Vertcoin rises significantly

VTC coin saw a decent price increase during last week
24 October 2017   2789

Vertcoin rose almost 100% during past 7 days reaching its peak on 22 October with the price of $4.60. At the moment of writing its price is $3.23 which is 50% higher than it was only 4 days ago. Why does the coin experience such a progress while most major currencies tend to drop?

One of the reasons is its integration with Ledger, announced by Vertcoin Development Team on October 19.This provides the opportunity to expose VTC to  BTC and other coins holders for the first time.

What is more, users decide to get involved with VTC because of the potential of Atomic swaps which can be carried out, and atomic swaps are useful when the coins are swapping between different currencies. For instance, Charlie Lee, the creator of Litecoin, gave a significant promotion to VTC, when he did the Atomic Swap with James Lovejoy, the lead developer of Vertcoin, and tweeted that it worked flawlessly.

Also, the developers work hard on making it Vertcoin ASIC-resistant, they built up a social contract with the community to hard fork the mining algorithm if ASICs or FPGAs are ever detected.

Thus, Vertcoin is a growing currency, secured by its users, focused on decentralization and developing rather rapidly.

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.