Square’s Decentralized Bitcoin Exchange Proposal Announced: tbDEX

2021-11-21 00:16

Jack Dorsey’s TBD Bitcoin project has released the white paper of its decentralized exchange proposal.

Square’s decentralized bitcoin exchange proposal has been announced.tbDEX is a protocol that seeks to improve the on-ramp rails into bitcoin.The protocol’s whitepaper has also been released.

Square’s Bitcoin business TBD today released the whitepaper of its decentralized bitcoin exchange proposal, tbDEX, according to a statement posted on its website.

“We believe that the economy should be inclusive. We need to build on-ramps to this future where everyone can access and participate in the economy,” per the statement.

The tbDEX protocol aims to bridge the gap between the fiat and bitcoin worlds, given that most people still receive their paychecks in fiat currency and pay taxes in fiat currency. The project aims to make it easier for those who want to convert their debasing fiat for appreciating bitcoin in the purest free-market possible.

“We propose a solution that does not rely on a federation to control permission or access to the network; nor does it dictate the level of trust required between counterparties,” per the statement. “There is no governance token. Instead, the tbDEX protocol allows participants to negotiate trust directly with each other — or mutually and voluntarily rely on trusted third-parties to vouch for the counterparty.”

Transaction fees, the statement explained, would be determined by the free market, based on the amount of information each participant is willing to disclose. Therefore, complete anonymity would cost more than full disclosure of personal information.

“The tbDEX protocol also facilitates the secure exchange of the minimum necessary identity information acceptable to counterparties in order to satisfy requirements, be they legal, regulatory, or related to any other consideration of risk,” per the statement. “The protocol itself neither collects nor records any personally identifiable information.”

The tbDEX white paper has been released, containing more detailed information about the protocol’s inner workings and technicalities, and has also been published on GitHub, allowing interested developers to contribute.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Decentralized Machine Learning (DML) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0009581 (-100%)

proposal bitcoin exchange decentralized released white paper

Èñòî÷íèê: bitcoinmagazine.com

proposal bitcoin → Ðåçóëüòàòîâ: 126


The Bitcoin ETF proposal from WikiWillis doubled was rejected by PT.

On Thursday, July 26, the U.S Securities and Exchange Commission (SEC) published a report rejecting the Bitcoin ETF proposal filed by the Winklevoss twins back in June. CNBC reports that the proposal to list the Winklevoss Bitcoin Trust’s commodity-based shares on BATS BZX Exchange was voted down 3-1 by the securities watchdog on Thursday. However, the

2018-7-27 14:02


Ôîòî:

Winklevoss Bitcoin ETF Rejection Recap in Tweets: How The Crypto Market Responded

As covered by NewsBTC just a few hours ago, the SEC has just released a 92-page report highlighting major reasons supporting its rejection of the revised proposal of the Winklevoss Bitcoin ETF. The Community Reacts To The News At first glance, many cryptocurrency community members saw this announcement as another bout of rehashed news, misreported by.

2018-7-27 08:00


Ôîòî:

Breaking: Winklevoss Bitcoin (BTC) ETF Gets Rejected Yet Again

It was just announced that the most recent proposal for a Bitcoin ETF from the Winklevoss Twins, the owners and founders of the fittingly named Gemini exchange, was just rejected by the SEC. Old News Rehashed, Or Something Entirely New? At first glance, many saw this as another bout of old news that was reposted […] The post Breaking: Winklevoss Bitcoin (BTC) ETF Gets Rejected Yet Again appeared first on Ethereum World News.

2018-7-27 00:55


Ôîòî:

‘Sorry. Get Ready to Wait.’ — Bitcoin ETF Decision Will Likely Come in 2019

The US Securities and Exchange Commission will likely delay its decision on the CBOE Bitcoin ETF proposal into March 2019, according to legal expert Jake Chervinsky. SEC doesn’t have to decide within 45 days Legal expert Jake Chervinsky took to Twitter on July 24 to clear up some of the confusion on when the SEC will decide on CBOE’s VanEck/SolidX Bitcoin ETF proposal.

2018-7-26 14:00


The United States SEC postpones the NYSE Arca’s Bitcoin EFT proposal decision

On 24th June, the United States Securities and Exchange Commission [SEC] released a statement stating that the decisions related to Bitcoin ETF are postponed to September. The report released by the Federal Register states: “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed […]

2018-7-26 21:19


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


Ôîòî:

Schnorr on its Way to Become Bitcoin’s Biggest Improvement Since SegWit

Bitcoin is close to achieving a new improvement proposal. Known as Schnorr, this unique technology has been cataloged by several analysts as Bitcoin’s Biggest improvement Since SegWit. Despite not having much hype during the early stages of its development, the slow but steady work of Pieter Wuille, an influential personality in the Bitcoin ecosystem, bore […] The post Schnorr on its Way to Become Bitcoin’s Biggest Improvement Since SegWit appeared first on Ethereum World News.

2018-7-18 19:45


Ôîòî:

Public Overwhelmingly In Favor Of Bitcoin ETFs On SEC Website

There has been an overwhelmingly positive public response for the SEC to allow the Chicago Board Options Exchange (CBOE) to trade Bitcoin ETFs. The official website for the Securities and Exchange Commission (SEC) has received well over 150 comments from members of the public at press time; almost all are in favor of CBOE’s proposal to […] The post Public Overwhelmingly In Favor Of Bitcoin ETFs On SEC Website appeared first on Crypto Briefing.

2018-7-18 01:11


Ôîòî:

The Genesis Files: With Bit Gold, Szabo Was Inches Away From Inventing Bitcoin

As his Hungarian parents had fled post-war Soviet regime to settle in the United States, Nick Szabo came to call the Californian Bay area of the 1990s his home. Here, he was among the first to frequent the in-person “Cypherpunk” meetings organized by Timothy May, Eric Hughes and other founding members of the collective of cryptographers, programmers and privacy activists centered around the ’90s mailing list of the same name.

2018-7-13 17:16


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Revolut’s crypto exchange goes live as Bitbot’s presale surpasses $3.2M

Key takeaways London-based Revolut has launched Revolut X to compete with leading crypto exchanges. Bitbot’s presale has now officially crossed the $3. 2 million mark. Revolut X is now live for experienced traders Financial institutions continue to troop into the cryptocurrency space and London-based Revolut will not be left out.