RE: Hive-Peerplays Collaboration Starting To Take Shape

Thanks for this write-up @taskmaster4450 ! Summaries SONs, the @spknetwork related aspects and what can be expected in the future.

One simply sets up an account on Peerplays. Then, the Hive is sent to the Peerplays' SON account for Hive with the user's personal account in the memo. The system will read that and generate the proper amount of pHive and place it in the Peerplays' wallet. The Hive is held on-chain in the SONs account until someone does the same process in reverse.

This may need minor edit to make things clear:

One simply sets up an account on Peerplays. Then, the Hive is sent to the Peerplays' SON's multi signature wallet account on Hive blockchain with the user's personal account name the memo. The system will read that and generate the proper amount of pHive and place it in the Peerplays' wallet. The Hive is held on-chain in the SONs multi signature wallet account until someone does the same process in reverse.

The fund movement will be like the following:

alice-hive : account on Hive blockchain
bob-peerplays : account of Peerplays blockchain

if Alice wants to send 100 HIVE to Bob,

alice-hive sends 100 HIVE to hive-multisig-wallet with a memo bob-peerplays

The 100 HIVE will reach hive-multisig-wallet in say, 3 seconds (or less!!)
bob-peerplays will receive pHIVE after few more seconds