Jack Dorsey's decentralized Bitcoin exchange published whitepaper

Nov 2021

It's no decentralized exchange in the most accurate sense of the word, but a peer-to-peer token swap platform under the oversight of Square.​

Jack Dorsey, co-founder, and CEO of both Square and Twitter published a white paper Friday detailing plans for Square's decentralized Bitcoin(BTC) exchange tbDEX. Unlike most decentralized exchanges or tbDEX, DEXs will not utilize an untrustworthy model and hence will not feature their own governance token. instead, it is a message protocol designed to facilitate trust relationships without depending on a federation to control access.

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