Swaptacular's Network of Trust

Imagine this: Paul is an owner of a restaurant. The business is good. Many people love Paul’s restaurant. Unfortunately, the old, but very expensive ventilation system has stopped working, and needs to be replaced. Paul applies for a bank loan. They make him sign a bunch of documents with lots of fine-print. Paul has no choice but to trust them. From now on, Paul and the bank are “partners”.

Sounds familiar?

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What is a Currency Peg?

Allowing everybody to create and issue their own currency is a terrible idea, right? Wouldn't this turn into a complete mess?

Well, yes, and no!

This is where currency pegging comes in:

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See Swaptacular in Action

After months of hard work on the Currency Issuer UI, and the Currency Holder UI, I am happy to show something that works reasonably well (fingers crossed).

There are two apps: My currency and My wallet. The fist app allows you to create your own currency. The second app allows you to use other peoples’ currencies, including your own one. These are progressive web-apps (PWA), which can be installed and can work offline.

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Introducing Swaptacular

Digital currencies are all around us. Nowadays, it is relatively easy to become a holder of a digital currency, but it is not at all easy to become an issuer of a digital currency. Swaptacular tries to make creating and issuing new digital currencies possible for everyone. The Swaptacular project consists of three things:

  1. The network architecture
  2. A set of interoperability protocols
  3. Reference implementations for the interoperability protocols
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