Frequently Asked Questions
An exchange platform is composed of three elements: token storage, the exchange operation itself and transaction clearing. In order to be truly decentralized, all of the elements have to be implemented in such way, which is what no one has done before. All the projects at this moment ignore the last part - transaction clearing. It's still done on one or multiple servers under control of one single entity, which means the operations can be compromised, blocked, rolled back, tampered with, fed to a dog, call it whatever - it's still not acceptable and not inherently secure. We are working on making the last piece of the decentralization puzzle in form of Arianda Network, which is specifically designed to do decentralized transaction clearing.
We are also doing our best to develop the most user-friendly interface because we are convinced that a tool with a familiar interface will bring the blockchain world closer to people who are long used to the simplicity and convenience of the classic online banking software.
- A long-time blockchain enthusiast may cope with the interface of EtherDelta, but try explaining how to use it to your former not-so-wise classmate Joey. If we, as a community, want more people in the cryptocurrency world, we desperately need a solution which is accessible and familiar to anyone. Joey doesn't need to know how an engine works to drive a fancy car, and neither he has to know how cryptocurrencies work to use them.
- Cryptoasset owners, who are seeking a simple, convenient and a secure solution to store and trade their tokens, even the ones with low liquidity.
- Traders who wish to make secure and fast deals.
- People willing to earn XCH by becoming a part of the network (creating a Matcher node or becoming an Arbiter). See the Crowdsale page or the WP for details.
Desktop and mobile wallet applications with amazing user-friendly interface available on all major platforms (Windows, OS X, iOS, Android);
Built-in peer-to-peer decentralized on-chain exchange that allows to easily trade any ERC-20 tokens (in the future, a cross-chain exchange will be supported);
Private clearing nodes (Matcher nodes) and liquidity pools that allow instant off-chain trading;
Smart Contract builder - the tool that allows users easily to create customized smart contracts for scheduled or conditional transactions;
XCHAINGE Foundation, the non-profit fund established in the Principality of Liechtenstein by Russian co-founders, who invested the first batch of their money into the project.
The engineering team consists of a dozen highly skilled developers who all have worked on various cool products (see the Team page for more info)
We are passionate about improving the infrastructure of the ETH network and with the help of equally passionate community, we could do great things! The best we can do is to go open source.
We expect that our work will be used in other ETH-based projects. Just as we took inspiration from 0x, another team could start off with our code. Think machine learning. Big companies did huge R&D so that anyone can use their tools and start their own ML-based projects with ease.
No, we don't. The stand out feature of xChainge is that every part of it is decentralized.
Bottom line is that our users run Matcher nodes which are bound together by Ariadna protocol to ensure decentralized exchange.
One doesn't simply disable such a network in one click :)
TL;DR The 51% attack is not possible in Ariadna network.
In order to meet consensus in transaction processing, the network selects 6 random nodes to form a transaction processing cluster, which does the calculations and result verification. The number 6 is not a final number and the size of the cluster will be most likely adjusted during R&D. Even if it turns out that one person controls all the nodes of a cluster, which is incredibly unlikely by itself given the expected size of the network, the node owner might not know that he's processing a transaction at a certain point of time, let alone know what that transaction is, as this information is hidden.