Development Update #91
Exchange GUI is in progress.
- The exchange client is a very light weight terminal application.
- When exchange app starts, you put in your pass phrase for deterministic wallet generation
- It communicates with exchange over encrypted channel.
You can transfer between local wallet and the exchange very easily
As long as you remember you wallet password (the phrase that generates the wallet), then you can access the coins from anywhere.
There is no physical wallet, on disc that can be confiscated or even proven to exist
- start exchange
- put in key for deterministic wallet generation
- send Skycoin to exchange from local wallet
- sell Skycoin for Bitcoin
- Send Exchange Bitcoin to remote address
- Pull remaining skycoin back to local wallet
- start exchange client
- put in wallet generation pass phrase
- check bitcoin balance for local wallet
- send bitcoin from local wallet to an address (sign transaction, inject transaction)
- close exchange client
This is not really an “exchange” or a client. It is more like a bloomberg terminal for Bitcoin/Skycoin.
You do not need to “login” to the exchange with a user name or password - your public key authenticates your identity
Cell Phones, Windows 10 and all operating systems are backdoored. - This will eventually run on a MIPs or ARM processor, that is not even running an operating system.
There is an RPC between the client and exchange server. There are a small number of actions on the command channel. - Check BTC balance [address list] - Check SKY balance [address list] - Withdrawal Bitcoin (pull coins from local wallet) - Deposit Bitcoin (push coins form local wallet) - Withdraw Skycoin (pull coins from local wallet) - Deposit Skycoin (push coin from local wallet) - Place Bid/Ask (update order book) - Cancel Bid/Ask
Then there are events such as - order book updates - coins received into address - pending withdraw completed (transaction executed on blockchain) - bid/ask order executed
The command and event channel are asynchronous and will run over anything that can send bytes. In this case I am running over uTP. - Bitmessage - IRC - TOX - Torchat, etc - email - SMS - tor
Eventually it should be possible to have multiple transports and go hop to hop from nodes to communicate with a destination designated by a public key hash (purpose of the darknet/meshnet/vpn).
This is moving away from - no dependence upon the operating system - no dependence upon a web browser - no dependence upon DNS - no dependence upon HTTPS - no C code that can be buffer overflowed (memory safe) - no external library dependencies (4,000 lines of code) - easy to extend or modify
Maybe will have a command line for getting the unspent outputs for an address or creating transactions by hand.
Right now, the exchange just has to replace bitmessage for buying/selling, because it is too slow and frustrating.
This is also a test, to see if this is the right interface type for darknet/vpn/routing administration.
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