Duckies, the canary network for Yellow

"## Duckies, a Yellow’s Canary Network (DUCKIES)?

Duckies is Yellow’s Canary Network to test the innovations of the Network in a real-world environment, including the latest versions of smart contracts and software components. Yellow Network is designed to solve the problems of market and liquidity fragmentation, lack of decentralization and lack of regulatory frameworks. The decentralized model that Yellow is envisions is one in which businesses work together, utilizing a shared backbone for liquidity, similar to the way thousands of internet service providers and network firms are interconnected and regulated in their respective countries.

To understand Yellow Network and its moving parts, it is important to get a high-level understanding of what is part of Yellow Network and what is not. We can best do this by differentiating three different layers of protocols:

• Blockchain layer protocol: This is where the state channels smart clearing protocol called ClearSync resides, responsible for the opening, monitoring, and closing of state channels between trading partners. This happens through the deposition and removal of collateral that serves as mutual protection in a trading relationship. While the collateral resides on the Ethereum blockchain, trading partners can trade any tokenized asset across various different blockchains.

• Margin call protocol: This is specific to Yellow Network. The protocol is responsible for updating the collateral state residing in the state channels agreed between trading partners through an off-chain RPC protocol.

• Trading protocol: This protocol is not specific to Yellow Network and is proprietary software. It can be FIX, Rest-JSON, Binance API, Bitfinex API, or any banking protocol for that matter.

Who Are the Founders of DUCKIES?

Louis Bellet, Co-Founder

Louis is a software architect and serial entrepreneur in the fintech, crypto & blockchain spaces. For the past ten years, he has been hands-on in the crypto industry, founding Openware, the world's leading crypto exchange software provider. Now, with Yellow, Louis plans to solve the problem of fragmented liquidity and make blockchain more accessible and secure for the public.

Alexis Yellow, Executive Chairman & Founder

Alexis started his career in avionics before moving to the European Space Center, where he worked on software surrounding Ariane space rockets. He later co-founded market maker GSR and became a crypto investor and blockchain opinion leader. For the last few years, Alexis has made it his mission to support emerging crypto and blockchain projects, founding Yellow to bring the blockchain communities together.

Camille Meulien, Co-Founder

As a software architect, Camille is a known authority in the FinTech development circles. He has over 20 years of experience in FinTech security, distributed systems, Big Data, and high-traffic systems. He is a problem-solver and highly skilled in aligning technical solutions with business goals.