Atomic Swaps: Present and Future of the Farcaster Protocol

on YouTube ↗06m

" summary

Rust microservices implement a symmetric Bitcoin–Monero atomic swap protocol that can sweep Monero to a destination and act as an automated maker via forecaster.dev, using zeroMQ messaging between isolated services for swap state, crypto, and DB. Project hits 10 of 16 milestones, never exceeded three concurrent devs, and is late with a manual release expected in one to two months. API is nearly complete, GUI work starts soon, emphasis on robust fund recovery, and proposals to fix the Bitcoin-locks-first free option include delay puzzles, proof of ownership, or a reputation layer.

AI-written summary · about

" chapters (6)

1. 0:00Start
2. 0:41Farcaster Project Description
3. 1:11Atomic Swaps
4. 1:45CCS - Community Crowd System
5. 2:36Why Farcaster?
6. 4:37Future Challenges

" related talks

• 45mTari & Monero and Joel Gugger on Monero Atomic SwapsRiccardo Spagni, Joel Gugger · 36C3: Resource Exhaustion
• 37mEthereum-Monero Atomic Swaps & Layer 2Elizabeth Binks · Monerotopia 2022
• 01h 33mFantom - Consensus 2022 FoundationsMichael Kennedy, Michael Kong, Owen Palmer, Pete Ho, Sam Bond, Justin Silver, Austin Rampt, Clay Kilgo · Consensus 2022
• 21mExpanding Horizons of DeFi Swap Marketplaces and BeyondSergej Kunz · Pragma Cannes 2025
• 20mIBC RoadmapJack Zampolin · Cosmoverse 2023
• 09mAgora Trade: Cross-chain, Decentralized ExchangeReto Trinkler · Web3 Summit 2018
• 29mDecentralised Exchanges: The Future Of Crypto Trading?Loi Luu, Ronald Bernstein, Maxim Pertsovskiy, Michael Oved, Balazs Deme · TOKEN2049 Hong Kong 2018
• 01mConnecting Bitcoin Payment LayersMichael · bitcoin++ Buenos Aires 2024, payments edition