Re: [ANN][Blocknet] The internet of blockchains | XBridge | true cross-chain P2P
makes me wish i bought more
Me too! I guess hindsight is 20/20 though. Crazy pump going on now. It will be interesting to see if it can be sustained or not.
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).
Really?
Not looked at this before, can't you just send coins from an exchange into the Dex and vice versa? answer from the dev (schyncist) on this topic is that we will not have to download blockchains. Its part of the dev plans. Look:
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.