We are excited to announce and introduce Taurus; an innovative and unique blockchain project born here in Southern California!
Taurus0X protocol is a distributed, permissionless, and scalable, off-chain / on-chain protocol powering asset-agnostic derivative contracts from end to end.
The protocol intends to standardize derivative trading and provide a distributed blockchain backend for persisting and executing contracts. Contracts are generated and signed securely offline, and may be transmitted over any network. The protocol leverages multisig contract technology and Elliptic Curve Cryptography in the form of ECDSA to generate and verify digital signatures. The protocol business logic is maintained in a system of smart contracts on the Ethereum blockchain. The protocol operates in two modes: peer-to-peer and moderated, allowing exchanges and/or independent dApp developers to utilize its functionality. Finally, the protocol is an open source project intended to be governed by a proof-of-stake Decentralized Autonomous Organization or DAO. Decentralized governance facilitates continuous integration and development with consensus of the governing the community.
We will be hosting the Taurus team soon here in San Diego, so stay tuned.
For more information, check out the Taurus white paper at: https://www.taurus.io/pdf/whitepaper.pdf