By Bitcoin Tímarit - fyrir 3 mánuðum - Lestur: 5 mínútur
LN Markets uppfærslur Bitcoin Viðskipti með DLC
Bitcoin is fixing money.
Þökk sé 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.
Hins vegar, þegar kemur að viðskiptum, er samt nauðsynlegt að fara í gegnum traustan þriðja aðila. Hvers vegna er það vandamál? Vegna þess að traustir þriðju aðilar hafa alltaf verið, og halda áfram að vera, öryggisgöt.
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
Hljómar kunnuglega? Já, það er nákvæmlega það sem gerðist á smitviðburðinum 2022 þar sem Celsius, Terra, Three Arrows Capital, BlockFi, Voyager, FTX og margir fleiri hrundu. Oftast misstu endanotendur, sem treystu þessum þriðju aðilum, öllu.
Miðstýrð skipti eru í eðli sínu óörugg vegna þess að hægt er að sameina fjármuni án nokkurs eftirlits. Viðskipti og forsjá ætti aldrei, aldrei að vera blandað saman.
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.
Einfaldasta handritið er auðvitað jafningjaflutningur á gildiseiningu. Fyrstu viðskiptavettvangarnir voru smíðaðir með því að samþætta þessa virkni: það varð mögulegt að flytja fjármuni beint úr veski á vettvang til vinnslu.
The Lightning Network is an application built from a more complex script. It allows for the risk-free and instantaneous transfer of BTC. LN markaðir was the first trading platform to integrate this new protocol into its core development.
Miðað við smásölumarkaðinn, gildismat hans er mikil einföldun á viðskiptaupplifuninni: það tekur aðeins nokkrar sekúndur fyrir notanda að sjá um allt frá stofnun reiknings til tryggingaflutnings, allt gert samstundis úr Lightning veski. Gildistillaga skyndiviðskipta færði meira en 2 milljarða dollara uppsafnað viðskiptamagn.
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.
Í dag teljum við að það sé kominn tími til að byggja á DLC samskiptareglunum til að gera fulla traustslaus viðskipti og binda enda á sameiningu fjármuna af traustum þriðja aðila.
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 markaðir.
Any kind of financial instrument can be traded on DLC markaðir 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 markaðir 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.
Til að stjórna uppgjöri virkar snjallsamningur (DLC) sem CCP. Þessi snjalli samningur er einstakur fyrir hverja færslu, tryggir aðgreinda sjóðastýringu, fullkomið gagnsæi fyrir þátttakendur viðskipta og trúnað frá utanaðkomandi aðilum.
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.
Oracle er traustur þriðji aðili til að sannreyna ákveðna atburði nákvæmlega. Ólíkt vörslumanni er véfréttinni ekki falið að túlka eða framkvæma samninginn. Ekki þarf skýrt samþykki frá véfréttinni til að koma á eða gera einhliða upp samninginn. Eina krafan er notkun gagna sem gefin eru út reglulega af véfréttinni, sem eru bæði aðgengileg og deilanleg.
Þó að hefðbundin DLCs geti verið fyrirferðarmikil í innleiðingu, kynnum við nýja nálgun með samræmingaraðila til að leysa ókeypis valmöguleikann þegar DLC er hafin. Þessi nálgun gerir það einnig mögulegt að samþætta framlegðarsímtöl, slit og jöfnun í DLC ferlinu.
Tímaflæðirit yfir framlegðarsímtöl og varið tímabil fyrir DLC með flestum væntanlegum viðskiptasniði
For a technical deep dive on our solution, check our hvítur pappír.
Framtíðin er núna
DLC markaðir represents a paradigm shift, offering a trustless and secure alternative to the centralized exchanges that have long dominated the financial sector. You can already skrá sig to try out our Beta!
Að flýta fyrir Bitcoin as an infrastructure, we have completed the raise of a $3 million seed round led by egó dauðafjármagn, Ásamt Lemniscap og Tímakeðja, joining our current investors Arcario, Bitfinex og Fulgur Ventures. We’re very excited to partner with investors who share our belief that bitcoin-native companies will change the world.
Verið velkomin í nýtt tímabil gagnsæis, skilvirkni og seiglu í afleiðuviðskiptum.
Fleiri upplýsa: 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 Tímarit.
Upprunaleg uppspretta: Bitcoin Tímarit