Host-customized fork of https://github.com/tecnovert/basicswap/
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72 lines
2.0 KiB
72 lines
2.0 KiB
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# Simple Atomic Swap Network - Proof of Concept |
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[](https://travis-ci.org/tecnovert/basicswap) |
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## Overview |
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Simple atomic swap experiment, doesn't have many interesting features yet. |
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Not ready for real world use. |
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Uses Particl secure messaging and Decred style atomic swaps. |
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The Particl node is used to hold the keys and sign for the swap transactions. |
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Other nodes can be run in pruned mode. |
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A node must be run for each coin type traded. |
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In the future it should be possible to use data from explorers instead of running a node. |
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## Currently a work in progress |
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Not ready for real-world use. |
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Features still required (of many): |
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- Cached addresses must be regenerated after use. |
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- Option to lookup data from public explorers / nodes. |
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- Load active bids from db at startup |
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- Ability to swap coin-types without running nodes for all coin-types |
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- More swap protocols |
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- Method to load mnemonic into Particl. |
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- COIN must be defined per coin. |
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## Seller first protocol: |
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Seller sends the 1st transaction. |
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1. Seller posts offer. |
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- smsg from seller to network |
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coin-from |
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coin-to |
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amount-from |
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rate |
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min-amount |
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time-valid |
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2. Buyer posts bid: |
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- smsg from buyer to seller |
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offerid |
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amount |
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proof-of-funds |
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address_to_buyer |
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time-valid |
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3. Seller accepts bid: |
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- verifies proof-of-funds |
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- generates secret |
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- submits initiate tx to coin-from network |
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- smsg from seller to buyer |
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txid |
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initiatescript (includes pkhash_to_seller as the pkhash_refund) |
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4. Buyer participates: |
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- inspects initiate tx in coin-from network |
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- submits participate tx in coin-to network |
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5. Seller redeems: |
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- constructs participatescript |
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- inspects participate tx in coin-to network |
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- redeems from participate tx revealing secret |
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6. Buyer redeems: |
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- scans coin-to network for seller-redeem tx |
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- redeems from initiate tx with revealed secret
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