Cryptocurrency Q&A
What is Nest protocol?
What is Nest protocol?
PulseEclipse
Mon Nov 04 2024
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6 answers
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Nest Protocol is a decentralized price oracle network developed on the Ethereum blockchain. It defines and implements a new solution for generating on-chain prices, utilizing a unique quote mining mechanism to ensure the synchronization of off-chain price data on-chain. also introduces a value transfer mechanism, enabling the sharing of various values and resources within the ecosystem.
6 answers
Martino
Wed Nov 06 2024
NEST Protocol represents a novel approach to decentralized trading.
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Ilaria
Wed Nov 06 2024
It aims to revolutionize the market by eliminating the need for market makers and liquidity providers.
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lucas_taylor_teacher
Wed Nov 06 2024
The protocol is composed of three CORE modules, each playing a crucial role in its functionality.
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Martino
Wed Nov 06 2024
One of these modules is NEST Oracle, which serves as a decentralized source of on-chain prices.
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SakuraPetal
Tue Nov 05 2024
This feature allows for greater transparency and trust in the trading process.
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