Jump to content
Sign in to follow this  
Emmanuel

Ninance: A Decentralized Token Exchange Protocol

Recommended Posts

 
Ninance:
 
A Decentralized Token Exchange Protocol
Blockchains have been revolutionary by allowing anyone to own and transfer assets across an open financial network without the need for a trusted third party. Now that there are hundreds of blockchain-based assets, and more being added every month, the need to exchange these assets is compounding. With the advent of smart contracts, it is possible for two or more parties to exchange blockchain assets without the need for a trusted third party. Decentralized exchange is an important progression from the ecosystem of centralized exchanges for a few key reasons: decentralized exchanges can provide stronger security guarantees to end users since there is no longer a central party which can be hacked, run away with customer funds or be subjected to government regulations. Hacks of Mt. Gox, Shapeshift and Bitfinex have demonstrated that these types of systemic risks are palpable. Decentralized exchange will eliminate these risks by allowing users to transact trustlessly - without a middleman - and by placing the burden of security onto individual users rather than onto a single custodian. In the two years that have passed since the Ethereum blockchain's genesis block, numerous decentralized applications (dApps) have created Ethereum smart contracts for peer-to-peer exchange. Rapid iteration and a lack of best practices have left the blockchain scattered with proprietary and application-special implementations. As a result, end users are exposed to numerous smart contracts of varying quality and security, with unique configuration processes and learning curves, all of which implement the same functionality. This approach imposes unnecessary costs on the network by fragmenting end users according to the particular dApp each user happens to be using, destroying valuable network effects around liquidity.
 
HERE IS NINANCE
 
Ninance is an open protocol for building decentralized exchanges. Ninance operates as a public set of smart contracts responsible for trade and settlement, with an off-chain group of actors aggregating and communicating orders. The protocol is free, extensible, and serves as a standardized building block for decentralized applications (dApps) that incorporate exchange functionality. Its interoperable standards facilitate trustless, anonymous trading. An important improvement over current decentralized exchange protocols is the ability for orders to be mix-and-matched with other, dissimilar orders, obviating the constraints of two-token trading pairs and drastically improving liquidity. Ninance also employs a unique and robust solution to prevent front-running: the unfair attempt to submit transactions into a block quicker than the original solution provider. Ninance is blockchain agnostic, and deployable on any blockchain with smart contract functionality. At the time of writing, it's operable on Ethereum under construction.
 
READ MORE ON OUR WHITEPAPER LINK - https://www.ninance.io/docs/Ninance-WhitePaper-En.pdf
 
OUR MAIN WEBSITE - https://www.ninance.io/

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Popular Contributors

  • Similar Content

    • By Warfare
      AirTM is a a unique blockchain-and-bank-connected digital wallet and peer-to-peer exchange platform founded in 2015.
      Recently, it raised $7 million in Series A funding led by BlueYard Capital.
      Currently, you can get $1 free after the first transaction as a verified member.

