INTRODUCINGTaurus0x is an open-source protocol that standardizes derivative trading for any digital asset, which can be implemented in centralized and decentralized exchanges. Taurus0x utilizes multisig contract technology and Elliptic Curve Cryptography, which will generate and verify the digital signatures that have been transmitted by the system. The solution offered by Taurus0x, allows each entity to be able to issue a contract that can be secured by asymmetric cryptography and allows the contract to be executed directly and funds can be transferred securely.
Getting Started DevelopmentSince the first emergence of cryptocurrency, many changes have been made through this system, such as blockchain technology and decentralized systems, allowing every financial transaction to be processed safely and transparently. The spirit brought by cryptocurrency is to create decentralized trade and financial transactions that are not regulated by any party and enable transactions to be fast, secure and without state or region borders. If we look back on 2009, where bitcoins were first created and developed, many doubted the security of the cryptocurrency but in the end, they were all proven by the success of bitcoin.
As we know that protocols are necessary for systems to work properly, and so with blockchain, this system requires a protocol to be able to create, verify and execute contracts that have been created by related entities. The protocol also serves as a standardization of derivative trading for digital assets in decentralized and centralized exchanges.
Such protocols are developed by Rawad Rifai and his team, which is where the protocol is named Taurus0x and runs open source. This protocol standardizes derivative trade for digital assets and is not limited to cryptocurrencies. This protocol allows each entity to issue contracts that can be secured by asymmetric cryptography, and this protocol can be plug and play on centralized and decentralized exchanges.
Protocol Identity
- Secure, Taurus0x is developed by an experienced and reliable team, which in turn periodically examines the security of the protocol.
- Decentralized, Taurus0x runs with a decentralized system so there is no system failure.
- Simple, Taurus0x is developed with simplicity and ease.
- Transparent, Taurus0x will be developed with a transparent system and allow other parties to be able to contribute to developing this protocol.
Modes of OperationsThe following are the two operating modes of Taurus0x;
- Peer-to-peer Mode
- Exchange Mode
In ConclusionTaurus0x aims to be an open-source protocol that standardizes derivative trading for any digital asset that runs transparently and decentralized.
TOKEN SALES - JOIN OPPORTUNITYWith this opportunity, Taurus0x invite you to enlarge this Platform to reach the Broader Society. Taurus0x will release the Token under the name “TAUR Token”, here is the data.
IMAGE FROM TAURUS0X
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