Please do not promote this here. I am not convinced in the legitimacy of glidesec

James

http://52.10.20.52/InstantDEX/ has a live site, display is still a bit wonky, but this just did come together. it will be iterated and bugfixed rapidly.

cryptosleuth is doing very good work

James

FibreOS is pretty unique, it is a feature I never even thought of. So that is quite a rare thing to happen
and with Windows still around, it is clear that the world needs a way to create a safe place for crypto wallets that is accessible to Windows users, but not running under windows

James

I can confirm this. It is hard to find coins with real dev teams and I am glad to have FIBRE joining SuperNET

James

We have first submission for the InstantDEX bounty. this starts the clock, so there is 24hrs for the other submissions

https://vid.me/kIcS

James

We have first submission for the InstantDEX bounty. this starts the clock, so there is 24hrs for the other submissions

https://vid.me/kIcS

James

added a "gui" field so we can track what GUI people are using, maybe even some revshare to the most popular third party GUI's

also a "quoteid" field to allow realtime propagation of orderbooks status of other nodes. unfunded order detection to prevent wasting time on order match attempts that are sure to fail

some other minor things, but it is getting down to the small things for the main functionality. Just need GUI release so it can be tested and find all the bugs

James

pushed a release with lottostats and tradehistory API

lottostats just tracks the size of the jackpot, the number of tickets you have and the odds of you winning.

tradehistory is currently just doing a raw dump of all the trades, but a necessary first step before I make it more useful

James

pushed a version that supports cancelquote and also automatches bids and asks. with this InstantDEX core API is feature complete other than automatching hybrid orderbooks. but I need to get bug reports back for all the simpler cases before it makes sense to finalize that part. So I will start on the getsignal API


James

pushed a version that supports cancelquote and also automatches bids and asks. with this InstantDEX core API is feature complete other than automatching hybrid orderbooks. but I need to get bug reports back for all the simpler cases before it makes sense to finalize that part. So I will start on the getsignal API


James

InstantDEX progress report:

Got the asset<->asset trading working and looks good. So now what is left it is the most advanced case (hybrid orders), which isnt even necessary at first and making it automatch and chart signals

Then I will switch over to network security enhancements while the testers are pounding on it.

so, the ramchains, realtime MGW and InstantDEX should go into maintenance mode for me very soon. Then the security revamp will be squeezed in and that leaves Tradebots and Privatebet.

Then I will take a 3 day vacation!

James

to clarify...

SuperNET uses NXT for many things, but not everything SuperNET does even requires NXT. Also SuperNET is community of over 400 people with literally dozens of projects, it is an ever expanding combination of coins, assets and services.

InstantDEX is just one of the SuperNET projects. Also NXT has a LOT more things than SuperNET and they are not really directly comparable as SuperNET is a network/collection of anything that is helping crypto.

James

good progress. got asset <-> asset swap to do all the required error checks and then matchup and even make a balancing payment so everything adds up properly.

takes 7 NXT tx to do an asset <-> asset swap and 5NXT in InstantDEX fees, so a cost of 5.5NXT and 6.5NXT to the two traders.

For the simpler asset <-> NXT case it is 4 NXT tx for 4.5NXT cost per trader

The hybrid case can be up to 11 NXT tx, but it would only make sense if the net cost for the extra trades and extra 2.5NXT gets you a better effective price. For now, I will skip this case and work on making the order matching easier, eg. make placebid/placeask automatically generate a makeoffer2

Depending on the relative mix of order types, it seems we will get 5 to 7.5 NXT of InstantDEX fees and NXT itself will get 4 to 11 txfees. At the high end of daily order levels, the yield of NXT will go to ~10% per year.

Since doing a trade with each orderbook entry incurs trade costs, I will calculate a metric for all the eligible trades and choose the one closest to optimal. currently only trades that are for 75% or more of the requested volume and within 0.1% of the price are eligible. If there are no such orders, then it will get passed through.

I think this is a decent initial solution. Fancier things like combining multiple quotes from the same user, etc. I will leave for later. Better to get something basic working first

James

https://nxtforum.org/general-discussion/confused-about-supernet-multigateway-instantdex-atomic-bitcoindark-co/msg167243/#msg167243 has more details on the asset <-> asset swap

Fair enough. Having API level functionality still is not so easy to use, but it does reduce the problem difficulty from "making something that has never been done before" to "put a GUI on top of something that exists"

So the risk factor and timelines all become much more understandable

James

found a few more unhandled cases for the "simple" asset/NXT
but I think now it is pretty complete so what is left are the automatic creation of halflegs

assetA <-> assetB needs to become assetA -> NXT + NXT -> assetB, and assetB -> NXT + NXT -> assetA

basically the same thing you (and the other trader) would have to do to sell your asset and buy the other asset

Once this is debugged, then all the non-hybrid cases will be ready for more thorough testing, eg. assets with 0 decimals, 8 decimals, etc.

Then the hybrid case is essentially a pair of normal cases, with possibly a balancing payment needed if things are too out of balance.

This is taking so much time (all week!) because all the cases look reasonable, but it is very easy to get the price upside down, which is a very big problem. So I am having to test each possible permutation. Once I get through this rough patch, then it will be adding some more error checking (user settable minconfirms), historical stats and signals/price  data

So my goal is to be at a point where InstantDEX is in maintenance mode for me this weekend. We have put together a team to start testing it more thorougly and I hope the GUI is soon. But it is good I am a bit ahead of the GUI as I can work on enhancing the network security and also do some of the easier things like more signals

James

wow! a wall of URLS!
anyway, to expect any sort of logic based response or even a response that is the right response, this is unrealistic. If you keep threatening them, soon you will appear on no-fly lists and even on most wanted lists

to question the authority of USSA is a crime. Even to think about the wrong things is a crime now

I put error checks for outofband pricematches, so they are rejected.
block 373464 has txid 14565979118655674082, which is the first successful trigger tx for an InstantDEX trade.

I did 72NXT for 1 coinoUSD

1424647629882861488 is the ask, it is in the unconfirmed trades along with 8698983672084812764 for the fee and 11440344300163450416 is the matching bid.

These tx are done for a few minutes now, even though NXT is on a long block. so when the new block comes in they should all get confirmed. yes and they just did!

Now I can move to debugging the other ordermatch cases.

James

###
for those curious about how atomic and InstantDEX trade can be while at the same time being fast, https://nxtforum.org/index.php?topic=8535.msg166751#msg166751 is a good discussion

Using NXT it is possible to setup the fastest decentralized trading, literally seconds and the trade is completed. Also, contrary to what anybody says InstantDEX is FULLY decentralized.

I even made a diagram: [InstantDEX] <-> (NXT assets) <-> MGW <-> native crypto

so you can see from the pretty picture above that InstantDEX is dealing purely with the NXT asset abstraction layer. Of course some assets are centralized, some are multisig backed crypto deposits, others are whatever thet are. InstantDEX is dealing with assets and NXT itself for now. Once this is solid then I will add more methods of trade matching