Note: this article is now at least two years old and may contain serious errors.

Coinbend: A Peer-to-Peer Cryptocurrency Exchange

When I first created my decentralized exchange I wrote a whitepaper that introduced several new concepts.

  • Green addresses (a way to do blockchain key management with high security -- uses the same technique.)
  • Crypto-asset trading with minimal trust and only standard transactions (using micro-payment channels)
  • Time-locked refunds without nLockTime (using
  • Peer-to-peer networking (using
  • A (broken) decentralized order book

You can read the original paper here: