🪙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.