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Mellon Protocol

Mellon Protocol

Mellon protocolcross-chainprotocolDeFi

https://melonport.com

Cross-chain digital asset fund management.
Mellon Protocol

Cross-chain digital asset fund management. Melon proposes a blockchain protocol for digital asset management on the Ethereum platform, which allows participants to initiate, manage and invest in digital asset management funds in an open, highly competitive and decentralized manner.

Melon Protocol Melon is a blockchain protocol for digital asset management on Ethereum, allowing participants to initiate, manage and invest in digital assets in an open, competitive and decentralized manner.

The founder of Cardano donated 20 million US dollars to establish a mathematics center at Carnegie Mellon University: Jinse Finance reported that Charles Hoskinson, the founder of Cardano, the co-founder of Ethereum and the CEO of Input OutPut Global, announced the donation of 20 million US dollars on Twitter. Carnegie Mellon University established the Hoskinson Center for Formal Mathematics, which aims to rewrite the language of mathematics and promote education for more people to understand the encryption industry, cryptography and decentralization, and how these technologies will change the world. [2021/9/22 16:58:35]

The Melon protocol includes the following basic modules: Registrator, Functionality, Price Feeds, Exchanges, Trading, Management Fee, Peformance Fee, etc.

News | BNY Mellon provides Bakkt Warehouse with geographically distributed storage of customer assets: Bakkt tweeted that Bakkt Warehouse custody is in progress. BNY Mellon helps protect private key material by providing Bakkt Warehouse with geographically distributed storage of customer assets. [2019/9/10]

In summary, the Melon protocol is an open-source blockchain protocol, and the track record of fund performance is visible and auditable to anyone. Its competitiveness stems from the low capital expenditure and time consumption of setting up and managing funds. The cost and complexity of setting up a fund are much lower than traditional asset management methods, which are basically seconds and minutes compared to months and millions. This advantage is beneficial to all investors, and it can especially save a lot of costs for large fund managers. This lower initiation and operation cost will allow more new fund managers to participate in the market.

News | Former PricewaterhouseCoopers Financial Technology Director Joins Bank of New York Mellon's Blockchain Department: According to Crypto Ninjas, on May 9, Bank of New York Mellon (BNY Mellon) announced that former PricewaterhouseCoopers Financial Technology Director Subhankar Sinha will serve as Head of its blockchain business. It is reported that Subhankar Sinha once founded Nabartham to provide advice on blockchain products for ecosystem governance of other startups. [2019/5/10]

The protocol is based on Ethereum and can be set up, managed and invested through a decentralized infrastructure. Here, a distinction needs to be made between decentralized storage and decentralized execution.

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Mellon Protocol
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