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RE: Witness Update - Primary witness now in Sweden + SteemEngine development

in #witness-category • 6 years ago
  1. You could for example create a token on Bitshares or some other network pegged to STEEM or SBD, and you could use this to facilitate conversion between the Steem network's STEEM and Bitshare's STEEMPEG.
  2. From what I can tell, bitBTC is a token on Bitshares for Bitcoin, and that's a good example of something it could be used for.
  3. Currently it's just a number set on the Coin Pair in the database, there is no automatic exchange rate updates, but you could easily add a cron to update the exchange rates every few minutes.
  4. I'm not sure about atomic chain swaps, but it's open source, so anyone could add support for it if they wanted
6 years ago in #witness-category by
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     6 years ago  
    1. OK
    2. I was wondering what happens if a peg breaks - like what happened in the case of SBD.
    3. Got it - I think with @coingecko and others providing us APIs, this can be added very easily.
    4. On HTLC (atomic swaps) agreed. I am looking into HTLC for few things. I will revert with any information that I am able to find.
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