The official release of the code for the five features that would benefit parachains on the Polkadot network, open sourced and available on the OAX Github page.
All feedback and insight are welcome, for more instructions on how to run the blockchain from scratch, do visit our Github page - links below.
DeFi, built on the fundamental qualities of blockchain, has been demonstrating the potential of more practical use cases, with applications distributing rewards to stakeholders while remaining decentralized.
Polkadot Network has a strong vision for scalability and interoperability needed to ensure the mass adoption of digital assets. Find out why we chose to work within the Polkadot ecosystem and the features that would benefit the network in the links below.
When we first set out to decide which features we should be coding for, the team evaluated what was currently existing within the network, and what we felt would actually address the needs of the community that would actually be using the network in the future.
PRC20 feature was necessary to be done on a foundational level so the work could begin, while the Burn feature existed for token economic management. While less exciting, these were necessary from an operational standpoint. Find out more about our other features, Atomic Swap, Fee Delegation, and MultiTransfer in our features breakdown below!
The code for our Layer 2 Exchange (L2X) protocol is officially released, marking the completion of a major milestone for the project.
Currently, digital asset trading either takes place on centralized exchanges, which have persistently proved vulnerable to hacking, or in decentralized environments, which have speed and governance issues. OAX Foundation, working with its development partner, Enuma Technologies, has built a trustless exchange platform that combines the best elements of each system.
The second paper in the series considers the pathway issues for the development of a regulated secondary market in digital assets. It explores the conditions necessary to develop a regulatory framework that would not restrict the potential offered by cryptographic consensus technology.
Professor Syren Johnstone’s last paper in this series explores three key areas. The need to reconsider the standard narrative around applying financial regulation to crypto-assets; weighing what might promote or inhibit the development of a digital ecosystem; and lastly, what type of regulator is best suited to enable innovation in this space.