Coinswap launch

Dev update

Zano
Zano
Jun 30, 2019 · 3 min read
Image for post
Image for post

It’s time for the coinswap

We are very excited to announce the official beginning of the Zano coinswap. Starting today, June 30th, 2019 at 12pm UTC, all Boolberry (BBR) holders will be able to swap any portion of your BBR holdings to Zano for a 1:1 exchange. The exchange will take place for 30 days and the ratio will remain the same for the duration. All Zano coins from the designated swap pool that go unswapped will be burnt. The swap is irreversible.

How to do it

Please make sure you use the most recent Boolberry wallet, versions 93 and higher support the swap. You should be able to see Zano Coinswap markup when you paste your Zano address in the Boolberry wallet.

Image for post
Image for post

Builds are available on GitHub , or the Boolberry website .

To swap your coins you need to follow the guide available here .

The guide includes instructions for both GUI and CLI wallets. If you’d like to do swap from an exchange address, please make sure it runs on the most recent version too before you make a transaction. Once again, swapped coins will no longer exist in the Boolberry network and this action is irreversible. It should take less than an hour to receive your coins in most cases, however it may take up to 24 hours.

You can track the swap progress on the coinswap website

What’s happening to swapped BBR coins

When you generate a swap transaction in Boolberry, it puts a Zano target address in a special place(attachment) in the transaction and encrypts it with derivation, that only sender and the network maintainers can decrypt it.

Once coins are sent, you’ll receive the tx id.

Image for post
Image for post
tx id 51c46092e6830784ddc075675e9b5d075aefbbb31b35bcfca146d7dd1bb1c9d6

The swapped coins are sent to zero pub keys, which makes the Boolberry coins inert, or in a more practical way, it’s impossible to spend them (those coins are now considered burned).

You can learn more about it in the Boolberry block explorer:

In our case it’s:

You should be able to see your coins sent to the 0000000000000000000000000000000000000000000000000000000000000000 pubkey address.

Image for post
Image for post
10 coins sent to zero pubkey

A service in Zano watches the Boolberry blockchain for these transactions and decrypts each attachment with a Zano address to send an equal number of Zano coins.

Image for post
Image for post
Here you can see the incoming transfer in Zano wallet with the corresponding tx id

Stay tuned for the further updates!

Zano News

Zano is a next generation CryptoNote Cryptocurrency, focused on Privacy, E-commerce and Scalability.

Zano

Written by

Zano

Secure & Truly Anonymous https://zano.org

Zano News

Zano News

Zano is a next generation CryptoNote Cryptocurrency, focused on Privacy, E-commerce and Scalability.

Zano

Written by

Zano

Secure & Truly Anonymous https://zano.org

Zano News

Zano News

Zano is a next generation CryptoNote Cryptocurrency, focused on Privacy, E-commerce and Scalability.

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface.

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox.

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store