What is a Trustless Exchange? - Coingape

0xBitcoin

The first pure mined ERC20 Token for Ethereum, using the soliditySHA3 hashing algorithm. This is a smart contract which follows the original Satoshi Nakamoto whitepaper to form a fundamentally sound trustless currency. This combines the scarcity and fair distribution model of Bitcoin with the speed and extensibility of the Ethereum network. Thus, it is named 0xBitcoin or 0xBTC where 0x represents the Ethereum Network and ecosystem.
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Kyber Network Crystals

Kyber Network Crystals (KNC): An on-chain protocol which allows instant exchange and conversion of digital assets (e.g. crypto tokens) and cryptocurrencies (e.g. Ether, Bitcoin, ZCash) with high liquidity. KyberNetwork will be the first system that implements several ideal operating properties of an exchange including trustless, decentralized execution, instant trade and high liquidity.
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Loopring: zkRollup Protocol for Scalable DEXes and Payments on Ethereum

Loopring is an Ethereum layer 2 solution: an open protocol for building high-performance, non-custodial exchanges and payment applications on Ethereum. Our infrastructure leverages zkSNARKs to scale throughput, lower cost, and build DEXs & payment apps that feel as performant as centralized alternatives - with 100% Ethereum security guarantees.
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High School students demo trustless Bitcoin exchange Pavillion.io

High School students demo trustless Bitcoin exchange Pavillion.io submitted by amandel3 to technology [link] [comments]

Wouldn't it benefit miners to have a completely decentralized trustless Bitcoin exchange, considering they would make money on transactions fees?

submitted by BitBrother to Bitcoin [link] [comments]

High School students demo trustless Bitcoin exchange Pavillion.io

High School students demo trustless Bitcoin exchange Pavillion.io submitted by RealtechPostBot to realtech [link] [comments]

Trustless Bitcoin Exchange Mercury Launches

http://mercuryex.com
http://www.coinbuzz.com/2015/03/04/cant-touch-mercury-exchange/
Trades happen entirely on the blockchain, with no risk of the exchange getting hacked or greedy exchange operators running off with your money. Your private keys are only stored on your computer.
When making trades, your wallet will use the Mercury Order Book service to find bid or ask offers opened by other traders. This service is centralized, but it is never involved in the actual transfer of funds so it doesn't require any trust.
submitted by BitcoinTR to Bitcoin [link] [comments]

Release v1.4 of CryptoWoo Bitcoin Cash Addon added cash address support by default with legacy backwards compatibility, and 7 new exchanges supported. CryptoWoo is the trustless, non-custodial, self-hosted payment gateway for Woocommerce that has no tx fees and no access to merchants cryptocurrency

Release v1.4 of CryptoWoo Bitcoin Cash Addon added cash address support by default with legacy backwards compatibility, and 7 new exchanges supported. CryptoWoo is the trustless, non-custodial, self-hosted payment gateway for Woocommerce that has no tx fees and no access to merchants cryptocurrency submitted by OlavOlsm to btc [link] [comments]

Bitcoin is digital gold and the LightningNetwork uses cryptographically secured and trustless “IOU’s” as a medium of exchange backed by bitcoin, for efficiency. Like when paper money was backed by gold in 1844. But this time no one can suddenly take the gold away.

Edit:
Yikes, this blew up a little and I’m being hit from all angles about why I’m wrong.
I probably shouldn’t have used the term “IOU” cause it insinuates debt, as well as there being counter party risk. My point is that it’s like having the most trusted and secure IOU in the world, because it’s not backed by promise of the other person, it’s backed by cryptography, so you can claim your money at any time, or you can continue to pass it on to the next person without any risk. So in that sense, it is similar to an IOU, but it’s trustless.
I really liked this analogy and I was hoping this would just be an easy way for people to understand but I was wrong.
Edit 2: I think a better word would have been “promise”. LN is like exchanging trustless and secure promises of funds, which carry no risk, unlike when paper money was a promise to the equivalent value in gold and the promise was broken. I hope that clears up my thinking a little.
submitted by LeeWallis to Bitcoin [link] [comments]

