, for now, to ensure it could meet deadlines and have a soft and stable release.

Origin Future Roadmap

High-level product goals for Q4 include:

The Origin decentralized app allows buyers and sellers to transact without rent-seeking middlemen using the Ethereum blockchain and IPFS.
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