From slack: Lots of debugging still going on; new builds a few times a day on the whole. I see a few trades happened since I ran the wallet yesterday though. No idea who was trading though (and isn't it exciting that one can't tell!)  Wow. This is so unbelievably cool. Note that this isn't the trading UI. It's just a quick wallet integration. |
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From slack: Lots of debugging still going on; new builds a few times a day on the whole. I see a few trades happened since I ran the wallet yesterday though. No idea who was trading though (and isn't it exciting that one can't tell!) |
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If the BTC / SYS exchange works as expected, how much longer would it take to integrate ETH? Is the code abstracted to allow that kind of addition to be quick?
A while back we built and started testing an Ethereum integration. Then the DAO imploded and impressed upon the world the difficulties of producing secure code in a Turing-complete language. A decentralised needs to be trustless and pretty much bulletproof, so we paused things as we lacked a way of proving that the contract was secure. And then 0X launched, much to my excitement. I'm hoping that we can leverage their protocol and standards-based approach to deliver something very satisfying. There's no timeframe for this at present though. |
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Criteria that I believe define decentralised exchange:
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besides DEX are there any other usecases of blocknet?
We're core infrastructure for the token ecosystem. If you want to know more about that, check out my previous three posts in which I've pasted screenshots of tweets. So if I understand well Lisk and Eth Dapps can use Blocknet platform to communicate with other chains? Yes, that is the intent. As of today, public testing is between wallets based on Core with stock JSON RPC interfaces. |
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besides DEX are there any other usecases of blocknet?
We're core infrastructure for the token ecosystem. If you want to know more about that, check out my previous three posts in which I've pasted screenshots of tweets. |
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Something that's around the corner: "protocol tokens"Thanks to the folks at 0X for writing such great stuff on the topic. These tweets embody why I think that the Blocknet is poised to optimise the potential of protocol tokens, and to provide the foundation for the emerging "token ecosystem". 
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Hi,
Can someone explain to me in simple bullet points how the decentralized exchange works?
1. Create an order in your wallet 2. XBridge relays it over our DHT network overlay to nodes on any chain 3. People's apps add your order to the order book 4. Someone accepts your order 5. Atomic coin exchange takes place (This is completely trustless, utilising OP_CHECKLOCKTIMEVERIFY) I would like to add it to my thread (The DEX Thread). Actually, I already have added it, but I would like to elaborate on it there. I could not find a whitepaper. As for weaknesses, I'd say that, from a trader's perspective, a weakness is that we can't support scalping and other fast-in-fast-out trading techniques without inducing risk. (We could, for example, build a slider that enables traders to accept orders from contracts with less than the "safe" number of confirmations. This would basically function as a filter on the order book, enabling "instant" trades in exchange for increased double-spend risk. Best used on small position sizes.) Note: the Blocknet isn't just a decentralised exchange. That's just what we're bringing out currently. The Blocknet is infrastructure for the inter-chain era and the emerging "token ecosystem." We aim to provide monetised service-delivery from nodes on any chain to dapps on any other one. In this context, the decentralised exchange is our service-monetisation mechanism, and if we are successful, the exchange will be used mostly by machines. |
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Some more soundbites:
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Anyone wondering about the space in which the inter-chain era, the token ecosystem, and an "internet of blockchains" exist, this sheds a little light:
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Quick reply! Its really great to see the devs responding and being open to ideas like this from the community.
I actually asked your question a couple of weeks ago too, regarding not having to download the blockchains to use the exchange. Apparently it is doable and will happen further down the line.  To actually use the exchange without downloading blockchains will require integration to SPV clients on as many chains as available. That's definitely a feature we need, and the sooner the better. Would SPV integration be down to each coin to implement rather than blocknet? I guess it's down to whoever's interested. App devs, coin projects, the Blocknet... as I see it, a lot of people are gonna want to be building APIs - or doing API integrations - to create inter-chain interoperability. :-) |
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Quick reply! Its really great to see the devs responding and being open to ideas like this from the community.
I actually asked your question a couple of weeks ago too, regarding not having to download the blockchains to use the exchange. Apparently it is doable and will happen further down the line. To actually use the exchange without downloading blockchains will require integration to SPV clients on as many chains as available. That's definitely a feature we need, and the sooner the better. |
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Wait I'm confused...so you DO have to run a node for each coin you want to trade? If so then that brings me back to my first question. Is there a site where someone can go just to check the DX's orderbook without running all the nodes? Like, does the blocknet team or a community member have a system that IS running a full DX with all the nodes (or at least the most popular ones like BTC, ETH, and XMR) and sending the info to a public website? (Even if it's just the orderbook in simple text form with no transaction history)
Aha. I see what you're getting to. Nobody's done that yet, but it seems like a pretty simple piece of tech. Nice idea too. Perhaps suggest it in Slack? |
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I might want to try the DX but before I go to the trouble of clearing 110GB to run a full Bitcoin node I'd like to look at the order books. Is there a link where I can check that out? I don't care if the info comes from a centralized server as long as it's accurate.
We're still pre-UI, which means that the order book is currently on a tab in the Blocknet wallet. To see orders, you configure the wallets of your trading pair to connect via JSON RPC to XBridge. Orders then populate the tab. It's just an extremely simple list of offers, listing the buy currency, the sell currency, and the amount.  |
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Ok, I've finally nailed down a silly RPC config issue, which means tomorrow I'll be ready to test!
Who wants to trade BTC for SYS?
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We'll see whether we can capture some videos (or at the very least, screenshots) of decentralised exchange transactions.
Any suggestions as to software that does video screen captures well?
What is progress of this latest testing waiting to see some exiting videos of this amazing achievement. We need some awesome news at this stage to get more attention from the people who believe in bright future. Minor update: a Linux build is being verified now. atcsecure [2:39 PM]
@here the cross build issues are resolved, I’m going through verification now |
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We'll see whether we can capture some videos (or at the very least, screenshots) of decentralised exchange transactions.
Any suggestions as to software that does video screen captures well?
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