Q: I did the BTC <> rBTC swap and I don't see my balance, what's happening?

| Many users contact the support team after making the BTC &lt;&gt; rBTC swap. Unlike other exchanges, this swap requires some time to be completed and, for a period of time, the balance of the outgoing currency will be deducted without the incoming currency being credited. This is normal . Below is a more detailed explanation. <h3 id="themostrequestedswap">The most requested swap!</h3> At the time when the exchange options for these two currencies were integrated into Defiant, there was a significant demand for a mechanism that would allow easy and reliable swapping between BTC and rBTC. At that time, the Defiant team came across two possibilities, both of which were incorporated into the application. First, the native bridge of the Rootstock (RSK) blockchain, the 2WayPeg or PowPeg, was integrated. Second, a exchange option with the provider KriptonMarket was integrated. These are the two options that can currently be used to exchange between BTC and rBTC from Defiant, both working correctly, but with their respective waiting times. <hr /> <h6 id="powpeg">PowPeg</h6> Possibly, this is the most sought-after option by technology fundamentalists. The Rootstock blockchain relies on the security of this mechanism, which is the guarantee that 1 BTC = 1 rBTC. Also known as 2WayPeg, this mechanism has 2 ways, as it serves for the conversion of BTC to rBTC and vice versa, from rBTC to BTC. The first of these is known as Peg-in —IN, since BTC is entered into the Rootstock network—, and the second is called Peg-out

Q: What is the Derivation Path?

|| The derivation path is one of those entirely technical concepts that self-custodial wallet users, such as those of Defiant, need to deal with nowadays. It's not necessary to have a complete understanding of it, but eventually, it may be necessary to know what it is and how it impacts the importation of our recovery phrase. ** Derivation path ** When importing/deriving a wallet from the 12/24 words of the recovery phrase, a set of computer instructions is needed to define the way in which the key pair —private key/public key— that makes up any wallet will be obtained. These instructions make up the derivation path, which typically looks like m/44'/60'/0'/0'/0. <hr /> Different paths, different addresses Even if the same recovery phrase is used, using two different paths implies accessing two different wallets, accounts, or addresses. This means that if we import the same 12 words once with the path m/44'/60'/0'/0'/0, and once with m/44'/61'/0'/0'/0, for example, we will obtain different addresses for each case. Therefore, it's vital to remember which path we're using to derive the recovery phrase. However, the derivation paths used by most interfaces are only a few. Since the derivation path gathers the instructions to obtain the private key from the recovery phrase —from which the public key is derived, and then the wallet address is obtained—, all this technical jargon can be avoided by safeguarding and importing a wallet directly with the private

Question 1

I did the BTC <> rBTC swap and I don't see my balance, what's happening?

Accepted Answer

| Many users contact the support team after making the BTC <> rBTC swap. Unlike other exchanges, this swap requires some time to be completed and, for a period of time, the balance of the outgoing currency will be deducted without the incoming currency being credited. This is normal . Below is a more detailed explanation.

The most requested swap!

At the time when the exchange options for these two currencies were integrated into Defiant, there was a significant demand for a mechanism that would allow easy and reliable swapping between BTC and rBTC. At that time, the Defiant team came across two possibilities, both of which were incorporated into the application. First, the native bridge of the Rootstock (RSK) blockchain, the 2WayPeg or PowPeg, was integrated. Second, a exchange option with the provider KriptonMarket was integrated. These are the two options that can currently be used to exchange between BTC and rBTC from Defiant, both working correctly, but with their respective waiting times.

PowPeg

Possibly, this is the most sought-after option by technology fundamentalists. The Rootstock blockchain relies on the security of this mechanism, which is the guarantee that 1 BTC = 1 rBTC. Also known as 2WayPeg, this mechanism has 2 ways, as it serves for the conversion of BTC to rBTC and vice versa, from rBTC to BTC. The first of these is known as Peg-in —IN, since BTC is entered into the Rootstock network—, and the second is called Peg-out

Question 2

What is a wallet?

Accepted Answer

In the blockchain space, the term 'wallet' has at least two meanings.

On one hand, a wallet can refer to a program or application that serves as the primary interface for cryptocurrencies users (such as Defiant). Within this wallet, the user can interact with the different blockchains: control their funds, make transactions, manage their addresses and keys, etc.

On the other hand, at a lower level, a wallet refers to the data structure that actually stores and manages the user's keys. Following this definition, many wallets can be managed in Defiant at the same time — My wallets → Create / Import —. Each wallet has associated a set of keys from which addresses are derived and transactions can be signed to move the funds deposited there. In this sense, wallets do not hold funds themselves, but they do hold the necessary information to manage funds that are associated with particular addresses.

Each wallet will require a recovery phrase to obtain the keys and addresses from it. Despite some existing standards, the processes with which this information (keys and addresses) is generated can vary, so sometimes it will be necessary to verify certain parameters to successfully export a wallet from one interface to another.

| For more information on the latter, see What is the Derivation Path?