POWSWAP | Trustless Bitcoin Mining Derivatives Exchange

POWSWAP | Trustless Bitcoin Mining Derivatives Exchange submitted by gambpang to chibitdevs [link] [comments]

@exchange_union: ⚡BREAKING⚡ - #Bitcoin exchanged for #Litecoin between two exchanges - instantly and trustlessly at #LightningHackday by @sangaman

@exchange_union: ⚡BREAKING⚡ - #Bitcoin exchanged for #Litecoin between two exchanges - instantly and trustlessly at #LightningHackday by @sangaman submitted by CBDoctor to litecoin [link] [comments]

Welcome Ethermium.com! The most advanced decentralized Ethereum Token exchange!! ethereum #bitcoin #crypto #dex #trustless #idex #etherdelta

Welcome Ethermium.com! The most advanced decentralized Ethereum Token exchange!! ethereum #bitcoin #crypto #dex #trustless #idex #etherdelta submitted by ethermium to u/ethermium [link] [comments]

Bitcoin mentioned around Reddit: Welcome Ethermium.com! The most advanced decentralized Ethereum Token exchange!! ethereum #bitcoin #crypto #dex #trustless #idex #etherdelta www.ethermium.com /r/auroradao

Bitcoin mentioned around Reddit: Welcome Ethermium.com! The most advanced decentralized Ethereum Token exchange!! ethereum #bitcoin #crypto #dex #trustless #idex #etherdelta www.ethermium.com /auroradao submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Why the Hype Around the Breeze Wallet? (1) Delivering Privacy (untraceable transactions) to Stratis and Bitcoin Simultaneously. (2) Importing Bitcoin Holders/Users with Trustless Exchange in Wallet for STRAT/BTC, combining ecosystems.

Stratis’ Breeze Wallet Redefines Financial Privacy for Blockchains:
https://stratisplatform.com/2017/03/02/stratis-breeze-wallet-redefines-financial-privacy-for-blockchains/
submitted by Trident1000 to stratisplatform [link] [comments]

Imagine if we could trustlessly exchange unspent outputs offchain, and somehow we could always verify we had an unspent output valid on the main chain without even needing to wait for a confirmation? ...oh, wait.... /r/Bitcoin

Imagine if we could trustlessly exchange unspent outputs offchain, and somehow we could always verify we had an unspent output valid on the main chain without even needing to wait for a confirmation? ...oh, wait.... /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

03-21 21:52 - '[quote] Wrong. Borderless, trustless, censorship resitant, immutable exchange/store of value. / [quote] See above + maximum supply & the separation of government and money. Read the bitcoin whitepaper.' by /u/jakesonwu removed from /r/Bitcoin within 0-6min

'''
The utility seems to be "people believe it has value"
Wrong. Borderless, trustless, censorship resitant, immutable exchange/store of value.
How is bitcoin better than digital yen?
See above + maximum supply & the separation of government and money. Read the bitcoin whitepaper.
'''
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Q&A with CEO of trustless Bitcoin-based futures exchange Coinpit

