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_Last updated for Bison Wallet v1.0.0._ | ||
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--- | ||
# Download and Install | ||
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The latest version of Bison Wallet can be downloaded from https://dex.decred.org. | ||
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***Note:*** *We recommend you also verify that your download hash matches the hash | ||
in the DCRDEX releases manifest. For detailed instructions, read about | ||
[Verifying Binaries](https://docs.decred.org/advanced/verifying-binaries/) | ||
in the Decred Documentation.* | ||
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You will need to visit the [releases](https://github.com/decred/dcrdex/releases) page | ||
to download the manifest and manifest signature: | ||
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``` | ||
bisonw-v1.0.0-manifest.txt | ||
bisonw-v1.0.0-manifest.txt.asc | ||
``` | ||
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## Bison Wallet Desktop | ||
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``bisonw-desktop`` is the Desktop version of Bison Wallet. This version is a self-contained | ||
application, making it the preferred option for new users. | ||
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### Windows | ||
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1. Download the Windows installer ``bisonw-desktop-windows-amd64-v1.0.0.msi``. | ||
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2. Double click the installer and follow the instructions. | ||
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3. The installer adds a shortcut to Bison Wallet on your Start Menu. | ||
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### macOS | ||
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1. Download the ``bisonw-desktop-darwin-amd64-v1.0.0.dmg`` file. | ||
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2. Double click the ``bisonw-desktop-darwin-amd64-v1.0.0.dmg` file to mount the disk image. | ||
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3. Drag the ``bisonw-desktop.app`` file into the link to your Applications folder within the | ||
disk image. | ||
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### Linux (Debian/Ubuntu) | ||
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1. Download the ```bisonw-desktop-linux-amd64-v1.0.0.deb``` file. | ||
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2. Open a terminal in the extracted folder and run the command | ||
```dpkg -i ./bisonw-desktop-linux-amd64-v1.0.0.deb```. | ||
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3. Bison Wallet can then be launched from the applications menu. | ||
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Once the installation has completed, **Bison Wallet Desktop** can be launched from | ||
the shortcut added to the Start/Application menu. A new window will appear once the | ||
application starts. | ||
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## Bison Wallet CLI | ||
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``bisonw`` is the command line version of Bison Wallet. This version provides access to several | ||
optional parameters for more [advanced](TODO) users, a web browser is required to access the | ||
graphical user interface (GUI). | ||
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### Windows | ||
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1. Download the ``bisonw-windows-amd64-v1.0.0.zip`` file. | ||
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2. Navigate to the download location and extract ``bisonw-windows-amd64-v1.0.0.zip``. | ||
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3. The extracted files include an executable named ``bisonw``. | ||
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### macOS | ||
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1. Download the ``bisonw-darwin-amd64-v1.0.0.tar.gz`` file. | ||
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2. Navigate to the download location and extract ``bisonw-darwin-amd64-v1.0.0.tar.gz``. | ||
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3. The extracted files include an executable named ``bisonw``. | ||
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4. Open a terminal in the extracted folder and run the command ```chmod u+x bisonw``. | ||
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5. Bison Wallet can then be launched from the terminal using the command ``./bisonw``. | ||
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### Linux | ||
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1. Download the ``bisonw-linux-amd64-v1.0.0.tar.gz`` file. | ||
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2. Navigate to the download location and extract ``bisonw-linux-amd64-v1.0.0.tar.gz``. | ||
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3. The extracted files include an executable named ``bisonw``. | ||
