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the_trade_portal_-_info [03/12/2021 04:27] – gfactor | the_trade_portal_-_info [08/25/2021 20:01] – [Functionality] gfactor | ||
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The Portal is a system that makes use of the ACCT system by the CIYAM developers (http:// | The Portal is a system that makes use of the ACCT system by the CIYAM developers (http:// | ||
- | Initially, support for only BTC was implemented but found to be too expensive and slow to continue at this time. LTC was then implemented and has replaced BTC. In other words, BTC trade have been discontinued while the BTC wallet feature remains. There are currently LTC/QORT markets only. Native BTC and LTC support in Qortal allows users to store BTC and LTC in their Qortal UI wallet, just as they would in a BTC local wallet. Without the need for installation of a BTC or LTC wallet itself. | + | Initially, support for only BTC was implemented but found to be too expensive and slow to continue at this time. LTC was then implemented and has replaced BTC. In other words, BTC trade have been discontinued while the BTC wallet feature remains. There are currently LTC/DOGE/QORT markets only. Native BTC and LTC support in Qortal allows users to store BTC and LTC in their Qortal UI wallet, just as they would in a BTC local wallet. Without the need for installation of a BTC or LTC wallet itself. |
- | The system allows for completely cross-chain trades between LTC and QORT! Users NEVER RELINQUISH CONTROL OF THEIR COINS/ | + | The system allows for completely cross-chain trades between LTC, DOGE and QORT! Users NEVER RELINQUISH CONTROL OF THEIR COINS/ |
As time goes on, and development progresses, support for other coins/ | As time goes on, and development progresses, support for other coins/ | ||
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All that is necessary for the user, is leaving their core running. | All that is necessary for the user, is leaving their core running. | ||
- | **Important note:** If you wipe your database then you will lose access to any funds tied up in trades (QORT or LTC). For pretty much the same reason as if you wiped your Litecoin wallet DB. | + | **Important note:** If you wipe your database then you will lose access to any funds tied up in trades (QORT, DOGE or LTC). For pretty much the same reason as if you wiped your Litecoin wallet DB. |
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- | Below is an infographic with the steps of the Trade Portal easily understandable cross-chain trade explanation. | + | |
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