3iQ Research Group: Atomic Swaps | 3iQ Corp.

Up until very recently, the only way for traders or cryptocurrency/cryptoasset holders to acquire altcoins was to make use of BTC or ETH pairings on various decentralized exchanges, often limiting what is accessible or forcing users to subscribe to multiple exchanges to trade specific tokens. This structure has strengthened the position of larger cryptocurrencies causing Bitcoin and Ethereum to act as the backbone of the entire cryptocurrency market, creating a “mains versus alts” dynamic where traders will alternate between the large cryptocurrencies and the altcoins attempting to maximize their returns and ride off the price fluctuation back and forth between the de facto “classes” of coins. Although having benefited some traders who’ve recognized it, this dynamic goes against the overall goal of true decentralization championed by many in the cryptocurrency community and gives big exchanges control over the market.

With the recent implementation of the Lightning network in many Blockchains, true cross-chain trading could soon be realized en masse. Atomic swaps make use of hash time-locked contracts which are facilitated by most programming languages used in cryptocurrency development. By using this feature, parties may agree upon a fixed trading price and complete a set of trades on two different Blockchains in one instance. This direct trading structure results in one trade that acts on two separate Blockchains, eliminating the need for a central party. The ability to directly trade coin-to-coin outside of an exchange will have an immense effect on the crypto-markets and is a feature that will prove necessary as cryptocurrencies and cryptoassets grow in prevalence.

 

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Up until very recently, the only way for traders or cryptocurrency/cryptoasset holders to acquire altcoins was to make use of BTC or ETH pairings on various decentralized exchanges, often limiting what is accessible or forcing users to subscribe to multiple exchanges to trade specific tokens. This structure has strengthened the position of larger cryptocurrencies causing Bitcoin and Ethereum to act as the backbone of the entire cryptocurrency market, creating a “mains versus alts” dynamic where traders will alternate between the large cryptocurrencies and the altcoins attempting to maximize their returns and ride off the price fluctuation back and forth between the de facto “classes” of coins. Although having benefited some traders who’ve recognized it, this dynamic goes against the overall goal of true decentralization championed by many in the cryptocurrency community and gives big exchanges control over the market. With the recent implementation of the Lightning network in many Blockchains, true cross-chain trading could soon be realized en masse. Atomic swaps make use of hash time-locked contracts which are facilitated by most programming languages used in cryptocurrency development. By using this feature, parties may agree upon a fixed trading price and complete a set of trades on two different Blockchains in one instance. This direct trading structure results in one trade that acts on two separate Blockchains, eliminating the need for a central party. The ability to directly trade coin-to-coin outside of an exchange will have an immense effect on the crypto-markets and is a feature that will prove necessary as cryptocurrencies and cryptoassets grow in prevalence.    
Fred Pye

Frederick T. Pye

CHAIRMAN, CHIEF EXECUTIVE OFFICER & DIRECTOR

Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.