In this year alone, the crypto adventure of the co-founder and CEO of Square and Twitter, Jack Dorsey, has been exhilarating. This time around, his payment-focused tech company, Square has released the white paper of its proposed decentralized Bitcoin exchange, codenamed as tbDEX.
The whitepaper described the design philosophy of the proposed tbDEX, as one without a trustless model and no governance token, unlike most decentralized exchanges (DEX).
tbDEX introduces groundbreaking features
While many crypto enthusiasts are used to DEXs that require little to no registrations, tbDEX bucks that trend as it requires that all users of its platform satisfy the customary Know-Your-Customer (KYC) check that is peculiar to their area. Upon completion of this policy, users would then be able to connect their wallets to tbDEX and swap tokens.
We made a white paper. https://t.co/ffvYGjQQ7T
— TBD (@TBD54566975) November 19, 2021
Apart from the above, the tbDEX white paper also revealed
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