Earlier this week Mark Lundeberg, a prominent Bitcoin Cash developer announced that he is launching a new project called Openswap. It is supposed to be a fork of the Electron Cash client which showcases atomic swap functionalities.
Lunderberg said that it has been months since he started to work on the project. His product can be used to perform swaps between bitcoin cash (BCH) and BTC in a trustless fashion.
He states: “The Openswap protocol is a clone of the Electron Cash light client but also offers a few different features. The Openswap software has an atomic swap platform, onchain private messaging (BCH messages that use encrypted OP_RETURN payloads), and also includes BTC wallet support.”
In the primary version of the product, the developer wants to have a basic guideline for the complicated atomic swap process which means the capability to change BCH to BTC and vice versa. They even have a onchain messaging feature that can be utilized to negotiate transactions.
“The initial release features BCH and BTC, by integrating elements from the BTC Electrum into BCH Electron Cash — Other Bitcoin compatible coins can be added later such as litecoin, dash, doge, and others. I welcome developers from these and other communities to help build the next generation software,” the developer added.
This is not the first time Lundeberg is launching open sourced projects for the BCH network. Just a couple of months back Bitcoin Files Protocol was launched by him. It was an implementation for a file storage system that has been added to the SLP version of the so-called Electron Cash light client. The Bitcoin Files Protocol is an anonymous and censorship-resistant file storage that allows companies and individuals to easily share files and other information. The programmers James Cramer, Ryan X. Charles, Mark B- Lundeberg, Calin Culianu, Jonald Fyookball and other BCH developers have been working on this SLP project.