Post
Topic
Board Speculation (Altcoins)
Topic OP
Instant Decentralized Atomic Swaps Like Uniswap - Pretty Interesting
by
Wh00re
on 07/09/2020, 12:49:01 UTC
For anyone who doesn't know, Uniswap has been getting a LOT of hate and frustration lately because of it's dependencies from the ETH network which at this point is very congested and unusable in terms of gas fees beeing insanely high.
We've seen the same with the BTC network, the fees are sometimes through the roof.

Many bandaid solutions have been made, such as wrapped BTC, and Wrapped ETH (wBTC - wETH).

But what if you could trade BTC and ETH INSTANTLY, and with next to 0 fees?

Stakenet is working on a second layer solution, actually working directly with the Lightning Network team, as well as the Raiden Network team to make this possible.

Below is a simple swap feature from their multi currency wallet, which makes you trade instantly, without you even knowing you're using the Lightning Network.

https://i.imgur.com/JvepZIB.png

Their DEX works wonders as well, but most of us are still waiting for ETH and all it's tokens to be added, which will make the DEX extremely powerful, as it will allow anyone to trade ETH and all it's tokens instantly.

Think of it like Uniswap, but without the high fees, and transaction times. Wink