Blockchain Ventureon plans to catch up with Bitcoin and Ethereum by popularity

Blockchain Ventureon plans to catch up with Bitcoin and Ethereum by popularity

Ventureon developers accept congratulations from the team.  There was an epoch-making event in the history of the project: yesterday, on May 20 at 16:16 UTC, the first atomic transaction from BTC to VNN was held.  

"Analysts and specialists in the field of crypto currency forecasted the wide use of atomic transactions not earlier than 2019, but we are sure that this will happen much sooner!  We are happy to announce that the development is proceeding even faster than planned. And today for us there was literally a historical event. Our young project, along with such popular blockchains as Bitcoin etc, has accomplished what traders and all cryptornics have been waiting for so long, "concluded Igor Brikov, leading developer of Blockchain Ventureon.  

Developers of  Ventureon spent mega-effective last week and made an impressive leap forward.  "The wives of our colleagues complain that they will soon forget what their husbands look like with such a rate of immersion in the development processes," joke in the laboratory of the developers of the Blockchain Ventureon project.

 

Technological Introduction of Atomic Swaps

In preparation for atomic transactions, developers introduced another type of address specifically for gateways.

An example is G: fpfE7ntDXAsya96ED7ifWs9.  The system’s gateway address has the status of "complete trust", the name speaks for itself.  All transactions go through this address G, otherwise without an address transaction will not be written to the blockchain.

Transaction duration

The first transaction lasted 14 minutes and 3 seconds.  Of these, 14 minutes fell on waiting for the first confirmation on the BTC network.  

References to transaction

Transaction VNN network: https://2564.vnn.money/tx.php?tx=92fbf40d548a5910c360ee0adff9385286ddabe89733d65eace947d89559f671

Transaction in the BTC network: https://blockchain.info/tx/45145326121cae972a80fb942bdd6f143903b15a264cc9193aecff6e9d85b947

Transaction wallet recipient: http: //  prntscr.com/jki8ye.

Process of atomic swap in VNN

Example of charging from the address of the system smart contract SSC: to miner: https://2583.vnn.money/tx.php?tx=632d3521d4789f2ba3448254233b78f742c82fb25b28dde09b1cf7eb9107e064.

In the atomic case: https://2583.vnn.money/tx.php?tx=92fbf40d548a5910c360ee0adff9385286ddabe89733d65eace947d89559f671.  

From the user’s BTC wallet 1GQUgQaDiqy858SkJoXx5gTKuSX8aDNtCo money is sent to the one-time address of our gateway in the BTC network: Gateway 1FnTK8wgahDVF1uUvrHbMhQDVWywg1WAHr.

Once the VNN has received the first confirmation, Gateway G Gateway: fpfE7ntDXAsya96ED7ifWs9 forwards the VNN to the user at its VNN address: E: ejQykj4DTs3RsrQp2cWUes1.  

Soon the developers of Blockchain Ventureon plan to make transfers between third-party blockchain, for example, BTC-ETH.  We hold our fists for them. Sure, they will succeed.

Want to keep abreast of the news of the project - subscribe to the telegram-channel Ventureon.  

 

Background

Atomic swaps, atomic transactions, or transfers between two different blockhouses - this is almost a popular topic for discussion in the modern blockbuster community.  The first ever atomic transaction took place in 2017 in the Decred network. Later, the Bitcoin Cash platform was added.

"Someday, all crypto-exchange exchanges will use this technology," writes Deswurstes.  - Atomic swaps are a very reliable way of transferring funds. If crypto-exchangers do not use atomic swaps, users will switch to other platforms."