Arwen startup, formerly known as Commonwealth Crypto, has launched a test version of the homonymous Protocol that allows to control the private keys of users trading on centralized exchanges.
Two big announcements! Arwen is now live on testnet! We invite traders to download and try out the secure non-custodial trading. We’re also thrilled to announce that our exchange partner, KuCoin, will be offering secure trading with Arwen in the coming months. https://t.co/M6heAHRXKe
— Arwen (@arwensecure) 28 January 2019 R.
Startup CEO Sharon Goldberg, describes its new solution as “Protocol of the second level, designed specially for trading”.
“You put a smart contract on the blockchain that blocks of coins. Once it unlocks, you can perform all kinds of operations … without their registration in the blockchain”, explained Goldberg.
According to cryptographer and co-author of the whitepaper Ethan Heilman, coins at this time remain fully intact.
Thus, note to Arwen, the new solution allows traders to secure access to liquidity of centralized exchanges. In this case users have no reason to worry about threats of hacker attacks.
A new solution involves atomically swaps with bitcoin, Litecoin, Bitcoin Cash. In future we plan to support zcash for, Ethereum and tokens of the standard ERC20.
In the second quarter of this year, the new Protocol plans to integrate exchange KuCoin.
We will remind, last autumn, the team 0xProject announced the launch of version 2.0 of the Protocol decentralized exchange.