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Update: AirSwap #69

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2 changes: 1 addition & 1 deletion content/glossary/_index.md
Original file line number Diff line number Diff line change
Expand Up @@ -48,7 +48,7 @@ Helpful emojis to let you know status of each section.
| 👷 | Ad Hoc | A Latin phrase used in English to mean something created when necessary, in the moment, or improvised for a specific purpose. Similar to impromptu. |
| 👷 | Address | A string of hexidecimals that designates the location on a blockchain network. Usually meant to be only used once. |
| 👷 | Airdrop | A form of distributing digital assets to the public. Usually distributed to current token holders, addresses that have interacted with a specific protocol or by being an active address on a blockchain. |
| 👷 | AirSwap | TBD |
| 👷 | AirSwap | is an exchange for ERC-20 tokens using a peer-to-peer trading model, called the Swap protocol replacing conventional blockchain order books. The Swap protocol ensures tokens swapped between parties without the possibility of a third-party accessing them. Transactions are moderated by a smart contract rather than a central authority and ledger. It's decentralized use of both on-chain and off-chain protocol allowing users to swap tokens, and the transactions are processed faster on AirSwap than any other decentralized exchange. The idea of off-chain trade negotiation is to reduce the workload on the blockchain. A maker is responsible for providing the order and a taker is responsible for filling that order. Once the negotiation between both parties are done, the smart contract will fill or cancel the trade with the order completed. These contracts and conditionals and are written in solidity to ensure privacy.|
| 👷 | Algorithm | A sequence of unambigious instructions, or set of rules, used for the purpose of solving a problem. |
| 👷 | All or None Order (AON) | An order which one place, must either be filled completly or not at all. This prevents any partial filing of orders. |
| ⚠️ | All-Time High (ATH) | The highest price a of a cryptocurrency or asset in a qoute currency, such as US Dollar, BTC, or ETH. |
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