Hey Tim... This one is for you. Thanks for the super heavy hype of XBridge to us. I memorized it to my memory lol

XBridge is termed as the decentralized exchange layer which connects blockchain assets via cross-chain atomic swaps. It was designed from the ground up to decentralize each of its components for the exchange process.

XBridge can be paired up with Blocknet's XRouter, a cross-chain interoperability protocol that allows applications to interface with blockchains on the TCP/IP networking layer. With XBridge and XRouter working together, any application can perform exchanges between any compatible and acceptable blockchains using a decentralized SPV implementation.

The entire process of exchanges between digital assets within XBridge is done in a trustless manner, involving the four components of an exchange, to wit:

Storage of Funds – The interaction of trading and exchanges together with the funds involved are done within each user's respective digital wallets.

Order Books – as provided by the Blocknet Protocol, orders are broadcasted directly peer-to-peer over the network. Currently, only support for public order books is available, but there are future plans to impose private orders and direct trading.

Order Matching – this also involves the peer-to-peer fair and transparent order of stakeholders.

Settlement – performed through the use of BIP65 CLTV atomic swap contracts.

XBridge also provides for its fees, which are divided into two elements; the Maker and the Taker Fee:

Maker Fee – transaction fee/s for the network of the asset being sold shall be applied on orders done with XBridge.

Taker Fee – a static fee of 0.015 BLOCK is charged at the time the order is taken from the XBridge. It shall be noted that the taker fee is still applicable even if the trade is canceled to minimize and discourage fraudulent transactions within the network. There is also a transaction fee for the network of the asset being sold.

Blocknet has also provided the non-exhaustive list of possible use cases that XBridge enables:

Decentralized Exchange – Such can be fairly practiced by users as XBridge manages the order placement, order books, settlement, and order matching.

Decentralized ShapeShift – Similar to the function and essence of the idea of a decentralized exchange, this allows the provision of competitive amounts given towards its users in the conduct of trading.

OTC Trading – XBridge is a reliable network where large amounts of assets can be exchanged and secured without fear of any damage or loss since control of funds are always in the hands of its users.

XBridge has recognized its critical role as the portal for cross-chain crypto exchanges in this day and age. Together with Blocknet's decentralized application, the Block DX, it functions on a larger scale, engaging into other different blockchain names and gradually accepts other crypto exchanges to achieve its goal to become the best user-friendly digital platform that maximizes interoperability between different blockchains...