Let It Swap: January 2019 Development Update
This January was really cold and snowy in Moscow. So, we spent these days coding, improving, discussing strategy and building the most convenient decentralized exchange: the core of our exchange system was updated to the version 0.3. and then to the version 0.3.1.
Have a look on some results we have achieved recently, try our widget, write your first trading bot on JS and test new UI!
Swap.Widget — Crypto Payments for Every Project
First of all, we made serious progress in the work on our Swap.Widget — html-backed button allowing every web-site to accept payments in cryptocurrencies. We use the decentralized exchange practice of Swap.online for this task: we add the project token on our balances and then build an infrastructure to exchange it on Bitcoin and even USDT! So, the payments’ collection can be started in one day from the application.
Now you can try it! So, get ready and launch this request in the console of your site:
npm run build:testnet-widget 0xERC20Contract tokenname 18 TICKER
That’s how the road to BTC and USDT markets looks with Swap.online.
Trading Performance
We upgraded the possibilities of our CrossSwap technology (the ability to change the address money are being sent to during the swap execution). Firstly, now it works not only for tokens, but even in trades with BTC and ETH. Now both the addresses of swap initiator and beneficiary can be changed. As a result, the trader can use not only the address he get from Swap.online but any public address he has. This is to be customized by moving the ‘Use Swap.online wallet’ button.
Additionally, we upgraded the performance of our artificial intelligence — trading bot. In our GitHub repo we have published the examples: using it, everyone can create his own bot for Swap.online with the toolkit of demanded simple functions. By the way, as it was announced previously, premium trading options will be available in private mode.
We finalized the system of reputation management. In its first version it shows the quantity of started and successfully executed swaps. The reputation scoring materials is downloaded with the server encryption and digital signature, so, the cheat is impossible. Every user knows, how experienced is his counterparty before the swap is started.
Finally, the explorer of swaps is available now in test mode: https://seven.swap.online/explorer-testnet/ . You can find the information about the Alice and Bob addresses of Swap.online users and trace swaps’ statistics. In the first version, it works only for ETH swaps, even for refunded trades.
UI and Security
We reconsidered the UI of our swap. Now, the stages of swap execution are getting much clearer: even newbies can see, what is going on with their Bitcoins and Ethereums during the Atomic Swap.
We prepared Russian localization for our site as we have great Russian community: https://swap.online/ru All the pages and tips are carefully translated. Use Swap.online and study Russian!
Swap.online is getting even more anonymous. We enable support for TOR Browser. As a result, trading and exchanging performance of Swap.online is available even for those who is on the dark side. In general it became possible due to our KYC/AML-agnosticism.
In concluding the first dev-update of 2019, we need to say a few words on our plans. We research the prospects of Atomic Swaps om Stellar Lumens; we even added it on the balances in test mode. Also, support for Ledger and Metamask wallets will be added soon. Moreover, the game-changing from our partners Array.io — KeyChain solution for the keys security is to be implemented by us.
Stay tuned for interesting things on Swap.online.
See you in February,
Swap Online Team
Swap.Online Essential Links
Website: https://testnet.swap.online
GitHub: https://github.com/swaponline
Email: team@swap.online
Telegram: https://t.me/swaponline
Facebook: https://www.facebook.com/Swaponline
Twitter: https://twitter.com/SwapOnlineTeam
Wiki: https://wiki.swap.online/
Bitcointalk: https://bitcointalk.org/index.php?topic=4636633