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4. Open a terminal in the extracted folder and run the command ``chmod u+x bisonw``. | ||
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5. Bison Wallet can then be launched from the terminal using the command ``./bisonw``. | ||
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Once the installation has completed, **Bison Wallet CLI** can be launched from a terminal | ||
using the command ``./bisonw`` from within the folder where it was extracted. Once initial | ||
configuration has completed, the following message will appear in the terminal: | ||
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``` | ||
2024-10-15 10:38:04.710 [INF] WEB: Web server listening on 127.0.0.1:5758 (https = false) | ||
**** OPEN IN YOUR BROWSER TO LOGIN AND TRADE ---> http://127.0.0.1:5758 **** | ||
``` | ||
Open any web browser to the link shown by the application. | ||
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--- | ||
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# Setup Bison Wallet | ||
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Opening Bison Wallet for the first time will display the following prompt: | ||
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![Enter New Password](./images/setup-guide/new-password.png) | ||
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Setting your new client application password and clicking **Submit** will generate a new wallet. | ||
You will use this password to perform all future security-sensitive client operations. | ||
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## Restore Existing Seed | ||
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From the **New Password** prompt, you can also restore an existing application seed by clicking | ||
in the **Restoration Seed** button and entering the seed backup phrase in the 12 word format. | ||
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![Enter New Password](./images/setup-guide/restore-seed.png) | ||
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## Quick Configuration | ||
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The **Quick Configuration** wizard lets you select which [native wallets](./Using%20BIson%20Wallet.md#native-wallet) | ||
to create, you can always create them later in the [Wallet](./Using%20BIson%20Wallet.md#wallet) tab. | ||
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![Quick Configuration](./images/setup-guide/quick-configuration.png) | ||
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The selected native wallets will be created and Bison Wallet will connect to the selected | ||
DEX server when you submit the form. | ||
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_**Note:** If you encounter an error about not being able to connect to the selected DEX | ||
server during the quick configuration, you can always manually add a DEX server later through the settings | ||
panel._ | ||
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## Backup Application Seed | ||
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Once the selected [native wallets](./Using%20BIson%20Wallet.md#native-wallet) have been created as part | ||
of the **Quick Configuration** wizard, a prompt will appear to backup your application seed. This seed is | ||
used to restore your DEX accounts and any native wallets - so keep it safe. | ||
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![Backup App Seed](./images/setup-guide/backup-app-seed.png) | ||
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_**Note:** If you skip this step now (not recommended), you can go to the Settings panel to | ||
retrieve your application seed later._ | ||
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![Backup App Seed](./images/setup-guide/backup-app-seed-2.png) | ||
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This seed phrase is essentially the private key for your native wallets. | ||
You will be able to use this seed phrase to restore your private keys, transaction history, | ||
and balances using Bison Wallet on any computer. This ultimately means that anyone who knows your | ||
seed can use it to restore your private keys, transaction history, and balances to Bison Wallet | ||
on their computer without your knowledge. For this reason, it is of utmost importance to keep your | ||
seed phrase safe. Treat this seed the same way you would treat a physical key to a safe. | ||
If you lose your seed phrase, you permanently lose access to your wallet and all funds within it. | ||
It cannot be recovered by anyone, including the Bison Wallet developers. It is recommended you write | ||
it down on paper and store that somewhere secure. If you decide to keep it on your computer, | ||
it would be best to keep it in an encrypted document (do not forget the password) in case the file | ||
or your computer is stolen. | ||
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_**DO NOT, UNDER ANY CIRCUMSTANCES, GIVE YOUR SEED TO ANYONE! | ||
NOT EVEN BISON WALLET OR DECRED DEVELOPERS!**_ | ||
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## Wallet Synchronization | ||
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After the [Quick Configuration](#quick-configuration) wizard has been completed, the | ||
[Wallet](./Using%20BIson%20Wallet.md#wallet) view will be displayed, the Block Synch indicator | ||
on each wallet shows the progress as each blockchain is synchronized. | ||
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![Wallet Screen](./images/setup-guide/wallets-1.png) | ||
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## Creating a DEX Server account | ||
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Clicking the **Trade** button in the header will navigate to the [Trade](./Using%20BIson%20Wallet.md#trade) view. | ||
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![Trading Screen](./images/setup-guide/trade-1.png) | ||
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The available markets on the connected DEX servers are listed on the left side of the screen. | ||
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![Trading Screen](./images/setup-guide/trade-2.png) | ||
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An account can be created with the respective server by clicking the **Create Account** button | ||
on the top right of the screen. This will open the **Select Bond Asset** prompt. | ||
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![Trading Screen](./images/setup-guide/bond-1.png) | ||
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A fidelity bond are funds that are temporarily locked in an on-chain contract, | ||
which is only redeemable by the user who posted the bond after a certain time. | ||
Fidelity Bonds act as an incentive good behaviour on the DEX servers and are required for | ||
creating an account on every server. Read more about bonds in the [Fidelity Bonds](TODO-bonds) | ||
section of this wiki. | ||
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Pre-paid bonds are codes generated by the server operator to enable temporary | ||
trading access for individual users, once the pre-paid bond has expired, the user | ||
will have to post a bond to maintain their trading tier. Pre-paid bonds are available | ||
upon request in our [Matrix](https://matrix.to/#/#dex:decred.org) and | ||
[Discord](https://discord.com/channels/349993843728449537/454306570180886530) channels. | ||
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Once the bond asset is selected, a prompt to select the [Trading Tier](TODO-Tier) will appear. | ||
Increasing your tier enables trading of larger quantities at a time. A higher tier also | ||
increase your capacity for violations before trading privileges are completely suspended. | ||
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Trading limits are also increased as you establish [reputation](TODO-reputation) by engaging | ||
in normal trading activity and successfully completing matches. | ||
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![Trading Tiers](./images/setup-guide/bond-2.png) | ||
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Clicking the **submit** button display a new prompt indicating the requirements for submitting | ||
a bond with the selected asset. The synchronization status and available funds, along with | ||
a deposit address for the selected bond asset. | ||
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![Bond Requirements](./images/setup-guide/bond-3.png) | ||
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Once the wallet has synchronized and sufficient funds are available, a prompt will appear | ||
to confirm the selected bond options. | ||
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![Confirm Bond Options](./images/setup-guide/bond-4.png) | ||
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Clicking the **submit** button will temporarily lock the specified funds in a fidelity bond | ||
contract, these funds are only redeemable by you in the future. | ||
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The trade view will be displayed once the form has been submitted. The status of the submitted | ||
bond transaction will be indicated on the top right. The number of required confirmations will vary | ||
depending on the selected bond asset. | ||
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![Awaiting bond confirmation](./images/setup-guide/bond-5.png) | ||
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Once the bond transaction has been confirmed, the order submission section will be visible in the | ||
top right of the markets tab. | ||
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![Bond COnfirmed](./images/setup-guide/bond-6.png) | ||
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--- | ||
