Quick weekly news:submitted by Kononenko_Ivan to GoodCrypto [link] [comments]
- Ethereum Classic has suffered its second 51% attack in a week after more than 4,000 blocks were reorganized Thursday morning.
- The Chicago DeFi Alliance (CDA) is launching one of the first accelerator programs for decentralized finance (DeFi) startups beginning in August.
Also, be sure to check out top altcoin gainers and losers of the week.⬇️
Ethereum Classic has suffered its second 51% attack in a week after more than 4,000 blocks were reorganized Thursday morning. A chain reorg occurs when a party gains more hashing power than the rest of the network miners, allowing them to rewrite the chain’s history and “double-spend” its crypto. Bitfly and Binance reported the reorganization, announcing all Ethereum Classic payouts, withdrawals and deposits had been suspended due to the attack. The network has suffered major reorg attacks at least twice in the last two years. In late July, hackers moved more than 807,000 ETC from unspecified crypto exchange to several wallets, according to Bitquery.
The Chicago DeFi Alliance (CDA) is launching one of the first accelerator programs for decentralized finance (DeFi) startups beginning in August. The program is modeled on Silicon Valley’s Y Combinator program and will invest $120,000 in each participating team in exchange for future token purchases. Volt Capital co-founder Imran Khan and CDA partner Qiao Wang will lead the eight-week program for early-stage startups, plus a fast-track program to introduce more established startups to relevant experts. “DeFi has all the fundamental qualities to become a real, trusted alternative to the legacy financial system,” Wang said.
submitted by tokenclubtct to u/tokenclubtct [link] [comments]
Hello everyone, thank you for your continued interest and support. In the past two weeks, various tasks of TokenClub have been progressing steadily. The product development and community operation progress this week are as follows:
1. TokenClub Events
1)TokenClub’s 2nd Token Circle Talent Show starts registration
The second 2nd Token Circle Talent Show is coming, providing you with a big stage that you want to show yourself in the coin circle. 500,000 people will watch your performances here. This event takes part in the form of registration, and enters the selection competition after passing the preliminary screening of TokenClub. The trial will be promoted in the form of live PK. Winners will receive key support from TokenClub, self-media matrix, help create personal exclusive boutique columns, get the chance to talk with more heavyweight guests, and there will be TCT awards waiting for you! Friends, sign up now.
2)June 1 activity ended successfully
On the advent of “June 1”, the TokenClub team opened a new welfare activity for overseas communities. During the event, follow the team’s official Twitter and forward the event poster in real time, or participate in the topic interaction of the Telegram group to receive private red envelope rewards
3)BTCGrandpa is invited to participate in the live broadcast of Golden Finance
On June 3rd, Grandma Coin was invited to participate in the live broadcast of Golden Finance’s “Mining Double Coins” theme. Review link:
4)BTCGrandpa was invited to participate in the 499 Block community AMA
On June 11, Grandpa Nina was invited to participate in the 499Block community AMA. The theme is “Coin Circle Big V Coin Grandpa takes you to see the market”, the article review link:
Recently, Jianan Technology Senior Vice President Lu Xiaoming, OKEx CEO-Jay Hao, Founder of Litecoin Charlie Lee, Binance Vice President Lu Mai, Bitribe Founder-SKY, Luyin Agreement Founder-Wang Dong, Kubi CEO-Johnny Lyu , Co-Founder of BTW.com-Dylan, MYKEY & Coin Hu founder Guru, suterusu investor & Betterbit founder Richard, CasperLabs CEO-Mrinal Manohar, CasperLabs COO- Cliff Sarkin, DoraHacks partner & business leader-Yue Hanchao, former Silicon Valley Engineer & Early Blockchain User-Wu Weilong, Distributed Capital Partner and General Counsel Sun Ming, Ontology Founder Li Jun, Cardano Project Founder Charles Hoskinson, QuarkChain Founding Partner Anthurine, ARPA Co-Founder & Chief Growth Officials-Nogi, the well-known KOL Ke Haoran of the currency circle, the “Ancient” old leek who loves trading, One.Love, the early investor of Bicc & the founder of CC Capital & the co-founder of the three o’clock blockchain community Wang Xiaobin, Binance Angel Steven, Binance Angel Wu Mi, Binance Angel July, Injective Protocol Co-Founder and CEO-Eric Chen, BN Capital Senior Partner-Wayne Lin, and TokenClub Blockchain and Cryptocurrency Investment Strategy Senior Expert-Zao Shen Chat with everyone Those things of the blockchain~
On June 1, the global blockchain live festival “Stay Live, Stay Young”-Bitribe +499BLOCK hosted by 499Block and Bitribe was childlike and childlike, celebrating June 1st. A total of 18 industry heavyweights, Jay Hao, Charlie Lee, Mai Lu, SKY, etc., and many industry leading exchanges such as Binance, OKEx, Matcha, Kucoin, Bitribe, BTW, etc. were invited to participate in the live broadcast festival Including Luyin agreement, Harmony, Cortex, Beam, Wedifi, etc., the continuous airdrop of up to 6BTC.
