why not make a decentralized protocol, like how robosats does and publishes orderbooks on nostr, so that openmonero can be even more open and resilient in case it goes down?
Discussion
Its already under construction.
Quote Simple: That’s cool, so in the future, this can work entirely as a front-end javascript linked to Nostr? Then the site itself could be on Arweave or IPFS.
Quote OpenMonero: The decentralized exchange will offer a selection of various escrow providers, arbitrators, and instances for users to choose from. Users will not be required to create accounts with each individual provider. All escrow providers utilize the same backend code, and to engage with a specific provider, one merely needs to be aware of its domain (no additional configuration or setup is required).
Trusted escrow providers will be hardcoded into the code, while untrusted providers will be accessible through an integrated distributed hash table (DHT) network. The utilization of a DHT is crucial, as hardcoded directories are inherently susceptible to censorship. Furthermore, this approach surpasses that of a federated network, since defederation is neither necessary nor possible; the reputation system in place effectively mitigates spam from the outset.
Source: https://simplifiedprivacy.com/openmonero-interview-with-the-dev/compared-to-reto.html
Glad we have you hear. Keep us up to date.
If this goes decentralised before turning out to be a scam it could become a very important infrastructure project for Monero.
2 new repos have been released last week and the code is fully built on top of NOSTR.
Frontend: http://rf5cqoxqlitdx4umuce5dgihjzabql4hs3zjkvs3em7xzjfa5yyhkeqd.onion/om/openmonero-dex
Backend: http://rf5cqoxqlitdx4umuce5dgihjzabql4hs3zjkvs3em7xzjfa5yyhkeqd.onion/om/openmonero-dex-api
Demo: http://ek72x7tysgkrr754ce4np4e6ce5rtwtxphxibzmesnsbuyco5onlc5id.onion/