Question 3

⚡Lightning Network on Defiant⚡

Accepted Answer

|| Lightning Network is a network used for fast and low-cost BTC exchanges. Currently, the Lightning Network project presents itself as the best candidate to solve the scalability problem of Bitcoin's main network, on the path to true adoption of this cryptocurrency as a global payment system.

Lightning Network (LN⚡)

LN⚡ is independent from the Bitcoin blockchain, but it can still be used for BTC exchanges. LN⚡ can be described as a network of interconnected payment channels that allows the transfer of balances, or BTC, peer-to-peer.

Payment Channels

The proposal of LN⚡ consists of part of the value exchanges being resolved off-chain, where LN⚡ allows for the opening of payment channels between two addresses on the Bitcoin network. These addresses will give up a specific amount of BTC to this channel, which can be reassigned between these two addresses as many times as desired without the need to report the change of balances on the Bitcoin blockchain. If either party already had another open LN⚡ payment channel, it will serve as a bridge to the different people with whom it shares channels, enabling a payment network between all actors, only limited by the BTC capacity defined when opening each of the channels.

|| Currently, there are more than 80,000 open payment channels on the Lightning Network.

On-chain transactions and off-chain transactions

Within the LN⚡ payment protocol, there are only two types of transact

Question 4

What is the Derivation Path?

Accepted Answer

|| The derivation path is one of those entirely technical concepts that self-custodial wallet users, such as those of Defiant, need to deal with nowadays. It's not necessary to have a complete understanding of it, but eventually, it may be necessary to know what it is and how it impacts the importation of our recovery phrase.

** Derivation path **

When importing/deriving a wallet from the 12/24 words of the recovery phrase, a set of computer instructions is needed to define the way in which the key pair —private key/public key— that makes up any wallet will be obtained. These instructions make up the derivation path, which typically looks like m/44'/60'/0'/0'/0.

Different paths, different addresses

Even if the same recovery phrase is used, using two different paths implies accessing two different wallets, accounts, or addresses. This means that if we import the same 12 words once with the path m/44'/60'/0'/0'/0, and once with m/44'/61'/0'/0'/0, for example, we will obtain different addresses for each case. Therefore, it's vital to remember which path we're using to derive the recovery phrase. However, the derivation paths used by most interfaces are only a few.

Since the derivation path gathers the instructions to obtain the private key from the recovery phrase —from which the public key is derived, and then the wallet address is obtained—, all this technical jargon can be avoided by safeguarding and importing a wallet directly with the private

Question 5

How to manually add a token

Accepted Answer

⚠️ Before adding a token ⚠️

First of all, when wanting to add a token, two things must be considered: (1) the ${color}#00bc59 you want to add, and (2) the ${color}#00bc59 non which you intend to operate with this token.

||| The same token can exist on multiple networks. Therefore, when adding a token, it is important to ensure that the selected network/blockchain is correct; this way, you can avoid any inconveniences and, in the worst case, the loss of your funds.

Example 👌

We want to receive USDT ${color}[#ff0000](Tron network).
However, **USDT ** is a token that is hosted on multiple networks. In Defiant, you will find USDT on 13 networks: ⛓ Ethereum ⛓ RSK ⛓ BSC ⛓ Polygon ⛓ Celo ⛓ Fantom ⛓ Avalanche ⛓ Arbitrum One ⛓ Optimistic Ethereum ⛓ Gnosis Chain ⛓ Tron ⛓ Moonbeam ⛓ Moonriver
We need to add USDT — specifically ${color}[#ff0000](USDT on the Tron network).

Adding a token

To add a token from the app, simply click on the + button → write the token's name → select token's network → ✔️ Add .

Similarly, a token can be added from the dashboard by going to the side menu → My wallets → Coins → enter the token name → select the network → ✔️ Add.

I want to add a token, but it is not listed 👀

If you want to add a token corresponding to ${color}[#00bc59](**one of th

Question 6

Two kind of wallets: cold wallets and hot wallets...

Accepted Answer

| To understand what we are talking about when we talk about wallets, visit this other article 👉 What is a wallet?

One of the most important points to cover when investing or starting to use cryptocurrencies is how they will be stored. Specifically, the question has to do with the security of the assets to be managed and is first resolved by defining the type of wallet that will be used. In this regard, a classification widely used to differentiate wallets by the security they offer is the one that separates cold wallets from hot wallets. In both cases, we will be talking about wallets that allow you to store and manage cryptocurrencies. However, the differences are important and, depending on each profile, they will represent significant advantages or disadvantages to consider.

Cold wallets

Wallets that fall into this category stand out for being the safest storage options. In exchange for greater security, they may lose in practicality and functionality. They are called cold wallets because they are not connected to the internet when generating the private keys of the account, making it impossible for them to be vulnerable to hacks, malware, or other forms of attack. This is their main feature and makes this type of wallet the choice for long-term hodlers. As in any wallet, receiving cryptocurrencies is simple, only requiring the wallet's associated addresses. However, depending on the type of cold wallet in question, the

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