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Author Topic: Atomic Swaps use cases  (Read 140 times)
fudster
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September 17, 2019, 04:23:38 PM
 #21


Atomic swaps is cool and all, but really way too slow to use on a DEX if you ask me. Depending on the coin pairs, it can take several minutes to exchange 2 coins using atomic swaps, and while it "seems" fast, it's not.
Imagine yourself as a day trader, wanting to trade on the ups and downs - Now imagine waiting up to 10 mins / trade. You'd run out of patience real quick, and would probably move your operation over to a centralized solution with INSTANT trading.

Now, let's imagine a DEX using Lightning to swap your coins? The benefits here is HUGE, since the trades is near instant, AND virtually feelees. So you save time, AND money.

Take a look at Stakenet - 3rd project to actually implement Lightning on mainnet (Next to BTC/LTC), and actually helped the LTC team integrating it on their chain.
Stakenet's Lightning DEX is soon ready for public testing, and it's probably the most promising DEX solution out there for PRO traders, who wants to stay anonymous as well, since the DEX doesn't need KYC, registrations, or anything else for that matter. You also don't need to sync with the DEX, as the DEX is run on masternodes keeping all the chains on their servers.

This is a true gem, however, do your own research guys Smiley

That's a good input right there that weidex team could look.  Weren't there projects which interoperability had been working already?

DEX has to really develop to its fullest this time and DEX has to take part in the process for the adoption of crypto.  If convenience has to be offered apart from this anonymity in exchanges, DEX has to offer it.
MikeyVeez
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September 17, 2019, 04:25:08 PM
 #22

Atomic swap is a great idea how to keep thousands of cryptocurrencies alive. I believe that in the future it will be so easy to use many cryptocurrencies at one time and you won't even know about it.

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bluntlee
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September 17, 2019, 04:33:00 PM
 #23

Give the public beta a try of atomicdex, Komodo has been the leader of atomic swaps and don't get enough credit.

https://atomicdex.io/
weidex (OP)
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September 18, 2019, 01:02:07 PM
 #24


Atomic swaps is cool and all, but really way too slow to use on a DEX if you ask me. Depending on the coin pairs, it can take several minutes to exchange 2 coins using atomic swaps, and while it "seems" fast, it's not.
Imagine yourself as a day trader, wanting to trade on the ups and downs - Now imagine waiting up to 10 mins / trade. You'd run out of patience real quick, and would probably move your operation over to a centralized solution with INSTANT trading.

Now, let's imagine a DEX using Lightning to swap your coins? The benefits here is HUGE, since the trades is near instant, AND virtually feelees. So you save time, AND money.

Take a look at Stakenet - 3rd project to actually implement Lightning on mainnet (Next to BTC/LTC), and actually helped the LTC team integrating it on their chain.
Stakenet's Lightning DEX is soon ready for public testing, and it's probably the most promising DEX solution out there for PRO traders, who wants to stay anonymous as well, since the DEX doesn't need KYC, registrations, or anything else for that matter. You also don't need to sync with the DEX, as the DEX is run on masternodes keeping all the chains on their servers.

This is a true gem, however, do your own research guys Smiley

That's a good input right there that weidex team could look.  Weren't there projects which interoperability had been working already?

DEX has to really develop to its fullest this time and DEX has to take part in the process for the adoption of crypto.  If convenience has to be offered apart from this anonymity in exchanges, DEX has to offer it.

We are putting great efforts in developing weiDex and soon we will release Atomic Swap dApp between different blockchains. Hope, it will provide both convenience and anonymity and everything else coming with the decentralization. And there will be no fee for the swaps.
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