About two weeks ago, Moosty announced the launch of a decentralized exchange based on Lisk SDK. We had the chance to ask them some questions and understand better the features and their plan for scalability.
Mercator Network is a DEX that allows Atomic Swap between a Lisk SDK-based blockchain application and Bitcoin, Ethereum or any other Lisk SDK based blockchain.
1) When did you come with the idea to build a DEX?
While being in Berlin for the Lisk.JS event, we had a brainstorm about our other project lisk.directory, a delegate marketplace. The brainstorm quickly went to a multi-wallet project and finally to a DEX.
2) How many people are working on it and what are their roles?
It is a team effort, so all of us are working on it [N.B. Moosty team consists of three members: Sander also known as Corbifex, Full stack developer; Raphael, Web developer, marketeer, designer, and Jurre, Innovation Manager / Public relations]. The coding part is mostly done by Corbifex, while Raphael and Jurre focus more on the concept and the frontend aspects.
3) How do you plan to scale it and what are the next steps?
The Mercator.Network client will be p2p, where peers can directly communicate. This distributed network will help scale orderbook distribution. On the Mercator blockchain itself only accepted orders are recorded. To help distribute the p2p network, nodes can be run by delegates to help relay communication between clients.
4) What are its points of strength and what are the differences with other DEXs, such as Jong’s one?
With the Lisk Hash Time Locked Contract transaction you lock funds in a contract on the blockchain applications chain. This contract can be redeemed when providing the secret before the contract expires or refund the sender in case the contract is expired and the secret is not provided before. Through a certain order of doing transactions, everyone can securely swap tokens between different blockchain applications with the peers.
Thank you for your time!
The team is still evaluating if/how it will be possible to become delegates in this sidechain and if share dividends with stakeholders. Lisk Directory is planned to be released in about 30 days and Mercator.Network in about 90 days, let’s see how the projects will be improved over this period.