Kyber Network is a decentralized trading platform for instant trading and exchange of highly liquid digital assets (various encrypted tokens, such as Ethereum and its ERC20 tokens, Bitcoin and ZCash, etc.). In order to achieve seamless payment between different tokens for all users, Kyber Network will provide rich payment APIs and a new generation of contract wallets to expand KyberNetwork's overall transaction capabilities.
Project Highlights:
Kyber Network provides a trustless decentralized transaction and payment service. The protocol will be designed as on-chain transactions, i.e. all transactions will be written to the Ethereum blockchain. KyberNetwork features trustless decentralized execution, instant transactions and high liquidity.
Like the main creative team introduced above, this is also a highlight of the project. Loi, Yaron, and Victor are all ether experts who have been deeply involved in blockchain technology for many years, with rich experience and strong technical strength.
Kyber Network provides four services, namely:
Reserve Entities - They provide liquid assets. This feature ensures smooth token transactions on the network. It allows two types of entity registration, public registration and private registration.
Reserve Contributors - Reserve Contributors share their Reserve Profits with other Contributors only when the Reserve entity is public.
Reserve managers - they are accountants for the Kyber network. They are responsible for estimating and calculating exchange rates on exchanges and maintaining reserves.
Kyber Network Operator - It is responsible for the operation of the Kyber Network. It checks, verifies, and passes reserve entities, lists tradable tokens, and ensures that all Kyber Network operations are in a secure environment.
