Bisq news

Established in 2014, Spain. No. of pairs - 14. Fiat - USD, EUR, GBP, CNY. Decentralized exchange.

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Bisq Trading Volume hits ATH after LocalBitcoins Bans Cash Trades

Bitcoin peer-to-peer (P2P) exchange Bisq witnessed a new record in weekly volume hitting $6.1 million last week. The demand for local cash transactions is still high and, with world popular platform LocalBitcoins banning cash transactions, new players are likely to conquer the market share of local P2P trades.  Volume on Bisq hits ATH  According toRead MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Bisq’s Lead Developer Makes Way for DAO to Take Over

The founder of decentralized crypto exchange Bisq has stepped away from all roles and activities, allowing the exchange’s DAO (decentralized autonomous organization) to oversee its operations.Manfred Karrer released the departure announcement on Bisq’s official site on May 16, 2019, claiming that the exchange is “entering a new phase” and that the DAO “is now the infrastructure which enables that Bisq is managed by its stakeholders and contributors.” Noting that Satoshi’s departure from involvement in Bitcoin was critical to that project’s success, Karrer stated that Bisq will now be entirely autonomous.Plans for the DAO to take over have always been central to Bisq and it seems that the exchange has been progressing toward that goal steadily. The first iteration of the DAO went live in April 2019 in a software update as an attempt to decentralize Bisq’s management. Using colored bitcoin, the DAO will give users voting rights and allow contributors to be compensated for their work.Sure enough, April saw a full release of the DAO, which contributors claimed “was intended to be a part of Bisq from the day it was first conceived in 2014.” Less than a full month later, this latest announcement marks new progress for the DAO. Karrer claimed that he planned to make a clean break from Bisq’s operation earlier but was delayed by a handful of chargeback scam attempts. Citing the potential for burnout that such hands-on maintenance requires, he has now stepped down from all nontrivial administrative duties.The announcement concluded with a list of some of Bisq’s accomplishments to date and a list of plans for future development. The latter includes anti-fraud protections, off-chain trading, SegWit and hardware wallet support and more. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

A Bitcoin Cash Fork of Decentralized Exchange Bisq Is on the Horizon

Two Bitcoin Cash (BCH) community members recently offered up a bounty for someone to fork the decentralized trading platform Bisq using BCH as the native currency. Now it seems a programmer has started the project in order to port Bisq over to BCH with help from BCH developer Pokkst’s Bitcoincashj implementation. The project is still in the midst of development but the platform works on Intellij and the programmer says Bitcoin Cash is very close to getting its own decentralized exchange. Also read: Bitmain Aims to Leapfrog Competition With Its Next-Gen Bitcoin Miner This Developer Forked the Dex Bisq and Bitcoin Cash Will Be the Native Currency Bitcoin Cash supporters were not pleased a few months ago when the Bisq exchange dropped support for BCH after the November blockchain split. Bisq is a noncustodial and decentralized exchange (DEX) that uses a multi-signature escrow system in order to execute settlement without the need for a third party. The DEX phenomenon has recently started to gain more attention after centralized exchanges continue to drop the ball and lose millions of dollars in cryptocurrencies. After the delisting of BCH on the Bisq DEX, two BCH community members on Reddit called u/ftrader and u/7e62ce852 offered up a bounty for someone to fork the Bisq protocol for use with BCH. Following the two offers, many other BCH proponents put up sums of BCH to fund the bounty as well and there’s now close to $5,000 in bitcoin cash up for grabs. Since then, developer Emilio González from Mexico announced he has proceeded to fork the Bisq software and has used the anonymous developer Pokkst’s Bitcoincashj framework, a Java implementation of the Bitcoin cash protocol. “The project uses Bitcoincashj and, well, that’s pretty much everything so far,” the programmer detailed on April 28. “I got school to attend and exams to take, so it’s been kinda slow, but the good news is that as of now ‘Bisq-Cash’ (re-branding maybe?) does work and we are much closer to get a dex of our own.” The developer of the Bisq fork Emilio González. The developer also noted that the forked project is currently hosted on the Bisq Github repository and located at the “cash” branch. In a few days, after exams, the programmer intends to change the price nodes to BCH instead of BTC, alongside adding the Cashaddr address format instead of legacy addresses. The developer Pokkst explained that it was great to see his Bitcoincashj fork being used in the wild and offered to help the DEX development move forward while the creator was busy with exams. The community member u/ftrader, who originally offered a large sum of the bounty money, said it was great to see some progress with the fork. He also suggested that the developer change the name from Bisq to something else and said it would be “a good idea to raise an r/btc post to brainstorm some good new name for the project eventually.” BCH Supporters Hope for Cashshuffle Support The developer of the original Bisq application, Manfred Karrer, also asked the programmer of the fork to change the name so it won’t “cause confusion to users.” Another BCH user said that he believed Bisq was the only fiat-to-crypto DEX he knew of and noted that “it’s worth porting.” “With Bisq you usually pay a premium when you buy bitcoin, and BTC fees make it worse — BCH low fees plus Cashshuffle would make Bisq better,” they added. Other BCH supporters tipped the developer small fractions of BCH using the Tippr bot after he announced the forked protocol was ported to BCH. A flurry of Bitcoin Cash development continues and the latest Bisq fork announcement is just one of many on the horizon. Cashshuffle is one of those developments, an application that was recently launched via the Electron Cash wallet and will soon be implemented on other light wallets. With the Cashshuffle project being at the forefront of people’s minds, some BCH supporters commenting on the Bisq fork announcement thread asked the programmer to implement Cashshuffle into the platform. They believe adding an extra layer of privacy to the application like Cashshuffle would be a positive step. “This use case begs for mandatory Cashshuffle, thankfully BCH makes this completely affordable — a couple of cents for anonymity on a DEX seems like a no-brainer,” another commenter remarked. Overall, most of the BCH proponents who commented on the subject seemed delighted to see the DEX forked for the Bitcoin Cash network. What do you think about the Bisq DEX being forked for the BCH protocol? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, Pixabay, Reddit, and Github. Did you know Bitcoin.com will soon be launching a peer-to-peer trading platform called Local Bitcoin Cash? The service will allow for direct exchange with people trading BCH all around the world. At Bitcoin.com we’re excited and it’s coming soon! If you want to stay notified for when the hottest new trading platform launches – Sign up here today! The post A Bitcoin Cash Fork of Decentralized Exchange Bisq Is on the Horizon appeared first on Bitcoin News.
Bitcoin News