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Next: [Using Bison Wallet](./Using%20BIson%20Wallet.md) |
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# What is Bison Wallet? | ||
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Bison Wallet is a multi-coin wallet developed in concert with [DCRDEX](#dcrdex-protocol) | ||
and [Tatanka Mesh](#tatanka-mesh). Bison Wallet leverages state-of-the-art blockchain | ||
technology to bring more features and more privacy for your favorite assets. DCRDEX is | ||
built-in, as well as advanced trading features like market-making and arbitrage, directly | ||
from your wallet. | ||
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Our goal is to find a balance of convenience and privacy that works for you, | ||
while giving you access to advanced features most wallets ignore. For many | ||
assets, we can cut out the middleman altogether and allow you to interact | ||
directly with the blockchain network. This type of wallet is highly-resilient to | ||
data collection and censorship. | ||
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We also focus on bringing advanced, asset-specific features for our wallets. | ||
With Decred, you can use decentralized StakeShuffle mixing to further anonymize | ||
your funds, or stake your DCR and earn some block rewards. The Zcash wallet exposes | ||
unified addresses and shielded pools, and operates on a shielded-first principle | ||
that makes privacy effortless. | ||
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# DCRDEX Protocol | ||
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The [Decred Decentralized Exchange (DEX)](https://dex.decred.org/) is a system | ||
that enables trustless exchange of different types of blockchain assets via a | ||
familiar market-based API. DEX is a non-custodial solution for cross-chain | ||
exchange based on [atomic swap technology](#atomic-swaps). DEX matches trading parties and | ||
facilitates price discovery and the communication of swap details. | ||
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Some of the key features of the protocol are the following: | ||
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- **Fees** - no trading fees are collected and there is no superfluous token | ||
or blockchain that is used to monetize the project. | ||
- **Fair** – orders are matched pseudorandomly within epochs to substantially | ||
reduce manipulative, abusive trading practices by high frequency trading that | ||
uses first-in-first-out matching. | ||
- **Secure** – Server operators never take custody of client funds. Non-custodial | ||
exchange is accomplished using cross-chain atomic swaps. | ||
- **Permissionless** – The simple client-server architecture makes it easy to set | ||
up new servers and clients and enhances censorship resistance. | ||
- **No gatekeepers** – Projects can add support for their assets and run servers | ||
with the markets they require. | ||
- **Verifiable volume** – volume and trade data can be externally verified against | ||
the corresponding blockchains and the atomic swaps that occur on-chain, preventing | ||
wash trading. | ||
- **Private** – Know your customer (KYC) information is not required. | ||
- **Transparent** – By performing exchanges on-chain and using cryptographic | ||
attestation, both clients and servers can be held accountable for malicious behavior. | ||
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# Tatanka Mesh | ||
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Tatanka Mesh (Tatanka, the mesh) is the evolution of DCRDEX. Where DCRDEX relies | ||
on a central server for maintaining order books and policing trades, Tatanka is | ||
a decentralized P2P protocol that enables a network of subscribers to | ||
collectively perform these tasks. Here are the three critical services that | ||
Tatanka Mesh provides. | ||
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- Enhance the ability for users to connect and to share data both publicly and privately | ||
- Aggregate reputation data and monitor fidelity bonds. Tatanka can limit | ||
access to users who earn a bad reputation | ||
- Oracle services for fiat exchange rates and blockchain transaction fee rates | ||
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The mesh collects no fees for its services. Trades are performed using trustless | ||
atomic swaps that exchange funds directly between wallets. | ||
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Going P2P empowers our users to trade directly, enhancing security, | ||
censorship-resistance, privacy. and self-sovereignty. | ||
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# Supported Assets | ||
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Most users will use the native wallets that are already built into Bison Wallet. | ||
Depending on the asset, you may be able to choose from: (1) a native | ||
wallet, (2) an external full node wallet, or (3) an Electrum-based wallet. | ||
