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- | The Trade Portal | + | Qortal’s |
- | Qortal’s Trade Portal | + | How can Qortal |
- | How can Qortal guarantee no theft can occur within the Trade Portal? Simple. The fact is, the Trade Portal utilizes LOCAL wallets | + | The Trade Portal is a system that makes use of the ACCT system by the CIYAM developers (http:// |
- | The Portal is a system | + | As time goes on, and development progresses, support for more third party blockchain coins will be implemented into the system. Also, Qortal will provide a platform for projects to build on Qortal and have their own token, so those will be available to Qortal' |
- | 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/ | + | Votes in the system will be the primary factor as far as which new coins/ |
- | The system allows for completely cross-chain trades between LTC, DOGE and QORT! Users NEVER RELINQUISH CONTROL OF THEIR COINS/ | + | ===== Atomic Cross-Chain Trades (ACCT)===== |
- | As time goes on, and development progresses, support for other coins/ | + | With Qortal, we are swapping directly between blockchains, in a truly peer-to-peer fashion, with absolutely no centralized component between them (no middleman or any risk of counterparty risk). This is commonly known as ' |
- | ===== Functionality ===== | + | The Trade Portal functions by making use of an automated system that creates and executes placement of Atomic Trades (or ATs) on behalf of the private key of a ' |
- | The Trade portal functions by making use of an automation system | + | When a user lists a sell order, their QORT is removed from their wallet and placed in an ' |
- | The account' | + | Check out the [[Trade Portal FAQ]] page! |
- | + | ||
- | 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, DOGE or LTC). For pretty much the same reason as if you wiped your Litecoin wallet DB. | + | |
===== Additional Notes ===== | ===== Additional Notes ===== | ||
- | The trade portal | + | The Trade Portal |
- | That being said, it's likely that a lot of these issues could be detectable upfront - e.g. we may be able to better screen out offers where the buyer’s or seller' | + | That being said, it's likely that a lot of these issues could be detectable upfront - e.g. we may be able to better screen out offers where the buyer’s or seller' |
- | + | ||
- | We will try and look into this particular sell offer as soon as we can to see if anything can be improved in the next version(s). | + | |
Currently, if the node that listed the sell offer is in a bad state, all attempts to buy it will be refunded (after 1 hour or more). The sell order disappears from the list as soon as the selling node acknowledges that there is a buyer - we refer to this as " | Currently, if the node that listed the sell offer is in a bad state, all attempts to buy it will be refunded (after 1 hour or more). The sell order disappears from the list as soon as the selling node acknowledges that there is a buyer - we refer to this as " | ||
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QORT will eventually go fee-less on QORT side for trades, but there' | QORT will eventually go fee-less on QORT side for trades, but there' | ||
- | It is normal for cryptocurrency transactions to take a while and not be immediate. They take a certain number of " | + | It is normal for cryptocurrency transactions to take a while and not be immediate. They take a certain number of " |
+ | |||
+ | ===== How To Use The Trade Portal ===== | ||
+ | |||
+ | Please go to the [[How To Use The Trade Portal]] guide! |