Published on October 11th, 2017 | by bitcoin0
Ethereum code now open source
A team of cryptocurrency startup developers is open-sourcing technology that enables trustless trading between the bitcoin and ethereum blockchains.
Now available on GitHub, the code has already been used to execute what startup Altcoin Exchange claims is the first so-called “atomic swap” between the largest cryptocurrencies by market value.
As a result of the release, a now larger community of developers can play around with and build on top of the code.
This means there are practical reasons atomic swaps might not be viable today, including the fact that one-to-one bitcoin-to-ether exchanges aren’t exactly fair trades given the price disparity between the assets.
Further, though Gazdecki believes this marks a “milestone” for atomic swaps, he admitted developers still have plenty of problems to iron out before this new type of trade sees everyday use.