What is Kyber Network? – Zebpay Blog

What is Kyber Network?

By — Nirmal Ranga

Kyber Network is a decentralized protocol that allows instant conversion and exchange of digital assets in a trustless manner based on Ethereum blockchain. Kyber network fills the gap by serving as an alternative to centralized cryptocurrency exchanges which are prone to security-hacks.

Thus, Kyber Network is introduced with the purpose of forming a protocol that will enable exchange of digital assets in a decentralized and trustless manner.

User will be able to exchange any digital asset allowing automatic conversions of any virtual asset instantaneously.

Summary : Kyber Network is a decentralized trustless exchange live on Ethereum blockchain that uses smart contracts for trading cryptocurrencies and maintains a system of reserves in order to guarantee instant trades with high liquidity.

You can read the complete article here.

About Author — Technical/Derivatives Analyst & Crypto-Currency Expert with a decade of Professional Experience having expertise in Equities, Commodities, FOREX & Crypto-Currency Markets. Connect with him onLinkedIn and follow him on Twitter.

See original article here
Author: Zebpay Bitcoin And Cryptocurrency Exchange”