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Kira is a hyperscale decentralized exchange that enables trustless cross-chain token transfers and trading. Thanks to dual consensus mechanisms of Multi-Bonded Proof of Stake (MBPoS) that provides security and Multi-Bonded Proof of Authority (MBPoA) that delivers speed, users can trade in trustless manner whilst maintaining a user experience that matches or exceeds that of centralized exchanges.
Connections to Internet of Blockchain (IoB) networks such as Cosmos, Polkadot and bridges to foreign public and private ledgers enable Kira users access to a variety of markets previously unreachable in a decentralized manner. Behind the scenes, the Tendermint consensus engine provides fast finality of trades, enabling liquidity providers to reduce risk, tighten spreads and deepen order books.
Stakeholders and operators manage, govern and benefit from all aspects of exchange operations in a fully decentralized fashion, without any privileged participants deriving excessive power or tribute. Efficient operations and ongoing open-source development is incentivised via a novel economic model consisting of multiple self-sustaining positive feedback loops. Kira aims to offer the emerging Proof of Stake (PoS) ecosystem a number of fundamental advances in decentralisation that, taken together, will help ensure the future security of all interconnected PoS by delivering uncensorable and unstoppable market access.
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