On June 1st, CasperLabs CEO-Mrinal Manohar, CasperLabs COO- Cliff Sarkin, DoraHacks partner & business leader-Yue Hanchao, former Silicon Valley engineer & early blockchain user-Wu Weilong was a guest at the TokenClub live room, sharing the theme: Ethereum 3.0: Casper Labs, a Silicon Valley star project, takes us to interpret Casper Labs together.
On June 1, Binance Luna talked to Lu Xiaoming, senior vice president of Jianan Technology, and talked to us about the mine. Lu Xiaoming believes that blockchain has played a huge role in breaking the “data island” and other aspects, and he has confidence in the future of the industry. Just like the sentence he gave to everyone: “We still believe firmly, still believe, of course ,we still love you!”
On June 2nd, Binance Yingge talked to the founder of MYKEY & Coin Hu. Around: “Is Stablecoin a killer application?” Speaking from the beginning of the coin circle to the first pot of gold to the establishment of MYKEY, Guru and shared with us the secrets of grasping so many value projects, investment experience, etc., and stability The key analysis was carried out.
On June 3, Binance Sis talked with Sun Ming, Partner and General Counsel of Distributed Capital-”Sun Ming, Partner of Distributed Capital: The past of the currency circle of a lawyer.” Sun Ming is more optimistic about Ethereum than Bitcoin. Sun Ming believes that the easiest way to invest is to choose the most important project in the main track.
On June 4, Charles Hoskinson, the founder of Cointelegraph Chinese and the Cardano project, gave a live broadcast and shared an in-depth discussion around the topic of “How to Cardano surpass Ethereum after five years of precipitation.” Charles Hoskinson, who was a close working partner with V God and BM, why did he leave Bitshares and Ethereum to create the Cardano project? There is an answer in the live room.
On June 4, Binance Li Jiayi talked with Ontology founder Li Jun-”Ontology founder’s blockchain entrepreneurial experience”. For the future of the public chain, Li Jun believes that in the past two years of infrastructure construction, the public chain has paid more attention to technology. However, in the process of open source in the blockchain industry, technical homogeneity is gradually emerging. In the next stage, the public chain will pay more attention to the application of landing entities and offline scenarios, and new focus will appear, which is a good thing for the development of the public chain.
On June 5, Binance Seven Seven talked to Binance Captains-Hard Candy, He Rensi, Deer Deer Captain, and three post-90s Binance Captains. Focusing on the topic of “Binan Captain chatting about “Cloud Stall” earning “after-sleep income”, I talked about how the entire currency circle has been following the wind in recent days, to see how the Captain Binance is lying and making money.
On June 6, the post-modernist economist hard-core punkist master, Zao Shen, went online, with the theme of “street stalls in the city management area, and speculation of coins out of heaven.” “Street economy” has become the most popular word recently. In this issue, Zao Shen takes everyone to analyze: behind the promotion of the land stall economy, what are the trends and choices in national policies? And analyzed the recent stock market, currency circle, and international policies.
On June 8th, Binance Luna talked to Anthurine, the founding partner of QuarkChain, focusing on the “challenges and opportunities of blockchain in the “new infrastructure””. Anthurine is interested in the development of China’s new infrastructure and the blockchain industry in the new infrastructure In order to play its role, how to participate, and the new infrastructure you think they need the underlying architecture of the blockchain and other issues have been shared in detail.
On June 9th, Binance Yingge talked with ETC Asia-Pacific community manager Xu Kang Christian, and talked to everyone: the brother story of ETC and ETH. Xu Kang said that after 2016, a hard fork occurred in Ethereum. The newly forked chain is ETH, and the original chain is now ETC. Xu Kang believes that the most suitable native scenario for blockchain implementation is the financial field, followed by the alliance chain that the country has vigorously developed.
