Understanding DEX Fundamentals with Bancor

The Economy on Digital Currency using Bancor Protocol V1

Background of Currency and Beginning of Digital Currency

The History of Exchanges

Before the word “bitcoin” was in circulation (a word that some might have gained an anticlimactic attitude towards), barter has been a system of exchange where goods or services are directly exchanged for the other something without using a medium for exchange (e.g., money, coins, or tokens).

Barter, as a placement for money as the method of exchange, is volatile during a monetary crisis, such as when the currency may be either unstable or unavailable for commerce. Barter has been aided by exchanges that use alternative currencies based on the labor theory of value, and are designed to prevent profit taking by intermediators. Bartering is with limitations.

Some businesses that may not directly barter with customers may swap goods or services through membership-based trading exchanges. By joining a trading network (such as a bazaar, shopping malls,, and etc., often charge fees), members can trade with other members for barter dollars. Each transaction is subject to a minimal fee.

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Holiday Mixer


Special thanks to our wonderful partners: OpenSkies Airbnb French American Chamber of Commerce San Francisco La French Tech French Tech Hub The Refiners L’Agence RP France Digitale Maddyness and DocuSign for hosting us!

Pictures from the event

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