BREAKING: Have You Wondered Why Decred is MOONING?? They Just Added Atomic Swap Support for Exchange-Free Crypto Trading! 1st swap completed w. LiteCoin!

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Decred has announced support for on-chain atomic swaps, allowing cryptocurrency holders to trade directly, without having to rely on external exchanges... which is all the in the news these days!!!

The first swap took place YESTERDAY with Charlie Lee - LiteCoin founder which is cool! Some of that will be covered below, this is great news.

Personally, I have seen Decred rising for days, wondering what was going on and KNEW something big must be happening, when the rest of the market was suffering / depressed w the China news/FUD.

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The last 30 days of Decred Charts!

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Coins currently supported are Decred (DCR), Litecoin ( LTC ), and Bitcoin (BTC).

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https://twitter.com/decredproject/status/910224860625780736

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Charlie Lee - LTC Founder tweeted out about 6 days ago, that something was cooking and alluded to that right here:

https://twitter.com/SatoshiLite/status/908403525398413313

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"Support for on-chain atomic swaps is extremely useful,"Jake Yocom-Piatt, Decred Project Lead said in a statement. "Thanks to the foresight of the Lightning Network authors and developers, and the dedication of our own developers, it is our pleasure to deliver an important capability that has been discussed since the concept of cross-chain atomic transfers was proposed in 2013."

Users can already begin performing exchanges between DCR, BTC and LTC using tools that the Decred developers have created.

Currently, the tools are text-based -- but will be integrated into the Decrediton GUI wallet in releases down the road, official sources stated.

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From the Decred official blog today:

As many of you know, yesterday marked the first cross-chain atomic swap between Decred and Litecoin. This is an important step in a direction that allows users to conduct trustless, cross-chain, over-the-counter (“OTC”) trades without a third party. This disintermediates the exchange process between cryptocurrencies that support these swap transactions.

We have created some simple prototype tools under the atomicswap repository, dcratomicswap, btcatomicswap and ltcatomicswap, to allow Decred, Bitcoin and Litecoin users to swap between DCR, BTC and LTC using on-chain atomic swaps. These tools were built for those who we have the means at hand to disintermediate the exchange process: transaction script and OP_CLTV support. It is worth noting that these tools do not address the issue of order book management that is typically performed with full-featured exchanges.

There are some privacy and transparency consequences related to on-chain atomic swaps that are not present with centralized exchanges. As of this announcement, the tools are text-based, but we will be integrating this into the Decrediton GUI wallet in a future release.

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https://twitter.com/decredproject/status/910507671253508097

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My tweet to them congratulating them:

Main Image Source

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Thanks for reading, have a nice day.

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Some of my recent blogs:

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https://steemit.com/steemit/@barrydutton/well-i-ve-found-the-silver-lining-for-steem-and-steemit-again-in-these-markets-still-leaking-red-or-the-numbers-speak-the-truth

https://steemit.com/steemit/@barrydutton/steemit-meme-of-the-day-is-steemit-the-swiss-army-knife-of-crypto-currency-and-social-media-it-solves-many-problems

https://steemit.com/steemit/@barrydutton/steemit-101-or-e-24-basic-resources-to-help-you-on-steemit-or-for-all-the-new-people-arriving-daily

https://steemit.com/life/@barrydutton/travel-with-barry-e-10-the-western-canada-prairies-roadtrip-continues-or-bible-colleges-and-seminaries-in-the-prairies-and-bc-or

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LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE

Decred (DCR) - DsXsaAo3GJvZK6gA6GkU623QFb8CKuS3Dns

Ethereum (ETH) - 0x3Ad69Ff057C9533ca667B2d7E3E557F5eeFd4477

Ethereum Classic (ETC) - 0x5ab2b08d4ce8d454eb9d1ecc65c6d8b0c5f9784c

EOS (EOS) - 0xD37bEFf5bf07E3aa432de00cE0AaA8df603A4fB0

Bitcoin (BTC) - 18J6RRuzX4V7b2CDbx7tWZYNBLkkGWsvWX

DASH - XgZvsvSZgPkNbmGbRhc3S1Pt2JAc7QHwiS

PIVX - DA3azxQqJiX9t7EviuacpamfNhMi2zGAUh

Expanse (EXP) - 0x819b9cce8630ab638198eabfd7496786c20d629a

Monero (XMR) - d8ecb02c09f70ec10504b59b96bc1f488af28b05933893dfd1f55b113e23fbff

Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv

Synereo (AMP) - 1KnrL6wFHaT4gjJ2YJ5f6WmKTDJNsaBS8s

ZCash (ZEC) - t1aCPEYELkGaf3GtgGTiCEDo7XfPm4QEwmL

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