Switcheo SWTH: Switcheo Chain Beta
As pointed out earlier, Switcheo Chain is a public blockchain meant to accept and match trades in a trustless and transparent manner, while still being highly performant (i.e. DEX chain).
The key differentiator for our DEX chain as opposed to other competitors, is that we are designing it to work in consort with trustless gateway/locking contracts on the root blockchains such as Ethereum and NEO (which we are currently also designing). We also aim to integrate these gateways and the DEX chain into Cosmos Network through the IBC specification.
The blockchain is being built on Tendermint, and will likely adopt a dPOS model. Overall, moving to this architecture makes Switcheo a lot more competitive as an exchange, due to simpler and more scalable root chain smart contracts which in turn give rise to lower network fees. In addition, the simpler gateway contracts will allow us to integrate multiple smart-contract enabled blockchains in a rapid fashion.
We aim to launch our MVP this quarter.