Send LTC, Receive BTC. The first cross-chain atomic swap between BTC and LTC was performed!
What should be one of the news, in my opinion, more important in the world of crypto-currencies right now, is really going more than unnoticed.
The first cross-chain atomic swap between BTC and LTC has just been made.
On September 19, the first cross-chain atomic swap was made between Litecoin and Decred. The link will take you to a publication where you can learn more about this technology. But basically what happened yesterday will allow that wherever Bitcoin is accepted as payment you can also use Litecoin to pay. A truly decentralized exchange without the need for an intermediary.
You send Litecoins and the other part will receive Bitcoins.
Credit
Here are the links to the transactions made. Is incredible!
- https://insight.litecore.io/address/ML9CNJBtSPMABYcCQV58P2t4M7MpPRJK95
- https://insight.bitpay.com/address/3HRWsfjpBHiJ7hC3jKJV5nbHMeBgoCPHDq
But of course, it is more important to spend time and money chasing surealists ICOs of ghost projects that are not going to get anywhere.
The world of crypto-currencies sometimes disappoint me a lot.
This seems really exciting to see. Glad Litecoin is really pushing along with cool features.
But i'm curious, Is there any links or post about what's going on here or how it's doing this without an intermediary? Also kinda curious on Specifics (i.e., Tx Fees, Exchange Rate?)
Speewave is a nigger.
I left a link in the post about it ... I know what is explained there, not more. https://blog.decred.org/2017/09/20/On-Chain-Atomic-Swaps/
As far as I know you must pay 2 fees, one for each coin, when you do the swap and is not intended to be a replace of the market and the exchange rato you talk with the other part and get in an agreement.
But here there is more technical explanation https://github.com/decred/atomicswap/
it's sorcery, be careful. Hehehehe
hahaha but a good sorcery ;)
Where would be the based of the exchange rate of this crosschain swap?
As far as I understand u talk and get agree with the other part about price before. More info here https://blog.decred.org/2017/09/20/On-Chain-Atomic-Swaps/
There is more technical explanation https://github.com/decred/atomicswap/
This is the week of atomic swaps - first DCR/LTC and now LTC/BTC.
Actually it is the week of the LTC to other coins swaps - It si all coming from Charlie Lee 😉 @kondor1030
LTC FTW :)
hahaha yes!!!!
I also read about a Vertcoin atomic swap with Litecoin. Do you think that Vertcoin is a coin with a future?
Honestly I do not know, I know Vertcoin since it came up but... LTC is what is getting my attention lately
truely the most important event in crypto since it's inception! this is a revolutionary shift.
Think the same @lost.identity! Hope more people realize that.
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