Open Custody Protocol
OPEN

$0.03111600

13.82%
  • Market Cap
    $21,831,884.17
  • 24 Hour Trading Vol
    $1,891,704.949
  • Fully Diluted Valuation
    $50,563,499.914
  • Circulating Supply
    703,364,450
  • Total Supply
    1,625,000,000
  • Max Supply
    1,625,000,000
Open Custody Protocol
Qredo is the first decentralised trustless MPC custodial network.
Socials
Category
DeFi
Open Custody Protocol Converter
OPEN
1 OPEN = $0.03111600
OPEN Statistics
  • Open Custody Protocol Price
    $0.03111600
  • Trading Volume
    $1,891,704.949
  • Market Cap
    $21,831,884.17
Open Custody Protocol Price Chart (OPEN)

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24h
7d
30d
3M
1Y
YTD
+13.82%
+3.36%
-4.80%
-3.32%
-71.93%
-49.05%
About Open Custody Protocol

The Qredo protocol is a Layer 2 decentralized custodian protocol with compliance and governance controls built-in to its consensus mechanism. On top of the Layer 2 exists a Layer 3 decentralized communications plane that enables conversations to be replicated across all peers instantaneously, yet provides built-in end-to-end encryption for privacy and security. Conversations can be machine to machine, machine to humans, or human to human.

Qredo’s philosophy is Layer 2 protocols reach their full potential if they utilize decentralized communication protocols, a Layer 3, as an independent layer to offload any extraneous communication. This is essential for any Layer 2 hoping to deliver performant solutions to traditional finance actors who want to engage with or develop their DeFi protocols.

The Qredo protocol makes use of multi-party computation to generate segregated deposit addresses and eliminate the risk of private key theft. MPC nodes sign transactions via a consensus-driven workflow which is secured without the need for centralized private key storage. The protocol’s design, from the consensus layer through to the digital asset and economic security design, is meant to deliver on the premise that the entire network is the vault, and eliminate all counterparty risks for liquidity providers, market makers, and traders alike. All deposits and holdings are mapped 1-to-1 to the underlying Layer 1 blockchain and visible through the Qredo block explorer. 

Open Custody Protocol Markets
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