Kyber Network is an Ethereum-based protocol that allows the instant exchange and conversion of digital assets and crypto currencies with high liquidity. Kyber is similar to the 0x project but performs all of its actions on the blockchain. It is used as a means to transfer tokens of different cryptocurrencies from one person to another, without having to go through a third party exchange site. Kyber offers users a fixed rate for exchanging a token and allow them to accept or decline it. All the transactions within the Kyber network are done through the utilization of smart contracts between parties.
This data was last updated 2021-05-13 21:23:42 UTC