OpenANX project Open Transparent Decentralized 22.06.2017

details of which you can pay attention to the official website of the project https://www.openanx.org/sc/the.

Abstract
With improvements in the Ethereum blockchain ecosystem brought about by
state/payment channel developments and decentralized governance methodologies
such as boardroom.to, significant functional improvements can be considered to the
entire Centralized Exchange Model (“CEM”). Key to this concept is the deployment of
a new decentralized exchange platform that allows transparency for end users, holds
collateral for participating gateways and provides a predetermined channel for dispute
resolution. Current centralized exchanges are opaque, closed systems with limited
visibility of security and access protocols, while the first generation of decentralized
exchanges fail to adequately provide liquidity and trade volume for users. This white
paper provides the pathway to a new, significantly improved platform governed by a
decentralized autonomous organization (“DAO”), which in turn shall be developed by
the Open ANX Foundation (the “Foundation”), a non-profit foundation. Furthermore,
we shall explore the importance of governance and transparency required of any
exchange system in order for it to be effective. The paper will provide an outline of the
openANX project (“openANX” or the “Project”), milestones in the development, and
delve into the requirements needed to ensure that the project avoids the pitfalls of
previous decentralized exchange developments.
Key Words: Blockchain, Raiden, 0x, ANX, decentralized, openANX, OAX, exchange,
cryptocurrency exchange, cryptocurrency
Authors: Hugh Madden, David Tee, Lionello Lunesu & Liam Bussell
Editorial: Kathy Kok, Dave Chapman, Ken Lo, Zane Tackett & Tiarnan Lynch
Design: William Chiu, Ash Lam & Richard Wu

“ANX firmly believes decentralized exchanges will dominate the cryptocurrency market. We plan to lead the march toward this future through openANX, which will be fully open sourced, transparently governed, and kickstarted by ANX's technology, experience in operating an exchange, infrastructure, and wide network of users.”
Hugh Madden, Director of Technology, openANX
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