This article was first published on Komodo
This series of posts is called the Tech Tuesday Updates. Along with AMA Mondays on Komodo’s subreddit and the Five Bullet Fridays weekly newsletter, Tech Tuesday Updates will be another weekly piece of content to look forward to.
In case you’ve missed a previous edition and want to catch up, you can find all the previous Tech Tuesday updates here.
DEX: peer to peer order books and the “first atomic swap”
Komodo has one of the longest histories in atomic swap development with lead developer jl777 having exchanges with Tier Nolan who is credited as having discovered the initial design of cross chain trading protocol. This is very different to the on-chain DEX “atomicity” described in many of the current products based on a single blockchain, not cross blockchain.
In previous Tech Tuesdays we have given updates on the marketmaker v2 development leveraging peer to peer libbittorrent-DHT technology for better NAT performance. Marketmaker v1 had decentralized order books. Even these could have conceivable been used for oraclizing into KV storage as a rudimentary oracle. However, Komodo has real Oracles Crypto Conditions (CC explained here and developer crypto conditions info here) to save different data (text, files, binary, etc. see below the proof of certifications) which are the topic of discussion on discord and calls.
This week, Komodo CTO tweeted about mobile phone atomic swap DEX testing for both maker and taker (bob & alice, seller & buyer).
A post of the first automated atomic swap, not the infamous “charlie swap” declared by many as the first atomic swap, by Litecoin Charlie Lee. These had already been done many times in the 2017 Komodo slack, and years earlier as proof of concept before coding the automation of cross chain trading by UTXO atomicity.
I have chat logs ...
To keep reading, please go to the original article at: