Cross Blockchain Trading Now a Reality
I realized the other day while reading up on the Crypto Peso that a software developer milestone had quietly been reached here at Steem with little or no fanfare.
As I read the post by @aggroed over again about the Crypto-Peso I realized that as novel as that project was in terms of developing a Latin American cryptocurrency that these nations could embrace and make their own is heady stuff, but folks we missed something big. The team at Steem-Engine; ( @harpagon, @yabapmatt, @aggroed) have given us this marvelous new Steem blockchain sidechain Steem-Engine which is marvelous stuff by itself, but the marvels don’t end there! Folks the Crypto-Peso is a Token for sale on ANOTHER blockchains TOKEN MARKET!
We can buy this Token here on Steem-Engine!
Drum Roll Please ..👏👏👏👏
Steem-engine has quietly developed and implemented a cross chain technology which allows you to buy a Token on another blockchain. Using this technology and without even thinking about it, you can by a Token based on the EOS blockchain, here on Steem-Engine, which is based on the Steem blockchain. This is made possible using a software construct called Crypto-Converter. Most Steemians know that Steem-Engine creates Tokens which are projects which run on the Steem Blockchain. The EOS blockchain has its own Token economy like Steem’s Steem-Engine, and the Crypto-Peso is a member of the EOS token economy. Steem Engine has been amazing and recently added EOS to the internal market on Steem Engine and now Steem-Engine has added a Token from the EOS token economy to the Steem token economy.
This is an amazing development in cross blockchain economics.But @aggroed in particular went out of his way to credit the developer known as @privex who was responsible for creating to the “Crypto-Converter”, a software construct which allows other cryptos on another blockchain (EOS) to be traded on the Steem Engine exchange, which is based on the Steem blockchain. 👏👏👏
Steemians,
We should all be proud, this is the type of news we want on our Trending Page!
If the world takes a peak at our Trending page to see what wonders of software technology are being performed here, we want them to know we have a functioning side chain with over 50 Token projects there via smart contracts similar to Ethereum! which all bring semi-unique new users onto the blockchain or stimulates old users to return to activity or even gets old projects like DrugWars to return!
We want the world to know we have a software construct which allows other cryptos on another blockchain (EOS) to be traded on the Steem Engine exchange, which is based on the Steem blockchain. Thank you Steem Engine for Crypto-converter!
Hello 🗣🗣
These are exciting and marvelous times.
This is historic. There is so much going on right now with Steem that things of grand proportions are being missed. I am more excited then ever about Steem.
✍️ By Shortsegments
Picture Credit: PIxabay royalty free photos
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