There are many new projects being built on the Ethereum protocol, and one of the more interesting is the Kyber Network. This project is attempting to totally decentralize cryptocurrency exchange by keeping it entirely on the blockchain. This will also make for a trustless exchange, and on the Kyber Network users will be able to exchange any cryptocurrency at all instantaneously. At least that’s the goal of the development team behind this project. It’s not certain if they can live up to their proposals, so let’s look deeper to see what progress has already been made and what’s coming in the near future. We’ll also get some idea of how the Kyber Network might differ from other decentralized exchange projects such as Bancor and the 0x Project.
Continue reading A Beginner’s Guide to the Kyber Network: Complete Review