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TXA is an open source project that provides decentralized settlement services to exchanges that wish build on top of its settlement layer. TXA's Decentralized Settlement Layer serves as the foundation for a new kind of crypto exchange: hDEX, which stands for Hybrid-Decentralized Exchange. TXA's Decentralized Settlement Layer brings to fruition the architecture of a centralized orderbook with decentralized settlement. This means that traders will have access to CEX-like speeds while having a DEX-like trading experience in terms of privacy and security
In the Project TXA hybrid-DEX (hDEX), trades are broadcast to a network of open-source, community operated Settlement Data Providers (SDPs), these track net obligations between traders and participate in a special consensus process to settle trades
