Introduction
Let's go to continue this blog with another project. First of all, for who missed previous entries, what's a crypto money? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launches campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win crypto coins even if the market is as it is. In this way, you never lose money.
However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
Although this model has worked and has failed many times, the project that I am going to present to you now sees an opportunity in decentralization for the negotiation of peer-to-peer derivatives through a network of block chains. Reducing dependence on an intermediary naturally reduces the associated risks. Entering in more detail, today I am going talk you about Taurus0x, a distributed, open-standard protocol for decentralized derivative trading.
Video Presentation
As I said before, Taurus0x (TAUR) (https://www.taurus0x.com) is a distributed off-chain/on-chain protocol powering smart derivatives from end to end, for any asset over any network that standardizes derivative trading of any digital asset, not limited to cryptocurrencies. It allows any entity to issue insured contracts for asymmetric cryptography that persist downstream of the issuer in the Ethereum blockchain. In addition, using blockchain-based technology, it provides a single source of truth for the current state at any given time.
How it works
Regarding how Taurus0x Platform works, the Taurus0x protocol facilitates the management of multi-sig contracts outside the chain and inside the chain. The protocol can work in two modes: peer-to-peer and exchange.
| Peer-to-peer mode | Exchange mode |
|---|---|
| 1. The creator generates a contract outside the chain and signs the contract with a private key. The participants in the contract do not trust an intermediary during the whole life cycle of the contract. 2. The contracts signed can be transmitted to a Policyholder through any network (text, email, social media, etc.). Once received, the Policyholder signs the contract with his private key. 3. With both signatures available in the contract, it can be published in the Ethereum blockchain by either party. 4. Both parties can execute the contract before its expiration date. | The contract participants communicate through a moderator to complete the transaction. The moderator can be any accommodation relayer of order books, most likely an exchange. br> Steps: 1. Maker generates contract outside the chain and signs a contract with a private key through the stock exchange. 2. The policyholder decodes, verifies and signs the same contract through the stock exchange. 3. With both signatures available, the exchange publishes the contract in the blockchain. 4. Both parties can execute the contract through the stock exchange, before the expiration date. |
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Features and benefits
Once that all explained, we can conclude that Taurus0x is a secure, decentralized, simple and transparent platform, which is building a solution that embraces a wide spectrum of levels of knowledge and expertise with a simplicity and ease of use. Finally, I put a sum up table to take an image of what Taurus0x can do and what things it can bring to the industry.
| Feature | Benefits |
|---|---|
 Exchanges | Taurus0x is not an exchange in itself. It is rather a market-creating protocol with native support for centralized and decentralized exchanges. The basic tools for developers facilitate the retransmitters of orders the connection and reproduction of a standardized module of derivative operations. |
 Traders | Taurus0x is ultimately a peer-to-peer protocol built for operators. The versatility of the protocol allows operators to participate in speculative markets without problems. The open standard Taurus0x will pave the way for a unified experience and a lighter knowledge base for merchants. |
 Developers | Taurus0x is open source, therefore the developers of our community will be the executive branch of the Taurus0x Trust foundation. D-App developers can build open source or proprietary Fintech applications that comply with foundation guidelines. |
 Distributed | Taurus0x is distributed 100% without a central point of presence. The protocol allows the decentralized trading of peer-to-peer derivatives. Taurus0x runs out of the chain using state-of-the-art cryptographic functions and establishes contracts in the Ethereum blockchain with zero downtime and integrated trust management. |
 Plug and play | Taurus0x is not an exchange protocol, but rather a base layer protocol that powers derivatives markets for any type of exchange, not limited to cryptocurrency. Centralized and decentralized exchanges can connect and reproduce Taurus0x in an existing ecosystem and have automatic support for trading derivatives without writing a line of code. |
 Open Source | Taurus0x is an open source project made available to the community of the blockchain. The project consists of Solidity smart contracts and a JavaScript software development kit for the adoption of bootstrap developers. The evolution of the protocol is governed by a Decentralized Autonomous Body or DAO. |
Roadmap
| Date | Events |
|---|---|
| Q3 2017 | Business analysis. Technical feasibility. Team formation. |
| Q4 2017 | Business entity setup. Product development. Token design. |
| Q1 2018 | Product development. Strategic Partnerships. |
| Q2 2018 | Product development. Security Compliance. Marketing logistics. |
| Q3 2018 | Beta release main net. ICO launch. TaurusAPI Service release. Exchange Partnerships. |
| Q4 2018 | Taurus v1 release. 3rd party integrations. Decentralized governance R&D. Mobile apps development. |
| Q1 2019 | iOS and Android apps release. Cross-chain R&D. |
| Q2 2019 | Taurus v2 release. DAO development. Cross-chain development. |
| Q3 2019 | DAO rollout. |
Airdrop
The project gives the opportunity to earn Taurus0x (TAUR) performing some social media tasks and doing simple steps from the bounty program explained into BountyHive Platform. Here (https://bountyhive.io/join/Taurus0x) you can access the link in order to see what are the conditions to become an early TAUR contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper in their own page here(https://www.taurus0x.com/pdf/whitepaper.pdf). You can also stay tuned in their official Telegram group (https://t.me/Taurus0x). I hope you liked the post and soon I'll send you new ones.
Extra details
Token: TAUR
Platform: ETH
Type: ERC-20
ICO price: 1 ETH = 10000 TAUR
Tokens for sale: 225,000,000
Platform: ETH
Type: ERC-20
ICO price: 1 ETH = 10000 TAUR
Tokens for sale: 225,000,000
Author Details
Email: adria.parcerisas.albes@gmail.com
Telegram username: @clauming
BountyHive username: atlethic
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71
The project sound good!
ResponElimina