What Does ex protocol Mean?
The term \”ex protocol\” refers to a new way of conducting transactions by issuing
The term “ex protocol” refers to a new way of conducting transactions by issuing an asset (such as real estate or stocks), as seen in the English term “ExProtocol”.
For example, in the context of Ethereum blockchain, real estate transactions are conducted using ERC20 tokens, which are digital assets supported by other cryptocurrencies. Therefore, they serve as alternatives to the real world as they do not solely rely on traditional financial systems for value and liquidity.
In the Chinese context, it is referred to as “EX” or “EXO” (exchangeofefficiency). Exchanges can connect users’ wallets to any platform, allowing them to purchase products and services outside of the exchange for various purposes such as art exchanges and gaming items. However, currently, there is no wallet directly using the exchange; instead, it relies on a centralized network provider that operates a decentralized exchange known as ExPROTOCol.
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