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Introduction

Intro

NexDAX Chain is a blockchain developed by NexDAX and its community that implements a vision of a decentralized exchange (DEX) for digital assets.

At the heart of NexDAX Chain is a highly performant matching engine built on distributed consensus that aims to replicate the <1 second trading efficiency of current centralized exchanges.

NexDAX Chain transactions burns NT (the native token of the NexDAX ecosystem), according to a fee schedule.

NexDAX Chain also includes efforts to implement listing assets from other chains, and cryptographic primitives such as threshold signatures.

Functionality

NexDAX Chain has the basic features of most blockchains:

  • Sending and receiving NT and digital assets
  • Issuing new digital assets (we have a standard called BEP-2)
  • Mint/burn, freeze/unfreeze, lock/unlock of digital assets

It has DEX and trading-specific functionality:

  • Propose exchange listing for trading pairs
  • Creating maker/taker orders for traders
  • Listing assets from other chains using atomic swaps (BEP-3)

NexDAX Chain also implements new features, such as

  • Threshold Signatures (an alternative to multisig)
  • Smart Contracts sidechain (in-progress)

Participate

There are different ways to participate in the network, from light nodes to full validators.

NexDAX Chain follows a philosophy of progressive decentralization. We envision a future where organizations and individuals can run validator nodes, and NT can be staked to join governance.