Unraveling Block DX: A Genuinely Decentralized Exchange for Cross-chain Atomic Swaps with XLite Wallet

Wayne Jones • September 9, 2020

Cryptocurrencies are gaining prominence in financial circles. Businesses and even governments are warming up to them as a viable medium of exchange. This mainstreaming of cryptocurrencies has come with several challenges. One is that we have seen a growth in the number of available coins. While this is not necessarily a bad thing, it raises new concerns. Prominent among this is the ability to exchange one coin for another. Thankfully though, this dilemma has been addressed through atomic swaps. Through crypto exchanges, swapping one currency for another is possible. Currently, many such exchanges are fighting for market share. Block DX is one key player in this space. Together, let's explore this great platform, but only after looking at how atomic swaps work.

๏ปฟ

Explaining Atomic Swaps

In brief, atomic swaps are trustless peer to peer (P2P) exchanges of different coins. These transactions may take place on either one of the currencies networks. When this happens, an on-chain atomic swap is achieved. Alternatively, the swap occurs or on an altogether different network. Such an atomic swap is said to be cross-chain.


How Do Atomic Swaps Work?

The atomic swap was introduced in 2013 by Tier Nolan. Cross-chain protocols (atomic swaps) enables users to exchange cryptocurrencies between two different blockchains P2P. Atomic swaps hold a hash timelock contract (HTLC) to allow two unknown parties to trade. HTLC is a smart contract technology that ties two strangers to sell without a central authority.

An HTLC contract locks up funds for the two individuals, similar to a temporary escrow with no intermediaries. The individuals create and broadcast transactions as they swap coins. Eventually, they either end up with each others' coins, or no swap occurs. Atomic swaps control the safe interaction of funds between peers. Again, they are entirely trustworthy.


Atomic Swaps and Decentralized Exchanges

Decentralization is at the core of the crypto trade. It is the elimination of a central entity from overseeing transactions. Decentralized exchanges (DEX) are autonomous platforms allowing customers to trade in cryptos. These are key in concluding cross-chain swaps. They help parties to a transaction achieve trust.


Understanding Block DX

Block DX uses the Blocknet protocol. It features inter-blockchain functions that are swift and secure. The platform is decentralized and has self-billing functions.

Block DX has over 100 tickers and over 5000 trading pairs. Therefore it has extensive trading combinations. You can enjoy cross-chain free trading because of the XRouter protocol. Furthermore, it does not undertake a KYC audit. It allows its users unrestricted transactions because they hold the funds and private keys at all times. As it is decentralized, it gives control over the nodes created by traders. It also enables exchanges within individual blockchains. Finally, it supports the Xlite Wallet.

XLite Wallet

XLite is a lightweight, decentralized multi-asset wallet powered by Blocknet. The wallet allows one to quickly find any asset with the built-in search and quick links. Secondly, you get to see your portfolio balance at a glance. From the dashboard, you get a brief overview of your main assets directly. Moreover, the dashboard captures the latest transactions. To further ease use, it has a dedicated page providing detailed transactional information.

๏ปฟ

Technological Benefits of Xlite Wallet

The XLite Wallet packs the following benefits:


It is Non- Custodial

The wallet holder has sole control of the coins in the wallet. It, therefore, negates the need to trust third parties to secure transactions.


No Servers Feature

In contrast to other lite wallets, XLite doesn't require you to trust a server to relay transactions. Instead, the wallet queries peers and constructs an SPV proof from their responses. This way, it preserves one's independence.


It is Lightweight

Utilizing XRouter, the wallet empowers one to use Bitcoin and Ethereum without downloading terabytes of blockchain data. As such, it runs on any device, notwithstanding hardware limitations. Also, the wallet has shorter sync times between launching and using it.


Supports Essentially Every Coin

XLite can effectively support any coin without impacting the size and performance of one's wallet. It achieves this by drawing on the Blocknet's cross-chain network of service nodes.

One does not need permission for the wallet to support their coin.


Build Inter-Chain Dapps

XLite is the foundation for building cross-chain dapps. It is capable of getting a chain state and serving it to users intuitively.


Interchain DeFi-Ready

Finance has decentralized. XLite eliminates the need to choose chains. You need only orchestrate them!


The Most Decentralized Trading

XLite natively supports Block DX.


No Gatekeepers

XLite doesn't have signups, accounts, or KYC. It does not store user data.


Benefits of Block DX

The following are some of the benefits that come with using Block DX.


Security

Funds can only be controlled by the person trading because there are no intermediaries. The users get the assurance of privacy because only a few parties are involved.


