KYBER NETWORK, The Trustless Network
Kyber Network is a new cryptocurrency exchange that aims to create a trustless network for decentralized exchange and high liquidity. Kyber Network also plans on being able to handle complex financial transactions like derivative options and forward contracts. The plan is eventually to integrate a payment API that allows wallets to receive payment from any crypto currency. While Kyber Network is still in the early stages of development, it’s one to watch out for.
Kyber Network’s Roadmap
According to the website, Kyber Network ICO launched in August and will have the main network up and running sometime in the early part of 2018. At this stage it will support trading between it’s ICO and ETH. By the second quarter of 2018 it will support trading arbitrary token pairs, and by the end of 2018 we should see Kyber Network capable of executing some of the advanced transactions mentioned above.
According to Kyber Network’s Whitepaper:
KyberNetwork will be the first system that implements several ideal operating properties of an exchange including trustless, decentralized execution, instant trade and high liquidity. Besides serving as an exchange, KyberNetwork also provides payment APIs that will allow Ethereum accounts to easily receive payments from any crypto tokens. As an example, any merchant can now use KyberNetwork APIs to allow users to pay in any crypto tokens, but the merchant will receive payments in Ether (ETH) or other preferred tokens.
For more on Kyber Network, have a look at their blog.
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