On June 10th, ARPA co-founder & chief growth officer-Noki as a guest TokenClub live broadcast room and Gate brand public relations Yue Yue connection centered on “ARPA DeFi ideas and growth strategy” centered on the discussion. Nogi talked to you about some ARPA things, and shared her views on the future of the entire digital currency and blockchain industry.
On June 10, Binance Li Jiayi talked to the well-known KOL Ke Haoran of the currency circle and One.Love, the “old” leek who loves trading. Both guests were Binance’s “bosses” (rebate partners). The two guests shared their respective stories in the currency circle and the stories they saw, and shared their own experience in currency speculation.
On June 11, Wang Xiaobin, an early investor of Bicc, founder of CC Capital, and co-founder of the three o’clock blockchain community made a guest live sharing and shared about the BICC trading platform, recent industry hotspots, and blockchain technology.
On June 11, Binance Qianjiangyue spoke to Binance Angels Steven, Wu Mi and July. Binance Angel is a volunteer team established at the beginning of Binance. This team exists as a real voice of community users. The three Binance Angels also shared their daily work in the live broadcast room.
On June 12, Binance Sis talked with Injective Protocol co-founder and CEO-Eric Chen, BN Capital Senior Partner-Wayne Lin, and shared their experiences of speculating on coins around “Defi makes the market value of crypto assets tenfold” , Investment experience and experience, a hot discussion was held on blockchain technology and Defi ecology.
On June 13th, the currency circle song king Zao Shen went live, and the theme was “Recovery of the Minority, Lost of the Most”. Mainly revolving around this Thursday’s plunge in the currency circle, US stocks have driven the currency market to chat. On the linkage of the US stocks & currency circle, the reasons for the collapse of US stocks, the following market trends and investment strategies were analyzed one by one. For more exciting content, please move to the live room.
3.TokenClub operation data
-Live data: 17 live broadcasts in the past two weeks, with over 500,000 views. TokenClub hosted a total of 889 live broadcasts with a total of 45.78 million views.
-Binary trade data: In the past two weeks, guess the rise and fall to participate in a total of 5274 times, the amount of participation exceeded 3 million TCT. At present, it is guessed that the rise and fall function has participated in a total of 1.12 million times, with a cumulative participation amount of 501 million TCT.
-Chat data: In the past two weeks, a total of 10124 messages have been generated. A total of 4.88 milliom messages have been launched since the function was launched.
-Mini-game data: The mini-game has participated in a total of 5069 times in the past two weeks. A total of 1,67 million self-functions have been online.
-Cut leeks game data together: Since the game was launched, the total number of user participation in the game was 976086 TCT total consumption was 6.28 million gift certificate total consumption was 16.39 million and TCT mining output was 163812.
-TokenClub KOL data: Over the past two weeks, the total reading volume of the BTCGrandpa article has been viewed by more than 300,000 people.
-Social media data: At present, the number of Weibo official accounts is 18053 and the number of Twitter followers is 1822 and we have opened the official Medium account this week, welcome to follow.
-Telegram official group data: In the past 2 weeks, there were 741 chats in the group, and the total number of Telegram official groups is currently 3113.
-Medium data: Medium official account u/TokenClub has published 3 excellent articles, official announcements and updates are published in English, welcome to follow.
On June 1, TokenClub organized an award-winning event for overseas users to participate in live broadcast interaction, retweet Twitter, and telegram group chat. At the same time, with the increase of live broadcast content, the telegram group is becoming more and more active, and the questions raised by overseas users who have just entered the telegram group are also answered in the first time. TokenClub has translated the high-quality live content of the past two weeks into English and released it to the Medium platform. Please pay attention.
TCT has been listed on Binance、Okex、Gate.io、ZB-M、MXC、Biki、Coinex、BigOne、Coinbene、Cybex、SWFT、Loopring、Rootrex etc.
TokenClub website: www.tokenclub.com
submitted by benohanlon to komodoplatform [link] [comments]
A total prize pool of 7,000 KMD in our infographic contest
Calling all creatives to take part in our infographic contest and compete for a prize of 7,000 KMD. The winning infographic will explain the architecture of Komodo Platform’s technology. Winners will be those who are able to communicate our architecture and tech visually. This contest will run primarily on Reddit, with the exception of resources being posted to Medium and a master twitter thread for submissions on Twitter. You'll find links at the bottom of this post.
Prizes for winning infographics.Are you a creative designer? Here's what you can win…
Prizes for sharing and giving feedback!Not a designer? That's OK. You can still participate and win! We'll award five lucky winners 100 KMD each for sharing and promoting the contest. Winners will be picked in a raffle. If you'd like to take part click here https://gleam.io/MwMtO/komodos-20-infographic-contest-5000-kmd-grand-prize and share this post with your friends.
