COMIT Network makes Monero / Bitcoin atomic swaps available on mainnet

2021-5-29 04:58

COMIT Network, an open protocol facilitating ‘trustless’ cross-blockchain applications, has announced that peer-to-peer atomic swaps between Monero (XMR) and Bitcoin (BTC) are now available on mainnet. This allows users to trade XMR for BTC without needing to trust an intermediary or the trading counterparty. Users can more easily trade without using a regulated financial institution.

The Monero cryptocurrency is best-known for its private and fungible properties. Unlike other cryptocurrencies, Monero hides the sender, receiver, and amount for all transactions. This allows its privacy protections to grow to cover more transactions than are involved in Bitcoin mixing, Ethereum mixing; and all other “privacy coins” combined.

Atomic swaps are now live on COMIT Network, however, other similar projects are in development by other teams including: The Farcaster project raised 2727 XMR (worth $650,000 today) to build out a similar trustless atomic swaps implementation. Haveno, a Monero-focused fork of Bisq, is implementing atomic swaps for their XMR/BTC trading pair. Relatedly, cross-chain bridges have been announced for Secret Network and Thorchain, which will allow for easy trading with Ethereum and Binance Smart Chain tokens.

Limited trading venues despite surging retail user demand for private and fungible money have created a strong demand for these decentralized exchanges. There are more than double as many average daily Monero transactions as there were a year ago.

“The decentralized Monero exchange technology is here, so now it’s a race for wallets to provide the best user experience,” says Justin Ehrenhofer, an organizer of Monero Space, a workgroup that provides services for the Monero ecosystem. “With such high user demand for easy and private peer-to-peer exchanges; it’s only a matter of time before wallets widely implement them.”

A few popular Bitcoin and Monero wallets have exhibited an interest in supporting atomic swaps. Samourai Wallet and Monerujo performed a test swap earlier this month; plus Cake Wallet has also expressed enthusiasm in supporting atomic swaps.

The post COMIT Network makes Monero / Bitcoin atomic swaps available on mainnet appeared first on CryptoNinjas.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Santiment Network Token (SAN) на Currencies.ru

$ 0.0865709 (-0.22%)
Объем 24H $210
Изменеия 24h: 9.95 %, 7d: 19.49 %
Cегодня L: $0.0865709 - H: $0.0865709
Капитализация $0 Rank 5672
Цена в час новости $ 0.1272 (-31.94%)

swaps available comit atomic mainnet network bitcoin

Источник: cryptoninjas.net

swaps available → Результатов: 28


Blockchain Company Komodo Launches DEX for Dogecoin (DOGE) Swaps

Parody cryptocurrency Dogecoin seems to be gaining wide adoption as the crypto market surges. Atomic Swaps Available On DogeDEX In an announcement made on Wednesday, blockchain as a service (BaaS) solutions provider Komodo said its Doge decentralized exchange (DogeDEX) platform launched March 1 and has been received enthusiastically by Doge enthusiasts.

2021-3-12 20:12


OKEx Adds ETH Dashboard on skewAnalytics

OKEx, the popular crypto spot and derivatives exchange has taken another step towards further enhancing the platform’s transparency by making Ether trading data available on skew. Having partnered with skew earlier this year to launch its own dedicated skewAnalytics dashboard, the platform is now offering market data including trading volumes of ETH futures, perpetual swaps […]

2020-10-13 16:12


Вышла бета-версия кошелька Electrum с поддержкой Lightning Network

Оператор популярного биткоин-кошелька Electrum выложил бета-версию релиза 4. 0 с поддержкой протокола Lightning Network (LN). A beta version of Electrum 4. 0 is available for testing now. Main features: PSBT, Lightning, Watchtowers, Submarine swaps.

2020-6-27 20:08


Turnkey Decentralized Exchange Apollo Launches Beta Platform for Fully Private Transactions and Atomic Swaps

Apollo, the all-in-one cryptocurrency that comprehensively meets every currency need ever imagined by users, has now made available its decentralized exchange (DEX) for public use. Launched in beta, the Apollo DEX now compliments the full-feature blockchain that offers an entire range of token generation services, while guaranteeing that transactions are 100% private.

2019-11-7 19:15


Somewhat-forgotten Qtum mainnet introduces Bitcoin atomic swaps

Somewhat-forgotten “Ethereum killer” Qtum has roared back into the spotlight with the news that Bitcoin (BTC) atomic swaps are now available on the platform’s mainnet. The news were shared via a blog post made on the project’s official Medium account, revealing that Qtum users are now able to perform cross-chain swaps of cryptocurrencies with the […] The post Somewhat-forgotten Qtum mainnet introduces Bitcoin atomic swaps appeared first on CaptainAltcoin.

2019-1-11 08:28


OKEx Exchange Launches Ethereum (ETH) Based Perpetual Swaps for Crypto Traders

It has been an interesting and, albeit belated Christmas for cryptocurrencies. An example of this includes OKEx, the cryptocurrency trading platform based in Hong Kong. The company has made it public that perpetual swaps of Ethereum (ETH) will be readily available on its platform as of December 26th (Boxing Day). This sequence of announcements were […]

2018-12-29 23:48


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft, a South Korea-based IT/software company, has just announced the launch of ACE, their new SaaS product designed for cryptocurrency exchanges. ACE fully prepares businesses for exchange operations quickly, taking less than a month to get up and running.

Crypto traders can mitigate risk with PODS’ FUD Vault – now live on mainnet

The team of Pods recently announced the mainnet launch of its 3rd strategy on Pods Yield: FUD Vault, which now complements ETHphoria and stETHvv. FUD Vault provides a way for users to benefit from market downturns by offering a mechanism to hedge against significant price drops in ETH while preserving the deposited principal.

What is DeFi Returns? A new way of DeFi Investing

DeFi Returns brings comprehensive up-to-date information on DeFi strategies and protocols, to easily compare and analyze their performance. Getting the most reliable data source for historical yield on DeFi, to help users make informed decisions when investing in the ecosystem.

Crypto securitization platform GenTwo links to all Coinbase assets

GenTwo Digital, the crypto-asset securitization platform based out of Crypto Valley in Zug, Switzerland, today announced a partnership with Coinbase, the publicly-listed cryptocurrency platform. This new partnership for GenTwo Digital allows all Coinbase crypto assets to be wrapped in bankable financial investment products and enables financial intermediaries to issue certificates such AMCs (Actively Management Certificates).