Kyber Network is a decentralized exchange system operating under the Ethereum platform. It allows users to convert and exchange tokens and digital assets, autonomously pay with their own token, hedge against price fluctuation, and receive payments from different cryptocurrencies.
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Loi Luu and Yaron Velner
KyberNetwork - A trustless decentralized exchange and payment service
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- BitcoinBitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.
- EthereumEthereum is an open-source, public, distributed blockchain computing platform featuring smart contract (scripting) functionality, which facilitates online contractual agreements.
- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.