05 Oct 2017
Airswap is a Consensys backed project which seeks to create a protocol in which ERC20 tokens can be traded P2P without the inefficiencies and cost associated with blockchain order books.
The project is based on developing the following segments:
1) Peer Protocol: a quick and efficient way ‘makers’ and ‘takers’ can interact in the negotiation of providing quotes and orders
2) Indexer Protocol: an off-chain service that aggregates and matches peers based on their intent to trade
3) Oracle Protocol: an off-chain service which provides pricing information to those seeking to transact
4) Smart Contract: An ethereum smart contract that fills and cancels the orders
Essentially, Airswap seeks to create an agile, efficient and low cost exchange for the Ethereum ecosystem.