The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
Trade KNC - KNC Markets, Exchanges, Broker
The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
Trade KNC - KNC Markets, Exchanges, Broker
The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
Trade KNC - KNC Markets, Exchanges, Broker
The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
Trade KNC - KNC Markets, Exchanges, Broker
The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
Trade KNC - KNC Markets, Exchanges, Broker
The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
Trade KNC - KNC Markets, Exchanges, Broker
The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
Trade KNC - KNC Markets, Exchanges, Broker
The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
Trade KNC - KNC Markets, Exchanges, Broker
The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
Trade KNC - KNC Markets, Exchanges, Broker
The liquidity of the network should be secured in the long term. The technical basis is the Ethereum network, which also has its own cryptographic currency in the form of the Ether Coin. The special feature of the Kyber Network is that no central trading place is to be created by first having to organise the exchange of currencies. Rather, a kind of decentralised central bank is to be set up. What at first glance sounds like a contradiction in terms, in practice it looks like different users will each provide a stock of different crypto currencies. This should ensure that the exchange system remains liquid at all times so that the individual transactions can be carried out in real time. The provision of the currencies is in turn remunerated with the help of the Kyber Network Coin.
So-called Smart Contracts are the central element of the exchange network. These were originally developed for Ethereum and then taken over by the NEO Coin - also known as Chinese Ethereum. Roughly speaking, these are contracts linked to conditions. For example: If share A changes hands, the sum X is transferred in return. Of course, this procedure can also be applied to other areas - such as the exchange of currencies. The individual reserve banks are therefore linked to the trading platform by Smart Contracts. These also ensure that the most favourable exchange rate is selected and then passed on to the users of the Kyber Network.
Decentralized control still needs to be developed
It is planned that the individual reserve banks will be openly visible. However, it is still unclear who is responsible for management. So which authority decides which coins are held and which are sold? This question is not unimportant, because otherwise there is a danger that too much capital will be tied up in crypto currencies that are no longer traded. Currently, this task is still being taken over by the project team itself. In the long term, however, it is planned to establish a decentralised control system - i.e. to distribute the decision-making process over more shoulders. However, details on the design have not yet been published. However, how decentralised and independent the project will actually be will depend on this.
The Kyber Network Coin and its function
Within the exchange network, the Kyber Network Coin also exists as a means of payment. This was introduced in September 2017 as part of an ICO. At that time, the development team raised the equivalent of 200,000 ethers by issuing the new digital currency. The Kyber Network Coin is used to cover the fees of the individual reverse banks. In addition, some tokens are permanently burned during each transaction, thus preventing spam. Ideally, this will also ensure that the remaining tokens will increase in value. Numerous other activities within the exchange network are also rewarded with the help of the company's own crypto currency.
