What is the Bancor Protocol?
The Bancor Protocol is an open-source standard for Smart Tokens™ which interconnect to form a decentralized liquidity network, allowing every connected token to be automatically convertible for every other. Tokens which connect, either directly or indirectly, to the Bancor Network Token (BNT), interlink to form the Bancor Network.
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When reading this article, please keep in mind the following: (1) Important to notice that wherever referring to any sensitive information of yours, including private keys, key-pairs or other account information, that information is yours. We can only make limited suggestions to how such information may be treated and protected, but the responsibility is yours. You should always make sure your information is protected and kept private, in the best available way; (2) that the information contained herein is a simplified extract of detailed information and sources generally available on the internet. This basic information was collected and displayed in attempt to provide you with better understanding of certain processes and aspects which relate to content and applications on Bancor’s site.
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