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Established in 2014, Mata. No. of pairs - 100+. Decentralized exchange.

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Testing Cryptocurrency Atomic Swaps With Barterdex

The method of atomic swap trading within the cryptocurrency space has become a hot subject, and a few software development teams have been working on this type of cross-chain technology. One group is Komodo, the creators of the decentralized exchange ‘Barterdex.’ The trading platform reveals a total of 90,663 successful atomic swaps have been executed using Barterdex, so decided to give the user interface and software a test. Also Read: Cobinhood Delists Six Tokens Susceptible to Pump and Dump, Limits Tether Pairs Test Driving the Komodo Platform Barterdex A few weeks ago in Mexico had a chance to see a walkthrough of an atomic swap between bitcoin cash and two other cryptocurrencies. A Komodo developer showed us the ropes of how to trade and how the platform’s decentralized order book works. When returning from Mexico decided to see how easy it was to use without any guidance so our readers can get an in-depth look at this technology. Barterdex stats on March 29, 2018. The Komodo project is a public blockchain with an associated token called KMD, and the team has also created a decentralized exchange platform called Barterdex. The open source software allows users to trade cryptocurrencies across multiple blockchain networks using a technique called atomic swaps. An atomic swap is a method of trading between two blockchain networks without relying on the use of a third party intermediary. The platform has a user-friendly interface but needs more liquidity across most trading pairs. Barterdex gives you a twelve-word seed phrase to get started. Peer-to-Peer Order Book What’s interesting about Barterdex is in contrast to other Dex protocols like the NXT and Bitshares competitors is that the platforms order books are peer-to-peer and decentralized. Komodo developers say the order book system is “analogue of a full relay node and a node that doesn’t relay.” All buys and sells are displayed for traders and updates are frequently propagated throughout the network. The Barterdex platform has a lot of cryptocurrencies to choose from alongside coins that are tethered to the SPV Electrum server.  There is a wide variety of cryptocurrencies to swap with, but some have a lot more volume than others and trading these coins will produce faster results if you are experimenting. When Barterdex app loads, users are given a twelve-word mnemonic phrase and asks you to copy the information like any other private wallet seed. After writing down the mnemonic phrase, users are greeted with a window that displays a portfolio data, and recently visited markets. There’s also a window for trade history, a debug menu, and a settings section where you can change the theme and language. A Successful BCH for KMD Swap In order to get started, you need to choose which currency you want to use to trade and which digital asset you want. You then need to deposit the coin to a smart address if to complete an atomic swap offer across the exchange’s network of peers. A full confirmation for the transaction is needed to see the deposit and get started using Barterdex. After the deposit confirms you can then select which currency you want to buy with the cryptocurrency you just added. To find some markets with good volume, you can peruse through a lot of well-known coins to offer a trade or look for peers by populating the list of offers. After roughly 30 minutes of testing the platform and waiting for a trade to execute the coins had finally swapped. Given the fact that one of the Komodo developers gave us some instructions it helped make the process run a touch more smoothly. Otherwise, it’s good to have some knowledge on how to use any cryptocurrency exchange and understand a basic order book process. More Traders Needed Much like Bisq, and the new Bittorrent application Joystream, the Barterdex platform needs more active traders. Most of the waiting is due to figuring out which coins have better liquidity, and waiting for a trade to be accepted across the network. The platform definitely works, the interface is sharp and charts are updated regularly. The use of decentralized exchanges is still light across the board, and this factor is the case for all of the trading platforms that enable cryptocurrency swaps without a third party. It’s safe to say it’s going to take some time for traders to leave centralized exchanges for platforms like these. Have you tried the Barterdex exchange? Let us know what you think about this trading platform in the comments below.   Images via Barterdex, Shutterstock, and Jamie Redman. At all comments containing links are automatically held up for moderation in the Disqus system. That means an editor has to take a look at the comment to approve it. This is due to the many, repetitive, spam and scam links people post under our articles. We do not censor any comment content based on politics or personal opinions. So, please be patient. Your comment will be published.   The post Testing Cryptocurrency Atomic Swaps With Barterdex appeared first on Bitcoin News.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) Grayscale Tweet Grayscale BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 Nasdaq Tweet -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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