Komodo to Bitcoin Cash atomic swap performed

New technology was used to purchase Bitcoin Cash for Komodo at BarterDEX platform
18 December 2017   3283

Atomic swap technology was used successfully again, now with Komodo and Bitcoin Cash. 

During the atomic swap, the buyer used Komodo to purchase Bitcoin Cash. The deal took place on the BarterDEX platform and ended quite quickly. It is expected that BarterDEX and Komodo will play a significant role in the study and development of swaps.

Komodo is a digital asset that aims for privacy-centric ideals and hopes to provide more fungible blockchain transactions. The cryptocurrency uses a consensus mechanism called Delayed Proof-of-Work (dPoW) which is similar to bitcoin’s PoW, but also uses a block notarization method.

KMD to BCH Atomic Swap Report
KMD to BCH Atomic Swap Report

Users note that this kind of exchange between crypto-currencies is attractive enough. An important factor is the lack of verification necessary for exchange on centralized exchanges. The fact is that atomic swaps are conducted exclusively on decentralized exchangers.

Now it is not known how the swap will affect the overall Bitcoin Cash ecosystem. Some suggest that this crypto currency can become a permanent participant in atomic swaps, which, against the backdrop of BarterDex's plans to refuse support for Bitcoin, looks quite interesting assumption.

Lightning Desktop App to be Launched in BTC Mainnet

The application, which is based on the lightweight Neutrino client, is available for the macOS, Windows and Linux, however, it's oriented fro test environment
24 April 2019   120

Lightning Labs, a leading developer of solutions for the Lightning Network, announced the launch of its desktop wallet in the main Bitcoin network. An application that was previously tested in a test network is available in the alpha version.

The application, which is based on the lightweight Neutrino client, is available for the operating systems macOS, Windows and Linux, however, as the developers emphasize, is still oriented primarily to the test environment. At the same time, more advanced users can also experiment with the wallet interface and get access to their funds.

Lightning App Desktop Version Screenshot
Lightning App Desktop Version Screenshot

The Neutrino client allows non-custodial Lightning wallets to verify Bitcoin transactions without the need to synchronize with the full version of the blockchain.

The new release includes such a function as displaying a single balance, which will allow users to see the cumulative number of coins both in the network base and in the payment channels by percentage.