NeurAI Project / XNA@neuraiproject
🔬Neurai Swap
The biggest challenge in creating a decentralized exchange (DEX) platform when the currency is UTXO based and lacks advanced smart contracts as is the case with Bitcoin or Neurai is the complexity involved in allowing users to place a sell order without relying on a third party.
What we typically encounter are platforms where you sign up, deposit your coins into an address provided by the platform, and send your coins and tokens there. Just like an exchange, where they control your funds.
♻️ Neurai SWAP
Our platform uses ASSETS in various ways, and to move them between different people, there is a gap that we solve with our decentralized solution.
☑️ It does not control any addresses.
☑️ It does not control any wallets.
☑️ It does not access any private keys.
✍️ Here’s how it works:
✅ The seller sets up Neurai SIGN with a wallet containing an asset.
✅ The seller selects the asset they own, sets a selling price, and partially signs the transaction.
✅ Neurai Swap displays this information on the website; that’s all.
✅ A buyer configures Neurai SIGN with XNA coins.
✅ The buyer purchases the token being sold.
✅ This purchase is a digital signature created with Neurai SIGN and sent to the mempool.
✅ The seller covers the final fee, which is approximately 0.1 XNA.
When any website accesses information from Neurai SIGN, it informs you of what it is doing and what it wants to sign, but it never transfers the private key.
In the coming days, we will release a test version, and we are waiting for the addons compatible with this platform to be updated; for now, they are only available on our GitHub.
#Nuerai #XNA $XNA #SWAP #DEX #IoT