We’re still completing the items outlined in our previous updates, namely including enhancing Tor server capabilities and making a variety of minor improvements.

Please note, however, that we are currently observing a delay that is impacting the the development process of Particl Desktop which we hope to resolve shortly.

Core Codebase Maintenance 🛠️

As always, we consistently stay up-to-date with Bitcoin’s latest version by regularly incorporating upstream updates into Particl Core. You can monitor these changes by visiting this link.

Bi-directional Monero Swaps 🧡

We’ve been busy this week testing bi-directional Monero atomic swaps, which now allow you to trade Monero on BasicSwap as both the taker and the maker.

During the tests, we ran into a few small issues with both the two-way swaps and the BasicSwap protocol itself, which we’ve been fixing as we go. You can follow the fixes being applied by monitoring BasicSwap’s dev branch on Github, found at this link.

Given the smooth progression of testing thus far, we anticipate the completion of this phase to happen shortly. Please keep an eye out for forthcoming updates on our progress!

We’ve also been making significant progress on the new website, which we now expect to have a working version in internal testing in the next couple of days. Live launch should follow shortly after that!

Earlier this week, the yearly coin emission rate of the Particl blockchain has successfully been reduced by 1%, as was scheduled via hard-coding into the blockchain by the hardfork of the 12th of July, 2021.

This brings the annual rate down to 7%, a reduction from the previous 8%, with the next coin emission rate decrease slated for the 12th of July, 2025, at 5PM UTC, further reducing the rate to 6%.

You can see the first post-reduction block, with its lowered staking reward, here.

Recently, we’ve launched a new educative and mission-focused blog series on Particl News titled The DEX Revolution. This series delivers a comprehensive view of BasicSwap, touches upon related atomic swap technologies, and provides clarity on our vision and rationale behind certain design decisions.

For anyone interested by BasicSwap and the future landscape of unfettered, trustless trading, this series is a must-read. Here are the first two chapters of the series.

• Part 1 - The Evolution of Atomic Swaps
• Part 2 - Atomic Swaps and Web Access Gateways