Square Announces White Paper on Decentralized Bitcoin Exchange Protocol

Square's newly developed TBD distribution is free on a contract that gives everyone more time to trade digital and other assets. This process is called tbDEX.

In its resolution document, the company said that “the tbDEX protocol provides the basis for establishing the trust that supports the business model by creating a global identity. Decentralized Identity (DID) personal use history and of the identity certificate (VC). "

In a statement explaining the process, the developers at TBD wrote, “The TbDEX protocol is designed to be easy to access and exit, allowing the general public to benefit from the influence of cryptocurrency innovation. .

TBD has released a free version of GitHub for the community to help.

Square CEO Jack Dorsey, who is also CEO of Twitter, announced in early August that the company would develop an open source development platform for decentralized Bitcoin exchanges in the future. He noted that TBD, Square's new focus on developing non-partisan financial and distribution services, will set up exchanges.

Mike Brock, Head of Strategic Development at Square, is the new Executive Director. Brock previously tweeted, “This is the problem we're trying to solve: In order to create the entry and exit of Bitcoin investments, we can make it easier with a platform that has no savings. wallets from anywhere in the world. as a decentralized. currency exchange. "