Nash is open-sourcing our client protocol and SDK -
April 29, 2020

Nash is open-sourcing our client protocol and SDK

Nash is open-sourcing

Nash’s origins lie in the open-source community. We believe that open-source software, when correctly handled, encourages transparency and ecosystem growth, both of which are crucial for the success of decentralized finance. As part of our strategy, we recently published two libraries on our public GitHub page.

First is our nash-protocol. Anyone is now able to inspect the protocols that underlie our account and funds management system, as well as examine the cryptography primitives and logic used for placing orders on the exchange. This allows us to be fully transparent about how we generate user wallets from a seed phrase, which data we store and how users authenticate when accessing our system.

Moreover, anyone can now examine the protocol used for signing trades and interacting with the Nash matching engine and trading contracts.

Our source code makes clear that Nash is a non-custodial system. We do not store any data that could be used to access user wallets. Likewise, users must sign all interactions with the matching engine – and Nash has no means of issuing trades on their behalf. Anyone with security concerns is able to verify that all these protocols are implemented correctly and that no secret data can leak.

Besides transparency, our open-source ethos also promotes innovation. That is why our TypeScript client is now also open source. As a result, anyone is able to create a client for Nash, with our own website and mobile app in effect being just reference implementations.

While these tools are not a white label solution, other companies will now be able to build on top of Nash while preserving the system’s non-custodial properties. For example, existing brokers can integrate with Nash to offer digital asset products with no security concerns regarding custody, since all these interactions can be performed via our open-source libraries and Nash’s innovative decentralized API keys. Nash will not charge any fees for using these. Rather, any fees we collect will be the usual trading fees from our matching engine. We hope this possibility will help both Nash and the digital finance ecosystem as a whole grow.

Nash will continue to release open-source tools in the future on our public GitHub account, always with the goal of demonstrating transparency and driving innovation.

You can stay up to date with Nash by following our Twitter and Instagram. We also encourage all Nash Exchange token (NEX) holders to join our community platform, where they can talk directly with the team and receive reliable answers to questions.

Read more posts by this author.
All Posts

Compliance and Registration

Nash was the first Crypto Platform in Europe registered by the Financial Market Authority (FMA) of Liechtenstein. Nash is also registered with the De Nederlandsche Bank N.V. (DNB).
Icon illustration representing a book with transparent background.

Industry Leading Security

Nash’s Crypto Platform and Investment App uses state-of-the art, audited security measures and is fully non-custodial.
What makes Nash so safe
Icon illustration of a shield representing security on a transparent background.
Trustpilot logo icon
YouTube logo iconTwitter logo iconTelegram logo iconLinkedIn logo iconInstagram logo iconFacebook logo icon
Rates may vary over time. Crypto-powered earnings on Nash are not covered by any deposit guarantee schemes like bank savings accounts and involve risks unique to the underlying technologies: (i) Exploitations of the smart contracts used; (ii) Forex fluctations between your national currency and the US dollar, which underlies crypto earnings assets; (iii) USD stablecoins losing their peg. 
Nash is a trademark of Neon Exchange Aktiengesellschaft. Neon Exchange Aktiengesellschaft is an exchange bureau registered with the FMA of Liechtenstein (TT Exchange Service Provider Nr. 261096 as defined by the Token- und VT-Dienstleister-Gesetz / TVTG, 3 October 2019)
Nash Exchange B.V. is registered with De Nederlandsche Bank N.V. (DNB) as a provider of crypto services. DNB conducts supervision and monitors Nash Exchange B.V.’s compliance with the Money Laundering and Terrorist Financing Prevention Act and the Sanctions Act 1977. Nash Exchange B.V. is not under the prudential supervision of DNB nor under business conduct supervision of the AFM. This means there is no supervision of financial requirements or business risks and no specific consumer financial protections.
Neon Exchange Aktiengesellschaft is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act – for more information please see this link.
Neon Exchange Aktiengesellschaft also provides fiat-crypto exchange services. These are separate and unrelated to the account and payment services you receive from Modulr Finance B.V.