Swift Trade

Block DX trade times are independent of the block times of the assets involved. Therefore they enable fast trading. Transactions can be concluded in under 30 seconds.


Freedom to Trade any Coin

On BlockDx, users can trade in a variety of coins. Among the exchangeable assets include Bitcoin, Litecoin, Digibyte, Dash, Syscoin, and assets with a lot of freedom. There are no restrictions on selling specific assets. The exchange aims at unifying different programs and investments.


Decentralized Application

Block DX eliminates intermediaries. As such, traders are assured of security when transacting on the platform.


Affordable

The platform levies a minimal fee on trading making it affordable for all traders. Moreover, all withdrawals are free.


Easily Accessible

You do not require an account to trade. It eliminates registration procedures since trade is P2P. One is ready to transact once on Block DX. Anyone can access, assuring you of privacy and financial freedom.


It's Open Source

The community can review and contribute to Block DX. This way, an individual can also tweak the code to accommodate their standards.


Always Online

You can never be interrupted because Block DX uses the Blocknet protocol. The protocol has built-in DoS protection. Furthermore, the fact that it is decentralized and has no accounts makes it undisturbed.


Matching Orders

After making an order, Block DX commences the search for connections with the counterparts over the peer-to-peer network to perform the trade.


Fee Distribution

In contrast to most protocols where earned profits go to a company or developer team, Block DX distributes all the trading fees to its nodes. Its functioning isn't driven by gain.


Liquidity

Blocknet powers Block DX. Services using this protocol share their order book. Moreover, they contribute to the same liquidity pool.


Endnote

As cryptocurrency use becomes commonplace, new issues arise. One of these is how to exchange different coins successfully. Since each coin has a unique algorithm, direct swapping is an issue. However, atomic swaps provide a way out of this difficulty. For the swaps to run smoothly, they require decentralized exchanges. In a market bursting with these, Block DX has emerged as the undisputed leader. Apart from facilitating private and secure P2P transactions, it is also fast and affordable.


Furthermore, by eliminating KYC protocols, its use is straightforward. Again it enables unrestricted trading in a wide variety of coins. It boasts of a professionally designed UI that gives users a whole new experience. Block DX is the perfect platform for trading. 


Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  
By press release June 12, 2025
A bold shift is underway in the network marketing space. DigitalBot, the Web 3.0-powered automated trading platform, is making waves across global markets with one clear message: Work fast. Earn big. Build your legacy before the world catches up. Following a successful silent rollout across Latin America and Asia — onboarding multimillion-dollar networks in record time — DigitalBot is now launching its official global leader acquisition phase . This expansion phase offers lightning-fast binary bonuses, daily payouts, and exclusive mentorship programs for ambitious professionals ready to lead the next digital wealth movement. “We created a system that rewards speed, focus, and duplication. If you understand binary, you understand that timing is everything,” said Antonio Salas , CEO and Founder of DigitalBot. What Sets DigitalBot Apart? โšก Binary payouts within hours , not days. ๐Ÿ”’ 100% decentralized Web 3.0 infrastructure — no corporate accounts or centralized risk. ๐Ÿ“ˆ Performance-based model — no artificial ranks, no fluff. ๐ŸŽ“ Millionaire mentorship events with the CEO and elite global leaders. ๐Ÿ’ฐ Performance incentives up to $25,000 , plus Rolex watches and private luxury travel. Who Should Join Now? ๐ŸŒ Network leaders aiming for fast duplication and exponential team growth. ๐Ÿ”ฅ Teams seeking results-driven platforms with daily income potential. ๐ŸŽฏ Influencers and marketers looking for scalable, proof-based income models. The first 1,000 global leaders will receive priority positioning and lifetime binary acceleration — giving them an edge in one of the most disruptive launches of the year. ๐Ÿš€ Ready to Join the Top 1%? Visit https://digitalbot.app to claim your position before the window closes. ๏ปฟ
By Press Release June 11, 2025
In a crypto landscape still reeling from waves of rugpulls, a new initiative, Balz Back, today announced the official opening of its platform for community submissions. Balz Back is designed to turn rugged bags into new liquidity, offering a potential lifeline to countless affected investors. ๏ปฟ Built around the DeFAI Redemption Protocol , BalzBack evaluates communities through onchain behavior and sentiment signals, generating a Community RugScore™ . Once approved, token holders access a Telegram-native app where they can verify wallets, deposit rugged tokens, and receive structured allocations of $BALZ tied to their score and deposit tier. Submissions are now open to leaders, developers, and moderators from impacted communities. Recent examples of affected projects include: $LIBRA – Promoted by Argentine President Javier Milei , with wallet activity linked to Hayden Davis of Kelsier Ventures. Over $250 million lost. $MELANIA – Endorsed by Melania Trump and allegedly connected to Davis, with insiders profiting over $150 million through private allocations and pre-announcement trades. $HAWK Tuah – Backed by influencer Hailey Welch , collapsed following insider-controlled dumping. $WOLF – Deployed through wallets associated with Hayden Davis, collapsed by over 99% within two days, with 82% of supply under one entity. $CUBA , Al16Z , SPEED (linked to Logan Paul ), and $JAILSTOOL (promoted by Dave Portnoy )—each followed a similar extraction pattern. Additional tokens like $ZBEC, $DANTRUMP, RugMask, Pompompurin Coin , and $GANTU have also shown post-launch behavior consistent with insider or predatory flows. BalzBack provides communities with a verified redemption channel , backed by a transparent scoring system and application logic. Once a community is approved, individual members can reclaim value through direct participation in the redemption process. "We’ve created a way to convert rugged bags into fresh liquidity, grounded in verifiable data and built for real users who got left behind," said a spokesperson for the $BALZ team. "We are actively onboarding and reviewing submissions." To apply, visit: https://www.muskybalzac.com/balzback
By press release June 6, 2025
Recently, XRP has risen for five consecutive trading days, hitting a two-week high of $2.2658 on June 4, rebounding about 10% from the low on May 31, showing significant bullish momentum and market confidence. At the same time, a large "whale" transferred 330 million XRP (about $716 million) back to the Ripple company account on June 2. Such huge internal transfers are often interpreted as signals of short-term circulation adjustments and long-term holding intentions. In terms of ETF expectations, many institutions are actively promoting XRP spot ETF applications. If approved, it will bring more institutional funds and pricing transparency to the market, and will also further boost XRP's market sentiment and liquidity. As the XRP ecosystem continues to improve and demand steadily increases, many coin holders are beginning to seek more flexible ways to operate their assets. At this time, the cloud computing mining service launched by BJ Mining is user-friendly and open to XRP users-users only need to deposit XRP into the platform wallet to participate in the cloud mining plan What is BJ Mining Founded in 2015, BJ MINING is a fully compliant cloud mining platform headquartered in the UK. Adhering to the core values โ€‹โ€‹of innovation, security and sustainable development, it provides efficient, professional and environmentally friendly one-stop cloud mining services to global cryptocurrency enthusiasts. The platform’s automated system ensures that users continue to receive rewards without any extra effort. Whether you are new to cryptocurrency or a seasoned enthusiast, BJ Mining offers you a seamless way to make money from home. Advantages of BJ Mining Free Trial: New users who successfully register an account for the first time can receive a $15 new user reward and experience cloud mining for free and without risk. Zero threshold to start: No need to purchase any mining machines, just register and use it, reducing high hardware and electricity costs. Fully transparent settlement: 0 management fee, 0 hidden fee; view earnings with one click in the backend. Free withdrawal of multiple currencies: Support mainstream assets such as DOGE, BTC, USDT-TRC20/ERC20, ETH, XRP, LTC, SOL, BCH, USDC, etc., with zero withdrawal fees. High referral rewards: Invite friends to earn 3% active referral rewards + 