The Continuing Evolution of Leofinance
As I wrote my last post on the adoption of atomic swaps for cross-blockchain trading, as a solution to some of the risks inherent in token wrapping/tokenization, I began to wonder how such technology might be assimilated by the Leoborg...Atomic Swap Post There’s a link there to bring you back here, if you want to go there first.
Blocknet
The six year old project Block DX is joined by and facilitated by another Blocknet project called #XBridge, the actual part of the the Blocknet Protocol that makes cross-chain atomic swaps possible. But interestingly a separate project using this to facilitate cross chain transactions between the number one and number two blockchains in the world, based on size and renown; Bitcoin and Ethereum was finished, sort of...it required development of a special wallet, called a Lite Ethereum wallet. Which was recently finished. So we are in a calm before this gets widely know, I found it on Medium cause I like this stuff post and wheels are turning in my head about how this could help here. So....
This got me thinking, that cross chain transactions between BTC and ETH using this construct called XBridge was great, but what if other tokens with great vision jumped on this XBridge idea and suddenly were onboarding Bitcoin Maximalists onto their DPOS based blogging website, where for a few thousand Satoshi they could wax eloquently in an educated crypto community about the joys of owning Bitcoin.
Rinse and Repeat for Ethereum. Or start there. Plus connect the dots between XBridge, Leofinance, Uniswap, WLEO-ETH Liquidity Pool and Bitcoin investors by explaining / demonstrating how Leofinance blogging provides tokens as an additional stream of income, on the way to Uniswap and the main desired source of income ETH based DeFi. Leofinance could be a pathway providing additional income and thus be the preferred pathway, facilitated by fast, free, DPOS transactions.
@khaleelkazi and team...
I know that’s a lot to unpack, but if any audience will get it, this one will and add to it.