So Ethergem provides a Decentralized exchange, thats is truly decentralized, Where I can keep all my crypto on the same address and private key, and in this wallet with Egem Sapphire, i will be able to send BTC (and everthing else?) in 5 seconds through Quantum Swaps? Is it really sending for example Bitcoin, on Bitcoins Blockchain or is it just like a wrapped BTC ?
Trying to get a better understanding.
thanks , cheers.
Hi, it is doing multiple things and yes to the above, but you mention three different functionalities.
1) Where I can keep all my crypto on the same address and private key, and in this wallet with Egem SapphireEgem and Sapphire are two blockchains that are intertwined in a way although EGEM in independent and we place dependencies on sapphire related to egem for future functionality and to share comon resources. One of those common resources is the wallet format which is borrowed from Ethereum anyway - so the cryptography and functions behind an ethereum wallet. This means an EEGEM address works on both blockchains. Additionally we use some functions to derive BTC and other chain addresses from the Ethereum private key so that you can use it on multiple chains in this way - this is just using baked in functionality on an ethereum chain (EGEM chain) and releasing it in the mobile wallet.
You can see our mobile wallet history and the multi currency function at our youtube channel and if you go back a bit there are videos where we send LTC and BTC from an EGEM address there is also sapphire and other token coin transfers on there... I love this wallet for a reason!
https://www.youtube.com/c/egemofficial2) Sapphire is also multi currency chain in that you can have SFRX or other coins associated to your wallet - on Ethereum this concept is with tokens, but on Sapphire it is actual coins. There is, of course SFRX, but there is also other coins that can be natively released or "quantumn swapped" into from another chain and so they are representations of coins on other chains. 3) 5 second bitcoin is easier eplained in my post here https://bitcointalk.org/index.php?topic=5063954.msg55088349#msg55088349It is transfer of ownership of native coins.
So this is the three things we are bringing together on Sapphire chain and remember we are still in development of sapphire. I have made public posts when I achive each concept in principle and we are getting closer to fielding a live chain every day. However, it is not live yet. Anyway feel free to stop by discord.egem.io for more conversation on this topice.