Where lots of money is involved, traders can and will use any tool available at hand and a distributed environment is like the wild west. In the two party case, if the market moves during the first timeout interval the player can back out of the trade and can make a better deal with another player offering a better rate. He can do this without any double spending if he has sufficient capital to ride out the time lock period. I am not saying that there aren’t decentralized solutions, just that there are more problems than just solving a simple two party atomic swap that works under the assumption of a stable market during the time it takes to accomplish the swap. Real markets involve many more than two players and things can get much more complicated.
Ok, you're talking about the more recent discussion, regarding atomic swaps, which are a whole different thing. I forgot and was thinking of a cashtokens dex as opposed to a cross chain dex.
That’s right. And the two kinds of dex can probably work together as part of a multichain ecosystem.
context is cross chain swaps, which have lag because parties have to wait for enough confs so they can't rug each other
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