TRAURUS0X: A DISTRIBUTTED, OPEN-STANDARD PROTOCOL FOR DECENTRALIZED DERIVATIVE TRADING

TRAURUS0X: A DISTRIBUTED, OPEN-STANDARD PROTOCOL FOR DECENTRALIZED DERIVATIVE TRADING.

The crypto world has grown exponentially in the last couple of years since the creation or introduction of the first decentralized cryptocurrency called bitcoin. We can as well say that digital currencies more or less has altered the course of money.

By the creation of this digital currencies, a new way of tracking ownership of digital assets emerged. This is what is called blockchain. In fact, so many innovations since that time like Ethereum which have laid the foundation for building further mind blowing invocations, capable of growing the economies in a greater dimension have being erupting.

Infact, While there are vast advantages construed in centralized exchanges, most significantly performance and scalability as of today, there are critical technical and economic risks attached to centralization of data and business logic. Some of these risks are data breaches, market monopolization, and trust invested in third party entities with potential insider malicious activity.The global financial system in its current form is largely centralized, and that applies to cryptocurrencies. Traders are left with little choice but to rely on a broker to trade assets and asset derivatives. While this model has worked and failed many times, we now see an opportunity in decentralization for trading

derivatives peer-to-peer over a blockchain network hence, the reason for this project. Reducing reliance on an intermediary naturally reduces the attached risks. The goal of TAURS0x is a protocol that standardizes derivative trading of any digital asset, not limited to cryptocurrencies.

CHALLENGES TODAY

The following are the challenges Taurus0x profiles solutions to.

Centralized exchange limitations

market monopolization
Data breaches
High friction between fiat and digital currencies.

Decentralized Exchanges limitations

infrastructure cost offset to consumer.

High fees for an average trader

performance limitations.

Transaction response time still in the seconds.

THE PROPOSED SOLUTION

Hybrid systems apply decentralization where it make sense allows for building scalable solutions on block chain, as opposed to abrupt migrations from a polar opposite ecosystem.

Offs-chain contract creation and matching algorithms.
on chain persistence and execution decentralized.

Unified standard for contracts and message formats.

Speed and performance with contract centralized technologies.

Single, immutable source of truth using Bloch chain backend.

HOW IT WORKS WITH PICTURES

Simple details on the mechanism

Create : maker creates a signed smart derivative.

Sign: Taker verifies signature and sign contract.

Publish: contract published to Enthereum Bloch chain.

Execute: Contract is executed and fund are transferred.

TOKEN INFORMATION

Below is the break down of the token detailed imformation.

CONCLUSION:

In conclusion, signing contracts offline has increase security. And security is very important for investors.TAURUS0X seem to have solved this problem. That is why i urge everybody to invest in the project.

Also, this platform is not only our future but also the future of many other countries, and over time it will unite everyone, cooperation between the two best hybrid systems will lead to the greater growth of tokens in the long-term prospect of this project.

We will watch longer for the development of the company and hope that the team will succeed.

TAURUS0X indeed revolutionizes the way we trade assets! It's trusted, peer to pee, and totally instantaneous. I once again urges your in participate.
Happy reading!

To further know more, follow the links below

Website: https://www.taurus0x.com

Whitepaper: https://www.taurus0x.com/pdf/whitepaper.pdf

Twitter: https://twitter.com/taurus0x

Telegram: https://t.me/Taurus0x

Facebook: https://www.facebook.com/Taurus0x/

Authorship: Mr. Emmanuel

Bountyhive URL: https://bountyhive.io/r/EmmaG

Bountyhive.io username: EmmaGAuthor's bitcoins talk link: https://bitcointalk.org/index.php?action=profile;u=2233995