WallStForMainSt: Kilian Rausch: Combining Lightning Network & Atomic Swaps to Make Crypto Currency Trading Easier?
Jason Burack of Wall St for Main St interviewed first time guest, Product Director from block chain technology startup, Exchange Union https://www.exchangeunion.com/, Kilian Rausch.
Exchange Union's presentation from the 2018 DC Blockchain Summit in March 2018: https://youtu.be/49qmJNpeX2I
Follow Exchange Union on Twitter: https://twitter.com/exchange_union
Exchange Union's blog: https://blog.exchangeunion.com/
During this 30+ minute interview, Jason starts off by asking Kilian if the crash of more than 70% in price of many crypto currencies has prevented large corporations that had already announced plans for moving forward with block chain technology innovations from postponing or cancelling their projects and/or block chain technology startups that are actually innovating, like Exchange Union, from being able to raise capital?
Kilian thinks in the long term that this wash out will be a good thing as many alt coins and initial coil offerings (ICOs) were fraudulent.
Next, Jason asks Kilian what the Lightning Network is, the progress it has made since it went live a few weeks ago and how Exchange Union plans to integrate this exciting new technology?
Jason also asks Kilian to explain what atomic swaps are and how Exchange Union is planning on using them?
Kilian talks about how Lightning Network plus atomic swaps being combined are the keys to what Exchange Union is working on to develop software that seamlessly connects crypto currency exchange and online crypto currency trading platforms around the world so it's fast, cheap, easy, efficient and convenient for a customer of say Coinbase to buy different crypto currency that Coinbase does not offer from any exchange on the planet.
Kilian walks us through a sample trade showing how the software that Exchange Union is working on will make it easier to trade crypto currencies.
This is an exciting block chain technology startup with a good plan. It will be interesting to watch the progress Exchange Union makes as they work towards launching their software in mid 2019.
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