The Beacon exchange is a peer-to-peer protocol for quotation and exchange of cryptocurrency assets. The Beacon network is:

  1. Decentralized - No centralized authority executes or arbitrates trades executed between users.
  2. Fee-free! - No fees are imposed for use of the network or exchange protocol (besides gas costs required to settle on the parent blockchain).
  3. Permissionless - You don't need to ask permission to join or use the network. In addition, no particular entity manages listings - any tokens that are deposited can be traded.
  4. Robust - Because users of Beacon protocol negotiate directly rather than going through a matching engine, Beacon is robust against system failures and flash crashes.
  5. Fast - Quotes and cancels propagate to peers as quickly as the underlying network topology will support.
  6. Impartial - The Beacon protocol protects both parties through every stage of settlement and incentivizes cooperation. Neither liquidity providers nor liquidity takers are favored in any stage of quoting or settlement.
  7. Open-Source - Smart contract software released under GNU Lesser General Public License v3.0. Reference client software released under BSD 3-Clause "New" or "Revised" License.
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Beacon is a community sponsored project. We do not currently have plans to raise any dilutive funding, and we plan to open source the software. All of our work is funded through donations! The more donations we receive, the faster we can ship great software.

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Date Noteworthy Activity
2018-11-19 The first stable version of the white paper (v1.0) was released!
2018-10-26 The initial draft of the white paper (v0.1) was released!
2018-03-22 The website was born!

White paper is made available worldwide under the Creative Commons Attribution-NoDerivatives 4.0 International License .

Donations will be reported as income and we do not represent a non-profit organization as defined under 26 U.S.C.