Our Criteria to JudgePlease note that upvotes and shares are not the only criteria we'll use to judge winners. While useful, we will value creativity, good questions and discussion on Reddit highly. When sharing your posts you will score more highly if people comment, provide feedback and are engaged.
How do you win?You may submit up to two infographics. By submitting an infographic, you understand Komodo may post and use your submissions on our digital channels during and after the contest. Each infographic must have it's own post.
Contest Timeline Guide (these dates indicative and are subject to change).
ResourcesIf you need help please post in this thread, or email [[email protected]](mailto:[email protected]) with ‘Infographic Contest’ in the subject line.
Entries and submissions for the infographic contest. You can click here to see them all in a scrollable thread on Twitter.
25/09/18 - First Round of FeedbackInfographics should use graphical design elements to visually represent the Komodo Architecture Story found here: https://komodoplatform.com/komodo-platform-a-brief-overview/ included in our ‘required reading’. There’s also a bullet point aid: https://medium.com/@benohanlon/bullet-point-aid-to-help-you-the-history-of-komodos-architecture-dced35b29965 you may find useful.
If you’ve not been included in the first round it’s because the submission hadn’t been made when the team reviewed. Don’t worry though because we’re organising hangouts and further feedback to help.
We hosted a round of live feedback sessions via Zoom. The recording is here:https://soundcloud.com/blockchainists/zoom-call-first-round-of-feedback-for-komodos-infographic-contest#t=3:50
TimelineThe first block in the KMD blockchain was mined just under two years ago, on September 13, 2016 to 9:04 PM. Since then, Komodo has demonstrated a commitment to innovation and established a history of execution.
If you would like to update your post, please edit and add to the post so people can see the different iterations. Entries and submissions for the infographic contest. You can click here to see them all in a scrollable thread on Twitter.
submitted by mrhadow to matetrade [link] [comments]
A distinctive feature of Bitcoin and most cryptocurrencies is that their emission is limited. New coins are issued only until the last coins are mined. This approach protects digital currencies from deflation. Banks issue new bills, thereby reducing the purchasing power of money. When the maximum number of coins is reached, it will be impossible to get new ones.
If mining was carried out evenly, there would be no shortage of coins, and this factor plays a key role for the growth of the exchange rate. The halving process was programmed to ensure the coin deficit in blockchain networks.
Halving is reducing of the reward to miners for mining new blocks. Initially, for each block of Bitcoin found, miners received 50 BTC. But every few years, the reward is halved. In 2020, miners are waiting for the 4th halving of Bitcoin, after which the block reward will decrease to 6.25 BTC.
What will this mean for the crypto market? Many crypto experts and enthusiasts note that halving has a positive effect on the rate of the main cryptocurrency and the crypto market as a whole. Previously, some time before the event, Bitcoin began to grow in price and after each halving it only became more expensive.
The previous halving took place on July 9, 2016. As you can see on the chart, even before halving, the Bitcoin exchange rate increased from $439 to $773 per coin. Then the first cryptocurrency continued its growth after a short correction.
But there is also the negative side of halving Halving the reward for new blocks is an extremely unfavorable event for miners. If the exchange rate does not exceed $12,000 before halving, then large mining companies, in whose hands the largest computing power of the network is concentrated, will suffer huge losses. When evaluating forecasts, you should take into account the correlation of cryptocurrencies: a positive correlation indicates that with the growth of Bitcoin associated with halving, altcoin will also grow. If the correlation is negative, the process will reverse accordingly. The correlation coefficient can be found on the Plot.ly website.
Forecasters differ in their estimates, but mostly there is a positive attitude. If you do not want to miss the growth of the crypto market, Trade-mate.io service for automatic trading will help you with this. The platform provides a single terminal for trading on three major crypto exchanges at once: Binance, BitMEX and Poloniex. The platform offers features that cryptocurrency exchanges do not have:
Dear NEO Health Community:submitted by Bayalumaya to NEO [link] [comments]
Firstly, I would like to thank everyone for your support since we opened the PeerAtlas Telegram last November. We are all in this together.
I will provide a brief history of PeerAtlas and NEO Health.
2011: The PeerAtlas project begins with the goal of launching a completely free library for high-quality medical information, and ultimately launch a live rolling clinical trial to collect outcome data on patients, which would prove or disprove the claims of pharmaceutical companies, becoming the most valuable medical database in the world.
2011-2016: PeerAtlas founder Brad Mattson codes an alpha version of a wiki-based medical algorithm encyclopedia while in medical school and training to become a radiologist. Development and marketing of the project is difficult during this time because the majority of Brad's time is consumed by the notoriously brutal schedule of a doctor in training…but the project continues. For those who don't know, doctors enjoy working longer hours than most for reasons that are unknown.
November 2016: Brad buys his first Bitcoin, watches the price of Bitcoin increase, and instantly becomes a crypto degenerate (AKA true believer) like several others before him. Brad watches all of his personal holdings get tied up in crypto over the next several months, and considers selling his house. In retrospect, I should have sold the house.
April 2017: Brad moves all of his crypto investments into Antshares because he reads on Reddit that Antshares has the best community and he enjoys supporting a Chinese project because his wife is Chinese. This really was all the research I did, but most people would recommend reading the whitepaper before making moves like this.
June 2017: Brad hopes to launch PeerAtlas on the platform of the future, and like any self-respecting crypto degenerate (AKA true believer), he believes the future of everything must be blockchain. Having so much respect for the strength of the Antshares community, Brad asks his wife and PeerAtlas co-founder, Ling Wu, to email Antshares founder, Da Hongfei. Da replies and talks to launch an ICO on Antshares begin.
July 2017: Antshares rebrands to NEO. PeerAtlas co-founder Colin Closser completes the first draft of the PeerAtlas whitepaper.
Early November 2017: The PeerAtlas team (Brad Mattson, Ling Wu, and Colin Closser) visits NEO headquarters in Shanghai and plans the launch of the PeerAtlas ICO.
Mid November 2017: The PeerAtlas Telegram is opened.
Late November 2017: Cryptocurrency markets and altcoins begin their climb to new all-time highs.
December 2017: The PeerAtlas project is presented at the NEO meetup in New York City. Cryptocurrency markets are out of control. The PeerAtlas Telegram begins daily quizzes with gas awards for first 10 winners. The quizzes take place for almost 5 months, with special thanks to Vivek, Raj, Melicio and several other members of the community for making this possible.
PeerAtlas co-founder Ling Wu with NEO founder Da Hongfei at the NEO meetup in New York City
Early January 2018: The PeerAtlas ICO page goes live. Cryptocurrency markets remain out of control. The SEC sets a date for early February to discuss ICOs, security tokens, and utility tokens. Obviously this means bad news for US-based ICOs.
Late January 2018: The PeerAtlas project is presented at the first-ever NEO DevCon in San Francisco.
February 2018: The SEC declares that all utility tokens are in fact security tokens. The PeerAtlas team consults dozens of lawyers for advice regarding the launch of a US-based ICO, and we get a different answer from every lawyer because nobody has any idea what's going on. PeerAtlas suspends plans to launch an ICO from the US against the advice of several lawyers who claim the SEC doesn't have the resources to investigate every single ICO. As it turns out, the SEC does have the resources to do this, and we watched several projects get shut down by the SEC.
March 2018: Cryptocurrency markets are not looking so great. The PeerAtlas team researches launching the project from a crypto-friendly country outside of the US. Research leads to Gibraltar, Liechtenstein, Malta, and Switzerland as possible options.
April 2018: Cryptocurrency markets are looking worse. The word on the streets is that Binance, the world's largest exchange, will be moving to Malta and the PeerAtlas team decides that wherever Binance is going is probably also where we should go. Legal negotiations begin in Malta and PeerAtlas officially becomes a Malta-based company.
Late April 2018: Cryptocurrency markets are still taking a dive, but PeerAtlas moves forward with plans to launch the token sale in May.
Early May 2018: Cryptocurrency markets still look terrible but are beginning to become more stable. PeerAtlas launches the presale on May 1st. Three days after the presale is launched Brad is contacted by iScientia (www.iscientia.com) founders Koen Vanneste and Laurent David to form a partnership. Brad recognizes that iScientia is a European leader in medical information and clinical decision support for almost 20 years with endorsements from the most well-respected medical journals and libraries, and accepts the partnership.
Mid May 2018: The PeerAtlas token sale is suspended while the goals of the project are updated after the partnership with iScientia. The project takes on a new direction with a drastically more ambitious scope.
June 2018: PeerAtlas and iScientia merge to form NEO Health, and begin building a completely web-based electronic medical record to integrate with the iScientia clinical decision support tool and digital health library which is currently operating in several European countries.
