Web5 Integrations

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. Bitcoin transactions are secured by mathematics and energy. Cryptographic signatures prevent other people from spending your money. Energy spent by proof of work (PoW) prevents other people from undoing, rearranging or losing your transactions. So long as you take the required steps to protect your wallet, Bitcoin can give you control over your money and a strong level of protection against many types of fraud.

Connecting the world of legacy money to the world of digital money. The web connected us all. But money and payments have not kept pace. The legacy payments system is held together with proverbial duct tape that masks fundamental problems: final settlement of payments is slow, expensive, and never quite final. Risks get priced in as expensive account fees – or exclusion from the system itself. This hits the most economically disadvantaged the hardest. A decentralized and trustless system like Bitcoin shifts the paradigm to financial access. There are no credit checks or monthly account fees. Open, decentralized, and permissionless networks let you send money anywhere in the world, near instantly. So now we have both legacy payment systems and new payment systems. But how do we get from the old to the new? tbDEX bridges the worlds of legacy money and digital money. tbDEX is a decentralized, permissionless protocol.