2% indirect referral rewards. Safety and security: It uses McAfee® + Cloudflare® dual protection, is fully covered by AIG insurance, and is equipped with 7×24 hours manual online technical support. Three steps to teach you how to make money in BJ Mining Step 1: Register an account It takes less than a minute to create your free account and get a $15 newcomer bonus , which will make you $0.60 per day for free. Step 2: Select a contract We offer a variety of contracts to suit your financial goals. Whether you are looking for short-term gains or long-term returns, BJ Mining can meet your needs. Step 3: Start making money It’s easy to control revenue growth without any management. Daily earnings will be automatically deposited into your account, and you can also withdraw them to your cryptocurrency wallet. Get a stable passive income by participating in the following featured contracts: After purchasing the contract, the proceeds will be automatically credited to your account the next day. When the account balance reaches $100, you can choose to withdraw to your digital currency wallet, or continue to purchase contracts to get more profits. (The platform has launched a variety of stable income contracts, which can be viewed on the official website https://bjmining.com ) Safety and sustainability In the world of cloud mining, trust and security are the first steps to establish cooperation. BJ Mining is well aware of this and puts user safety first. The mine uses 100% renewable energy such as solar energy and wind energy, practices the concept of low-carbon mining, and feeds excess electricity back to the community power grid to help local green development and promote the deep integration of blockchain and environmentally friendly energy. BJ Mining adopts McAfee® + Cloudflare® dual protection, is fully covered by AIG insurance, and is equipped with 7×24 hours manual online technical support to protect your assets. Summary Driven by the continued strength of the XRP market and ETF expectations, with the help of BJ Mining's zero-threshold, transparent and secure cloud mining services, XRP holders can easily participate and steadily increase their value, providing a more flexible and efficient option for asset operations. For more details, please visit BJMining official website ( https://bjmining.com ) or contact the official email address info@bjmining.com . ๏ปฟ
By Press Release June 3, 2025
Had enough of the played-out crypto betting sites? It’s time for a shakeup: step into BET20 Casino , an up-and-coming crypto casino that blends blockchain technology with premium games, better bonuses, and plenty of opportunities to win big. ๏ปฟ BET20.com isn’t your average crypto casino: it’s a no-KYC and VPN-friendly betting site that’s backed by a portfolio of over 10,000 casino games , from slots, table games, jackpots. Getting your winnings isn’t a problem at BET20—you get access to dozens of cryptos for payments, including BTC, USDT, DOGE, and XRP, in addition to fiat currencies like EUR and USD. You enjoy lightning-fast withdrawals, and you don’t have to jump through so many hoops to get approved. And with huge prizes and potential jackpots, BET20 is set to flip the crypto betting script. BET20 Casino: What’s on Deck For New Bettors? At BET20, new players start out strong with its 280% signup bonus of up to €12,000 that’s bundled with 150 free spins. The site’s welcome treat is available on the player’s first three deposits: 1st Deposit Bonus. Double your deposit up to €300 + 50 Free Spins 2nd Deposit Bonus. Get an 80% bonus match up to €400 + 100 Free Spins 3rd Deposit Bonus. Double the deposit up to €500 These deposit bonuses are subject to the use of the promo codes: FIRST, SECOND, and THIRD, and bonus spins are playable on top games like Bonanza Billion, The Dog House, and Gates of Olympus. At BET20 crypto casino , high rollers and VIPs get something extra. By depositing at least €200, the bonus potential becomes bigger: get up to €3,000, €4,000, and €5,000 on the first three deposits. High rollers pick BET20 crypto casino not just for a bigger welcome bonus, but also for its VIP support, flexible betting limits, and a longer list of recurring promos. Here’s what’s in store for existing bettors: Reload Bonuses. Get a 50% bonus when you top up every Wednesday. Free Spins. Claim up 90 bonus spins weekly. Weekly and Monthly Tourneys. Opt in and bet at least €10 to qualify and win a share of the prize pool. Cashback. Enjoy up to 30% cashback during Saturdays. Loot Boxes. Collect instant cash bonus or free spins. Loyalty Program. With 10 tier levels, you get plenty of opportunities to collect points for every real money bet. Play Your Bonus on Over 10,000 Casino Games or Bet on Sports BET20 boasts over 10,000 casino games, spread over popular categories like online slots, table games, crash games, and even its BET20 Originals. We partner with 49 top software vendors like Spribe, JILI, and Play’n GO to keep our games list fresh every time. You big on sports? Have fun supporting your favorite teams and players in our sportsbook section. We cover all popular international sports, from basketball, soccer, tennis, to horse racing, with plenty of eSports betting markets for Dota 2, Valorant, and League of Legends fans. Whether you prefer the planning in prematch betting or thrive in real-time-active or in-play bets, BET20 lets you bet like a pro. BET20 Casino Is Ready to Take on the OGs of Crypto Betting BET20 is an up and coming brand—and it’s ready to disrupt the crypto betting scene. Designed by experienced iGaming professionals and veteran players, BET20 offers instant withdrawals, lightning-fast withdrawals, and just pure blockchain-inspired betting action. Your data remains private, and with its NO-KYC and VPN-friendly setup, game time has never been easy yet secure.Here’s our deal—signing up takes less than 60 seconds, and you’re ready to bet, play, and win big at BET20. Bet on games. Enjoy lightning-fast withdrawals. Join a growing crypto gaming community. You locked in? Check out BET20 crypto casino today. Website : https://www.bet20.com Twitter/X : https://x.com/bet20__ Telegram : https://t.me/bet20officialgroup Facebook: https://facebook.com/officialbet20 Contact : affiliates@bet20casino.com
Show More
paper_plane

NEVER MISS AN ARTICLE!

Sign up and stay up-to-date about what's happening at our site.