The Gridex protocol, the first ever chain ledger on Ethereum, is sponsoring Europe’s premier Blockchain event
LONDON, 18 February 2023 /PRNewswire/ — Gridex Protocol, a ground-breaking trading protocol on Ethereum mainnet and layer 2s which have a complete order book in the chain, was a proud sponsor of the European Blockchain Convention in Barcelonawhich took place between 15.–17. February 2023. As a diamond sponsor, Gridex Protocol made its European debut by participating in the event, which gathered over 3,000 participants and more than 200 speakers. The event is the most influential blockchain and crypto event i Europe and features Web3 creators, builders, founders, CEOs and investors, discussing a variety of topics including blockchain, cryptoNFTs, DeFi, metaverse and Web3.
On the second day of the event, Ali Al-Alico-founder and technical director of Gridex, spoke to an audience of crypto industry leaders and enthusiasts on how a chain-wide order book protocol is the key catalyst for mass adoption of DeFi.
With today’s mainstream DEXs primarily based on Automated Market Maker (AMM) models, Gridex instead adapts order books – a model typically used in centralized exchanges (CEXs) – to be viable on-chain.
“Although the AMM model provides convenience, adapting to an on-chain environment is more of a compromise, and there are issues such as permanent loss on volatile pairs, high slippage, and limited trading functionality. On the other hand, order books have much more trading functionality, but requires a lot of calculation,” Ali said.
“However, Gridex has achieved a historic breakthrough by reducing resource consumption to as low as an AMM (and in some cases even lower). This has been made possible through our revolutionary Grid Maker Order Book Model, the first order in the entire chain. book on Ethereum which determines the most suitable trade immediately. In addition to this, producer orders allow traders to place orders of any size and price, with no fear of slippage and no lasting loss to worry about. With these features, we truly believe that the Gridex protocol is the pioneer of the future of trading, and we invite you all to try it out.”
About Gridex
The Gridex protocol is a permissionless and non-custodial order book trading protocol consisting of persistent, non-upgradable smart contracts on Ethereum. The next step is the development of Gridex Proof of Stake (PoS), which will enable it to become a cross-chain layer 0 order book protocol supporting all mainstream layer 1s and generalized layer 2s, including EthereumArbitrum, Optimism, Polygon… and Bitcoin. Gridex is dedicated to providing an excellent user experience, driving decentralization and transparency throughout the DeFi market.
In conclusion, the European Blockchain Convention has provided a great platform for Gridex to share new ideas and connect with like-minded people. The Gridex protocol will be officially launched in March 2023with Gridex PoS set to launch in Q1 2024.
For more information about Gridex, please visit the links below:
Visit our website:
https://www.gdx.org/
Read our Whitepaper
https://www.gdx.org/gridex-whitepaper.pdf
Join our discord
https://discord.gg/ta5dYcBaFz
Follow us on Twitter
https://twitter.com/gridexprotocol
SOURCE Gridex protocol
