Nash protocol was recently published on Nash’s public gitlab repository. I was wondering if someone from Nash team could shed some light on the vision behind this.
Here’s my understanding:
To put it in layman’s terms, the best comparison would be to the Facebook connect button, which allows you to mindlessly create an account on the third party site you’re on by using your Facebook account.
Except Nash protocol could be far more powerful, since once the account has been created from a third party service, it would allow it to do a lot:
This config contains all necessary values to interact with the Nash Matching Engine, including the ability to sign payloads needed for operations such as order placement, viewing private account information, asset transfers, and staking.
And you’ve guessed it, if dozens of third party services implement Nash protocol, they all contribute to Nash Matching Engine’s volume, which in turn yields dividends.
At this point, my questions are:
- What would be the incentive for third parties to implement Nash protocol?
- Is Nash Protocol part of Nash Pay’s foundations?
- Could it fuel third party exchanges, not unlike what Binance cloud intends to achieve?