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Jack Dorsey’s decentralized Bitcoin exchange tbDEX announced

Jack Dorsey’s decentralized Bitcoin exchange tbDEX announced



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  1. tldr; Payment firm Square has released the whitepaper of its decentralized Bitcoin exchange proposal tbDEX, which aims to make Bitcoin the native currency for the Internet. The project aims to offer a direct way for people to convert their fiat into Bitcoin without having to go through multiple platforms. The transaction fees would be determined by the free market, based on the amount of information each participant is willing to disclose.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. “Clarifying about the transaction fees on tbDex, the abstract explained that it would be determined by the free market, based on the amount of information each participant is willing to disclose. This means that complete anonymity would cost more than full disclosure of personal information. “The tbDEX protocol also facilitates the secure exchange of the minimum necessary identity information acceptable to counterparties in order to satisfy requirements, be they legal, regulatory, or related to any other consideration of risk.”

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