Oct 03 2024 74 mins 19
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TODAY'S SHOW: Douglas Tuman interviews Dr. Kapil from BasicSwap and Particl to discuss advancements in decentralized exchanges, specifically focusing on Basicswap being the first and currently only bidirectional atomic swap dex involving Monero and other privacy coins.
He highlights BasicSwap's unique approach, which eliminates centralized intermediaries, allowing for fully decentralized, non-custodial swaps between cryptocurrencies.
Dr. Kapil also touches on the challenges of atomic swap adoption, including the need to run full nodes and the complexities of decentralized exchange setups, while teasing upcoming solutions that will make the process more user-friendly.
TIMESTAMPS:
(00:01:13) - Interview with Dr. Kapil begins, discussing decentralized exchanges and privacy coins.
(00:03:01) - Updates on BasicSwap since Monerotopia 2023
(00:05:32) - BasicSwap expands integrations with other privacy coins
(00:06:49) - The importance of having Monero off centralized exchanges
(00:09:40) - Detailed explanation of how atomic swaps work at a protocol level
(00:11:05) - Discussion of the decentralized peer-to-peer messaging protocol (SMSG) that powers BasicSwap
(00:12:41) - Requirements for setting up BasicSwap - your own Swiss bank for Monero.
(00:22:15) - Practical setup: Users can download and configure BasicSwap on Windows, Linux, or macOS.
(00:44:25) - Comparison between privacy-based and surveillance-based systems
(00:47:07) - Upcoming Monero updates and discussions around the impact of new full chain membership proofs.
(00:49:45) - Reflection on Monerotopia 2023 and the growing privacy tech community.
(00:51:29) - Cross-collaboration between privacy projects like Particl and Monero.
(00:56:00) - Dr. Kapil reflects on his professional role and his involvement in privacy tech.
(01:12:16) - Closing remarks
LINKS:
https://x.com/particlproject
https://x.com/thegreatestdoc
https://x.com/BasicSwapDEX
Purchase Cafe & tip the farmers w/ XMR! https://gratuitas.org/
Purchase a plug & play Monero node at https://moneronodo.com
SPONSORS:
Cakewallet.com, the first open-source Monero wallet for iOS. You can even exchange between XMR, BTC, LTC & more in the app! Monero.com by Cake Wallet - ONLY Monero wallet (https://monero.com/)
StealthEX, an instant exchange. Go to (https://stealthex.io) to instantly exchange between Monero and 450 plus assets, w/o having to create an account or register & with no limits.
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HOST: https://twitter.com/douglastuman
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