The Dash.org mobile wallet for Android has an Exchange Rates link which shows (near) real-time conversion rates against both crypto and fiat which I think is an awesome functionality. Will NVO wallet have something similar? It would make this even more attractive if it did.
Yes, the mobile version of the Wallet will support trading and plugins integration.
Hello, thank you for the question. In fact, NVO will allow assets trading, for now, you are seeing it from a centralized point of view.
The model of NVO is A sends to B, so if you have a Waves Asset, and wants to sell it for BTC, and found someone who wants your Assets and offers BTC, both will exchange asset for crypto.
It is as simple as that. The ratio is decided by the traders.
Very nice!
I'm now wandering how can you cope with race conditions and double spend attempts in cross chain trades.
Suppose I sell my asset X through NVO, buyer sends me asset Y and in the meantime I transfer my asset X somewhere else through a native wallet.
There's a chance I get asset Y for free.
Thanks for your support, this have been addressed, and here is the content :
The answer to 0-conf attack vector is in the reddit thread. Effectively when you validate a transaction without confirmations (0-conf), there is a risk for Double spending, or replace by fee, speed attack ... but this can only happen in the case of a normal address, in the reddit thread he didn't considered the specifications of a 2-OF-2. In the case of the validator, the trades will be handled using multisig 2-OF-2, which means that when you will trade using the validator, you will have a shared 2-OF-2 address with the validator, this will prevent this type of attacks as the validator's won't allow such transactions or manipulations.
Once the Validator allows a transaction and process it, you won't be able to issue an attack as you will need the agreement of the Validator. Unless you corrupt the validator, which means breaking SafeNetwork, regroupoing the framents and then decrypting them, all of this, just to get at the validator and try to corrupt a single address. These steps are actually not feasable, maybe in 10 or 20 years using quantum computers or using a lazer computer with graphen components. Even if you do it, you won't be able to corrupt more then a single address, the one you will share with the validator because the addresses will change randomly.
Do not hesitate to ask me more questions.
I'm looking at the BTC address 3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z, which holds all of our escrow funds. At the moment, when looking at the Counterparty Chain, there are not 15,000,000 NVOT at this address. I assume the NVOT and NVOS will be distributed from a different address. Someone with address 1MwFAhvczy6kPbtPpqX2gmdFdbBxykq4de already has issuance authority over the NVOT and NVOS tokens. Is the NVO team responsible for this BTC address and why are there so many different token ticker names on the address? Do they plan on working on multiple projects that issue different tokens at the same time if this is their address? That would be a big concern for me.
We already took measures regarding that, and thank you for telling us, in fact NVO isn't related to that address.
This address is a scam :1MwFAhvczy6kPbtPpqX2gmdFdbBxykq4de he created many assets on counterparty to try to scam people, please do not send anything that address.
NVO's goal is to remove the need for a third party to maintain customer assets, which is the case today with most exchanges. Thus, it proposes a P2P model for the exchange of crypto-coins and assets. The project was anticipated by the NVO team after observing how the current ecosystem can not meet the needs of the market.
The main advantage of a decentralized exchange is that crypto-derivatives and assets are not held by a third party. They are directly transferred from one owner to another in a P2P model. The NVO exchange is operated through two components:
The first is a multi-crypto-coin wallet, in which all keys are created locally on the user's device and never sent to any server.
Users control their private keys, can send and receive funds, export or encrypt the wallet with a password or SEED phrase. Developers can create and add new features through an open plugin system while keeping the wallet light.
Congratulations, this is exactly what the NVO project is. You can add that it will let the users decide which kind of wallet they want to use.