Distributed exchange protocol

A partition resistant, scalable P2P exchange protocol. Facilitates parity path of any tokenized information into any other among n-parties without a central state global replication. Enables the creation of a "space of exchange” for different social meanings, properties and intentions to become expressible and exchangeable, i.e., allows them to enter the accounting system and thus become socially recognized and valued. Distributed exchange works like a TCP/IP for economy: it allows a particular network of agents to speak to each other using making and taking offers as the mediating expression. Tokens (entries in a ledger) are the types which offers require to accept and execute an exchange. What is exchanged are always two entries in different ledgers, creating a distributed ledger system: all entries are always recorded as assets and liabilities, so that one agent’s asset is always another agent’s liability. Together they create thus a distributed data structure: a distributed ledger. Network exchanges are how the state of the data transitions to the next, the distributed ledger is what preserves the state of a network. A key piece in the economic space protocol. A.k.a. a very very advanced wax seal. See Distributed ledger.

Last updated