foreword

The Bancor protocol is a decentralized currency solution proposed by Keynes decades ago. The Bancor protocol is a protocol rather than a public chain. In theory, any public chain that supports smart contract functions can implement this algorithm through smart contracts and issue corresponding tokens.

Tokens using the Bancor protocol can directly obtain the function of cross-currency transactions, which is a feasible solution for realizing decentralized exchanges. The Bancor protocol is equivalent to a market maker in the world of encrypted digital assets. It maintains the liquidity of the entire market through the market-making system and reserves, so that the trading needs of ordinary investors can be quickly met without the need for counterparties.