Anonymous digital currency system Loki launches DeFi asset cross-chain flash swap service Blockswap

The anonymous digital currency system Loki Network (LOKI) announced the launch of the DeFi asset cross-chain flash swap service Blockswap, which allows users to directly convert any encrypted assets in the Blockswap liquidity pool to other assets, such as converting Bitcoin to Ethereum and XMR To LOKI, USDT to Bitcoin, etc. Blockswap uses some familiar DeFi concepts (such as liquidity pools, etc.) that users are familiar with, but Loki also references some new elements, such as decentralized vault nodes and quotations, web front ends that can access two sites at the same time, anonymous Function etc. Blockswap supports the function of direct exchange of cross-chain assets, and does not rely on “wrapped” ERC-20 tokens or other synthetic assets to achieve cross-chain exchange. No 5 or more steps are required to exchange assets. The user does not need any special wallet or other software. Only a browser, assets, and wallet address for exchanging assets are required. All liquidity pools of Blockswap are secured by LOKI. Using common quotation and state machine mechanisms, the exchange process does not even require Loki wallets. In addition, Blockswap’s PrivateSwap mode allows users to use the Loki blockchain to protect privacy. In this mode, funds will be temporarily stored on the Loki blockchain and then exchanged out in the form of blocks, thereby effectively ensuring participation The privacy of the author is protected, and the feasibility of this model is currently being studied. According to Block123, Loki’s core goal is anonymous and private transactions, based on Monero, but it only uses Monero privacy technology to lay a network of service nodes for some of its functions and realize private communications on the Loki network. Loki has made improvements to Monero technology, borrowing from the Dash node reward system, and assigning rewards to nodes according to percentages, which not only provides greater network flexibility, but also serves as an auxiliary network.