See full Q&A here: http://www.bitcoinfuturesguide.com/bitcoin-blog/qa-with-coinpit-ceo-baraht-rao
Coinpit says that users do not have to even use an email or login to trade. How does this system work? How can a trader feel confident they are in a secure environment if they do not have a classic-style account with email address and a personal relationship with the exchange?
Coinpit uses Zero-Knowledge authentication using the same crypto in Bitcoin. Your user id is the bitcoin address represented by your private key. Every request is authenticated with the user’s private key instead of setting a session cookie. This is much safer than the traditional email/password and eliminates entire classes of security issues. You may have recently read about the 500 million emails leaked from yahoo. Several of these leaks occur every month. Some are detected a few years later, many are not. Hackers have years to crack the passwords, which they can easily attempt for commonly used passwords and passwords reused and stolen from other sites. Even some forms of 2FA do not protect the user from a server breach since the 2FA seeds can also be stolen and the 2FA token reconstructed. Zero knowledge systems however, do not store the essential ingredient on the servers and therefore are more resilient. We avoid email to eliminate the threat of spam, phishing and brute-force login attacks.
Coinpit marketing materials state that you do “AML without KYC” – how does this work?
Coinpit is committed to transparency using the blockchain. However, transparency without privacy would be a serious threat to financial security and peace of mind. To enable transparency without compromising privacy, Coinpit uses AML without KYC. Money laundering works in three stages: placement, layering and integration. Ensuring we do not take untraceable cash deposits prevents placement. Ensuring that coins can only be withdrawn to the origin prevents layering. The initial response from bankers to this system has been positive and provides a way to eliminate the poor cost effectiveness ratio of KYC
Coinpit currently has a BTC/USD contract which boasts offering 200x, even 500x leverage. Most bitcoin futures exchanges that offer this degree of leverage use “socialised losses” in order to offset unfilled liquidations of users whose margin doesn't cover their position. How does Coinpit offer this high leverage without socialised losses?
Socialized losses benefit the ultra-speculative traders at the expense of skilled and disciplined traders. We believe that game theory suggests that on such exchanges the most beneficial play is to make many small bets with the highest available leverage. This will lead to larger and larger socialized losses eventually making sensible trading impossible. Judicious use of high leverage requires that disciplined and skilled traders are rewarded instead of being punished. Coinpit terminates/deleverages a highly-leveraged winning trader when there are no orders at the stop of the losing trader. While this is not desirable, this is a problem that becomes less and less severe with increasing liquidity.
Many traders are frustrated by leverage products on Bitfinex and BitMEX which lead to funding charges for traders – is there any interest charged on leverage for trading on Coinpit, or any kind of funding mechanism which users need to be aware of?
Moving coins from Multisig to margin and vice-versa costs a small amount of coins to be paid directly to the bitcoin network. This may go away in the future if we can use lightening network or any similar off-chain technology once proven in the market.
The exchange does not have any funding charges at present. This makes it ideal for long time holders. Funding fees add up, but more important, being variable they complicate the ability to predictably take winning positions. The longer traders hold, the more the chances of profits being erased by funding costs. High funding rate has the effect of causing the users to trade small for short durations.
submitted by BTCFuturesGuide to BitcoinMarkets [link] [comments]

Bitcoin is digital gold and the LightningNetwork uses cryptographically secured and trustless IOUs as a medium of exchange backed by bitcoin, for efficiency. Like when paper money was backed by gold in 1844. But this time no one can suddenly take the gold away. /r/Bitcoin

Bitcoin is digital gold and the LightningNetwork uses cryptographically secured and trustless IOUs as a medium of exchange backed by bitcoin, for efficiency. Like when paper money was backed by gold in 1844. But this time no one can suddenly take the gold away. /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

This Week in Bitcoin: The First Publicly Traded Fund, A Trustless Crypto Exchange, Data from the Recent Bitcoin Auction, and More!

This Week in Bitcoin: The First Publicly Traded Fund, A Trustless Crypto Exchange, Data from the Recent Bitcoin Auction, and More! submitted by Portis403 to Bitcoin [link] [comments]

Trustless exchange and pegging of Bitcoin in Ethereum.

Trustless exchange and pegging of Bitcoin in Ethereum. submitted by sir_talkalot to btc [link] [comments]

If we're interested in building a decentralized, trustless financial system, why do we use centralized exchanges? At this moment I only recognize decentralized exchanges as a true exchange. Everything else is a bank. /r/Bitcoin

If we're interested in building a decentralized, trustless financial system, why do we use centralized exchanges? At this moment I only recognize decentralized exchanges as a true exchange. Everything else is a bank. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

09-06 08:32 - '[quote] That not the appeal I see. The main appeal I see is a trustless digital store of wealth and medium of exchange. Something that didnt exist before bitcoin came along. You can pay your online purchases with visa or paypa...' by /u/Vertigo722 removed from /r/Bitcoin within 0-4min

'''
So from what I gathered Bitcoins whole appeal is its a form of currency that you buy and down the road there will be a finite number of bitcoins. The goal is to use them in your everyday life to buy things and pay bills
That not the appeal I see. The main appeal I see is a trustless digital store of wealth and medium of exchange. Something that didnt exist before bitcoin came along. You can pay your online purchases with visa or paypal, they work fine. But they are not trustless and are IOUs. Bitcoin, exposing you to no counter party risk, is a great hedge against a financial crisis and censorship by governments or corporations. Its like electronic gold, only much easier to store, move, spend, convert (and immune from future asteroid mining ;) ). And so much harder to counterfeit.
The value extends beyond that however; an ultra secure, immutable public ledger has a wide range of future applications, which will require tx fees, and thus bitcoins.
'''
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Trustless lightning exchanges: Have i came up with something new or am i reinventing the wheel. /r/Bitcoin

