Thursday, 8 September 2016

#ALTCOINS THE #ALPS INTEREST #AUTOMATED WEALTH

And so, as I dig a little deeper into SMART coins ... of which Nubits is one, I read ...

"Automated liquidity pool (ALP)

Automated pools (also known as “trustless-liquidity pools”) are a Nu community innovation pioneered by Creon of the NuBits forum.

The first implementation of an automated pool was announced on March 5th 2015. The design of the automated pool is intended to significantly reduce the counter-party risk involved to pool contributors by keeping funds in their control. This first implementation uses a client/server architecture. A pool operator runs the server software that clients can connect to. The job of the server is to verify that users have orders placed on NuBits supported exchanges that help support the NuBits peg. The client software automatically places these orders and reports them back to the server. Clients compete with each other to provide liquidity, and earn interest paid out by the server for the support they provide. Anyone can join or leave an automated pool at their own discretion.

Sources

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