Trade Protocols - Revision history

Pazza at 15:30, 23 July 2024

2024-07-23T15:30:48Z

Pazza at 15:29, 23 July 2024

2024-07-23T15:29:02Z

Flix21: /* Submarine Swaps */

2024-03-17T17:54:09Z

Submarine Swaps

Flix21: /* Multisig Options */

2024-03-17T17:32:39Z

Multisig Options

Flix21: /* Multisig Options */

2024-03-17T17:14:20Z

Multisig Options

Flix21: /* Submarine Swaps */

2024-03-17T17:13:37Z

Submarine Swaps

Darawhelan at 22:05, 19 November 2023

2023-11-19T22:05:32Z

Darawhelan at 21:58, 19 November 2023

2023-11-19T21:58:34Z

Darawhelan at 03:04, 30 October 2023

2023-10-30T03:04:33Z

Darawhelan at 03:03, 30 October 2023

2023-10-30T03:03:45Z

@@ Line 31: / Line 31: @@
 Escrow based trade protocol on the Lightning network using multi-party computation cryptography.
-=== Bisq Bisq MuSig===
+=== Bisq MuSig===
 Bisq 1 currently uses a 2-of-2 multisig as its main trade protocol. This involves the buyer and seller putting down a [[security deposit]] that is locked in a multisig until the trade completes. At some point this protocol will be moved over to Bisq 2.

@@ Line 31: / Line 31: @@
 Escrow based trade protocol on the Lightning network using multi-party computation cryptography.
-=== Bisq Multisig ===
+=== Bisq Bisq MuSig===
 Bisq 1 currently uses a 2-of-2 multisig as its main trade protocol. This involves the buyer and seller putting down a [[security deposit]] that is locked in a multisig until the trade completes. At some point this protocol will be moved over to Bisq 2.
@@ Line 47: / Line 47: @@
 Trade Bitcoin and Monero using an atomic cross chain swap.
-=== Liquid Multisig ===
+=== Liquid MuSig===
 This trade protocol will use the same trade protocol as the 2-of-2 multisig but it will replace Bitcoin (BTC) with Liquid Bitcoin (L-BTC). The advantage to this is fees will be lower, and users will get more privacy with their trades. The disadvantage is that users will not be trading native bitcoin so will have to be comfortable holding LBTC and consider the costs of converting BTC to LBTC and back again.

← Older revision		Revision as of 17:54, 17 March 2024
Line 54:		Line 54:

	This trade protocol allows users to swap between Bitcoin on Lightning network to on-chain Bitcoin.		This trade protocol allows users to swap between Bitcoin on Lightning network to on-chain Bitcoin.
		+
		+	=== Stablecoin Swaps ===
		+
		+	Atomic swaps between Bitcoin and USD stablecoin. Just the same as BSQ swaps, but with a Bitcoin coloured coin built on the same tech.

	=== Multisig Options ===		=== Multisig Options ===

@@ Line 58: / Line 58: @@
 This trade protocol would allow the creation of P2P put and call options with the buyer and seller blocking BTC in a multisig on-chain transaction. 2 PSBT would be created sending the BTC to the buyer or seller depending on the result of a binary event. On expiry a blind oracle would trigger the correct transaction to be broadcast to the Bitcoin network.
 == Adding Trade Protocols to Bisq 2 ==
 Trade protocols are designed to be modular so more trade protocols can be added in the future. Anyone with ideas for new trade protocols should join the discussion on [[Matrix_bisq.chat|Bisq's Matrix chat]].

@@ Line 57: / Line 57: @@
 === Multisig Options ===
-This trade protocol would allow the creation of P2P put and call options with the buyer and seller blocking BTC in a multisig on-chain transaction. 2 PSBT would be created sending the BTC to the buyer or seller depending on the result of a binary event. A blind oracle would trigger the correct transaction to be broadcast to the Bitcoin network.
+This trade protocol would allow the creation of P2P put and call options with the buyer and seller blocking BTC in a multisig on-chain transaction. 2 PSBT would be created sending the BTC to the buyer or seller depending on the result of a binary event. On expiry a blind oracle would trigger the correct transaction to be broadcast to the Bitcoin network.
 == Adding Trade Protocols to Bisq 2 ==
 Trade protocols are designed to be modular so more trade protocols can be added in the future. Anyone with ideas for new trade protocols should join the discussion on [[Matrix_bisq.chat|Bisq's Matrix chat]].

