Minexcoin Development Update: MNX/LTC Atomic Swap
Get acquainted with the results of successfully atomic tests between Litecoin and Minexcoin blockchains.
Hello, dear community! Our team continues to moving forward towards our trustless-exchanger. Step by step researching Atomic Swap abilities, today we are pleased to present you a new pair available for cross-chain exchange. It’s LTC/MNX.
As you remember, more recently we showed you the exchange process between Bitcoin and Minexcoin and presented the alpha-version GUI for our future product. Similar to BTC/MNX pair, the Atomic swap with Litecoin uses blockchains in Testnet modes. Coins in Testnet does not have any value and allow developers or testers to test new technologies without worrying about breaking the main chain or risk their assets.
To conduct MNX/LTC cross-chain exchange we’ve expanded the functionality of our framework, so you can also test it. To do it, just use the solution on our official GitHub at this link.
So far, the LTC/MNX exchange is not available in the GUI, but it will be added there with several new cryptocurrency pairs soon.
You might ask, why did we choose Litecoin? Well, it is one of the oldest coins on the market, which is used widely and popular almost like BTC or ETH. Just to remind you, Litecoin is the second (after Namecoin) fork of Bitcoin developed by Charles Lee in 2011. This coin is a peer-to-peer internet currency that enables instant, near-zero cost payments to anyone in the world. At the same time, Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. Moreover, this coin is considered as one of the few Atomic swap ready cryptocurrencies across the market.
