Whitepapers Serum SRM White Paper Explained Summary

Serum SRM White Paper Explained Summary

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Serum SRM White Paper

Summary:

Serum (SRM) is a decentralized exchange with trustless cross-chain trading, all at the speed and price that customers want.
Serum is made of seven main ingredients: SRM, Cross-Chain Swaps, Orderbook, Full Ethereum and Solana integration, Physically settled cross-chain contracts, SerumBTC, and SerumUSD.
The Serum token (SRM) is the utility token of the Serum ecosystem and will be fully integrated into Serum.
Cross-chain swaps will allow users to trustlessly exchange assets between chains.
The orderbook will give traders full control over their orders.
SerumBTC is a model for creating an ERC20 or Solana tokenization of BTC.
SerumUSD is a model for creating a decentralized stablecoin.

Explained – Serum SRM White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Serum SRM white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Serum (SRM).

Lets understand Serum (SRM) after going through the Serum SRM white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

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Serum SRM White Paper

Serum SRM white paper will be going to provide you, all the information that is needed to get started with Serum (SRM), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Serum (SRM).

Introduction

Project Serum will unveil a fully functional decentralized exchange with trustless cross-chain trading, all at the speed and price that customers want. And despite living natively on Solana, it will be interoperable with Ethereum. Serum is made of seven main ingredients:

SRM: the Serum token is the utility token of the Serum ecosystem

– SRM will be fully integrated into Serum, and also benefit from a buy/burn of fees

Cross-Chain Swaps: trustlessly exchange assets between chains

– This is in contrast to most current protocols that rely on trusted parties to administer the swap

Orderbook: a decentralized automated full limit orderbook

– This will give traders full control over their orders, unlike automated market making.

– Orderbook and matching is fully automated on-chain and orders are from Serum end users

Full Ethereum and Solana integration

– This will make Serum fast and efficient–all while being interoperable with the Ethereum ecosystem and ERC20 tokens

Physically settled cross-chain contracts

– These will allow easy margin positions in DeFi on synthetic assets

SerumBTC: a model for creating an ERC20 or Solana tokenization of BTC

– This would be a fully trustless BTC token

SerumUSD: a model for creating a decentralized stablecoin

– This would be a decentralized stablecoin that does not have a single point of failure”

White Paper Link: Serum (SRM) White Paper

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