In June 2020, Bryce Bladon led part of the Dapper Labs development team to officially start to make the preparations for CokeSwap. In July of the same year, Singapore XLAB Foundation paid attention to the trend of Ryan R · Fox and began to make a contact with Ryan R · Fox.
In July 2020, Ryan R.Fox and Singapore XLAB Foundation reached a consensus, signed a contract for strategic cooperation and joined hands to advance the promotion and development of CokeSwap. CokeSwap adopted the mechanism of the co-governance of DAO, which was initiated by Ryan R·FOX. Developers across the world participated in it and make democratic decisions.
As to the direction of development, Cokeswap is committed to improving transaction security and scalability to support high-frequency decentralized transactions. It has added cross chain, NFT and other technical requirements on the original basis. The future ecological scenario application of CokeSwap is expanded on the basis of improving its performance.
Meanwhile, CokeSwap has won pupularity among capitals including Paradigm, Robot Ventures, Nascent, Ethereal, Figment, GoldenTree Asset Management, Hack VC and HashKey Capital, etc.
In the process of digitization, the upsurge of decentralization has accelerated the process in which digital economy has been transformed from scientific and technological concept to practical project to a certain extent.
Thanks to the characteristics of the blockchain system itself, CokeSwap decentralized exchange boasts of high availability. There will be available online nodes to provide services to ensure the match of transaction and the non-interruption of asset settlement at any time. In extreme cases, users can also choose to run a blockchain node to complete interrupted transactions and safely transfer assets to their wallets.
This completely decentralized technical solution requires high-performance bottom public blockchain and smart contract of low execution cost. Due to the restrictions of its underlying technology, most decentralized exchanges only deploy the low-frequency asset management module to the blockchain, and put the high-frequency order match module under the blockchain, which will sacrifice the decentralization of match logic of the orders to ensure the security of assets. With the high-performance underlying public blockchain coke, CokeSwap will complete all the order match and asset management modules on the blockchain, realizing a high degree of decentralization.
As digitalization enjoys an increasingly fast development, DEX, as a bridge for digital asset , has just begun its evolution. We are in the firm belief that CokeSwap will achieve its own brilliance in the field of research and development of decentralized technology. let's look forward to that vision!