Content

• Concept

• How?

• For programmers

  • Parts and technologies
  • Interaction

• For clients

  • Widget integration
  • Widget statistic

• For users

  • how pay for smart contracts with BTC?
  • how I get money back from smart contract?
  • do you take any fee?

• For investors

  • how you will get the money?
  • what volume of smart contracts transactions today?
  • how long the development may take?
  • how many clients already want to integrate this solution?
  • how many users struggles from being not able to pay for smart contract with BTC?

• Todo

Concept

Absortium - service which allows to pay for Ethereum smart contracts by BTC. We are very excited by new technologies, built on blockchain and we believe in the future of it and particulary in Ethereum and smart contracts, we want to be part of the future. We love the openness and believe that it is the only way to achieve true security and transparency, so that is why all our sources are publicly available, and you can watch our activity and check all the code we produce.

How?

We want to do this by creating widget which will be embedded on the sites, something like coinbase or shapeshift widget but more targeted on smart contracts. We will exchange BTC on ETH by integration with Poloniex and Kraken exhanges and send ETH on behalf of user, than if smart contract send ETH back we will do the reverse operation - exhange ETH on BTC and send it to the BTC sender address. Also we want provide statistics to the smart contracts creators.

For programmers

Parts and technologies

• frontend - UI for creating the ETH/BTC addresses, exchange BTC on ETH and visa versa, deposit, withdraw money.
  • react
  • redux
  • webpack
  • nodejs
  • material-ui
• backend - backend for creating/canceling/updating/appoving orders.
  • django
  • postgresql
  • celery
  • rabbitmq
  • crossbar.io
• ethwallet - service which acts as coinbase ETH wallet (no longer needed because coinbase anounce ETH integration)
  • postgresql
  • celery
  • rabbitmq
  • geth
• poloniexbot - service which is retranslate orders from Absortium to Poloniex.
  • asyncio
  • postgresql
  • celery
  • rabbitmq

Interaction

Todo

• Create system for exchange BTCon ETH and visa versa. (backend)
• Make integration with Poloniex to get liquidity. (poloniexbot)
• Create widget.