Investors in virtual assets are increasing investment in cryptology, and developers are increasingly concerned about the infrastructure of blocking transactions. It is difficult to keep investors in the space with disruptions and problems of transfers.
Transaction Block: Testing Technology
Programmers focused on atomic swaps, whose concept allows you to switch crypto-currencies among themselves in one turn.
The next stage of development of technology blocking implies that holders of different coins will be able to convert funds inside the purse , without the services of intermediaries.
This is done by experienced developers of blocking, one of which – Alex Bosworth gave an official interview:
Users will gain control over transactions and this is the most successful version of transaction security, except for a few cases of losing personal keys. After all, deposits on stock exchanges are kept unsafe, becoming the target of cybercriminals.
Andrew Gazdecki, the owner of the exchange, is testing a beta version of the wallet for atomic transactions between different crypto-currencies. Andrew agrees that only users should have access to funds, not trusting deposits to third parties.
Block transaction: timing of application startup
The first developments of atomic swaps appeared last year. If luck accompanies developers, then in 2018 customers will start using revolutionary technology.
Programmer James Lopp, who works with BitGo, is confident that a new type of exchange will be launched in just a few months.
Elements of atomic exchanges are already being executed. In 2017, transactions between litecoin and bitcoin were tested. Strictly speaking, the exchange between tokens of one block is no longer a technical problem.
So, the Altcoin.io platform added instant transactions between tokens over protocols that are compatible with ethereum.
Now, community experts are developing tools for easy transactions and simplifying the interface of control programs. After all, people should use the end product without experiencing any difficulties.
The firm Lightning Labs, which is promoting the blocking network Lightning Network for transactions bitcoins, in November 2017 exchanged litecoins and bitcoins with each other.
When over-the-counter swaps of the atomic type are introduced, the exchange of the crypto currency will become really lightning and will cease to depend on the time of confirmation of the blocks of different networks.
But the final launch is not yet scheduled. Elizabeth Stark, director of Lightning Labs believes that the readiness of atomic swaps for several months is unlikely.
Block transaction: complicating factors
At the moment there is a good infrastructure, but a fast exchange between coins of different blockages in the experiment stage, and problems arise at every step.
The difficulty is that very few currencies interact with each other in transactions, if they have different bases.
For example, the exchange bitcoin and etherium in the development stage, which is hampered by a two-sided scalability problem.
Bosworth, who promotes the Lightning Network for Bitcoin and Castonguay transactions with similar goals for the airwaves, agrees in the future:
Even if new exchange chains turn out to be cumbersome, the capabilities of the block code will give ideas for new solutions.
The blockade of the etherium will allow you to combine all your own altcoins. And the BTC will be tied via the ERC-20 tool – bitcoin based on the ethereum, equivalent to the original bitcoin.
In general, developers tend to move away from established things, for the sake of progress:
The atomic age comes – something that can not be changed will be left behind.
