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Using Cryptocurrency

Cryptocurrency (or “crypto”) is a class of digital assets created using cryptographic techniques that enable people to buy, sell or trade them securely.
Unlike traditional fiat currencies controlled by national governments, cryptocurrencies can circulate without a monetary authority such as a central bank.
What is Solana?
Solana is a blockchain platform designed to host decentralized, scalable applications. Founded in 2017, it is an open-source project currently run by Solana Foundation based in Geneva, while the blockchain was built by San Francisco-based Solana Labs.
What is The Monaco Protocol?
The Monaco Protocol is the open source infrastructure for prediction markets. It is a decentralized liquidity network for exchange-based applications built on the Solana blockchain. It serves as crucial infrastructure upon which third-party front-end applications for wagering on binary outcome events can be built while accessing a shared liquidity pool.
  • The Monaco Protocol streamlines the wagering process.
  • It helps provide greater liquidity for participants, reduce spreads, and offer lower prices.
  • It lowers the take rates of institutions and middlemen.
  • It reduces settlement times, increases transparency, and improves capital efficiency.