July 2018: Brad suspends his career as a radiologist and moves to Belgium to work on the project full time with iScientia.
In what will go down as one of the most interesting experiences of my life, I traveled to Milan, Italy with iScientia co-founders Koen Vanneste and Laurent David where we had arranged a meeting with “investors”. We were asked to meet the “investors” in a coffee shop/bookstore outside of Milan. We waited in the bookstore for around 45 minutes before the “investors” finally showed up, one dressed normally and the other dressed in a full Giorgio Armani suit. The one dressed normally was carrying a large black bag. They treated us to a cup of coffee and discussed investing into our presale. They suggested that we take 2 million euro in cash from them and put it in the trunk of a rented car and drive it across several country borders back to Belgium, and then call it their investment in our project LOL. They asked if we could meet again the next day in an undisclosed location to finalize the deal, and asked us to bring a money counter with us the next time we meet. Does it look like I just fly in from New York and I'm carrying a money counter in my backpack? If I ever need to use a money counter for anything I'm going to get one of those green banker visors to go with it.
The next day the location of the meeting changed five times before we finally agreed to meet at a very shady restaurant like something you would see in a Martin Scorsese film. At this point I figured this must be someone's idea of a practical joke. They bought us a pretty nice dinner which was definitely appreciated, but we did not have a money counter and no money exchanged hands. I explained that we were thankful for their offer, but we simply cannot accept 2 million euro in cash, put it in the trunk of a rented car, and drive it back to Belgium LOL. The story actually gets more crazy, but to protect people's privacy and make sure we don't end up getting shot, I'm not going to go into more detail. For the record, NO CASH WAS ACCEPTED FROM ANYONE.
Over the past two weeks we have been quite busy beginning development of a completely web-based electronic medical record which we will integrate with the digital health library and clinical decision support tool from iScientia to provide doctors with clinical decision support at the point of care through the NEO Health EMR. We are also finishing the new whitepaper and building an ICO page.
NEO Health headquarters in Belgium, at the European Center for Implementation of Evidence-Based Guidelines
In addition, we met with Nigerian government officials and are hoping to deploy our software in Nigeria if we can come to an agreement. Nigeria would be an ideal place to launch NEO Health because there is less barrier to entry than in the United States or Europe where there are endless healthcare regulations and patient privacy laws. We feel the quality and access to healthcare in Nigeria would improve tremendously if doctors were using a modern electronic medical record system as opposed to paper charting which is currently the most common form of charting in Nigeria. We will also speak with select hospitals in China which will serve as test sites for NEO Health, before expanding further into China.
Thank you sincerely to the NEO Health community for your support! I will keep you updated with a weekly, or at most a bi-weekly newsletter.
Brad Mattson MD
Founder of NEO Health
https://preview.redd.it/jae7b0zweu931.jpg?width=967&format=pjpg&auto=webp&s=2671a92a17bc54915173f55333322d4e53c9219bsubmitted by infini2019 to u/infini2019 [link] [comments]
On June 27, Bitfinex retweeted that EOSfinex, the DEX based on EOS, had completed testing and planned to launch on July 25.
This means that after more than a year of development, another centralized trading platform giant has joined DEX.
01. Why are the giants of centralized trading platforms switching to DEX?
According to statistics, more than 90% of digital currency assets are traded on centralized trading platforms, which also provide sufficient liquidity for various tokens and are indispensable to the market.
However, these centralized trading platforms have significant risks and shortcomings, and news of trading platforms getting stolen comes out every once in a while. From the earliest Mt.Gox incident, to the Bitfinex theft incident in 2016, to the theft of more than 7,000 bitcoin COINS in May this year, every hacker theft event will bring huge losses to the trading platform.
According to the statistics of Manwu Technology, since September 2012, trading platforms have been attacked and stolen by hackers for 46 times with a total loss of 2.9 billion dollars.
When we put encrypted assets on a centralized trading platform, we have to worry about not only the trading platform being attacked by hackers, but also whether the trading platform itself will steal. In addition, due to the lack of effective supervision of the current digital currency market, the centralized trading platform may even have some black case operation and market manipulation.
This centralized management model deviates from the decentralized nature of blockchain. In the long run, maybe DEX is the future.
02. DEX Model
In the world of blockchain, the private key is everything, and whoever holds the private key owns the encrypted assets in the corresponding address.