      YOUR USD ACCOUNT
      AirTM is your dollar account. No matter where you live, with AirTM you can deposit and withdraw local currency to and from your AirTM dollar account. You can also send and receive dollar payments instantly and for free to and from anyone in the world.
      DEPOSIT AND WITHDRAW LOCAL CURRENCY
      Once you’ve opened your AirTM account, just hit the deposit button and enter the amount of local currency you want to hold as dollars in you AirTM account, as well as the e-transfer method you want to use to make your deposit.
      AirTM matches you with a peer who earns a small commission for completing your transaction. We debit the dollars from your peer's AirTM account as soon as he or she accepts the transaction and hold the dollars in your name to ensure that everything goes smoothly.
      You send your peer the correct amount of money via a local bank transfer (or other e-transfer method) and we release the dollars to your AirTM account.
      It’s that easy.
      When you need local currency, just hit the withdraw button, enter the amount of local currency you want to withdraw, and the e-transfer method you want to use.
      We’ll match you with a peer who will receive your local currency in exchange for sending dollars to your AirTM account.
      SEND & RECEIVE USD, INSTANTLY & FOR FREE
      With AirTM you can receive dollar payments from anywhere in the world and make dollar payments to anywhere in the world--all instantly and for free.
      AirTM is the fastest, lowest-cost, and most convenient way to preserve your wealth in dollars, convert dollars to local currency, and receive or make payments in dollars.
      Money in the cloud where you want it. Cash in your hand when you need it.
      Make money your friend again with AirTM.
      PAYMENT METHODS
      Bank Transfer
      Cash:
      MoneyGram
      Pagofacil (ARS)
      Rapipago (ARS)
      Western Union
      Electronic Transfer:
      Advcash (USD)
      Alipay (CNY)
      Neteller (USD)
      Payeer (USD)
      Paypal (USD)
      Perfect Money (USD)
      Skrill (USD)
      Tenpay (CNY)
      Uphold (USD)
      Mobile:
      Airtel (INR)
      DaviPlata (COP)
      Nequi (COP)
      Venmo (USD)
      M-Pesa
      Mercado Pago
      MTN Mobile Money
      Orange Money
      Cryptocurrencies:
      Bitcoin (BTC)
      Bitcoin Cash (BCH)
      Dogecoin (DOGE)
      Ethereum (ETH)
      Litecoin (LTC)
      Monero (XMR)
      Ripple (XRP)
      Tether (USDT)
      Zcash (ZEC)
      Gift Cards:
      Airbnb Gift Card (USD)
      Google Play Gift Card (USD)
      ITunes Gift Card (USD)
      Netflix Gift Card (USD)
      PlayStation Store Gift Card (USD)
      Spotify Gift Card (USD)
      Starbucks Gift Card (USD)
      Steam Gift Card (USD)
      Xbox Live Gift Card (USD)
      THE AIRTEAM
      AirTM founders Ruben, Ton and Jorge along with members of our management, development and support teams, have lived through the chaos and uncertainty caused by the devaluation of local currency, inflation, and isolated bank networks that make it difficult to move money into or out of the country.
      Whether it’s Mexican Pesos, Venezuelan Bolivares or any of the other 100+ national currencies that consistently lose value against the U.S. dollar, the AirTeaM is committed to helping consumers and businesses access stable money that holds its value, money that is as easy to transfer as email, and that can be withdrawn as local currency whenever it’s needed.
      Link: AirTM
    • By epixelmlm
      Are you in search for the best cryptocurrency exchange to start/do the cryptocurrency trading? Have a look at the top ranking cryptocurrency exchanges and choose the best one that suits you.
      https://www.coinspeaker.com/top-crypto-exchanges/
    • By squadus
      LocalBitcoins is the world's largest person-to-person Bitcoin exchange that serves over 1,000,000 people. You have the options of paying by cash, check, credit card, debit card, bank transfer, bank wire, Venmo, PayPal, Western Union, Litecoin, Ethereum, Bitcoin Cash with other LocalBitcoins buyers and sellers. It is one of the best platforms for merchants to set up shop and trade with other people in your local area. Essentially, every corner of the world is covered so finding someone to trade with is extremely simple. 
    • By raven99
      bitcoin exchange
      you can buy or sell bitcoin whit paypal,okpay,payeer...
       btc to paypal, paypal to btc,okpay,payeer to btc...
      https://tvskybox.com/btc
      [email protected]
      skype     buran9975
      also sell the full files of website...25 usd - full script and files+database
       

    • By curex
      Hey

      We buy and sell daily alot of different cards - gift cards , prepaid cards - if you have debit/credit cards and wanna use then you can add me , maybe you can buy some gift cards for me and I give you bitcoin or any other payment you looking.

      Accepted most cards like itunes, amazon, ebay, walmart, target, best buy, onevanilla, moneypak, gobank, amex, home depot, macys, neosurf, paysafecard ... and much more. We are a group of peoples from different countrys so we can do bank transfers and wu/mg tho over world.

      fast contact for better talk 
      icq: 698619486
      skype: curexineurope
      WHATSAPP: +37256754660
      Telegram: @rjohnny
  • Topics

×