Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Global

Technical Development Report With Focus on Klever Swap, by CTO Bruno Campos

by Warren Manuel
June 13, 2021
in Global
Reading Time: 5 mins read
2.9k
A A
0
Share on FacebookShare on Twitter

Welcome to the 4th edition of our Technical Development Progress Report where today we’ll learn more about the tech that powers the Klever Swap mechanism inside the wallet.

Another amazing week, with great progress from the entire tech team!

The Klever team and the KLV community are growing organically with consistency and efficiency that make us jointly be able overcome any obstacles in our way.

Each one in the team was so committed and did their best to delivered more value to Klever Wallet, Klever Exchange and the Klever ecosystem as a whole over the past period. So, thank you guys and gals, you rock!


Klever Wallet Swap Mechanism

This week let’s talk about the tech behind the Klever Swap mechanism inside and directly integrated into the Klever Wallet.

My first contact with crypto back in the day was disastrous. It was so hard to understand how I could buy and store my assets. So, I learned a lot until got used to the web-based of exchanges.

You might also like

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

February 3, 2023
7.3k
Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

February 1, 2023
7.3k

Since the beginning, I just wanted to build an easy way to exchange my assets, like I do when I travel and need to exchange fiat directly into my wallet.


In that time we invented a software computer model that could address and execute a simple coin exchange model, which needed to be safe, multi-chain, fast, cheap and reliable.

We thought in a simple and well tested computer model: “State Machine”.

State Machine, finite-state machine or finite-state automation is a very simple computer model that enable us to build systems based on “states”, well defined since the “start state” until “end state” with the input of data for triggering the “transition” between states. Those “transitions” will produce outputs also, and all data is stored, so it’s possible to track each process, or swap in our case, from the “start” to the “end”.

State Machine is used in so many solutions out there from traffic lights automation to financial systems. So, it is a well tested computer solution.

For the Klever Swap, we built an in-house state machine integrated with the crypto market (liquidity pools, trading engines, exchanges). It functions with autonomous bots that are continuously hunting for the best prices on the market for that specific asset listed on the swap machine, all for our users’ benefit.


Directly integrated into the wallet, the swap machine makes possible to exchange assets multi-chain in a fully decentralized way, from wallet to wallet. Independent on which blockchain the user is swapping coins from or two.

Klever Swap finally addressed the need I felt in my early days in the crypto space. No tradingview, no complexity, no obstacles. Instead, we simply replaced the difficult process with pure simplicity. Just an easy and intuitive execution for the exchange, from my own wallet, to my own wallet.

We are also working a new feature for the swap machine. This is the possibility to give the users the choice in their hands decision to tolerate some variations in price, in case a large price market fluctuation is occurring. Through a slippage tolerance, informed by the user, the swap machine will take an even more accurate decision to complete the swap.


The tech team has significantly improved the Klever Swap’s accuracy since product inception over a year and half ago, to today record over 99,7% success rate of the swaps for our users. The very small number of failed swaps are nowadays refunded to the specific user through an automatic process, and any potential failure is often due to insufficient gas from the user, or strong and sudden fluctuations in price for the specific swap pair in question.

By monitoring and reviewing swap data and numbers each and every day to improve our accuracy, precision, speed and liquidity, the Klever team is maturing the swap machine and our goal is to reach 100% success rate very soon!


Now, let’s see the overall progress in other squads this past week:

Klever Exchange


Klever Wallet


Klever Hard Wallet


Klever Workspace


I hope you enjoyed hearing more about the Swap mechanism inside the wallet this week and the general technical progress made by our team. I can’t wait to see you next week!

Sincerely,

Bruno Campos

CTO at Klever

Previous Post

Klever Weekly Newsletter – Jun 11

Next Post

Market Update: KLV up +4.43% to $0.06, BTC at $39,286 (+10.31%), ETH at $2,488 (+5.79%)

Warren Manuel

Warren Manuel

As the Head of Marketing for Klever, I use my digital marketing and development skills to help grow the brand across many different channels, expanding the brand's reach, generating leads, and helping improve conversions, and repeat business.

Related Stories

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

by Maluh Bastos
February 3, 2023
0
7.3k

Klever K5 Wallet’s launch has been the buzz in the last few days. The new and improved Klever Wallet app...

Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

by Maluh Bastos
February 1, 2023
0
7.3k

The DeFi world is growing fast. Therefore, having a trustable and effective platform to navigate this universe can help users...

Time to start using K5: learn how to migrate to the new Klever wallet app version

Time to start using K5: learn how to migrate to the new Klever wallet app version

by Maluh Bastos
January 31, 2023
0
7.3k

KleverChain’s launch in 2022 was one of the biggest accomplishments for the Klever Ecosystem.  Klever’s very own blockchain is bringing...

Use cryptocurrency and blockchain for transparent and secure voting

Use cryptocurrency and blockchain for transparent and secure voting

by Warren Manuel
January 30, 2023
0
7.3k

The integrity of democratic voting systems is crucial for the functioning of a healthy democracy. In recent years, there has...

Next Post

Market Update: KLV up +4.43% to $0.06, BTC at $39,286 (+10.31%), ETH at $2,488 (+5.79%)

Klever’s Continuous Software Monitoring to Improve Service Quality, by Site Reliability Engineer Kadu Barral

Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8335 shares
    Share 3334 Tweet 2084
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7021 shares
    Share 2808 Tweet 1755
  • Bitcoin battles back from record losses to $21,000

    5914 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5358 shares
    Share 2143 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5070 shares
    Share 2028 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

K5: a bright future ahead with the community being the biggest inspiration 

K5: a bright future ahead with the community being the biggest inspiration 

February 3, 2023
Klever is your go-to DeFi solution 

Klever is your go-to DeFi solution 

February 1, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version