In DEX, cryptocurrency assets are held in digital currency wallets that hold their private keys, so security is greatly improved. As long as it's not a human error or a wallet security breach, it's almost impossible for hackers to steal money.
When you need to trade, there is no need to register DEX nor recharge separately. You can access DEX directly through wallet authorization, realizing seamless connection between wallet and DEX, which is very convenient.
Matchmaking tradeoff between two parties are automatically executed through intelligent contracts in the chain. After the transaction going through, the corresponding digital assets will be automatically transferred in/out of your digital currency wallet, and all the transaction information will be "permanently" recorded on the blockchain, with no organization or individual to tamper with or delete.
So, how does DEX make profits?
In fact, just like the centralized trading platform, DEX mainly relies on trading fees to make profits but DEX has lower fees compared with the centralized trading platform.
There are already plenty of DEX products on the market, including DEX from Binance which was officially launched not long ago. Zhao Changpeng has repeatedly said in public that DEX would be a trend in the future. He Yi said in a recent interview: "Currently, the peak daily trading volume of coindex is equivalent to $16 million, and both the trading volume and the number of users are increasing at a very fast rate."
With so many competing products on the market, what's so special about Bitfinex's EOSfinex?
03. The specialty of EOSfinex
As one of the largest digital asset trading platforms in the world, in order to continue to push the boundaries of market leading services, Bitfinex officially announced in February 2018 that it would develop an DEX product – EOSfinex, which can provide users with a fast, transparent and reliable trading platform.
After more than a year of development and testing, EOSfinex has completed all the preliminary work and is scheduled to launch on July 25.
What are the features and advantages of this EOSfinex compared to other DEX on the market?
A. EOSfinex offers multiple order types
EOSfinex offers a range of order types that provide users with the tools they need to implement successful trading strategies.
Market Order: to buy or sell a security at the best available price in the current market. It is widely considered the fastest and most reliable way to enter or exit a trade and provides the most likely method of getting in or out of a trade quickly. If you have a priority order, you should choose the market order.
Limit Order: An order to a broker to buy a specified quantity of a security at or below a specified price, or to sell it at or above a specified price (called the limit price). This ensures that a person will never pay more for the stock than whatever price is set as his/her limit. So, if you're not in a rush to buy or sell, limit order is a good choice.
Post-Only: To ensure that limit orders are added to book orders and are not paired with existing orders. If your order is in line with the existing order, the submission of the limit order will be cancelled. This order ensures that you pay a market maker's fee and not a counterparty fee, unless paired with a hidden order.
IOC: An immediate or cancel order (IOC) is an order to buy or sell a security that executes all or part immediately and cancels any unfilled portion of the order.
Release on Trade: If this function is enabled, funds will be transferred to the side chain account after receipt.
Sweep Collateral: If this function is enabled, the balance of the trading platform account will be transferred to the side chain account when the order is completed or cancelled.
EOSfinex trading platform provides a variety of order types, users can choose according to their different trading needs.
B. The trading interface can be customized
The EOSfinex trading platform allows traders to customize the trading interface according to their preferences, such as changing the page theme, font and time zone according to their own needs. If you want to further customize UI of EOSfinex, there are eight individual UI components of the trading interface for your to Rearrange: Chart, Balances, the Orders, the Order Book, Order Form, Order History, Trade History and EOX Resources.
The EOSfinex UI is built around a drag-and-drop system, and each of these 8 components can be repositioned, resized, or even deleted in any way you want by clicking on the title of each component and dragging it to the appropriate location.
C. It’s all on the blockchain to ensure transparency and security
EOSfinex is a completely chain-running and extensible trading platform based on the EOS of the blockchain. All the core trading components including order book, matching engine and hosting solution are in the blockchain. That is to say, the whole trading process is operated in the blockchain from the matching of orders and orders by users to the settlement of assets, which not only ensures the transparency of asset transactions, but also guarantees the security of assets.
D. Side chain operation
EOSfinex will run on a side chain of EOS to ensure higher TPS and a better trading experience for users.
E. Lower transaction costs
EOSfinex, just like other trading platforms, uses Maker and Taker mechanisms to charge different fees. Generally speaking, the fee of Maker is lower than Taker’s because Maker provides liquidity, while Taker consumes Maker in the deep list and reduces liquidity.
EOSfinex has a zero Maker fee and a 0.2% Taker fee, and due to the providing liquidity of Maker, there will be a 0.5% return with it.
F. Rely on Bitfinex to ensure the depth of trading
Currently, the biggest defect of DEX on the market is the insufficient trading depth and poor user experience. To solve this problem, you need to attract enough users to participate in using DEX. Only with more people, there will be enough trading depth.
