Ryan, XUC European and American Marketing Director: Exchange union will open a new era of digital asset exchanges!

E xchange   Union (Exchange Alliance) is an open source blockchain technology software that is dedicated to connecting and opening up global digital asset exchanges, enabling users of each exchange in the exchange alliance to instantly complete digital asset transactions of any currency at the best price, which is safer and more convenient, while improving the liquidity of the exchange and increasing the exchange's income.

Recently, a reporter from Bitcoin Home had the honor of interviewing Ryan, the project's European and American marketing director , and discussed with him areas such as blockchain technology and XUC.

The following is a summary of the interview content.

Real application scenarios, a win-win situation for both parties

The global popularity of cryptocurrency has spawned thousands of exchanges, but due to factors such as geography, exchange rates, and investment environment, digital asset exchanges have their own advantages and differences. However, for users, one of the problems caused by the different exchanges is the difference in currencies and prices among exchanges.

"The emergence of the exchange alliance is expected to solve the above situation," Ryan, the marketing director of Europe and the United States, told reporters, "because the software connects various exchanges and uses the three most cutting-edge payment channels, atomic swap technology and XUC's independently developed decentralized order book technology in the blockchain field to build an exchange alliance network, connecting global asset trading platforms, so that investors can buy the desired currency at the best price at any exchange in the alliance."

Ryan seemed extremely confident when talking about the role of the software. He believed that from the beginning of the project, the team had a clear direction and was supported by real application scenarios. The problems to be solved were also urgently needed in digital currency transactions. Most importantly, with the software's decentralized order book technology and blockchain technology, the vision of connecting global exchanges is not difficult to implement.

In addition, connecting exchanges does not mean that the software will seize the exchange's users or reduce the exchange's trading volume. On the contrary, by building an exchange alliance, the users of each exchange will not be lost. It will only enhance the trading experience of the exchange's users and help the exchange increase user stickiness and trading volume. It is a win-win situation for both parties.

To sum up, Ryan believes that the exchange alliance will usher in a new era of digital asset exchanges!

How the Exchange Alliance Works — Alice’s Story

When asked about the operation principle of the exchange alliance, Ryan gave an example of Alice. Alice is only registered in exchange A, but wants to buy LTC, but exchange A does not have it, or the LTC of exchange A has a premium, but fortunately, transaction A uses the technology of XUC (Exchange Alliance). At this time, Alice enters the order instruction: use the ETC in the wallet to buy LTC . The system will announce Alice's order in the entire alliance network through the "decentralized order book" and automatically screen the corresponding sell orders in the alliance. At this time, the system will match the best price and complete the transaction immediately.

As for how to ensure speed and security, it is achieved through "payment channels" and "atomic swap" technologies. " The micropayment channel based on Lightning Network and Raiden Network technology allows both parties to make fast and low-cost payments. It inherits all the security attributes of the public chain, and because the transaction operation is transferred to the off-chain, it ensures the massive, instant and secure transactions!   " Atomic swap " Atomic swap ensures the "atomicity " of asset transactions , that is, all steps either occur completely or not at all. This enables transactions between two assets (such as LTC and ETH in the previous example ) without trust endorsement .

Incentive Mechanism - Exchange Alliance Token XUC (Snowcoin)

The Exchange Alliance has a token called XUC (Snow Coin), with a current circulation of 65 million . As an open source project, the Exchange Alliance token is mainly used to reward engineers who contribute technical code to the Exchange Alliance project, to motivate exchanges and users to join the alliance, and to provide payment channel services and forward nodes that verify orders.

It is worth mentioning that since most of the tokens of the exchange alliance will be used for incentive reserves , XUC is more scarce and deflationary than other public sale tokens . Currently, XUC has been listed on large trading platforms such as OKEX legal currency trading area, ZB network, H it BTC , etc.

Focus on technology and achieve the mission

As the token of the exchange alliance, XUC is extremely valuable and has great potential, but it is not well-known, especially for some ordinary investors who are not deeply involved in the market. When the reporter mentioned this issue to Ryan, Ryan explained that the team’s current core task is technology development, especially embedding the Raiden Network, Lightning Network and atomic swap technology into the XUD software, and completing atomic swaps between ERC20 tokens based on the Raiden Network in the XUD software. This took a lot of effort from the team. However, the progress of this technology has been extremely successful, and the test results are satisfactory. In addition, the exchange alliance has also established a cooperative relationship with the smart contract platform (RSK), which further promoted the rapid advancement of the project technology.

With the halo on your body, you can move forward with humility

Although the project is not well known by investors, the Exchange Alliance has a great reputation and popularity in the industry, especially in the eyes of the media and investment institutions. Recently, the project team participated in the first Global Blockchain Leaders Summit and won the "Most Popular Project Award of 2018" at the meeting. In this regard, Ryan was very humble and did not discuss the matter too much. The project team seemed very calm about the honors given by the outside world. According to the reporter's observation, the project team of the Exchange Alliance has always acted in this way. Although they have frequently appeared in some meetings recently, most of them are technology-related meetings, such as the 4th Blockchain Consensus Conference held in New York and the Blockchain Second Layer Extension Technology Summit held in Boston.

A team that is so devoted to technology is truly a breath of fresh air in the impetuous blockchain field. In view of this, it is not difficult to understand why the price of XUC (Snow Coin) can withstand a bear market.

Finally, the reporter asked Ryan a question that investors are most concerned about, "Will XUC rise recently?" Ryan replied: "The short-term rise and fall of the currency price depends more on the fluctuation of market conditions, but investment in the blockchain industry should be an investment in value. The future trend of the currency released by truly valuable projects will definitely rise, there is no doubt about that."

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