Project TXA price

TXA

#2646

TXA Staking is NOW live on https://swap.tacen.exchange/

TXA is an open source project that provides decentralized settlement services to exchanges that wish build on top of its settlement layer. TXA's Decentralized Settlement Layer serves as the foundation for a new kind of crypto exchange: hDEX, which stands for Hybrid-Decentralized Exchange. TXA's Decentralized Settlement Layer brings to fruition the architecture of a centralized orderbook with decentralized settlement. This means that traders will have access to CEX-like speeds while having a DEX-like trading experience in terms of privacy and security.

TXA's Decentralized Settlement Layer is entirely expandable, meaning that it can be extended by token holders through the TXA Governance Process to support any exchanges that wish to use it. It can then be integrated through open source development to support an increasing number of exchanges. Therefore, it will be able to potentially support multiple exchange platforms operated by any entity that wishes to utilize it. For example, Tacen (tacen.com) is currently building the world's first hDEX and is the first of many developers that will eventually be attracted to this novel exchange architecture and contribute to its expansion and growth.

TXA's Decentralized Settlement Layer serves as a hub for a quorum of Settlement Data Oracles (currently a minimum of 10) to reach a consensus on P2P obligations to finalize settlement on matched orders. SDO operators are TXA token holders who stake TXA and provide settlement services for trades made on an hDEX. They will then have the freedom to charge a settlement fee for their services per trade, which leads to the further democratization of the exchange process. In other words, an SDO serves as a type of node in the Decentralized Settlement Layer that receives trading data, supports the process of trade settlement, and gives SDO operators a platform to take ownership in the process of trade and settlement.