Five Years in the Making, Bisq Exchange Launches Its Bitcoin DAO

Decentralized autonomous organizations (DAOs) are one of crypto's more novel and ambitious applications — one that Bitcoin, until recently, has had nothing to do with.In practice, they're a bit younger than Bitcoin forks and older than smart contract-focused blockchains. The idea is that you can devise a decentralized governance system using the blockchain's cryptographic controls — rule of code, so to speak. Using tokenomics and technical schemes, the DAO affects certain laws over its participants, incentivizes them to play by the rules and encourages the community to hold itself accountable.Dan Larimer's BitShares, with its delegated proof-of-stake consensus mechanism, was the first DAO, followed by Dash. Since these trailblazers went live, DAO endeavors have become dominated by the Ethereum ecosystem, including, most notably, the eponymous and disastrous The DAO — best known for forfeiting millions in ether to the void after an incompetent coder unwittingly deleted a wallet library — and Maker, among others.Perhaps because of Bitcoin’s limited scripting language and, conversely, Ethereum’s rich scripting language, Ethereum has been the frontrunner for popular DAOs in recent memory, while one has never launched on the Bitcoin blockchain.Until now, that is.Bisq Gets an UpgradeBisq, one of the Bitcoin community’s only truly decentralized exchanges, introduced version 1.0 of its software this week. Along with other ancillary upgrades, the release dropped a bombshell by furnishing Bitcoin with its first DAO.“Bisq's DAO, launched on Monday, April 15, is (to my knowledge) the only attempt of its kind to decentralize a project's management and funding to the extent it does,” Steve Jain, a Bisq contributor, told Bitcoin Magazine.With its intention to migrate toward distributed governance, Bisq will strive for an even greater degree of decentralization than it already features. Its software operates on Tor, and each user must run their own separate instance of the program (akin to running a node on a much smaller scale) to access the exchange, making it completely peer-to-peer.The privacy-minded exchange offers a rare, KYC-resistant fiat ramp for bitcoin trading, allowing users to facilitate fiat exchange with payment apps, bank wires and even hard cash swaps, like LocalBitcoins offers. With each trade, bitcoin is locked away in multi-signature contracts, requiring arbitrators to resolve any conflicts should a dispute arise in a trade.Jain said that this version upgrade was a long time coming.“The DAO was intended to be a part of Bisq from the day it was first conceived in 2014,” he revealed, adding that this launch has been in the works for five years — meaning that its development predates even the infamous Ethereum DAO. Now that it’s live, he believes that the program has realized an even truer version of itself, one that separates it from the pack.“From this standpoint, Bisq is a totally different beast —in terms of software and governance — than any other exchange,” he claimed.How the DAO WorksBisq’s governance will revolve around a token, but speculators need not apply — the project isn’t launching an ICO. Instead, each BSQ token will be minted through a process known as coloring.Colored coins, so-called because they are distinguished from regular coins on the blockchain, are simply satoshis marked for a specific use case. To create tokens for Bisq, for example, users submit satoshis to the DAO, which are then “painted over” to represent BSQ. These tokens give users the ability to participate in the Bisq DAO.This participation can take many forms. For traders on the platform, BSQ will give them trading discounts, not unlike BNB coin for Binance users, but this token’s use case is more dynamic than that. Contributors, for instance, can submit a compensation request to the network for payment in BSQ after finishing a project for the DAO. The community then votes on whether or not compensation should be awarded, and the developer submits satoshis to mint the colored BSQ tokens.More than just developers, DAO contributors could be designers, support staff, social media managers or writers. These contributors can also stake BSQ in a bond to fill a high-trust position in the DAO, like a back end engineer, copywriter or social media representative. If these de facto employees are caught slacking off or acting up, the community can confiscate their stakes as punishment.