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Broadcast Procedure

Phase 2 - Backend Program Broadcasting Transaction

In the second phase, the backend program listens for new transactions on BEP20/ERC20 SXPSwap contract.
The backend program listens to transactions from a local full node and from trusted remote API's.

If the transaction is fully confirmed, the backend program will run the following validations checks.

  1. Check if the incoming transaction has already been processed on the backend tool and on the SXP blockchain
  2. Contract ID of the tokens that have been received on the SXPSwap contract.
  3. Amount of tokens that have been transferred.
  4. Validation of the new SXP mainnet address.
  5. Check validations over 3 different BSC/ETH nodes.

Once all validations are passed. The backend program will generate a transaction and broadcast it to mainnet to the address that was submitted in the contract.
Within this transaction, the memo will contain additional details regarding the SXPSwap transaction in the following format:

Memo

bsc:0x4f7ce4430909fef471f30c4d7c74156bc9df8887c3b0f7d0c50d2085dcada254

The prefix determines where the transaction originated from, either Binance Smart Chain or Ethereum.
Adding this note to mainnet transactions will provide transparency to incoming swaps, but it's also for the forging nodes to run their own validations.

Security notices

The server that hosts the backend program has several security features in case of failures such as server hacks, server reboot, ddos attacks, DC issues or server maintenance.

Swaps can only occur from a specific master address. The forging nodes will only process transactions from this wallet if the data in the memo matches with the response from the API's.
Meaning that any other transactions sent from this wallet with a wrong address, wrong transaction ID or no memo at all, will be denied by the forging nodes.
This also means that in case the private keys of this master address are leaked in the public or somehow obtained by a hacker, there is no way to move funds out of this wallet without matching data from SXPSwap.
Even if it does contain matched data. Duplicate transactions with the same transaction ID are denied by the network.