Bitfinex is one of the world's top established trading platforms and has accumulated a very large user base, which is founded in December 2012. After EOSfinex is officially launched, Bitfinex will definitely lead the flow. Due to the endorsement of Bitfinex trading platform, it is believed that more and more people will participate in the use of EOSfinex.
Compared with the centralized trading platform, DEX is more suitable for the decentralized spirit of blockchain. With the development of blockchain technology and the deepening of industry education, more and more people will master the ability of private key management proficiently, and more and more people will experience the pleasure of "managing your own assets, no one can take away" and choosing DEX.
Whether EOSfinex, which will be officially launched on July 25, can become the leader of the DEX trend, let's wait for time to find out.
The last time news.Bitcoin.com reported on the Bitfinex hack coins moving was at the end of July when the individual moved around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach. BTC News Germany - Der unabhängige deutsche Blog mit den wichtigsten Neuigkeiten zu den Themen Bitcoin, Altcoin, Mining, Börsen, Wallets, Handel, Marktkapitalisierung und allgemein Cryptocurrency. Most of the stolen bitcoins sat idle for a little less than four years, but in 2020 the hacker has been moving lots of coins in batches. The last time news.Bitcoin.com reported on the Bitfinex hack coins moving was at the end of July when the individual moved around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach.. At the time of the July 2,500-coin move, BTC was swapping for ... On Wednesday morning (ET), around 2,034 BTC ($21.6 million) from the 2016 Bitfinex hack moved into a few unknown wallets. The last time news.Bitcoin.com reported on the Bitfinex hack coins moving was at the end of July when the individual moved around 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach. The news of the Bitfinex hack bitcoins on the move, also follows the recent ... Alle arbeiten an Binance. Ende Februar dieses Jahres fielen Bitfinex und OKEx einem DDoS-Angriff zum Opfer, der sich auf den Bitcoin Preis auswirkte. Zu diesem Zeitpunkt fiel Bitcoin um 3,4 % auf 8.400 USD, nachdem BTC im Januar und Februar in einem Aufwärtstrend begriffen war. Der CEO von OKEx gab, wie Zhao, auch seinen „Konkurrenten“ die ... Die Bitcoin-Börse Binance betritt deutschen Boden. Durch die Partnerschaft mit CM-Equity plant das Unternehmen die Vermarktung der Plattform in der EU. BTC-ECHO. Krypto handeln $ $ $ $ $ 428.77 B $ BTC 15,200.08 $ 8.96%. ETH 415.97 $ 7.32%. BCH 249.56 $ 5.82%. XRP 0.246256 $ 4.87%. MIOTA 0.245577 $ 6.77%. LINK 10.97 $ 10.73%. ADA 0.097858 $ 4.63%. Von Experten empfohlen: Das passende Krypto ... Binance wirft einen Blick auf das Halving und beantwortet einige wesentliche Fragen, um das Ereignis und seine Auswirkungen auf den Bitcoin-Preis zu verstehen. Das Halving wurde 2009 geschaffen, um zu verhindern, dass das gesamte BTC-Angebot in weniger als einem Jahrzehnt geschaffen wird, wie Binance behauptet. Das Halving findet alle 210.000 Blöcke statt und reduziert die BTC-Emissionen um ... The final time information.Bitcoin.com reported at the Bitfinex hack cash shifting used to be on the finish of July when the person moved round 2,500 stolen bitcoins ($28 million) from the 2016 Bitfinex breach. On the time of the July 2,500-coin transfer, BTC used to be swapping for $10,350 in keeping with coin. On October 7, 2020, every other ... Bitcoin hat sich in der vergangenen Woche nicht allzu gut entwickelt, nachdem der Preis der führenden Kryptowährung am vergangenen Wochenende 10.000 Dollar erreicht hatte, fiel er von diesem wichtigen psychologischen Widerstand auf einen Preis von nur 8.450 Dollar – ein Rückgang von 15%.. Während eine Reihe von Analysten darauf hinweist, dass diese Rückführung ein Vorläufer einer ... If history repeats, the Bitcoin price could now start a new rally, similar to the one in 2016, when Bitcoin exploded by over 3,000 percent in 525 days after halving. The well-known trader Josh Rager describes that a similar price increase could be imminent at the moment and that Bitcoin has gone through an accumulation phase in the last few weeks. The halving is 10 weeks behind, just like in 2016.
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