Swaps.org: Igniting a New Era in Cross-Chain Crypto Trading
In the ever-evolving world of cryptocurrency, an old adage on the power of control over trust rings particularly true: “Not your keys, Not your Crypto” Embodying this principle, the BitcoinAtom team welcomes cryptocurrency traders to the 2024 year with the introduction of Swaps.org, a robust Atomic Swap DEX and multi-chain self-custodial wallet for non-wrapped cryptocurrencies, supporting BTC, XMR, BCA, ETH, ERC-20 (such as DAI, USDC, USDT, etc), and other cryptocurrencies on their native blockchains (not their wrapped alter egos). Tailored for those who prioritize security and versatility in their crypto trading, Swaps.org brings several features of CEX (e.g. matching at your limit with multiple parties, and using native blockchains instead of wrapped coins) but is a fully noncustodial DEX.
As an example, Swaps allows you to trade XMR for BTC across their native chains in a non-custodial fashion (where only you can access the private keys).
Key Features of Swaps.org:
❖ Trustless Environment: The currency of trust is not spent here. You have full autonomy over your coins and you don’t need to trust the platform or your trading counterparts.
❖ Diverse Blockchain Support: Swaps.org enables trading across a myriad of crypto assets, including Bitcoin, Monero, Bitcoin Atom, ERC-20 coins (such as USDC, USDT, and DAI stablecoins), and Ethereum.
❖ Trading & Swaps: User-friendly order books for each pair, akin to exchanges like Binance and Coinbase.
❖ Order Flexibility: Offers both Fixed and Floating orders.
❖ Automated Lot Matching: This feature ensures an efficient and seamless trading experience.
❖ Revolutionary Order Book: Provides enhanced visualizations for informed trading decisions.
❖ HTLC Contracts for Enhanced Security: Used in BTC-ETH/ERC-20 swaps.
❖ Adaptor Signatures and DLEQ: Utilized in XMR-BTC and XMR-ETH/ERC-20 swaps for additional security.
❖ Fully Automated Swaps: Facilitates end-to-end automation for hassle-free transactions.
❖ Contract Validation and Refund Mechanisms: Guarantees reliability and safety in all trades.
❖ Consistency in Transaction Races: Employs a robust protocol for uninterrupted trading.
The Significance of DLEQ Proofs in Swaps.org
One of the major features behind Swaps.org’s functionality is the Discrete Logarithm Equality Proofs (DLEQ). Apart from its known function in enabling seamless interchange between non-smart contract cryptocurrencies and those with smart contract capabilities (like Ethereum and ERC-20 coins), DLEQ proofs function by allowing a party, known as the prover, to demonstrate their knowledge of a secret, such as a private key or a specific transaction detail, without actually revealing the secret itself. This is achieved through advanced cryptographic techniques involving elliptic curves.
To stay updated, check out our official Telegram channel, and install the Swaps.org from Swaps.org (Windows/Linux).
Important: Prior to updating to the latest version of Swaps, all active swaps need to be completed.
