16) Finally, there's SRM: the Serum token, a SPL (Solana based) token that powers Serum.
100% of net fees go to a burn of SRM, holders get discounts on fees, and SRM can be staked on nodes to help optimize the network's performance.
Conversation
19) Join us on Telegram (web.telegram.org/#/im?p=@Projec), twitter (twitter.com/ProjectSerum), and online (projectserum.com).
Or see us soon, on a blockchain near you. (And maybe an exchange.)
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20) (also the website just went live, so it could take 20m or so for the DNS records to propogate. Sorry about that!)
Meanwhile you can play a fun game on Solana:
break.solana.com/setup?cluster=
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Interesting, any more info on the 'cross chain capability' means between them ? Is it as simple as sending to a deposit address on ETH and getting credited with a token on Solana much like how renBTC works?
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Yeah sort of like that, but:
a) fully trustless
b) also a cross-chain swap
The whitepaper has an illustration of a version of it: projectserum.com/serum_white_pa
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From the whitepaper- how does the SC contract on ETH parse the BTC blockchain? I assume via an oracle ? In the case of other projects its via oracle or incentivized node operators, not exactly 'trustless' tho. Also HTLCs are burdensome to deal with
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HTLCs are a pain; we don't use them.
For the 'oracle'--the awesome thing is that if two sources disagree on the BTC chain, the ETH/SOL smart contract can tell who's right (longer valid chain). So you can just let the 2 people in the dispute both submit, and the truth will win.
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can it deal with off-chain assets?
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It can deal with anything where a computer could figure out the truth. So that applies to blockchains and math and stuff, but not elections (Trump is not on the blockchain).
(Well sorta--ftx.com/trump-tokens)
