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The next-gen exchange framework is finally here
A framework that enables cross-chain settlements without sacrificing self-custody – brought to you by an open-source network of Settlement Data Providers (SDPs) powering a Decentralized Settlement Layer (DSL).
Under budget, ahead of schedule. Our team has managed to build a new type of exchange framework from the ground-up in just a few short years - with plenty of exciting updates on the way in the near future.
TXA Network beta launch
Internal testing of fully decentralized settlement network
Introduction of a fraud-proof mechanism in which independent network validators will be able to submit a fraud proof report if a settlement is done incorrectly or if incorrect data is provided. This creates a new revenue stream for validators who provide fraud proofs during dispute resolution.
Initiation of preliminary functionalities Regarding TXA DAO operation to enable community members to voice their needs and desires.
Expansion of network robustness. This includes seamless management of contract upgrades on an individual network and exchange platform scale. During this period, in case of an upgrade, users will see their old balance on the old asset custody contract and the new balance on the new asset custody contract. Backward compatibility with previous versions of protocols will be maintained.
Alpha testing of fully decentralized network of settlement
Alpha testing of dashboard application for network participants to manage their SDPs and rewards
Implementation of fully decentralized TXA network in Beta environment
Expand support for projects looking to leverage the decentralized settlement power TXA offers
The Decentralized Settlement Layer
The framework for the next generation of powerful, convenient, and trustless hybrid-Decentralized Exchanges (hDEX). Easy to audit, explore, and use.
Exchanges that build on top of Project TXA’s framework don’t have to hold user funds. It enables everything to be done P2P. Your money stays safe because the participant exchange never touches it.
Exchanges that build on top of Project TXA’s framework don’t need to worry about having your personal data stored. That means that you don’t have to worry about people stealing your data
Project TXA’s framework is built to comply with all applicable regulations, including those of the SEC, FinCEN, and CFTC.
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