{"id":306171,"date":"2021-07-23T05:50:18","date_gmt":"2021-07-23T02:50:18","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/undo-button-developer-kirobo-launching-decentralized-p2p-token-swaps\/"},"modified":"2021-07-23T05:50:18","modified_gmt":"2021-07-23T02:50:18","slug":"undo-button-developer-kirobo-launching-decentralized-p2p-token-swaps","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/undo-button-developer-kirobo-launching-decentralized-p2p-token-swaps\/","title":{"rendered":"# \u2018Undo Button\u2019 developer Kirobo launching decentralized P2P token swaps"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2910b3311da\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2910b3311da\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/undo-button-developer-kirobo-launching-decentralized-p2p-token-swaps\/#Undo_Button\" >Undo Button<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># \u2018Undo Button\u2019 developer Kirobo launching decentralized P2P token swaps  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMjY0MzRlYjQtZTJlMC00Yjc1LThmNDgtZmUxOWZjNDA5ZThkLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Israeli blockchain tech developer Kirobo is launching a decentralized P2P token swap solution. <\/p>\n<p>According to the company the protocol, dubbed \u201cAtomic Safe Swap,\u201d offers a decentralized peer-to-peer trading alternative to centralized marketplace exchanges or over-the-counter (OTC) desks, and is set to launch on July 27. The service is built on Ethereum and supports Ether (ETH) and ERC-20 tokens. <\/p>\n<p>Atomic Safe Swap is an extension of the firm\u2019s retrievable transfer solution,\u201cUndo Button\u201d which enables users to cancel and retrieve crypto transactions.<\/p>\n<p>The Undo Button provides an authentication key that the receiving party must enter for the transaction to be fulfilled. The sender can cancel the trade and retrieve their funds if the receiver hasn\u2019t yet entered the authentication key. <\/p>\n<p>Users can currently connect Ledger and Trezor wallets on the firm\u2019s website to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/safer.kirobo.me\/welcome\">use<\/a> the service, and it is compatible with Bitcoin (BTC) along with ETH and ERC-20 tokens. <\/p>\n<p>In an announcement Kirobo noted that with the Atomic Safe Swap \u201cthe process is the same, except the end transaction, is a two-way transfer executed by smart contract,\u201d and the firm is touting that their solution will be a cheaper alternative to exchanges and OTC parties, along with being free from \u201crisk of error and fraud.\u201d <\/p>\n<p><em><strong>Related:<\/strong> <\/em><em>CoinMarketCap launches Ethereum token swaps powered by Uniswap<\/em><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Undo_Button\"><\/span>Undo Button<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Asaf Naim, Kirobo co-founder and CEO of Kirobo highlighted the importance of having a secure non-custodial authentication mechanism not only to fight malware attacks but also to protect people from human error \u2014 a key issue in crypto. <\/p>\n<p>A tiny mistake in entering a wallet address can result in funds being sent to the wrong address and potentially lost forever. A common method used to combat this has been to conduct a small test transaction so that a sender can verify if they have sent funds to the correct address with minimal financial risk. <\/p>\n<p>Naim told Cointelegraph that the Undo Button negates the need for test transactions. According to the firm, $1.5 billion worth of crypto transactions have been conducted using the Undo button so far, with the solution helping users retrieve more than $6 million via canceled transactions. Naim said:<\/p>\n<blockquote><p>\u201cThe end result is that even inexperienced users can now feel comfortable engaging in activities that were previously complex, expensive, and risky. We expect this service to encourage adoption and use of cryptocurrency, giving a real boost to the ecosystem for years to  come.&#8221;<\/p><\/blockquote>\n<p>Naim kept his cards close to his chest regarding future announcements but teased that the firm is looking to integrate Undo Button with other blockchain platforms and exchanges, along with expanding support to other cryptocurrencies. <\/p>\n<p>Without revealing too much, Naim also noted that another key issue in crypto that the firm may be looking at providing a solution for is \u201closing access to wallets,\u201d including finding a way to retrieve funds in instances where a crypto hodler of the family passes away. <\/p>\n<p>\u201cI think that if you lost access to your wallet and you\u2019ve lost access to your money. I think this is something that has to be dealt with, \u201d he said. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/undo-button-developer-kirobo-launching-decentralized-p2p-token-swaps\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# \u2018Undo Button\u2019 developer Kirobo launching decentralized P2P token swaps &#8221; Israeli blockchain tech developer Kirobo is launching a decentralized P2P token swap solution. According to the company the protocol, dubbed \u201cAtomic Safe Swap,\u201d offers a decentralized peer-to-peer trading alternative to centralized marketplace exchanges or over-the-counter (OTC) desks, and is set to launch on July&#8230;<\/p>\n","protected":false},"author":1,"featured_media":306172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMjY0MzRlYjQtZTJlMC00Yjc1LThmNDgtZmUxOWZjNDA5ZThkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[112635,75857,74892,74880,109490,117],"class_list":["post-306171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-announcement","tag-malware","tag-tokens","tag-transactions","tag-announcements","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/306171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=306171"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/306171\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/306172"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=306171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=306171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=306171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}