What is n3xB?
n3xB is a layer 2 open protocol built on-top of Nostr. It is designed to create a common standard for orders
looking to exchange between Bitcoin and fiat currencies. Enabling a globally shared orderbook with deep liquidity
as the basis of a network of interoperable decentralized exchange applications.
Click here to see the architecture that n3xB is built on
Why n3xB and not...
centralized exchanges like Binance?
Bitcoin has remained a very trustless system for over a decade. Same cannot be
said for the exchanges that trade Bitcoin for fiat currencies. Trust in centralized entities are still largely
needed to exchange between Bitcoin and fiat. This trust have seen to be repeatedly broken either through negligence,
malevolence or regulatory capture. The ramps to go into and off of Bitcoin needs to be as trustless as Bitcoin
itself in order to realize the full potential of Bitcoin as a trustless replacement of the existing financial system.
Bisq, Robosat, Peach, Hodlhodl, etc?
These are all great projects trying to solve the exchange. However, they all have one or more of the following weaknesses:
- Proprietary orderbook, order formats, leading to shallow liquidity pools
- Poor user experiences, especially on mobile devices
- Many still contains centralized points of failure, including temporary custodial trust
Protocol oriented approach
n3xB is different in that it is not yet another exchange software solution, but an open protocol for a globally
shared
orderbook. This enables developers to build different exchange experiences atop of a common liquidity pool. With Nostr
as the architectural foundation, n3xB aims to enable mobile friendly user experiences without sacrificing
decentralization and trustlessness properties that is essential to Bitcoin.
Ways to get started
