Description
OpenDEX Network is a decentralized, trustless exchange network designed to facilitate the permissionless exchange of assets across different blockchains without the need for a central authority. It operates through a network of nodes using atomic swaps and a decentralized protocol for order matching and execution, ensuring users maintain full control and custody of their funds. OpenDEX removes the reliance on traditional order books, instead employing a system for decentralized direct order matching, aiming to reduce the risks associated with centralized exchanges. It supports cross-chain transactions to enhance liquidity and connectivity within the DeFi ecosystem. OpenDEX is built on top of the Lightning and Raiden networks, underpinned by a set of open protocol specifications known as BOLD (Basis of L3 DEX), inspired by the BOLT specifications of the Lightning Network. This allows for interoperability and P2P trading across different software implementations. OpenDEX is characterized by its global, community-driven approach, being maintained by an open community rather than operating as a legal entity. This infrastructure aims to establish a singular global trading network in...
OpenDEX Network is a decentralized, trustless exchange network designed to facilitate the permissionless exchange of assets across different blockchains without the need for a central authority. It operates through a network of nodes using atomic swaps and a decentralized protocol for order matching and execution, ensuring users maintain full control and custody of their funds. OpenDEX removes the reliance on traditional order books, instead employing a system for decentralized direct order matching, aiming to reduce the risks associated with centralized exchanges. It supports cross-chain transactions to enhance liquidity and connectivity within the DeFi ecosystem. OpenDEX is built on top of the Lightning and Raiden networks, underpinned by a set of open protocol specifications known as BOLD (Basis of L3 DEX), inspired by the BOLT specifications of the Lightning Network. This allows for interoperability and P2P trading across different software implementations. OpenDEX is characterized by its global, community-driven approach, being maintained by an open community rather than operating as a legal entity. This infrastructure aims to establish a singular global trading network in...
