Ethereum Swap Whitepaper: A Peer-to-Peer Protocol for Trading Ethereum TokenssteemCreated with Sketch.

in ethereum •  6 months ago

Swap: A Peer-to-Peer Protocol for Trading Ethereum Tokens


We present a peer-to-peer methodology for trading ERC20 tokens on the Ethereum blockchain. First, we outline the limitations of blockchain order books and offer a strong alternative in peer-to-peer token trading: off-chain negotiation and on-chain settlement. We then describe a protocol through which parties are able to signal to others their intent to trade tokens. Once connected, counterparties freely communicate prices and transmit orders among themselves. Finally we present an Ethereum smart contract to fill orders on the Ethereum blockchain.

Source: https://swap.tech/whitepaper

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Love the idea. Great way to offset price slippage and prevents large volume orders from setting off trading bots.

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Thank you, i have checked my email

nice
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