Barterdex to test Cryptocurrency Atomic Swaps

Komodo (the creators of Barterdex exchange) is testing the method of atomic swap trading by validation of user interface and software
30 March 2018   31943

The Komodo project is a public blockchain with a related token KMD. The development group also created a decentralized exchange Barterdex. Because of the open source software, the users are able to trade cryptocurrencies through numerous blockchain networks by a technique of atomic swaps. That method lets trading between 2 networks without the necessity of the use of a third party intermediary.

Komodo disclosed that Barterdex had transacted in common 90,663 productive atomic swaps. Barterdex is different from the other Dex protocols (NXT and Bitshares) with its decentralized and peer-to peer order books. Komodo programmers claim the other book system is “analogue of a full relay node and a node that doesn’t relay.” All updated are constantly sprode around the network and every buy (or a sell) is displayed for traders.  

There is a huge amount of cryptocurrencies to swap with, but some kinds have a lot of more profits than the others and trading these coins may bring faster effect if you are experimenting. When the app loads, the users are received a twelve-word mnemonic phrase and asked to copy the information. After this, the users are greeted with a window of portfolio data, and recently observed markets. There is also a window for trade history, a debug menu, and a settings section.

Firstly it is necessary to choose the preferred type of cryptocurrency and the digital asset you wish. Then you are to deposit the coin to a smart address to complete the atomic swap offer across the exchange peers`network. For observing the deposit and starting to explore Barterdex you have to confirm your transaction. When the deposit is confirmed you may select which currency you want to buy with the cryptocurrency you just added. After approximately 30 minutes of testing the platform and expecting for a trade to execute, the coins have been finally swapped.

So, the testing has revealed that the platform certainly works, the interface is smart and the charts are updated regularly. Like any other resemble application, Barterdex needs more active traders. It would take some time for traders to leave centralized exchanges for platforms like these.

Price at the moment of press: $2,39 USD (-5,37%) / 0,00034058 BTC (1,13%) 

24h volume: $1 597 600 USD (227,73 BTC)

Market Cap: $248 571 748 USD (35 433 BTC)

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   111

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.