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Showing 11 of 11 results by tima_t
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Topic
Board Service Discussion (Altcoins)
Re: FINALLY- we can now exchange coins between different blockchains (ETH,BTC,TRX)
by
tima_t
on 19/11/2019, 09:37:56 UTC
How does your solution compare to other HTLC atomic swap decentralized exchanges, such as:

BlockDX (https://blocknet.co/block-dx/)
AtomicDex (https://atomicdex.io/)
NebliDex (https://www.neblidex.xyz/)

What I have found is that centralized gateways (such as website domains)  for decentralized exchanges are vulnerable to DNS hijacking attempts or forced takedown. How do you safeguard against this?

BlockDX supports only Bitcoin like blockchains - No ETH, TRX or EOS.
AtomicDex looks promising- it is still in beta like we are. It is not very clear how does it works, but they are using Komodo which is similar concept to Jelly HTLC approach.
NebliDex - the site looks a little bit out of date. I am not sure how does it work, but it required to download an app and to have .Net 4.5 at least, which is not cool.

We strive to make the service as simple and efficient as possible.

Now we have web version, but everyone can download the code and run it locally, 2nd we will release desktop/mobile version which everyone can run on his own machine.
Post
Topic
Board Altcoin Discussion
Re: FINALLY- we can now exchange coins between different blockchains
by
tima_t
on 18/11/2019, 15:22:05 UTC
Atomic swaps are a necessity within the cryptocurrency space.  I took a look at the ETH-TRON swap page and I must say I like the way it looks: neat and easy to use.  Since it's just blockchains interacting,  will Jelly charge for facilitating transactions or how does it intend to be profitable?

As one of the liquidity providers Jelly can put some small spreads.
However everyone can be liquidity provider so this is not a reliable business model.
The main income stream will be from swap fees. It will be on protocol layer (smart contracts) - the fee will be 0.03% or less and will be divided between the Jelly foundation and liquidity providers.
Post
Topic
Board Service Discussion (Altcoins)
Re: FINALLY- we can now exchange coins between different blockchains (ETH,BTC,TRX)
by
tima_t
on 12/11/2019, 15:27:09 UTC
Your website supports withdrawal now or only after 20th now when website is officially launched? Seems like a user having issues with withdrawal of swapped TRX.
i just try your website and i want to exchange my eth on ropsten network but i can't withdraw the trx
can you make a video about how your website works? so it will be easy to understand


don't forget that my transaction is not from the real chain it's on testnet server.
as you can see this post

Jelly will be officially launched on the testnet on the 20th of November 2019. You will be able to swap ETH, BTC and TRX (until Nov 20th only ETH and TRX swaps available - you can try them even now). They soon will be followed by EOS, NEO and Aeternity.

i already try 2 transactions for eth-trx but when my eth deposit is working but for trx withdrawal is not working

I think that later tonight you can test again.
We are upgrading some of the logic and doing internal tests.

Last but not least, you can try the refund functionality.
After a few hour you should be able to refund your locked funds, if the withdraw is not available.

If someone wants to try the system or to receive some test tokens, you can approach us in discord:
https://discordapp.com/invite/C9mYrWM
Post
Topic
Board Service Discussion (Altcoins)
Re: FINALLY- we can now exchange coins between different blockchains (ETH,BTC,TRX)
by
tima_t
on 12/11/2019, 09:55:24 UTC
Ia your project open source? Can people audit the source code?

Atomic swaps are really something we need, but there is none so far.

Changelly shapeshift etc are just exchanges where someone or some script swap coins for you. A true atomic swap should be done using smartcontracts, open and auditable, without any central authority who could interfere in the transaction.

Talking about these decentralized exchanges what do you guys think of this: https://dex.wavesplatform.com

Is this what we are looking for or this something else that they are not saying. There are some more which I need to find and if I manage the links then I will paste them here.

Edit:
Here are some more:
https://bisq.network/
https://openledger.io/
https://crypto-bridge.org/


As far as I know, most of these work on top of bitshares.
So it is a separate blockchain and tokens are backed by real assets.

In our case you send e.g. swap ETH for BTC on both networks.
You receive BTC directly in your wallet, not representation of BTC on some other network, that you have to move to real BTC.
Post
Topic
Board Service Discussion (Altcoins)
Re: FINALLY- we can now exchange coins between different blockchains (ETH,BTC,TRX)
by
tima_t
on 12/11/2019, 09:34:16 UTC
~snip~
It is different changelly is centralized service, this one is dcentralized and trustless.
This is interesting. How did you do that. I mean a little technical aspect will help me to understand and may be for the visitors too.

There are smart hash time locked contracts/ Bitcoin Script for every supported network.
So the swaps are happening on-chain.
For the end user is just a one-click, packed in beautiful and simple UI which is connected to all smart contracts.

