The First Decentralized Darkpool Protocol Bridging Broad digital assets to DeFi.
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(YorkPedia Editorial):- Singapore, Aug 20, 2020 (Issuewire.com) – The first decentralized dark pool protocol bridging broad digital assets to DeFi. With interoperability in mind and solid team, cross-chain expertise Darkpool blockchain will bring new markets to the Cosmos ecosystem providing users with the liquidity and the necessary fundamentals for DeFi applications and services.
Darkpool removes the need for a trusted intermediary to operate a dark pool and provides crypto-economic incentives through a protocol token for governance; enabling the development of a secure, decentralized, scalable dark pool protocol capable of handling billions in trading volume daily.
START IN Darkpool Protocol
- DAP is the world first electronic cash.
- Holding DAP is like holding your own bank.
- You can trade safely.
- Your asset is yours only and no one knows your balance nor be able to trace your financial activities
The technical goal of the Darkpool Protocol is to enable a decentralized network of nodes that are used to match orders without any knowledge about the orders. To achieve this, the team behind it used cryptographic techniques that have been researched for the past three decades. They then modified them to work in the world of decentralized computation. Once a trader places an order, the nodes run the matching computation until they find a match or until the expiry of the order.
The goal of the DAP tokens is to provide an incentive to the computational node to perform their order matching computations. It is unlikely that anyone will be willing to run order-matching nodes if there are no financial incentives especially since running and maintaining such nodes comes at a cost. The DAP tokens provide the incentive. Besides that, they are used to pay bonds to the Registrar, which will allow order matching nodes and traders to take part in the Darkpool exchange.
How The Darkpool Protocol Works
The primary technical goal of the Darkpool Protocol is to enable a decentralized network of nodes to match orders, without knowing anything about the orders. While it might seem like this is impossible, it can be achieved by applying cryptographic techniques that have been thoroughly researched over that last 30 years; modifying them to be suitable for the world of decentralized computation.
Decentralized Order Matching
Order matching is the process through which nodes match orders against each other without being able to observe the details of the order. To achieve this, traders first breakup their order into a set of order fragments.
when running and maintaining order matching nodes is not free. The DAP token is introduced to provide this incentivization. It is also used to pay bonds to the Registrar, allowing traders and order matching nodes to participate in the Darkpool.
The ideal Darkpool Protocol contains a trusted, and incorruptible, third-party T. Traders submit their orders to T, and T guarantees to never reveal the details of these orders.
Incentive Model And Applications-
ENGLISH NAME : DARKPOOL CHAIN
ABBREVIATION : DAP
TOTAL CIRCULATION : 1 BILLION
DAP FUNCTIONS : MINING, DOLLAR ISSUANCE ANCHOR, TRANSACTIONAL GAS
PRE-SALE AMOUNT : 10 MILLIONS
PRICING : PRIVATE SALE: 0.2 USD
PUBLIC SALE: 0.4 USD
Official Facebook Account- https://www.facebook.com/darkpoolprotocol/
Official Twitter Account- https://twitter.com/dpprotocol
Official Telegram Account- https://t.me/darkpoolprotocol
Official Medium Account- https://medium.com/@darkpool
This article was originally published by IssueWire. Read the original article here.