By Bitcoin Tydskrif - 3 maande gelede - Leestyd: 5 minute
LN Markets-opgraderings Bitcoin Handel met DLC's
Bitcoin is fixing money.
Danksy Bitcoin, anyone in the world is free to transfer money over a peer-to-peer network without having to go through a financial institution. Money that cannot be censored by authorities, devalued by governments, monopolized by corporations, or stopped by borders.
Wat handel betref, bly dit egter steeds nodig om deur 'n betroubare derde party te gaan. Hoekom is dit 'n probleem? Omdat betroubare derde partye nog altyd sekuriteitsgate was en steeds is.
Bitcoin Trading Is Broken
Individuals and financial institutions alike rely on trusted third parties such as clearinghouses and exchanges to clear their Bitcoin spot and derivatives transactions.
“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.” - Satoshi Nakamoto, 2 Nov 2009
Klink bekend? Ja, dit is presies wat gebeur het tydens die 2022-besmettingsgebeurtenis waar Celsius, Terra, Three Arrows Capital, BlockFi, Voyager, FTX en vele meer ineengestort het. Die meeste van die tyd het eindgebruikers, wat hierdie derde partye vertrou het, alles verloor.
Gesentraliseerde uitruilings is inherent onseker omdat fondse saamgevoeg kan word sonder enige toesig. Handel en bewaring moet nooit, ooit gemeng word nie.
Looking at the above list of bankruptcies, one may feel helpless and declare Bitcoin trading a no go. Instead, we took a second look and wondered: does Bitcoin trading really need to take place in the books of a trusted third party? Certainly not. And Bitcoin itself provides the solution!
Bitcoin is a complex and dynamic system that has not yet found its equilibrium, and no one can predict the ultimate role it will play. Defining Bitcoin is challenging because it intersects multiple domains. Some view it as a financial asset, others as a currency, a network, or even as an ideological manifesto.
As developers of innovative trading solutions, we are particularly interested in one dimension: Bitcoin as a technical infrastructure. This technical dimension is the least visible, probably due to its relative complexity, yet we find it one of the most fascinating aspects of this Unidentified Financial Object (UFO).
And we firmly believe that Bitcoin the protocol provides the ideal building blocks for the development of sound financial services.
Building The Future Of Trading On Bitcoin
Bitcoin's code consists of operations that, when assembled, form a script. This list of available elementary operations evolved over time, with the addition of new operations to enable more complex scripts. These evolutions are often slow, but this gradual pace helps preserve the stability and security of the protocol.
Die eenvoudigste skrif is natuurlik die eweknie-oordrag van 'n eenheid van waarde. Die eerste handelsplatforms is gebou deur hierdie funksionaliteit te integreer: dit het moontlik geword om fondse direk van 'n beursie na 'n platform vir verwerking oor te dra.
The Lightning Network is an application built from a more complex script. It allows for the risk-free and instantaneous transfer of BTC. LN Markte was the first trading platform to integrate this new protocol into its core development.
Met die oog op die kleinhandelmark, is sy waardeaanbod 'n uiterste vereenvoudiging van die handelservaring: dit neem slegs 'n paar sekondes vir 'n gebruiker om alles van rekeningskepping tot kollaterale oordrag te hanteer, alles onmiddellik gedoen vanaf 'n Lightning-beursie. Die waarde-aanbod van kitshandel het meer as $2 miljard kumulatiewe handelsvolume gebring.
Building on this success, it was only natural for us to turn our attention to Discreet Log Contracts. A DLC is a native “smart contract” built on Bitcoin which enables the delivery of a payoff depending only on the publication of a price by an oracle.
Vandag dink ons dit is tyd om voort te bou op die DLC-protokol om volle vertrouelose handel moontlik te maak en 'n einde te maak aan die samevoeging van fondse deur betroubare derde partye.
Trust Minimized Trading On Bitcoin Is Now A Reality
Over the past few months, we have been building in stealth mode a trustless OTC derivatives trading platform designed to meet the needs of crypto financial institutions: DLC Markte.
Any kind of financial instrument can be traded on DLC Markte with almost no counterparty risk: Bitcoin futures and options, products on hashrate and blockspace, and potentially any asset in the world.
Traditionally, trading for institutions has always been centralized and standardized. At some point, a clearinghouse (CCP) takes control of the funds and manages settlement. Paradoxically, despite technological advancements, Bitcoin trading is much riskier than traditional trading: no regulation, trading and custody in the same place, conflicts of interest, numerous risks, and frequent bankruptcies.
DLC Markte aims to address these issues. Drawing inspiration from traditional OTC trading, we are developing a marketplace where participants can meet and transact. Similar to an ISDA/CSA agreement, collateral is exchanged directly between peers.
Om vereffening te bestuur, dien 'n slim kontrak (DLC) as 'n CCP. Hierdie slim kontrak is uniek aan elke transaksie en verseker gesegregeerde fondsbestuur, volledige deursigtigheid vir transaksiedeelnemers en vertroulikheid van eksterne akteurs.
Market participants can chat and submit bilateral requests for quotes (RFQ) to each other. Upon mutual agreement for a trade, they confirm the trades parameters and submit the initial margin to a smart contract on the Bitcoin blockchain. Throughout the life of the trade, margin calls, liquidation, and settlement may take place and unlock the corresponding outcome in the smart contract. The computation of any settlement is contingent solely on the publication of an independent oracle.
Die orakel is 'n betroubare derde party om sekere gebeure akkuraat te verifieer. Anders as 'n borg, het die orakel nie die taak om die kontrak te interpreteer of uit te voer nie. Geen uitdruklike goedkeuring word van die orakel vereis om die kontrak tot stand te bring of eensydig te vereffen nie. Die enigste vereiste is die gebruik van data wat gereeld deur die orakel gepubliseer word, wat beide vrylik beskikbaar en deelbaar is.
Alhoewel tradisionele DLC's omslagtig kan wees om te implementeer, stel ons 'n nuwe benadering met 'n koördineerder bekend om die gratis-opsie-dilemma op te los wanneer die DLC geïnisieer word. Hierdie benadering maak dit ook moontlik om marge-oproepe, likwidasie en netting in die DLC-proses te integreer.
Tydvloeidiagram van marge-oproepstappe en verskanste tydperk vir DLC met die meeste verwagte transaksiesformaat
For a technical deep dive on our solution, check our wit papier.
Die toekoms is nou
DLC Markte represents a paradigm shift, offering a trustless and secure alternative to the centralized exchanges that have long dominated the financial sector. You can already teken aan to try out our Beta!
Om te versnel Bitcoin as an infrastructure, we have completed the raise of a $3 million seed round led by ego doodskapitaal, saam met Lemniscap en Tydketting, joining our current investors Arcario, Bitfinex en Fulgur Ventures. We’re very excited to partner with investors who share our belief that bitcoin-native companies will change the world.
Welkom by 'n nuwe era van deursigtigheid, doeltreffendheid en veerkragtigheid in afgeleide handel.
Meer info: https://lnmarkets.com/ & https://dlcmarkets.com/
This is a guest post by LN Markets. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
Oorspronklike bron: Bitcoin Tydskrif