Check more here:
https://jelly.market/documents/Jelly-Swap-Ecosystem.pdf
Post
Topic
Board Service Discussion (Altcoins)
Re: FINALLY- we can now exchange coins between different blockchains (ETH,BTC,TRX)
by
tima_t
on 12/11/2019, 09:16:40 UTC
Hey there, you have an interesting project here however I'm bothered by this;
Just connect your wallets, set the desired amount, hit the Swap button and wait for Jelly to do all the work, then withdraw.
Obviously, linking the wallets to decentralized exchange site could be risky for user since it could be vulnerable when someone hack your site or have some bugs.

By the way, is your project is still on beta? I saw only eth and tron is currently available for swapping.

Yes it is still beta, we will release the testnet version on 20th Nov.

However, even now you can swap on the testnet.
We can send some test ETH and test TRX
Post
Topic
Board Service Discussion (Altcoins)
Re: FINALLY- we can now exchange coins between different blockchains (ETH,BTC,TRX)
by
tima_t
on 12/11/2019, 08:48:19 UTC
I've been hearing about it before and it made me interested of looking after it. And I guess there should be people who has more technical knowledge about this to try it out.

I noticed that the title table of your website says 'Jelly.io' while the website itself is 'jelly.market'.
Thank you, we will fix it today or tomorrow!
Post
Topic
Board Altcoin Discussion
Re: FINALLY- we can now exchange coins between different blockchains
by
tima_t
on 12/11/2019, 08:07:15 UTC
I thought I was seeing a lot of shits flying around in your website. It took me a few seconds to realize that they're supposed to be jellies  Cheesy


We start with Bitcoin, Ethereum and Tron.
I only see Eth and Trx as options, there's no Bitcoin as you mentioned.
Can you also explain to us how your service is different than what Changelly is already offering?

I would like to ask also if we can connect wallet at the same time? Metamask for Eth and Tronlink for Trx for example.



I was about to mention changelly and even shape-shifting. Because thats kind of the services being offered by enjin or imToken2.0. So i dont think the OPs idea is unique perhaps its offered in a different way. I have seen some other swap projects like swapzilla springing up to offer same services too
Well he just elaborate this matter right up there and he is saying that this service didnt involve third parties which basically means that it’s a trustless service. As I can grasp from the explanation it is basically a p2p exchange with extra steps(Huh) because transaction will be executed when the required amount meet its criteria for each side while shapeshift is basically an exchange but a lot more simpler just for temporary exchange or urgent matters. Sounds interesting actually if it works just like what I grasped. What baffles me is the availability of the liquidity provider? Is the liquidity provided by the exchange or rely on an individual?

In the beginning we will be the liquidity provider.
Then we will involve group of trusted LPs.
Then anyone with personal computer can be a LP.

How does this work?

1 There is a nodejs script, it is connected with js rpc library to all of the supported blockchains.
2 The LP run this script on his own machine - configure for a given pair, add his wallet and start the script.
3 When someone locks funds and the receiver is the LP => liquidity provider locks funds as well
4 The swap is finalized

The whole process is trustless and depends on blockchain events - cannot be corrupted.

The taker/ user, do not care about these liquidity providers.
He has a pool of them and has instant liquidity.
When he/she wants to swap - the best rate is selected and he/she just clicks swap.

You can read more here:
https://jelly.market/documents/Jelly-Swap-Ecosystem.pdf
Post
Topic
Board Altcoin Discussion
Re: FINALLY- we can now exchange coins between different blockchains
by
tima_t
on 12/11/2019, 07:59:45 UTC
Hey guys,

We are working on a new dApp which will help you exchange coins between different blockchains. Finally, we made a real implementation of cross-chain atomic swaps and it is working. We start with Bitcoin, Ethereum and Tron. Soon also EOS, NEO, Aeternity. We are determined to solve the interoperability problems between the different blockchains. It's high time to really start using crypto!

We launch on Nov 20th on the testnet.
If you want, you can write down your ETH address and we will send you some testnet tokens to try swap with the dApp.
Feedback is highly appreciated!

https://jelly.market/
What is this? can i send bitcoin to dapps address for another coin or what are you saying? i can insta swap using changelly or shapeshift, i don't understand what you are aiming at

We are aiming to build decentralized shapeshift/changelly.
And yes it will be possible to lend BTC directly in compound in 1 click.
1 Your BTC will be converted to DAI
2 Your DAI will be lended in compound
3 You start earning interest

4 When you decide, you can withdraw your funds.
Post
Topic
Board Bitcoin Discussion
Re: Hacked Cryptocurrency Exchange Cryptopia Goes Into Liquidation
by
tima_t
on 17/05/2019, 13:26:01 UTC
1 by 1 they will all go down till people open their eyes and start seeking for security. What do you think? And are DEXes going to be more usable exchanges instead of CEXes in the near future?

I hope so Smiley
With the development of blockchain technology we will see much faster, secure and user friendly DEXes Wink
Post
Topic
Board Altcoin Discussion
Re: ETH vs BTC
by
tima_t
on 17/05/2019, 13:00:42 UTC
Another question that has been asked before for so many times.

Can we just admit it that ethereum will never outperform, dethrone and replace the king, bitcoin? IMO, it is pointless to discuss with this kind of topic anymore.

They just have different purpose.
BTC is store of value - gold 2.0
ETH is decentralized development platform - world computer with no censorship!