SX merge roadmap announced

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Updated December 7, 2022 | Published December 7, 2022

2 mins read

SX validators will receive SX Bet protocol revenue post-merge.

Community-owned betting platform SX has confirmed it will complete its merge in 2023.

The overall merge will be completed in three phases. The company’s current plan is to home in on executing the first stage of the merge, which is getting “out a v1 of the SX Merge in Q1” of next year.

The focus will be on “moving to a fully decentralized and incentivized reporting system” where “SX Network validators will be in charge of voting on outcomes of markets with a high level of accuracy in a minimal amount of time”.

Completing phase one will enable the move into phases two and three of the merge, which will focus on decentralizing the SX Bet order book and Bet front-end.

The second stage is centred around “decentralizing the order books to create a provably fair and globally open liquidity pool for market makers and other blockchain betting products to tap into”.

The merger’s third stage will focus on “decentralizing the front-end by creating an SX Bet SDK for others to easily launch their own front-ends that tap into the decentralized markets and liquidity pools of SX”.

The end result of the merger aims to be a fully decentralized blockchain betting platform owned by the community.

The SX Network is designed for developers with EVM compatibility, low-cost transactions, and proof-of-stake (PoS)-based consensus modes.

Overall, the SX Network combines smart contracts with on-chain treasury and prediction market protocols with SX Bet standing as the “number one prediction market dapp” by betting volume “across all chains”.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.
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