Quack Plugin - Asset to Asset Trading
NXT plugins are standalone applications that
bring additional functionality to the NXT client
and allow users to customize the NXT client to
fit their needs. Quack is a new NXT plugin
developed by blackyblack1. Quack aims to
facilitate easy, safe and secure atomic swaps
of NXT assets and monetary system currencies.
This is an exciting addition to the NXT
ecosystem as it will make trading on the NXT
- Asset<>Asset
- Asset<>Currency
- Currency<>Currency
This functionality became possible after the recent hard fork to NXT 1.7.4 when phased transactions were implemented. Both users on both sides of the trade need to agree to the transaction before the transaction can go through. Perhaps the most significant aspect of the Quack plugin is that it allows NXT assets and monetary system currencies to be bought directly with BTC via the pegged asset superBTC. A plugin functioning akin to a decentralized escrow service, the possibilities with Quack are endless!
Quack is a fantastic example of the NXT community coming together to develop a solution and bring additional functionality to the NXT platform by creating a plugin. If you would like to tip the creator of the Quack plugin, you can enable tipping through Quack trades (3 NXT).
Although the core NXT developers do
plan to add asset-to-asset trading
functionality to the core client in the
future, this will take some time to be
implemented so for the time being
CORE recommends you give Quack a
go! For more information and to obtain
the Quack plugin go to NXT forum.
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