@@ Line 19: / Line 19: @@
 == Bisq Easy ==
-Bisq Easy will be the first trade protocol for Bisq 2. It will be accessible on the launch of Bisq 2.
+Bisq Easy will be the first trade protocol for Bisq 2. It will be accessible on the launch of Bisq 2. It is an easy to use chat based trade protocol for buying and selling bitcoin for fiat. The security is based on reputation of the sellers.
 See here for more information about [[Bisq_Easy|Bisq Easy]].
@@ Line 29: / Line 29: @@
 === Bisq Lightning ===
-A Lightning Network Trade protocol has been proposed for Bisq 2. See the [https://github.com/bisq-network/proposals/issues/427 GitHub issue] for more information.
+Escrow based trade protocol on the Lightning network using multi-party computation cryptography.
 === Bisq Multisig ===
@@ Line 37: / Line 37: @@
 === BSQ swaps ===
-Bisq 1 users have access to [[BSQ_swaps|BSQ Swaps]]. This allows users to swap from BSQ to BTC and vice versa. This is a type of atomic swap that takes place on the bitcoin blockchain. At some point this protocol will be moved over to Bisq 2.
+This allows users to swap from BSQ to BTC and vice versa via atomic swaps, instantaneously and secure.
 === Liquid Swaps ===
-Swapping assets on side chain like Liquid (L-BTC) or Rootstock (RBTC) has been suggested as a trade protocol Bisq 2 could implement.
+Trade any Liquid based assets like USDT and BTC-L with an atomic swap on the Liquid network.
 === Monero Swaps ===
-Cross-chain atomic swaps opens up the door to users being able to swap XMR for BTC. This will likely be the first cross-chain atomic swap Bisq 2 implements.
+Trade Bitcoin and Monero using an atomic cross chain swap.
 === Liquid Multisig ===
@@ Line 52: / Line 52: @@
 === Submarine Swaps ===
 == Adding Trade Protocols to Bisq 2 ==
 Trade protocols are designed to be modular so more trade protocols can be added in the future. Anyone with ideas for new trade protocols should join the discussion on [[Matrix_bisq.chat|Bisq's Matrix chat]].

@@ Line 1: / Line 1: @@
 [[Bisq 2]] will offer users the choice of multiple trade protocols.
-Having multiple trade protocols allows users to choose the trading protocol that will work best for their particular trade requirements.
+A trade protocol serves as the fundamental framework for trading Bitcoin in a secure way. Each trade protocol presents its own set of advantages and trade-offs including:
 * Trade fees
@@ Line 11: / Line 9: @@
 * Security deposit requirements
 * Privacy benefits / trade-offs
 All trade protocols will be able to be accessed from the Bisq 2 application independently. Users will be able to switch between trade protocols for different trades should they wish.
 == Bisq Easy ==
@@ Line 22: / Line 25: @@
 == Future Trade Protocols ==
-Bisq is planning on making the follow trade protocols available on Bisq 2:
+Bisq is planning on adding more trade protocols available on Bisq 2. Explore the upcoming trade protocols. Keep an eye out for updates if any of the upcoming protocols catch your interest.
-=== Lightning Network ===
+=== Bisq Lightning ===
 A Lightning Network Trade protocol has been proposed for Bisq 2. See the [https://github.com/bisq-network/proposals/issues/427 GitHub issue] for more information.
-=== 2-of-2 multisig ===
+=== Bisq Multisig ===
 Bisq 1 currently uses a 2-of-2 multisig as its main trade protocol. This involves the buyer and seller putting down a [[security deposit]] that is locked in a multisig until the trade completes. At some point this protocol will be moved over to Bisq 2.
 === BSQ swaps ===
@@ Line 40: / Line 39: @@
 Bisq 1 users have access to [[BSQ_swaps|BSQ Swaps]]. This allows users to swap from BSQ to BTC and vice versa. This is a type of atomic swap that takes place on the bitcoin blockchain. At some point this protocol will be moved over to Bisq 2.
-=== Same-chain atomic swaps ===
+=== Liquid Swaps ===
 Swapping assets on side chain like Liquid (L-BTC) or Rootstock (RBTC) has been suggested as a trade protocol Bisq 2 could implement.
-=== Cross-chain atomic swaps ===
+=== Monero Swaps ===
 Cross-chain atomic swaps opens up the door to users being able to swap XMR for BTC. This will likely be the first cross-chain atomic swap Bisq 2 implements.
-=== 2-of-2 Liquid BTC ===
+=== Liquid Multisig ===
 This trade protocol will use the same trade protocol as the 2-of-2 multisig but it will replace Bitcoin (BTC) with Liquid Bitcoin (L-BTC). The advantage to this is fees will be lower, and users will get more privacy with their trades. The disadvantage is that users will not be trading native bitcoin so will have to be comfortable holding LBTC and consider the costs of converting BTC to LBTC and back again.
 == Adding Trade Protocols to Bisq 2 ==
 Trade protocols are designed to be modular so more trade protocols can be added in the future. Anyone with ideas for new trade protocols should join the discussion on [[Matrix_bisq.chat|Bisq's Matrix chat]].

← Older revision		Revision as of 03:04, 30 October 2023
Line 1:		Line 1:
−	Bisq 2 will offer users the choice of multiple trade protocols.	+	[[Bisq 2]] will offer users the choice of multiple trade protocols.

	Having multiple trade protocols allows users to choose the trading protocol that will work best for their particular trade requirements.		Having multiple trade protocols allows users to choose the trading protocol that will work best for their particular trade requirements.