Bitcoin Forum

My friends and I are developing a way to disintermediate value exchange between different digital currencies, i.e. without relying on a trusted third party.

Different versions of peer-to-peer electronic cash exist as data represented by separate blockchains. Payments between such systems cannot be sent directly from one party to another without going through a financial institution. Bitcoin provided part of the solution but its utility is limited to intra-blockchain transactions. The benefits are lost if a trusted third party is required to execute inter-blockchain transactions. We propose a solution to the inter-blockchain transaction problem using the same fundamental principles of Bitcoin. The protocol is described by the Überledger framework, a hierarchical meta-blockchain layer that encapsulates information regarding the fidelity of peer-to-peer transaction facilitators.

On a high level the vision is not dissimilar to P2PTradeX but the execution is different. The idea is for a P2P reputation system on the integrity of transferring nodes. Web of trust was also a kind of reputation system, but I think Überledger is potentially more interesting to participants since they stand to be remunerated by transaction fees.

If you're interested there's more information here:

www.uberledger.io

reputation is so meh. atmic swap is the future

Regarding reputation I would tend to disagree.

What is eBay, or for that matter AlphaBay Market/Silk Road, apart from an escrow service married to a reputation system?

What I've proposed is in fact a marriage of the same mechanisms.

On the subject of atomic swap we're in agreement. In fact it's an integral part of the system I'm envisioning.

Hi @s.matthew.english !

If you're still reading this, we're also working on a way to do cross-blockchain swaps with a method called haystack on Internet of Coins. For more information, please visit https://coinstorm.net

Will send you a PM. :-)