The developers of multi-chain architecture project Komodo claim that it has created an implementation of its AtomicDEX that runs a full peer-to-peer (P2P) node in the user'southward web browser.

Komodo developers wrote in a printing release shared with Cointelegraph on Dec. 5 that the platform allows for non-custodial cryptocurrency trading through atomic swaps. The visitor has expanded its AtomicDEX mobile decentralized substitution (DEX) to work in web browsers on all major platforms.

Atomic swaps, according to the release, are a smart contract-based technology that enables users to merchandise digital assets without any tertiary-party involvement. The firm announced:

"Users who wish to make trades using AtomicDEX will be able to do so by simply visiting a URL and logging into their account; at that place is no need to download an application. In one case a user visits the page, the AtomicDEX application volition load into the browser and spin up a standalone p2p node. The application volition be entirely client-side; no sensitive data or private keys will be transferred to a tertiary party over the form of an exchange."

"AtomicDEX is the undoubted industry leader"

The beta of the mobile DEX launched its public beta before this fall and has seen over 3,500 beta testers so far. Komodo chief technical officeholder Kadan Stadelmann the lack of decentralization of many competing DEX implementations:

"While it's common to hear manufacture participants throwing around the terms 'DEX' and 'atomic swaps' to describe their tech, well-nigh solutions on the market place accept been pure hype or have seriously compromised their stated commitments to decentralization. Komodo'southward AtomicDEX is the undoubted industry leader, and we are fully prepared to back that statement up, full stop. Nosotros've been working on atomic swaps since 2014 and take even collaborated with their inventor, Tier Nolan."

Stadelmann further claimed that the house has conducted over 100,000 swaps so far and that its objective is to allow its user base of operations to trade cryptocurrencies without middlemen past typing a URL or using the phone. When asked by Cointelegraph whether having a centralized server distribute the software to web browsers at each use could have negative cybersecurity implications, Stadelmann said:

"Not really, as it's no more than centralised than any other software distribution platform/channel for any other DEX. By that metric, other websites and repositories where people can download a DEX (or whatsoever other decentralised app) tin also be seen as a sort of centralised distribution medium and central point of failure."

Komodo'south atomic swaps implementation

He pointed out that also GitHub tin remove specific projects as can Google Play and Apple App Store. He besides noted that the business firm runs multiple servers to avert having all their eggs in i basket. Also, boosted steps have been taken to prevent modified software from joining the network:

"The DEX software itself has validation mechanisms (digital signature) that would ensure that users are using the real and authentic DEX software. [...] Unsigned and thus potentially malicious software won't exist able to access the real DEX network."

Cointelegraph also asked Komodo's CTO how the arrangement acheives non-custodial management of assets based on dissimilar blockchains, given that many competitors concord user avails and represent them equally tokens on their blockchain. He explained how AtomicDEX handles swaps between crypto assets across blockchains:

"A swap between two chains really takes place between those ii chains — and non between proxy tokens and other "intermediate" layers. [...] We firmly state that no other DEX comes shut."

When asked nigh Komodo's solution to the lack of volume affecting decentralized trading platforms, Stadelmann explained that the firm hopes to accomplish it by sharing liquidity between all the third-party implementations that employ the firm'south application programming interface (API). Furthermore, he hopes that users will also integrate the DEX with centralized trading platforms to address the effect:

"AtomicDEX is natively compatible to be used with the APIs of various centralized exchanges (CEX). Then any stop-user could adhere his DEX node to a CEX through their API central - this fashion the user can mirror the CEX orderbooks over to the DEX and merely add a pocket-sized margin to even make profit out of the bargain."

Developments in the DEX space are becoming ever more frequent as competition heats up in what many believe to exist the future of cryptocurrency trading. In the latest example, Waves DEX recently announced a shutdown in preparation for renewed operations as a hybrid exchange.