RE: Monero Is Decoupling From All Markets, And That’s a Good Thing
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The more they suppress it, the more people start paying attention and then want it. There are several DEXs built around it, they are still just kind of clunky and hard to use. I still do not understand why it's not listed on Thorchain or Maya. Drives me nuts, and nobody has ever been able to give me a good reason as to why not.
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Considering XMR won't tell you the sender, receiver, or amount of crypto on the blockchain I assume the technical complexity of integrating that into a DEX is much higher than other networks. How do you even begin to stop a node from cheating someone if the cheat can't be proven on-chain? I'm surprised integration is even possible but apparently it is.
I would assume it would need to be something like Simpleswap that would have a specific address that would be expecting a certain amount or something. I don't know, I have my smart moments, but not that smart to know how or it would already be done, lol. I normally use the internal exchange in the Cake Wallet that uses various centralized and decentralized liquidity sources to swap from LTC or BTC. To go from Hive, I just use Simpleswap. But I am looking at things like Bisq which you have to download to your computer and it connects through TOR I believe. It's just not like what a traditional Uniswap like DEX or even centralized exchange looks like. It's more like what LocalBitcoins and LocalMonero were.
Two things that don't exist on XMR blocks :D
So basically it's a shared address that anyone can peek at.
Yeah I don't know enough about XMR clearly.
I just know that with simpleswap, it gives a subaddress for you to send XMR to if you are sending to it to exchange for something else and it processes it that way. There is a view key for every wallet that can be made public by the user, so they have it on their end. Like with the Hivelist store and the payment plugin I am using there, I have my wallet entered in the admin settings, and the view key so that the plugin can see if the transaction lands in the wallet, then it processes the payment. The View Key allows someone to see into the wallet but not do anything with it.