Trustless lightning exchanges: Have i came up with something new or am i reinventing the wheel. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

For public consideration: [Marketcoin | MKC], a P2P trustless cryptocoin exchange (x/post from r/Bitcoin)

I've put forward a proposal for a p2p trustless cryptocoin exchange, which at this stage I'm calling Marketcoin.
If you're interested, please have a read. I'll be working on the whitepaper in the near future and then I'll begin development.
submitted by XertroV to CryptoCurrency [link] [comments]

Is it possible to have a Bitcoin exchange run on a trustless blockchain protocol of its own?

Not too sure what I'm asking, so please bear with me. If you're an engineecomputer scientist/cryptographer feel free to help out whatever it is I'm trying to say if you think you know what I'm getting at.
One barrier to Bitcoin is obtaining bitcoin. Is there way to create an exchange that is decentralized so it can't be regulated AND can't be abused?
Trustlessness for any type of transaction is the key to human progress, imho. For centuries/forever humans have been conditioned to trust their government and religious leaders. Individuals or groups among us do not magically deserve trust over all of us. To put it extraordinarily mildly when considering human history (and current events) the only thing history shows is no trust is deserved for anyone. So I guess my broader question is how do we set up technological trustless protocols in all areas of life?
submitted by AperionProject to Bitcoin [link] [comments]

ACM CODASPY '20 - ZeroLender: Trustless Peer-to-Peer ... Coinpit CEO Bharath Rao talks about bitcoin trading differences on Coinpit.io Ep2: Identifying counterparty risk in Bitcoin XCLAIM: Trustless Interoperable Cryptocurrency Backed Assets What do you mean, Bitcoin is Trustless? - Cryptogirlio™ Ep 008

Check out this post to learn more about the role of trustless in cryptocurrency and forms of monetary exchange, specifically Bitcoin and types of trust. Bitcoin; News; Altcoins. The return of Ethereum food coins? Multiple DeFi tokens surge hundreds… ETH Volumes Top $119.5 Billion in Q3: High-Risk Dapps Dominate Tron… This mushroom-themed Ethereum coin is up 7,000% since its lows: Here’s… Crypto VC that thinks Ethereum will hit $1 trillion market cap… DeFi darling Yearn.finance (YFI) deployed a new token—then $15m was stolen ... "Trustless" is a term that describes the key difference between bitcoin and fiat currency. Exchange-Custodied Bitcoin DeFi Outperforms Trustless Solutions ... the goal was to establish trustless Bitcoin DeFi models by heavily relying on decentralized systems and smart contracts. However ... Trade Bitcoin hashrate derivatives contracts with confidence. Our non-custodial trust-free Hashrate derivatives platform allows miners to insure against unforseen changes in difficulty, HODLers to insure their Bitcoin against decreases in difficulty and earn interest on long term holdings, and market makers to earn profit by providing liquidity. Sign Up. About POWSWAP. POWSWAP works today in ...

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ACM CODASPY '20 - ZeroLender: Trustless Peer-to-Peer ...

In this video I want to talk about the Truth about bitcoin exchanges. I've continually said that I don't trust any bitcoin exchange or 3rd party service... And that I think MtGox is a joke and ... This video is unavailable. Watch Queue Queue. Watch Queue Queue ZeroLender: Trustless Peer-to-Peer Bitcoin Lending Platform Yi Xie (Boise State University), Joshua Holmes (Boise State University) and Gaby G. Dagher (Boise... ACCS enable the trustless exchange of cryptocurrencies across blockchains, and are the only known mechanism to do so. However, ACCS suffer significant limitations; they are slow, inefficient and ... Decentralized exchanges have been a hot topic this year. Totle CEO David Bleznak comes on to explain what a DEX is and how his platform is going to help solve some of the current issues they have.

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