Nash’s origins lie in the open-source community. We believe that open-source software, when correctly handled, encourages transparency and ecosystem growth, both of which are crucial for the success of decentralized finance. As part of our strategy, we recently published two libraries on our public GitLab page.
First is our nash-protocol. Anyone is now able to inspect the protocols that underlie our account and funds management system, as well as examine the cryptography primitives and logic used for placing orders on the exchange. This allows us to be fully transparent about how we generate user wallets from a seed phrase, which data we store and how users authenticate when accessing our system.
Moreover, anyone can now examine the protocol used for signing trades and interacting with the Nash matching engine and trading contracts.
Our source code makes clear that Nash is a non-custodial system. We do not store any data that could be used to access user wallets. Likewise, users must sign all interactions with the matching engine – and Nash has no means of issuing trades on their behalf. Anyone with security concerns is able to verify that all these protocols are implemented correctly and that no secret data can leak.
Besides transparency, our open-source ethos also promotes innovation. That is why our TypeScript client is now also open source. As a result, anyone is able to create a client for Nash, with our own website and mobile app in effect being just reference implementations.
While these tools are not a white label solution, other companies will now be able to build on top of Nash while preserving the system’s non-custodial properties. For example, existing brokers can integrate with Nash to offer digital asset products with no security concerns regarding custody, since all these interactions can be performed via our open-source libraries and Nash’s innovative decentralized API keys. Nash will not charge any fees for using these. Rather, any fees we collect will be the usual trading fees from our matching engine. We hope this possibility will help both Nash and the digital finance ecosystem as a whole grow.
You can stay up to date with Nash by following our Twitter and Instagram. We also encourage all Nash Exchange token (NEX) holders to join our community platform, where they can talk directly with the team and receive reliable answers to questions.