To all the newcomers and new stakeholders of Qora who wish to learn what the recent fuss is all about, here is a quick rundown! ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
Qora is about have its very own
Decentralized Bitcoin Exchange, World's First!!
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
The decentralized Bitcoin Exchange will be based on CIYAM's implemention of ACCT (Atomic Cross-Chain Transfer) and AT technology (Automated Transaction) that was incorporated into Qora's core earlier last year.
In a nutshell, you can think of AT technology as a "processor" sitting in Qora's core that is capable of interpreting and executing machine language-like instructions in the Qora BlockChain. The possibilities are definitely endless with Automated Transaction: For instance, you can create a
Shapeshift-like Crypto exchanger that is fully automated and decentralized, or
a bot that will automatically pay out dividends without human intervention... and of course, the holy grail of all Cryptos: a decentralized Bitcoin Exchange based on ACCT!
Following is a short history of Qora Automated Transaction and World's First "Atomic Cross-Chain Transfer":
1. Automated Transaction (or AT for short) was incorporated into Qora's core by one of CIYAM devs, vbcs, last year. Since then, a few "use cases" have been developed by the devs: Qora/Burst decentralized exchange and the infinite loop!
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
2. The very first ACCT had already been conducted between Qora and BURST some time last year. Now, you can access the Qora Decentralized Exchange (only available for BURST/QORA for now) by going to the ACCT tab in the Qora client.
3. Ian had a major breakthrough earlier this year: as announced on his page, a Bitcoin ACCT (using CLTV) was successfully conducted earlier this year, and a "trade package" was successfully completed on March 18th.
As CIYAM has just said, we'll probably see a release by mid-year.
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
Also wanna take this opportunity to congratulate CIYAM team for the technological breakthrough and to my knowledge, the very first implementation of Bitcoin ACCT.
![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
Great job!