THELOGICALINDIAN - This anniversary the developers of the komodo KMD blockchain belvedere performed a acknowledged diminutive bandy amid KMD and bitcoin banknote BCH application the teams Barterdex exchange
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Komodo Developers Perform Bitcoin Cash Atomic Swap On the Barterdex Platform
On December 14, the developers of the accessible antecedent komodo cryptocurrency performed an atomic swap amid KMD and BCH. Komodo is a agenda asset that aims for privacy-centric ethics and hopes to accommodate added changeable blockchain transactions. The cryptocurrency uses a accord apparatus alleged Delayed Proof-of-Work (dPoW) which is agnate to bitcoin’s PoW, but additionally uses a block notarization method. In accession to the komodo token, the aggregation has additionally congenital a decentralized barter called Barterdex, a trading belvedere that provides cross-chain diminutive swaps amid added cryptocurrencies. Atomic swaps acquiesce two parties to transact amid two blockchains in a arguable address after counterparty risk.
The developer who performed the aboriginal ‘BCH KMD’ diminutive bandy appear his allegation on the Reddit forum.
“I was the one who did the absolute swap,” the developer reveals. “This is an Diminutive Bandy amid Komodo and Bitcoin Cash, area the KMD client bought BCH — The diminutive bandy protocol, as acclimated in Barterdex, follows the Tier Nolan agreement (Alice is buyer, Bob is seller).”
Atomic Swaps Will Tear Down Cryptocurrency Trading Roadblocks
The Komodo aggregation says the Barterdex BCH bandy cipher is “quite complicated,” but additionally uses a 2-of-2 multi-signature apparatus which can be acclimated if the barter needs to be canceled. The Barterdex belvedere additionally trades over 60 added agenda assets that barter blockchain-to-blockchain. In accession to the diminutive swaps with a GUI, Barterdex additionally provides decentralized order-matching. An adjustment analogous arrangement matches buy and advertise orders so anniversary affair can assassinate a adapted trade. The Komodo aggregation explains that there accept been notable efforts to try and advance the abstraction of decentralized exchanges like the Bisq network. However, the Bisq exchange and others still await on an escrow arrangement admitting Barterdex uses the diminutive bandy protocol.
According to the Komodo developers, bitcoin amount (BTC) diminutive swaps accept been a nuisance during times back the mempool is congested. Back the BTC blockchain is backed up with bottomless transactions, the Barterdex barter has to put bitcoin amount diminutive swaps on authority until the mempool clears. “BTC won’t be disabled in Barterdex, except during periods of aerial mempool bottleneck back BTC diminutive swaps are actual acceptable to fail,” explains the komodo’s Twitter handle. For this reason, the developers explained to news.Bitcoin.com that they had absitively to accommodate bitcoin banknote into the trading engine. The Komodo aggregation explained to news.Bitcoin.com that they’re admiring with the BCH affiliation and accept diminutive swaps will transform the approaching of cryptocurrency trading
“Atomic swaps breach bottomward abounding above roadblocks, foremost amid them actuality a accepted abridgement of aegis in cryptocurrency trading,” explains the Komodo development team.
What do you anticipate about the Komodo developers assuming an diminutive bandy amid KMD and BCH? Let us apperceive in the comments below.
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Images via Shutterstock, Komodo, and the Barterdex GUI.
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