Topic: FINALLY- we can now exchange coins between different blockchains - page 4. (Read 581 times)

on which network your launch later? because on eth there is Ropsten/Kovan/Rinkbey test Network
i ask this because I'm interested to try your dapp after you launch it on testnet

This is still the same thing we've already seen before, you will have to send btc to receive another coin, its just like swap circles of platforms like changelly

Congrats on the development. But I would like to get something straight,  this is not creating the ability to do inter Blockchain address transfers, it's just basically swapping your tokens for another and that's something that has already been around a while now, though the usage is kind of low.

First of all, we have a couple of such solutions already operating in the crypto industry. Take for instance infinito wallet, Atomic swap mobile wallet, blockchain wallet etc. only to mention but a few. I have been using all these application and the only little hitch i can say is they delayed time within which transactions are completed especially on blockchain application. if you really keep to making transactions within few seconds i believe many crypto enthusiasts would find your solution very useful.

Why is another atomic swap so exciting? There are tons of websites that are offering swaps between blockchains within a short period of time and I do not see any reason why this particular project should be something specific.

Nice job! its a shame this wasent like 2 years ago, would have been very popular, but your a bit late. still should be popular tho
of course we can always use more services in this scene so its still cool you are running one, but we have really trustworthy ones like Shapeshift now..
I like the idea of TRUE atomic swaps, shapeshift i dont think is, they act as middle man, but im not sure if having a middle man in this situation is all that bad..
Either way, nice to see another Atomic Swap service! Good Luck as you move forward

Yes you need to have metamask, tronlink and we provide btc brain wallet on the browser side.
It is required, because if you broadcast your transaction is more secure and decentralized.
Basically you need wallets only for the chains that you want to use.
E.g you want to exchange ETH -> BTC, then you need only ETH and BTC wallet - metamask and bitcoin brain wallet.

It is in startup phase.
We have not released it yet, therefore it is normal that no one knows about us.
If I have to be honest, I believe that we are using a pretty innovative technology - HTLC contracts and BTC script on the different blockchains, combined with intuitive interface and opportunity for trustless market making.

I think that you should try the service and you will be amazed how different it is compared to the other solutions and everything is on-chain like a pure magic

That's a great remark!
We will make a thread and share it here.
It will be released tomorrow.

Hah, So do you like the shits/jellies or we should remove them
Yes we have implementation for BTC as well, by the end of the week this option will be available.

Everything will be tested on the testnet and we will have a bounty about it.

How is it different than Changelly?
Changelly is like shapeshift:
1 You deposit fund in their address/ bank account
2 They have liquidity providers or they execute trade and then send you the amount that you want
Problems - they are third party, the procedure is not trsutless, their services can be hacked, something along the chain could be broken (database, liqudity providers, exchange).
You risk to never receive your funds back.

How jelly swap works?
1 You lock funds in non custodial hash time locked smart contract ( only you know the pre-image for the hash)
2 Liquidity provider (could be anyone) locks similar amaount of value on the other blockchain useing the same hash.
3 You withdraw the funds from the other blockchain and reveal the secret pre-image
4 Liquidity provider withdraw your funds and the swap is finalized

At the worst case if the liquidity provider is malicious, your funds will be locked for a few hours and then you can refund them. No risk for loosing funds.
Second as the service is moredecentralized the fees should be lower than centralized exchanges.
Third everything is trustless and secure and No KYC is required. 
No deposit/withdraw fees, swaps are fast from wallet to wallet.

Yes you have to connect you wallet and broadcast transactions, otherwise it won't be trustless and decentralized.
We will support in the initial version metamask, tronlink and BTC brain wallet, so remember your passwords

if you want to preregister for the bounty check this tweet:
https://twitter.com/jelly_swap/status/1193855369208041474

If you need more details about the tech, you can check the whitepaper here:
https://jelly.market/documents/Jelly-Swap-Ecosystem.pdf

You have to make an ANN (Announcement) Thread to explain what are the strengths of the project you are developing and what benefits we can get. You have to explain everything in the new ANN Thread. But if the thread is available, provide the link here so we can see it.

I don’t understand, if you say that you are doing something grandiose, then why no one knows about it? I read the comments, everyone writes that this already exists, or your service is not perfect. Maybe it’s worth finalizing in order to get around competitors?

Interesting information! but i think atomic swap has already use at these moment, But the cross-chain i find it weird on how they do it. Is it really possible to do inter blockchain transaction using atomic swap? lets give the platform a benefit of a doubt. so far its only Ethereum and Tron is it required to used metamask?

What is this? can i send bitcoin to dapps address for another coin or what are you saying? i can insta swap using changelly or shapeshift, i don't understand what you are aiming at

I thought I was seeing a lot of shits flying around in your website. It took me a few seconds to realize that they're supposed to be jellies 


I only see Eth and Trx as options, there's no Bitcoin as you mentioned.
Can you also explain to us how your service is different than what Changelly is already offering?

I would like to ask also if we can connect wallet at the same time? Metamask for Eth and Tronlink for Trx for example.

Hey guys,

We are working on a new dApp which will help you exchange coins between different blockchains. Finally, we made a real implementation of cross-chain atomic swaps and it is working. We start with Bitcoin, Ethereum and Tron. Soon also EOS, NEO, Aeternity. We are determined to solve the interoperability problems between the different blockchains. It's high time to really start using crypto!

We launch on Nov 20th on the testnet.
If you want, you can write down your ETH address and we will send you some testnet tokens to try swap with the dApp.
Feedback is highly appreciated!

https://jelly.market/