Topic: FINALLY- we can now exchange coins between different blockchains (ETH,BTC,TRX) - page 2. (Read 316 times)

There are smart hash time locked contracts/ Bitcoin Script for every supported network.
So the swaps are happening on-chain.
For the end user is just a one-click, packed in beautiful and simple UI which is connected to all smart contracts.

Check more here:
https://jelly.market/documents/Jelly-Swap-Ecosystem.pdf

Yes it is still beta, we will release the testnet version on 20th Nov.

However, even now you can swap on the testnet.
We can send some test ETH and test TRX

Thank you, we will fix it today or tomorrow!

Hey there, you have an interesting project here however I'm bothered by this;
Obviously, linking the wallets to decentralized exchange site could be risky for user since it could be vulnerable when someone hack your site or have some bugs.

By the way, is your project is still on beta? I saw only eth and tron is currently available for swapping.

Talking about these decentralized exchanges what do you guys think of this: https://dex.wavesplatform.com

Is this what we are looking for or this something else that they are not saying. There are some more which I need to find and if I manage the links then I will paste them here.

Edit:
Here are some more:
https://bisq.network/
https://openledger.io/
https://crypto-bridge.org/

I've been hearing about it before and it made me interested of looking after it. And I guess there should be people who has more technical knowledge about this to try it out.

I noticed that the title table of your website says 'Jelly.io' while the website itself is 'jelly.market'.

Yes, the contracts are currently open sourced and soon enough the whole client side will be also open source (so you will be able to verify and audit the code). But yes, we are using smart contracts and in terms of BTC we are using P2WSH.

Ia your project open source? Can people audit the source code?

Atomic swaps are really something we need, but there is none so far.

Changelly shapeshift etc are just exchanges where someone or some script swap coins for you. A true atomic swap should be done using smartcontracts, open and auditable, without any central authority who could interfere in the transaction.

Hey guys, thanks for your feedback and comments. It's very valuable for us. Really!

What we've been trying to build (and hopefully already built) is a way to exchange one asset from network A for another asset from network B (e.g. BTC for ETH). We know that there are a lot of services allowing this - ShapeShift, Changelly etc. Basically the difference is that we allow the exchanging of assets to happen without the need of a trusted party between A and B (i.e. ShapeShift, Changelly).

The beauty of it is that the whole process is mathematically and cryptographically secured. The whole source code is/will be open sourced, so it can be easily verified and thus trusted (or not). Another beauty of it is that if you allow Alice to swap her BTC to Bob's ETH, Alice can now interact directly with an Ethereum dApp using Jelly.

Simple real life example is Compound. You can use Jelly to supply ETH/DAI/WBTC to Compound having only BTC. In the case where one use ShapeShift - you have a lot of additional steps before using Compound for example.

The process is relatively fast (actually as fast as it could be at the moment) and certainly secure. In my personal opinion as a user (not a developer), I think the whole user experience is great even if you are very little familiar with cryptocurrencies/blockchain.

I think that with YOUR help we can build great product that potentially can accelerate the usage of dApps across our community. We would be very happy if you give it a try when the testnet is officially live and give us your precious feedback.

If anyone of you have any kind of questions ( tech or non tech ) please ask I will answer them ASAP.

Also, soon we will make an ANN thread as per your suggestions. Thanks!

Cross-chain atomic swap shows the real essence of how Satoshi said bitcoin should be used, which is p2p, without having to trust any third party exchange (and is usually centralized). Cross-chain swaps allows users to trade bitcoin with other cryptocurrencies like ETH, TRX and such or trade bitcoin and other different bitcoin for the users privacy concern and purposes. Atomic swaps protocols that exchange two different types of cryptocurrency can introduce optionality. Optionality in financial context is expresssed by options pricing.

Changelly is a bitcoin and altcoin exchange where users can shift between coins without the need of depositing coins to the exchange. Although the service is quite similar, what makes Changelly different but what the topic is pertaining, is that changelly is a centralized exchange while the one that was mentioned in the post is using cross-chain atomic swap which makes it a decentralized one.

This is interesting. How did you do that. I mean a little technical aspect will help me to understand and may be for the visitors too.

The innovation is the whole system not the HTLC in particular.
All the smart contract on the different blockchains, blockchain event listeners, liquidity provision modules packed in simple and intuitive UI for the end user - this is the innovation.
I have not seen massively used cross-chain atomic swap widget, working on chain, have you?

It is different changelly is centralized service, this one is dcentralized and trustless.

First, this is not new.

Second, you should move this topic by using the "Move Topic" button on the bottom of the thread, the correct place is "Service Announcements (Altcoins)" as your site does not support Bitcoin payments as far as I can see.

I think this Bitcoin Discussion board is a wrong board for this topic. The best suit will be Service Discussion (Altcoins)
Talking about the service - it seems like Changelly type ?

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/