Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains | XBridge | true cross-chain P2P
by
synechist
on 20/04/2017, 07:25:35 UTC
makes me wish i bought more



Now that I have a little bit more understanding of how the DEX works, I am not really that bullish on this project anymore. The way I understand it, it requires everyone to download the full blockchain of each coin they want to trade. How inconvenient... If that stays a requirement, then I'm not sure how big this can get (as far as volume/liquidity on the exchange).



Dan said he will be working to address this.

Yes, and there's no need to adopt a less decentralised architecture to achieve this.

We simply need to adopt Satoshi Nakomoto's SPV concept.

Practically, SPV nodes compiled into a multiwallet would be ideal.

And we'd not need to build a multiwallet ourselves; we'd just need to integrate to an existing one like Jaxx or Exodus.

That way, you could use our architecture in an identical way, without having to download entire blockchains.