Cointext CTO Reveals a New Protocol That Aims to Bolster a Censorship-Resistant Economy …

On May 7, the Cointext CTO and cofounder of Countermarkets, Vin Armani revealed a new project he’s been working on called “Signal, Watch, and Pay Protocol” (SWaP). Armani’s published specification and reference code of SWaP indicates that the platform allows “onchain, peer-to-peer negotiation and execution of ‘collaborative transactions.’”

SWaP: Onchain, Trustless, and Collaborative Transactions

Vin Armani is well known for his free market views and he’s also the chief technical officer at Cointext. During the last few months, Armani has published a few different things that aim to bolster the BCH economy. For instance, back in November 2019, Armani published specifications for a Simple Ledger Protocol (SLP) concept called the “Simple Ledger Postage Protocol (SLPP).” The SLPP concept provides people with the ability to send SLP-based tokens without leveraging bitcoin cash (BCH) for gas. The announcement on Thursday called the “Signal, Watch, and Pay (SWaP): A…