As the week ends, let's take a moment to look back at what we've achieved in the past few days and see what we've got to look forward to in the week to come.
BasicSwap 📈
Following last week's release of BasicSwap v0.14.4, we've reviewed and begun work on the next milestones planned for the new release cycle.
Multi-Net Support 🌐
While we've implemented a significant portion of what's required to provide BasicSwap with multi-net support (the ability for BasicSwap to relay data messages such as offers, swap data, or identities using networks other than SMSG), this new functionality is not yet fully operational.
We're continuing development in this area and expect to complete a proof of concept using Simplex as the first integrated network relatively soon. As a reminder, this implementation standardizes messages and encrypts them using SMSG's methodology, allowing almost any data or messaging network to relay BasicSwap messages such as Telegram, IRC, Torrent/P2P networks, and others. As a significant plus, all messages are encrypted before broadcast, meaning that this approach presents minimal privacy compromises.
Light Wallets 🪶
After completing multi-net support, our next focus will likely be implementing support for light wallets or remote nodes for most coins available on BasicSwap. This will allow you to set up BasicSwap without syncing a full node or storing the entire blockchain on your device, significantly improving setup time and convenience.
Note that this feature will be offered as an option, allowing you to still set up the DEX using full nodes for maximum security and privacy if preferred.
Market Making and Advanced Trading 🤖
Integrating the current market making tools into BasicSwap's GUI is now this month's main front-end focus. While we intended to make more progress on it last month, a lot of time was spent refactoring the UI's back-end code which will pay off in the long-term and make BasicSwap better structured and easier for contributors to jump in.
Advanced Order Book Display 📈
Another area we plan to advance during the next development cycle is the addition of advanced data visualization in the order book, notably depth charts for each trading pair and split order book displaying buy and sell offers on separate sides
These improvements will bring BasicSwap's order book experience closer to what users expect when interacting with centralized exchanges, bridging the gap between traditional platforms and decentralized trading—allowing users to enjoy convenience benefits without the typical security trade-offs.
General Updates and Maintenance ⚙️
In addition to the major items mentioned above, we plan to investigate and implement a wide variety of general improvements, tweaks, and bug fixes over the next few weeks.
PART in MEXC Assessment Zone ⚠️
A few days ago, MEXC placed the PART trading pair in its Assessment Zone due to low order book liquidity and insufficient total value of PART coins deposited on the platform.
While this does not constitute a formal delisting yet, the exchange has communicated that the community must increase both liquidity and the total number of PART coins held on the exchange to maintain the listing.
Therefore, we invite community members who wish to preserve PART's presence on MEXC to consider contributing to order book liquidity and depositing some of their coins on the exchange.
As always, we thank you immensely for your passion and dedication to Particl and what it's working towards achieving. None of it would be possible without you all!
We wish you a great weekend we'll see you all back on Monday! 👋
The Open-Source Revolution
We're on a mission to create a private, independent, and pro-liberty digital economy that is fair and open to all. Learn more about what we do at any of the following links.
Be a part of the movement and join us in the fight for our freedoms by meeting the community and spreading the word far and wide!
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Learn more about Particl with these in-depth resources.
Website BasicSwap DEX Academy Wiki
Follow the link below to get a list of all other useful Particl-related links you may find helpful.