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   1034

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
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  • LinkedIn

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Civic to Buy Identity.com Domain

The domain will become a blockchain platform for the exchange of user data
19 July 2018   137

American startup Civic has acquired the domain name identity.com. According to Vinny Lingham, CEO of the company, the domain will become a blockchain platform for the exchange of user data. This is reported by CoinDesk.

The identity.com platform will be a decentralized ecosystem. Thus, companies that own data will request the user's consent to the issuance of information. Blockchain will allow verifying the authenticity of the user's permission. After that, the company will be able to provide information to the data buyer.

Calculation on the platform will be performed in Civic (CVC) tokens. And thanks to smart contracts, payment will occur after the requesting company receives relevant information.

Previously, the domain was a portal for Internet real estate and belonged to the Inflection. Civic bought the domain name after Inflection stopped operating in this area of ​​business.

Vinny Lingham does not disclose the details of the negotiations and the amount of the deal. Nevertheless, he stated that he always considered the identity.com domain an ideal address for the promotion of his blocking project.

According to CEO Civic, this purchase is an important step not only for the company, but also for the development of the Web 3.0 concept.