possible to build decentralized gateway in BTS like in BYTOM MOV?
more detail can be found in https://cdn.bytom.io/res/MOV_WhitePaper_En.pdf
The grammar in the whitepaper is horrible, which might open some legal issues, and misconceptions imo.
However, the bad grammar aside, it does state:
"..at present, decentralized transactions also have low efficiency in onchain transactions, onchain settlement, offchain matching and centralized thirdparty etc."
On the Bitshares blockchain, I disagree with all 4 of those points.
1. Bitshares is incredibly efficient already, ON-chain.
2. Settlements fully confirm in a minute (with 3 second blocks too!), ON-chain.
3. OFF-chain matching can be done with any block explorer, as well as use of an Elastic Search (ES) node proving us with all the data we could ever need from any Op on the chain. Named accounts makes that even easier.
4. Centralized third-parties are not NEEDED imo, but they did help get Bitshares off the ground with some exposure and liquidity. There are ways around their use though, such as use of KYC-free bridges like godex.io and stealthex.io. Atomic Swaps are also going to play a huge part of the elimination of 3rd parties (HTLC, ILP, IBC, etc). IPFS, ActivityPub, I2P and other protocols will help eliminate our HTTP, DNS and other attack vectors too.
Now, here was the real kicker for me, which really sounds like Centralisation, NOT DE-centralisation:
"Bytom team release the next-generation decentralized cross-chain Layer 2 value exchange protocol"
That statement sounds like it was written by a CEO or Marketing guy. If they knew what SegWit was (and why, for example, Roger Ver removed SegWit from BCH), they would see that statement as centralisation. Someone is taking your funds OFF-chain. Or, "Layer 2" as they call it. Lightning Network imo is similar. Once funds leave the main chain, it can be manipulated in any number of ways, and worse yet, this is where KYC will eventually be enforced.
There are other ways to make a DE-centralised gateway, ON-chain, and I do not think the Bytom guys (whomever they are) are on the right track.