BitShares 2.0 announced

BitShares has announced a major update BitShares 2.0
04 June 2017   3624
BitShares

Is a software company working on financial solutions built on a blockchain, such as decentralized asset exchanges, banking, project funding

The BitShares development team unveils their biggest announcement since launching one year ago: the upgrade to BitShares 2.0.

BitShares has been operating for about a year, and the community has identified numerous problems which are currently holding the system back from its full potential, such as slow performance, high resource requirements, non-standard market matching algorithm, lack of flexibility of system parameters, etc. 

That's why this update is to be the next one in the evolution of BitShares as it incorporates all of the feedback and lessons learned from the BitShares stakeholders, partners, developers, marketers, and other community leaders throughout the year of research and development, the company reports in its blog. 

According to the announcement made, a brand new BitShares codebase has been rebuilt from the ground and BitShares 2.0 was designed to address all of the above issues. The report says that by upgrading, the community will experience:

  • A new high-performance protocol and engine, capable of handling over 100,000 transactions per second.
  • A new user-friendly hosted wallet interface.
  • Brand new financial smart contract features.
  • A new set of tools for community feedback.
  • A new viral growth model.
  • Robust testing infrastructure designed to prevent bugs and regressions.
  • A new developer-friendly and extensible codebase.

To learn more details about BitShares 2.0 see the official company's report.

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   59

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.