Komodo, a blockchain interoperability and atomic swap technology organisation, is taking a major step towards developing a trustless, secure, and interoperable decentralised application by open-sourcing its AtomicDEX Mobile codebase.
AtomicDEX is a non-custodial wallet, crypto bridge, and cross-chain/protocol decentralised exchange (DEX). It is rolled into one app available on three GUIs (AtomicDEX Mobile, AtomicDEX Web, and AtomicDEX Desktop). Open-source technology refers to software that is freely available and can be modified and distributed by anyone.
Much of the world’s most widely-used software is open source. This includes Linux, Apache, and WordPress. Although blockchain protocols like Ethereum utilise open-source code, decentralised applications (dApps) that are built on top of them aren’t always open-source.
The vast majority of mobile crypto wallets on the market today use mainly closed-source technology. This means end-users or third-party developers don’t have knowledge of the code that goes into developing the application. Using closed-source technologies, particularly for crypto wallets, comes with several potential risks for end-users who use these applications to store funds.
For example, closed-source wallet providers may have critical security vulnerabilities in their application’s code, use outdated third-party code libraries with known exploits, or discreetly track/store sensitive user data (i.e public keys and transaction data) without user permission.
Ensuring transparency
Additionally, even projects that facilitate on-chain interactions aren’t necessarily transparent. For example, dApps that utilise smart contract languages like Solidity have the option to obfuscate their smart contract parameters by only writing smart contract bytecode onto the blockchain. This ensures it is more difficult for average users and developers to spot potential malicious contracts. Some projects use closed-source contracts in an attempt to keep proprietary code secret.
Others may use closed-source contracts to claim that applications function one way, while in reality, they may function completely differently. Komodo previously open-sourced AtomicDEX Desktop. The project envisions additional opportunities for developer collaboration and ecosystem expansion in the future with AtomicDEX Mobile going open source. Komodo’s purpose as an open-source blockchain technology provider is to build technologies that anyone can use to increase their personal self-sovereignty and freedom.
Going open source provides AtomicDEX users with ultimate transparency and data privacy. Users don’t have to trust that AtomicDEX is secure. Anyone can now verify for themselves in real time that AtomicDEX is truly secure.
Fully open-source crypto wallet
Komodo CTO Kadan Stadelmann commented: “This move allows us to prove that AtomicDEX is truly transparent, trustless, and secure. We’re setting a new industry standard: AtomicDEX is one of the very few mobile crypto wallets on the market that is 100 per cent open source. We challenge all other mobile crypto wallets to follow in our footsteps by going 100 per cent open source.”
AtomicDEX Mobile is currently available for download via Google Play for Android users and TestFlight for iOS users. Open-source developers can now use the AtomicDEX API as well as the AtomicDEX Mobile codebase to create their own dApps that utilise AtomicDEX’s wallet feature and/or peer-to-peer (P2P) atomic swap technology for cross-chain trading.
Additionally, AtomicDEX is technically compatible with 99 per cent of cryptocurrencies. Therefore developers of various blockchain projects can contribute to the AtomicDEX codebase or integrate their own protocols into the AtomicDEX API. In turn, protocols can be integrated into AtomicDEX Mobile as well as AtomicDEX Web and AtomicDEX Desktop.
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