Serum (SRM)
Last Updated: 14/08/2022
Official Website: https://www.projectserum.com/
What Is Serum(SRM)?
Serum is a decentralized exchange (DEX) and ecosystem that revolutionizes decentralized finance (DeFi) with its unmatched speed and cheap transaction fees.The matching engine and fully on-chain central limit order book are the foundation of Serum, the only high-performance DEX. In order to share liquidity and fuel their trading capabilities for institutional and retail customers, ecosystem partners can combine with Serum's on-chain orderbook.
Due to high gas prices and sluggish transactions, users and developers are constrained by the popularity of DeFi and the expansion of DEXes on Ethereum. The conventional DeFi challenges of centralization, low capital efficiency, and liquidity segmentation are also addressed by Serum. Users of the SRM utility and governance token can get voting privileges and discounts on protocol costs; 100% of exchange fees are returned to SRM through buy-and-burn, staking rewards, and ecosystem awards.
The on-chain central limit order book and matching engine for Serum DEX offers traders and composing projects liquidity and price-time-priority matching. Because they may control the price, magnitude, and direction of their trades, users gain from this exchange mechanism. Serum's current design, bootstrapped liquidity, and matching service are advantageous to composition projects.
Serum is entirely permissionless and is built on Solana. A web-scale blockchain called Solana with block times of 400 ms and a throughput of 50,000 transactions per second. This is accomplished using the SHA 256 hash chain, a verified function to procude a fixed delay period. DeFi is expected to be able to compete with centralized systems thanks to Serum's design.
Team
A group of collaborators, including FTX, Alameda Research, and the Solana Foundation, established Serum as an open-source initiative. The Serum Foundation, which has the support of a collection of authorities in cryptocurrencies, trade, and decentralized finance, is now funding its development. The initiative draws heavily on the design and thought leadership of numerous businesses in the financial and cryptocurrency sectors.
Roadmap
Where to store Serum (SRM)
Lumi wallet was made to meet the demands of both beginner and advanced users, it combines a high level of security and complete anonymity together with a simple, yet eye-catching interface.
The Atomic Wallet is another wallet provider that supports the Serum (SRM) coin. This software wallet can be downloaded on to a desktop or mobile device and offers a wide range of features such as, enhanced anonymity, decentralisation, and security.
Trust Wallet - a multi-currency mobile wallet that enables users to simultaneously store a variety of digital assets in one place. Beginner friendly mobile wallet may be appropriate for users looking for a convenience and accessible app, with trusted security and backup options.
On the other hand, if you are looking for a secure offline method to store Serum tokens then we would recommend the leading hardware wallet provider Ledger.
Where to buy & sell Serum (SRM)
You can Buy & Sell Serum (SRM) by heading over to the Buy Coins page of our website. Serum (SRM) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying $SRM has never been easier, simply place your order and provide your wallet address. Once your payment arrives, Serum (SRM) will be sent directly to your wallet.
If you choose to Sell Serum (SRM) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on our Sell Coins page.
Serum (SRM) Resources:
Website: https://www.projectserum.com/
Block Explorer: https://explorer.solana.com/
Twitter: https://twitter.com/projectserum
Medium: https://projectserum.medium.com/
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.