Crosschain Trading Proposals

[Shentist]

both links are the same document?

would be great to see it in the btsx blockchain or greated as a new DACs. and we could implement the most traded altcoins as well.

we can do it with a small fee so the delegates will get 1 more source of income.

+5%

[tonyk]

I like it and more importantly I find that something of that nature is needed and beneficial.

Hope BM/toast can comment on its viability and or ease of actual implementation.

[emski]

I'm back from holiday (Cyprus is excellent place to visit in September) and I managed to fulfill my promise to better describe the topics discussed in https://bitsharestalk.org/index.php?topic=8818.0 .

In the following proposals a method for cross-chain monitoring is outlined including optimizations that should minimize nodes' overhead.

1st Proposal:
It describes means for trust-less BTC-> 1 BTSX  trading. Any user owning BTC can buy 1 BTSX from any user willing to sell under specified conditions.
https://docs.google.com/document/d/1XMu0Sxhx31qY0B2iWDoMZ_Fe12rF31Eu0y2vZ_Kdgpk/edit?usp=sharing

2nd Proposal:
It describes means for trust-less BTC <-> BTSX trading similar to current bitAsset trade. Any user owning BTC AND BTSX can post/accept orders to sell/buy BTC/BTSX similarly to current bitAsset market.
https://docs.google.com/document/d/1huR6eIJ-P1BR91P0l6IDVp4DGad5tLe9L4FTefFSFDI/edit?usp=sharing

I believe bypassing exchanges (at least for cryptocurrencies for now) is huge step towards global decentralized trust-less market.

Comments are welcome.