The ONX Protocol creates a decentralized settlement network of cryptocurrency exchanges based upon and using Nano Currency technology. It aims to establish a network of asset-backed NanoCurrencies like NanoDollars, NanoEuros, NanoBitcoin or NanoEthereum pegged to real-world or digital assets. This enables a distributed, decentralized, fee-free, near-instantaneous cross-border transaction system of exchange. ONX leverages the status given to any Principle Representative (PR) node within the Nano network to operate global consensus and standards, offering a profitable exchange business model for any entity running a PR.
By offering an open and transparent system of exchanges, the protocol hopes to enhance security, decentralization, and promote wider adoption of Nano technology through more familiar fiat-pegged currencies or already widely adopted digital assets.
Accepting Proposals
There are a number of stages that the project will go through before becoming a reality. This is an open project and anyone is encouraged to contribute via pull request. Please read the /challenges section of the repository.
The project is at proposal stage, if you would like to propose a change to the project please provide:
- A title for you proposal with the format 'ONX Proposal: Title of your proposal'
- A summary of your proposal in no more than 200 words
- The proposal in markdown format with a .md extension named in the same fashion as the title of your proposal.
- The proposal should ideally be no longer than 500-800 words. For longer proposals please submit a PDF with a version number.
- Proposals should be saved in the /proposals folder
- Make a pull request with your proposal, if accepted your proposal will go into a branch for review.