A completely decentralized crypto exchange created

From this article you will learn how xChainge brings the future to the complete decentralization of crypto exchange using blockchain technology
04 December 2017   475

A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds and the trades occur directly between users (peer to peer) through an automated process. The most obvious benefits to using a decentralized exchange over a centralized one is its "trustless" nature, privacy, absence of risk of server downtime. xChainge can certainly provide such benefits and much more.

What is xChainge?

xChainge is a decentralized solution for secure and anonymous token storage and exchange that utilizes the best UX/UI practices of modern online banking applications. xChainge does not charge users for operations. The new xChainge is created in aim to replace crypto exchanges with blockchain-based P2P transactions. It has a simple user interface for anonymous and decentralized exchange of assets based on the Ethereum blockchain. xChainge offers an alternative to centralized crypto asset exchanges with no commission fees, no mediator companies, and no KYC/AML. All of the platform’s functionality is available in the xChainge Wallet application. 

xChainge is working on “Ariadna Network” technology, which is a hybrid distributed network of simple computational nodes with different roles built on a proprietary blockchain, whose primary job is to perform clearing operations, and the “Proof-of-Snitch” protocol lies at the foundation of Ariadna Network.

xChainge Wallet

The xChainge Wallet enables P2P transactions of crypto assets from a user-friendly interface, similar to popular online banking applications. All of the platform’s functionality is available in the xChainge Wallet application. xChainge Wallet for Windows is stated to be launched in Q1 2018, followed by iOS and Android apps in Q2 2018.

Key features of the xChainge Wallet app:

  • Convenient and secure storage of crypto assets;
  • Secure peer-to-peer exchanges;
  • Easy-to-use smart contract builder for fully customizable exchange transactions;
  • Smart dispute resolution with the help of mediators;
  • Creating custom marketplaces.

The xChainge Wallet does not require verification and gives users full control over their assets. xChainge Token is used as a means of payment on the platform.

xChainge Platform

  • Publishing an offer
    To publish an offer a user has to go to the “P2P Exchange” section of the xChainge Wallet, select the option to create an offer, pick the type of assets to be exchanged, enter a desired price and the expiration date, and confirm the offer. Then the offer is published to the Ethereum blockchain.
  • Choosing an offer
    Those who wish to select an existing offer can filter then by token type, price and transaction volume. Should a user select an offer, it is confirmed and the result of the transaction is published to the Ethereum blockchain.
  • Using the smart contract builder
    Users are able to create custom transactions backed by smart contracts. The builder allows to set the price, the maximum execution time and a variety of parameters.
  • Using a cross-chain platform
    xChainge Wallet users are able to exchange ETH and ERC-20 tokens for any other cryptocurrency. At the moment, there are no solutions that allow the same without having to trust the other party. 

xChainge Token Sale Information

The xChainge token is an ERC-20 Ethereum-based utility token which is used on the platform to pay for Matcher node services and make Matcher node security deposits.

  • Sales dates: from Dec 5, 2017 to Dec 30, 2017
  • Total number of tokens: 23,529,412 XCH
  • Token price: 1 XCH = 0.05 ETH
  • Soft cap: 10,000 ETH
  • Hard cap: 20M XCH
  • Accepted currencies: ETH

Proof-of-Snitch protocol which lies at the foundation of Ariadna Network technology"Proof-of-Snitch" protocol which lies at the foundation of Ariadna Network technology

xChainge Roadmap

xChainge roadmapxChainge Roadmap

xChainge Advisors

  • Theodosis Mourouzis - Research Fellow at the UCL Centre for Blockchain Technologies, Programme Director of the MSc in Business Intelligence and Data Analytics at the Cyprus International Institute of Management
  • Natalya Tokareva - Senior researcher at the Laboratory of Discrete Analysis in the Sobolev Institute of Mathematics, associate professor at Novosibirsk State University, team leader of the CRYPTO-group
  • Anastasiya Gorodilova - Researcher at Sobolev Institute of Mathematics, NSU Specialized Educational Scientific Center
  • Alexey Oblaukhov - Researcher at Sobolev Institute of Mathematics, NSU Specialized Educational Scientific Center
  • Mariya Lapuk - Founder of Vinci Agency, Head of the Media Department at Internet Initiatives Development Fund, Vice President of the PR Department at Odnoklassniki
  • Dr. Stylianos Kampakis - research fellow at the UCL Centre for Blockchain Technologies.

Documentation

  • Whitepaper
  • One-pager

More Information

  • Website
  • Medium
  • Telegram
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  • Twitter
  • Reddit
  • Bitcointalk
  • LinkedIn

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Gnosis to Hold Technical Meetup in London

The event headlined "How to build decentralized prediction markets?", organized by Gnosis and The Blockchain Connector, will be held in London, UK, on February 22, 2018
22 February 2018   69

Gnosis aims to build revolutionary market-driven forecasting technology to let users shape the future. It is built on Ethereum, a next generation blockchain protocol enabling advanced smart contracts. 

The event headlined "How to build decentralized prediction markets?", being a collaboration of Gnosis, The Blockchain Connector and King’s College London Blockchain Society, will be held in London, UK, on February 22, 2018.

Gnosis blockchain conference in LondonGnosis Technical Meetup in London Announcement

Location: King's College London, Room BH (S) -1.01, Bush House Auditorium, Ground Floor, 30 Aldwych, London, WC2B 4BG
Date and time: 6:00 PM – 9:00 PM GMT, February 22, 2018

The presentation will cover technical details of the Gnosis platform and how developers can get started building their own application on Gnosis. Moreover, future technical challenges to bring Gnosis to the masses will be discussed and possible solutions will be presented.

The headline speaker is Stefan George, Gnosis CTO, who wrote the crowdfunding campaigns for Gnosis and SingularDTV and the multisig-wallet which became a standard for ICOs today.

The event is held for software engineers, software architects and computer science/software engineering students only, and everyone who wants to participate is required to register beforehead.