Not sure if this is the right category here. Grin 5.0 is coming in January. In the corresponding thread by Lehnberg (Grin v5.0.0 network upgrade (Hard Fork 4: January 2021)) following is stated:
|2020-10-30||Communication to exchanges and mining pools||Communicate with exchanges and mining pools to make sure everyone is aware and are getting ready for the upgrade, offering assistance as required.|
The longest time i believed that Grins “expert-friendly” transaction-style and lack of idiot-proof UX for users (the missing one-sided transactions as part of this) was the main cause for the ongoing trouble it has. However, when thinking about my own past experiences using Grin i came to realize that when something went off the rails usually an exchange was involved. It seems that in the past exchanges had a hard time implementing robust systems for their Users interacting with Grin. At least it seems non-trivial to accomplish such thing.
It is a good thing that Grin does not pay to get listed on exchanges. However at this point it should be a major concern for the council that if an exchange decides to support Grin, that it does not regret this decision later. I only can guess that exchanges like Bisq, Poloniex and Bittrex stopped supporting Grin because they had constantly a lot of trouble keeping it on its plattform. The ratio between fee-earnings to maintanance-costs shifted against Grins favor.
This indicates that the amount of technical documentation and communication with the exchanges to get it working properly (!) with little maintance on implementation and support in the past may not have been sufficiant.
Now this may be a good time to check:
- Is the available technical documentation sufficiant for the exchanges to implement their stuff?
- Maybe create some kind of guidance how an robust implementation would look like.
It should be actively checked why the failures of the past regarding exchanges will not repeat when Grin v5. launches in January.
I would imagine an exchange cares for: 1. Earning Fees, 2. For a coin that is easily integrated 3. and does not need much maintenence from technical stuff and support. Just put that shitcoin on the platform and let it earn me some money without much hassle.
Grin-Development should help the exchanges doing just that because it may help spreading Grin on as many exchanges as possible = more users = overtake Bitcoin = World Dominance.
tl;dr: check if technical documentation is sufficiant for exchanges to implement Grin. Check what could be improved so the exchanges have a good time having Grin on their trading-plattform.