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.

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