Surging prices, anticipation, and steady coin interest round out today’s headlines.
A Monero DEX built by the Community is now Live
Regulators, as we have seen from time to time, don’t like “private.” They want the technology behind privacy-centric cryptocurrencies. However, blending it with advanced cryptography and privacy-obfuscating technologies like Ring Signatures and others is problematic.
For this, Monero and most privacy coins find it hard to list at centralized, regulated exchanges. The only route for better liquidity is, therefore, DeFi.
Here, for XMR to effectively trade, they must be wrapped.
The good news now is that Haveno, a Monero-based DEX, is currently being developed. Its basic framework has proven to be working. Once live, it will allow the conversion of fiat to XMR and vice versa.
In the spirit of decentralization and blockchain, the Community controls the DEX. Presently, the DEX is still being conceptualized, but the base mechanisms work. Developers can test XMR swapping.
Besides Haveno, Monero developers are already working on Bitcoin Monero atomic swaps. All these are efforts to counter regulators doubling down, forcing listed liquid exchanges to ban Monero.
IOTA Path to Decentralization: Nectar Incoming
IOTA plans to power the internet of things and be the core of the future machine economy. Quite ambitious but are on the right path for greatness.
After criticism about its federated Coordinator—designed to protect the network against Thirding attacks—or the blockless DAG version of 51 percent attacks, its developers plan to switch off the centralized node through Coordicide eventually.
It will be activated in phases.
The “Honey” stage is where IOTA will be truly decentralized. Before then, Nectar-the first feature-complete implementation of decentralized IOTA is “due in weeks.”
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