Quote from: nekonium on September 18, 2017, 10:32:16 AM

Quote from: jonnylatte on September 15, 2017, 06:36:57 AM

Hey guys. Just discovered your altcoin. I see there are no exchanges for it. Have you considered building a decentralised exchange for it rather than waiting for a centralised exchange? I can see a couple of ways to do it:

If you have a trusted individual or group you could deposit ETH (easiest to implement the logic for this) and in return get a signed piece of data that allows you to generate an IOU on nekonium that is an ERC20 token. You could then trade that using a copy of the contracts on ethereum that implement decentralised exchanges like maker market/oasisdex, etherdelta and crryptoderivatives then when the seller wants to get ETH they could burn the token to alert the trusted party to release the ETH to their address (minus some fee to reward them for running both a nekonium and ethereum node and providing the service) the trusted party would not have to perform any transactions in this way as all they do is create signed data allowing the ones withdrawing or claiming tokens to perform the on chain transaction.

The other alternative way to do it would be atomic cross chain transactions. You would have a contract on ethereum and nekonium that locks funds from one individual and releases them to another individual after a challenge period if they know the data that resolves to some value when hashed. Revealing another hash-data in the challenge period cancels the exchange. The same contract but addresses (and currency) would be on the other chain with a cancel on one chain allowing a cancel on the other. This would have to be designed more thoughtfully than a simple IOU but it would be trustless.

You could even do these exchanges between the other etehereum alts and eventually rootstock and try and build some network effect as a low cost hub for exchange between these systems.

For anyone excited about this idea with some programming experience I recommend checking out open zepplin: https://github.com/OpenZeppelin/zeppelin-solidity which is a repository of solidity contracts / patterns.

I also have my own library of example contracts: https://github.com/JonnyLatte/MiscSolidity

Thank you for the interesting things.
I will read it when I have time!

This is a great way to answer a community member! Nice!
I'l pass anyway...