Witness Update - Primary witness now in Sweden + SteemEngine development

bobinson (63) · 6 years ago

Lots and lots of stuff man !

It could be used to run a pegged token gateway, allowing either one-way or two-way conversions between a pegged token, and the
asset which it's pegged against (e.g. Bitcoin <-> Pegged Bitcoin Tokens)

The gateway is very very interesting to me as well. I have few stupid doubts ...

Can you give an example of a pegged coin ?
bitBTC can be an example case here ?
Where do you get the exchange rate ?
Can you add support for HTLC ?

$2.43

7 votes

someguy123 (69) · 6 years ago

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.
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.
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.
I'm not sure about atomic chain swaps, but it's open source, so anyone could add support for it if they wanted

$1.57

bobinson (63) · 6 years ago

OK
I was wondering what happens if a peg breaks - like what happened in the case of SBD.
Got it - I think with @coingecko and others providing us APIs, this can be added very easily.
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.

$0.00

reseller (74) · 6 years ago

You've made the Steemit Minute for today! Congrats!

Check out the Video Here: https://steemit.com/dtube/@reseller/hnpm1ao0

$2.19

nnnarvaez (68) · 6 years ago

Glad to see what you are up to in the basement with the machines :)

I am really interested in that gateway, going to dig into the docs straight away, i have been working for the last two ears into a primitive token integration with discord and a parasite side chain while you guys were playing the big leages!

$1.27

someguy123 (69) · 6 years ago

Since the main project is purely a REST API, everything is exposed via the API, so you could very easily
integrate a Discord bot with the API, simply build a chat command like this:

.convert fromtoken totoken destaddr

Then, it simply fires off a request to /api/convert and returns their deposit info. So easy :)

$2.01

yehey (63) · 6 years ago

@someguy123 and @nnnarvaez
Do you have a working websites that use this program to take a peek?

@someguy123,
Maybe you can open source the anom account creation too :)

Cheers,
@Yehey

$2.10

nnnarvaez (68) · 6 years ago

That is what i have done for my token, i am looking forward migrating everything to a web page because millennial don't want functionality they want looks and hype.

But i made sure i had the functionality first :P

$0.00

maxdevalue (68) · 6 years ago (edited)

That’s a lot, now we can understand why you’re underground for a while now. Thanks for all these great sacrifices for our dear blockchain.

$0.94

gniksivart (67) · 6 years ago

Awesome update and thanks for sharing. Hope someone picks this up and runs with it as it would be awesome to have a shapeshift to be able to convert steem ans sbds instantly into other tokens quickly and easily, with no fees.

Posted using Partiko Android

$0.65

someguy123 (69) · 6 years ago

We do already have Blocktrades, but sometimes they can take a large cut from the final amount.

It's quite possible for people to take the project and turn it into a ShapeShift for whatever coins they please, and thanks to the licensing (AGPL 3.0), they're required to keep it open source - so if you don't like their fees, someone can just take their code and run their own version with lower/no fees.

$0.05

enginewitty (72) · 6 years ago

I saw the Steemengine tokens in the internal wallet prior to having an external steemit wallet so, am I to assume others will appear there soon too?

Posted using Partiko Android

$0.33

aggroed (78) · 6 years ago

it's up to the different front ends to display. There's an api that means a dev can display them after ~half a day of work on any site.

$0.00

nassifelias (59) · 6 years ago

Actually, a great article to read @someguy123. Very interesting topic since I work with APIs in my software engineering field. Good Luck man 😁💪

$0.33

alpayasteem (67) · 6 years ago

Hi @someguy123, Is the SteemEngine token different from the token that we know now on Steem (Steem and Steem Dollar)..?

If this has been launched hopefully this token has a market unlike some new tokens that have no market but have been released to the public ..

$0.33

ucukertz (58) · 6 years ago

Steem Engine tokens run on sidechain until SMT is released, they will be native Steem token by then.

$0.85

6 votes

treeplanter (68) · 6 years ago

You just planted 0.10 tree(s)!

Thanks to @fuadsm

We have planted already
8197.02 trees
out of 1,000,000

Let's save and restore Abongphen Highland Forest
in Cameroonian village Kedjom-Keku!
Plant trees with @treeplanter and get paid for it!
My Steem Power = 24645.41
Thanks a lot!
@martin.mikes coordinator of @kedjom-keku

$0.00

pouchon (70) · 6 years ago

This is big boy pant talking around here.
Definitely the dough resides at the genesis.
Why I didn’t go that route ?
Never to late to do good thing
Keep on postin

Posted using Partiko iOS

$0.06

themanualbot (70) · 6 years ago

You're not just a @someguy123.

$0.00

ana3enady (32) · 6 years ago

great job and wish u fully success. congrats

$0.00

bubke (60) · 6 years ago

omg, what a toys you have!

Posted using Partiko Android

$0.00

ednabenitez (14) · 6 years ago

Thanks so much for this great sacrifice you have made shall not be in vain for we shall stand by you in supporting and promoting you always, and I say this to you the greater you go higher

$0.00

boomerang (56) · 6 years ago

This post has received a 100.0 % upvote from @boomerang.

$0.00

chireerocks (72) · 6 years ago

@someguy123, Effective lined up updates on this page. And specially the Witness update and it's sounding that you've put solid specifications to back your Witness System.

Posted using Partiko Android

$0.00

sammosk (71) · 6 years ago

Kick ass, keep up the good work.

$0.00

promobot (60) · 6 years ago

@someguy123 purchased a 72.52% vote from @promobot on this post.

*If you disagree with the reward or content of this post you can purchase a reversal of this vote by using our curation interface http://promovotes.com

$0.00

petertomas (43) · 6 years ago

It is a pleasure for me, to read this type of content here in steemit, so I learn to make my publications ... Thank you for your contribution, from VENEZUELA I wish you the best and the greatest success

$0.00

arnel (68) · 6 years ago

Great work you've done here. Wish you all the success you deserve. Congrats!

$0.00

llh0519 (57) · 6 years ago

good writer!!

$0.00

flaxz (68) · 6 years ago

That's great, Steem witnesses in Sweden.

Posted using Partiko Android

$0.00

steemitboard (66) · 6 years ago

Congratulations @someguy123! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

Your post got the highest payout on one day

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking}
_{If you no longer want to receive notifications, reply to this comment with the word STOP}

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

$0.00

holoz0r (71) · 6 years ago

Great work. What are your thoughts on MIRA and the potential it gives to more distributed nodes?

Thanks for your help in the Steem witness channel on Steem.chat earlier this week.

Posted using Partiko Android

$0.00

ronel (61) · 6 years ago

I find this worth resteeming.
Resteemed!

$0.00

lichtblick (78) · 6 years ago

Resteemed :-)

$0.00

arcange (73) · 6 years ago

Congratulations @someguy123!
Your post was mentioned in the Steem Hit Parade in the following category:

Pending payout - Ranked 1 with $ 259,56

$0.00