Consult the following table for a summary of wallet support. If there is a | ||
checkmark in the "native" column, no external software is required. | ||
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| Coin | native | full node | Electrum | notes | | ||
|--------------|--------|-------------------------------------------------------------|---------------------------------------------------------------|------------------------------------------------------| | ||
| Bitcoin | ✓ | [v27.0](https://bitcoincore.org/en/download/) | [v4.5.5](https://electrum.org/) | | | ||
| Decred | ✓ | [v2.0.3](https://github.com/decred/decred-release/releases) | x | | | ||
| Ethereum | ✓ | geth IPC/http/ws | N/A | see <https://github.com/decred/dcrdex/wiki/Ethereum> | | ||
| Polygon | ✓ | | N/A | | | ||
| Litecoin | ✓ | [v0.21.2.1](https://litecoin.org/) | [v4.2.2](https://electrum-ltc.org/) | | | ||
| Bitcoin Cash | ✓ | [v27.0.0](https://bitcoincashnode.org/) | x | use only Bitcoin Cash Node for full node | | ||
| Dogecoin | x | [v1.14.7.0](https://dogecoin.com/) | x | | | ||
| Zcash | x | [v5.4.2](https://z.cash/download/) | x | | | ||
| Dash | x | [v20.1.1](https://github.com/dashpay/dash/releases) | x | | | ||
| Firo | x | [v0.14.13.3](https://github.com/firoorg/firo/releases) | [v4.1.5.5](https://github.com/firoorg/electrum-firo/releases) | | | ||
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# Fidelity Bonds - review location | ||
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A fidelity bond are funds that are temporarily locked in an on-chain contract, | ||
which is only redeemable by the user who posted the bond after a certain time. | ||
Fidelity bonds have replaced the original one-time server registration fee since | ||
[DCRDEX v0.6.0](https://github.com/decred/dcrdex/releases/tag/v0.6.0) and act as an | ||
incentive for good conduct on the DEX. | ||
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Bonds can be revoked if an account engages in continued disruptive behavior, | ||
such as backing out on a swap. Revoked bonds can be re-activated with | ||
continued normal trading activity. | ||
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# History | ||
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Initially proposed by Jake Yocom-Piatt in the | ||
[Decred blog](https://blog.decred.org/2018/06/05/A-New-Kind-of-DEX/) in 2018, | ||
DCRDEX development started in 2019 and has been fully funded by the Decred treasury. | ||
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**Project Timeline** | ||
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| Date | Milestone | | ||
|---------|-------------------------------------------------------------------------------------------------------------------------| | ||
| 2018-06 | [A New kind DEX](https://blog.decred.org/2018/06/05/A-New-Kind-of-DEX/) blog post published in the Decred blog. | | ||
| 2019-03 | [RFP: Decred Decentralized Exchange Infrastructure](https://proposals.decred.org/record/3360c14) proposal approved. | | ||
| 2019-06 | [Decentralized Exchange Specification Document](https://proposals.decred.org/record/94cc1ee) proposal approved. | | ||
| 2019-08 | [Decentralized Exchange Development](https://proposals.decred.org/record/ad972c3) proposal approved. | | ||
| 2020-10 | [DCRDEX v0.1.0](https://github.com/decred/dcrdex/releases/tag/release-v0.1.0) MVP release. | | ||
| 2021-01 | [Decred DEX Development Phase II](https://proposals.decred.org/record/cbd0f92) proposal approved. | | ||
| 2021-05 | [DCRDEX v0.2.0](https://github.com/decred/dcrdex/releases/tag/v0.2.0) release. | | ||
| 2022-01 | [DCRDEX Phase 3 - Bonds, Decentralization, and Privacy](https://proposals.decred.org/record/3326c82) proposal approved. | | ||
| 2022-02 | [DCRDEX v0.4.0](https://github.com/decred/dcrdex/releases/tag/v0.4.0) release. | | ||
| 2022-08 | [DCRDEX v0.5.0](https://github.com/decred/dcrdex/releases/tag/v0.5.0) release. | | ||
| 2023-01 | [DCRDEX integration on Umbrel](https://proposals.decred.org/record/8d83046) proposal approved. | | ||
| 2023-03 | [Decred DEX - Desktop App and Packaging](https://proposals.decred.org/record/ae7c4fe) proposal approved. | | ||
| 2023-03 | [Decred DEX - Client Development](https://proposals.decred.org/record/ca6b749) proposal approved. | | ||
| 2023-03 | [Decred DEX - Market Maker and Arbitrage Bot Development](https://dcrdata.org/proposals) proposal approved. | | ||
| 2023-04 | [DCRDEX v0.6.0](https://github.com/decred/dcrdex/releases/tag/v0.6.0) release. | | ||
| 2023-06 | [DCRDEX Mesh Beginnings and Bonds Evolution](https://proposals.decred.org/record/4d2324b) proposal approved. | | ||
| 2024-04 | [DCRDEX Monero Stage 1](https://proposals.decred.org/record/fa0ea64) proposal approved. | | ||
| 2024-09 | [DCRDEX v1.0.0](https://github.com/decred/dcrdex/releases/tag/v0.6.0) release. | | ||
| 2024-10 | [DCRDEX Development Phase 5.5](https://proposals.decred.org/record/0d23788) proposal approved. | |
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