Re: Atomic swap? Objection: I don't think it means decentralized coin exchange.
We are hearing a lot about atomic swap (= cross chain transaction processing), specially in the past few weeks.
From a theoretical point of view, I can confirm it is a good start for solving the most important problem in the crypto world nowadays: the need for a decentralized exchange, but I doubt it can be considered a solution or we are close enough.
My biggest concern is scalability, obviously, but there is other challenges as well. I was just wondering if anybody has been studying the subject before and can share her/his ideas with me?
Actually I have been through a very bad experience with a centralized exchange (Bittrex) lately and it has escalated my old anti-centralization sensitivities and allergies about exchanges
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So, I'm here now, determined to participate more actively (by means of coding, investing, whatever) in shutting the doors of these scammy businesses (bittrex, poloniex, ..., f*ex ) forever and I have a couple of lines of codes, some coins and a few ideas to share.
not bad for a fresh start in a forum, but on the contrary you are complicating a trivial concept to the point of over-complication IMO.From a theoretical point of view, I can confirm it is a good start for solving the most important problem in the crypto world nowadays: the need for a decentralized exchange, but I doubt it can be considered a solution or we are close enough.
My biggest concern is scalability, obviously, but there is other challenges as well. I was just wondering if anybody has been studying the subject before and can share her/his ideas with me?
Actually I have been through a very bad experience with a centralized exchange (Bittrex) lately and it has escalated my old anti-centralization sensitivities and allergies about exchanges
. So, I'm here now, determined to participate more actively (by means of coding, investing, whatever) in shutting the doors of these scammy businesses (bittrex, poloniex, ..., f*ex ) forever and I have a couple of lines of codes, some coins and a few ideas to share.
You are just suggesting it (a payment channel in LN terminology) is not a 'buffer' because it has an expiration date, right? But I think buffers can have a auto-flush feature triggered by a clock (block height in a chain, for instance) and they are still nothing more than a buffer.