Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Blockchain

Atomex Announces the Launch of Atomic Swap Cross-chain Hybrid DEX for Windows, Linux and Web Platforms

Published

on

 

Atomex, Non-custodial Multicurrency HD wallet, has launched its Atomic swap decentralized exchange (DEX) on three platforms: Windows, Linux, and Web. Its hybrid type DEX allows to create cross-chain deals between different cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Tezos without the need to trust third-party providers, custodians or chains (without any pegged tokens). The official launch date for Atomex DApps was May 28, 2020.

“We believe that cross-chain Decentralized exchanges will be a widespread alternative to centralized ones” – said Igor Matcak, co-founder and core developer of Atomex. “No doubt it will facilitate decentralization of cryptocurrency trading. DEXs such as Uniswap are widely used in the Ethereum blockchain, where tokens are traded directly through smart-contracts. Users interact only with the Blockchain. And we’ve made it possible to exchange coins between different blockchains through atomic swaps without any intermediate tokens.”

Atomex has a hybrid scheme, it means that the order book is formed in one place by liquidity providers, but with Atomic swap technology, the execution is fully decentralized. In this way, users trade directly from their wallet and funds are not transferred anywhere besides  smart or hash time locked contracts (HTLC) for Atomic swap execution.

Also, it should be noted that Atomex for Windows desktop version was launched on September 25, 2019. During this period, the most volumes were traded in Bitcoin, Ethereum, and Tezos and have exceeded $ 1 million.

Advertisement
Stake.com

Atomex is an open-source project of the Baking Bad team, known in the Tezos community as one of the most active developer tools contributors. Earlier the project received a grant from the Tezos Foundation to develop the program modules for Atomic swap with Tezos tokens.

 

SOURCE Atomex OÜ

Blockchain

Daily Crypto News: BlockchainReporter Empowers Crypto Enthusiasts and Traders with Critical Information to Make Informed Decisions

Published

on

Continue Reading

Blockchain

Alpha Sigma Capital Research Releases May Report on ASC AI Index

Published

on

alpha-sigma-capital-research-releases-may-report-on-asc-ai-index
Continue Reading

Blockchain

Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

Published

on

blockchain-firm-squad-labs-raises-$10-million-for-smart-wallet

Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

Advertisement
Stake.com

The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

Advertisement
Stake.com
Continue Reading
Advertisement
Stake.com
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE