Eyal unveils the Bancor Protocol at the Ethereum Developer Conference in Paris. Bancor introduces a revolutionary new mechanism to issue tokens, in which one currency can hold one or more other currencies in its reserve. The implications are profound. Much like the Dollar was backed by Gold, new digital currencies can now be backed by Ether, Bitcoin, or any other currency, meaning intrinsically tradable tokens. The White Paper and the Smart Contract are accessible at www.bancor.network.
Tuesday, 29 August 2017
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