Taurus0X (TAUR)

Smart Derivatives

Review Score
4.05/5
ICO Price
0.045392 USD
0.0002 ETH
Pre ICO Price
N/A
Soft Cap
N/A
Hard Cap
20,000 ETH
Start Date
21 June 2018
End Date
6 September 2018

What is Taurus0X?

 

We describe a distributed, open standard protocol that facilitates decentralized trading of digital asset derivatives. The protocol intends to standardize derivative trading and provide a distributed blockchain backend for persisting and executing contracts. The architecture adopts an off-chain/on-chain approach. Contracts are generated and signed securely offline, and may be transmitted over any medium. The protocol leverages multisig contract technology and Elliptic Curve Cryptography in the form of ECDSA to generate and verify digital signatures. The protocol business logic is maintained in a system of smart contracts on the Ethereum blockchain. The protocol operates in two modes: peer-to-peer and moderated, allowing exchanges and/or independent dApp developers to utilize its functionality. Finally, the protocol is an open source project intended to be governed by a proof-ofstake Decentralized Autonomous Organization or DAO . Decentralized governance facilitates continuous integration and development with consensus of the governing the community.

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