Developments

Atomic swap to be implemented by Orion and Wanchain

Exchanges getting new upgrades

The new Orion protocol is a liquidity aggregator that is connected to various exchanges including Wanchain. Which is an EVM-based cross-blockchain solution, and it has just made a new strategic partnership with Wanchain’s. In order to use it’s public blockchain as an atomic swap solution.

This will become very essential for the Orion network in its approach towards decentralised trading. The network will enable a universal trading gateway for all cryptocurrencies that are currently on the market. Network will be focused on atomic swaps, staking and the lightning network.

The Orion network relies on public blockchains in order to provide users with a secure and robust custodian solution, while issuing and implementing reliable decentralised trading settlements.

The platform allows for the deployment of several blockchains that can be used internally on the platform. There have also been implementations of Ethereum and waves in through proof-of-concept. Orion will have the possibility to implement escrow trading accounts along with decentralised technologies such as Holochain, in order to connect crypto exchanges.

Ethereum with Wanchain

The Ethereum blockchain will use the power of its smart contracts along with a few cross-chain transactions. These features will allow for high levels of interpretability between blockchains. The Wanchain nodes can combine atomic swaps and any decentralised account management system. This will give users the ability to do trading from their multi-currency wallets, without the need for any trusted third party.

This partnership between Orion and Wanchain will deploy a high performance matching engine along with trading exchange functionalities. Through the use of multi-currency wallets, enable trades to be executed through peer-to-peer exchanges of different assets in a decentralised way.

Partnerships in the blockchain and cryptocurrency space ten to become very beneficial for parties involved. The Orion Network will be using the PoS staking mechanism for Orion’s shared pool of brokers, market makers and providers. This will enable fair distribution of orders from users in different pools.

According to Alexey Koloskov, who is the CEO of Orion Protocol:

“We are proud to partner with Wanchain and integrate their public blockchain for Orion decentralized trading. Wanchain cross-chain transactions and Storeman system ideally fits in Orion’s custodian and settlement protocol and will bring universal technology to the whole Orion ecosystem.”

The CEO went further to explain that:

“We are pleased to work together with Orion towards improving the users experience for atomic swaps and working together towards faster, more secure and more liquid swaps of digital assets between all blockchains. The vision at Orion is very similar to ours in ‘connecting the world’s digital assets’ through a seamless experience.”

Alex was involved in the development of the Waves platform, and was the creator and chief architect in the Waves DEX platform decentralised exchange.

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coinmag

My occupation is the Research of blockchains and their practical applications in the economy. I have graduated through various levels of education, including electrical technique, Business, Psychology, and innovative technologies.

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