I just published ONEROOT project weekly # 111

Decentralized Finance (Decentralized Finance, DeFi) is a fast-developing and increasingly important part of the blockchain. DeFi provides users with financial autonomy while charging them only a very low service fee, effectively reducing users’ expenditure.
Technology development progress this week:
1) Docking the decentralized price-feeding oracle machine Chainlink to provide the best security and decentralized chain price reference data, eliminating the manipulation of transaction prices, and accurately updating transaction pairs at the beginning of each block Market price. Such preventive measures will allow malicious attackers to predict the increase in the cost of feeding information.
2) Order book optimization, transactions are carried out on the chain, but the order book is kept off-chain. It is necessary to create one or more smart contracts on the chain. Therefore, when adding a trading pair on the ONEROOT platform, a smart contract will be created first. Each role in the smart contract has different access rights for end users to verify and execute the contract. With the smart contract in the exchange, transaction requests will be automatically directed to the fund pool and get the best exchange rate.
- About ONEROOT -
As a blockchain technology solution provider, ONEROOT has developed a range of solutions, including R1 protocol, DDEX, DCEX, public chain and user terminals, meanwhile, has provided a developer-friendly toolkit, greatly lowering the threshold of product deployment and secondary development. Upholding the spirit of open source and sharing, ONEROOT promotes infrastructure construction with product development, breaking the barriers of technology and capital. By empowering community to promote industry development, ONEROOT allows more people to enjoy the convenience of blockchain.
- Partners-Bithumb
As a digital currency exchange with the most users in South Korea, Bithumb is one of the largest one around the world. In October 2018, Bithumb partnered with ONEROOT and launched a distributed decentralized exchange — Bithumb DEX, the world’s first decentralized exchange serving millions of users worldwide.
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