“It's a dynamic system of stakeholders acting in their own best interests … And notably, there are no gatekeepers to manage it all,” Jain said. “BSQ is bought on the open market, and it's issued by collective stakeholder voting. Personal vendettas, bank tantrums, government policies, company rules … none of these things can get in the way of someone doing work and getting paid for it.”To start, 3,657,480 BSQ has been minted to compensate a team of more than 200 contributors for their five years of labor to get Bisq and its nascent DAO up and running. Going forward, Jain told us that new BSQ will be put into circulation every month to fulfill compensation requests. Any BSQ used for trading fees, on the other hand, will be burned and taken out of supply entirely.Should I Trust the Government?For some, the DAO’s attempt to realize cohesive-yet-anarchic governance is utopian at best and foolhardy at worst. Critics point to Ethereum’s DAO and the ensuing hard fork as a bailout of sorts — the crypto equivalent of the windfalls Washington bestowed on Wall Street during the Great Recession.Other criticisms point to the notion that incentives aren’t powerful enough to keep bad actors in line, or that governance systems, depending on structure, give these bad actors mechanisms to game the system and circumvent checks and balances.Bisq’s own governance is twofold. Voter clout is determined on a weighted basis (how many BSQ tokens you own) and on merit (your reputation on the network). Voting based on token count is a red flag for many — it’s one of the reasons people look at EOS’ block producer elections as a pay-for-play playground, for instance. When asked if he felt that a stake-based voting model might enable vote buying and give the 1 percent an opportunity to out-influence the other 99, Jain noted optimism around the intentions of stakeholders.“[To vote you must] allot a certain amount of the BSQ you own for your voting weight,” he said. “You must own this BSQ, and yes, you can buy as much of it as you want on the open market. We think that's fair. Presumably, assuming no bad intentions, someone with a lot of money who really believes in the Bisq network may want to buy a lot of BSQ to have a big influence in its decisions.”He continued to qualify that merit “is worth more than pure stake weight.” Basically, someone who contributes to the network has more of a say in voting than someone who bought their tokens; if I earn 10,000 BSQ tokens, for example, even if I sell them, my vote holds more clout than someone who bought 10,000 BSQ on the market. Merit will decay on an annual basis, as well, meaning contributors have to keep working on the ecosystem to maintain or bolster their reputations.“Lastly, the merits ‘stack,’ so if I have 10,000 BSQ of merit and 5,000 BSQ in my BSQ wallet, I can stake 5,000 BSQ for a combined voting weight of 15,000 BSQ,” Jain said.With this governance structure in place, Jain emphasized that one of the most significant — and exciting — differences with this version upgrade is that contributors can finally get paid for their work. This work, he continued, includes “growing liquidity, expanding to new markets and finally integrating SegWit.” Lightning Network integration is a bit further off, though, as it doesn’t fit well into Bisq’s complex architecture.Even as the DAO is launched and Bisq has achieved a greater degree of decentralization than before, Jain said that Bisq’s community is “focused on further decentralizing the network.” This means a new trading scheme which removes arbitrators from the multisignature process and replaces them with mediators “for a more private, quick and decentralized trading experience where less trust is required.”Ultimately, he concluded, the idea and final goal is that “users shouldn’t have to trust Bisq for anything.” This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Five Years in the Making, Bisq Exchange Launches Its Bitcoins DAO

Decentralized autonomous organizations (DAOs) are one of crypto's more novel and ambitious applications — one that Bitcoin, until recently, has had nothing to do with.In practice, they're a bit younger than Bitcoin forks and older than smart contract-focused blockchains. The idea is that you can devise a decentralized governance system using the blockchain's cryptographic controls — rule of code, so to speak. Using tokenomics and technical schemes, the DAO affects certain laws over its participants, incentivizes them to play by the rules and encourages the community to hold itself accountable.Dan Larimer's BitShares, with its delegated proof-of-stake consensus mechanism, was the first DAO, followed by Dash. Since these trailblazers went live, DAO endeavors have become dominated by the Ethereum ecosystem, including, most notably, the eponymous and disastrous The DAO — best known for forfeiting millions in ether to the void after an incompetent coder unwittingly deleted a wallet library — and Maker, among others.Perhaps because of Bitcoin’s limited scripting language and, conversely, Ethereum’s rich scripting language, Ethereum has been the frontrunner for popular DAOs in recent memory, while one has never launched on the Bitcoin blockchain.Until now, that is.Bisq Gets an UpgradeBisq, one of the Bitcoin community’s only truly decentralized exchanges, introduced version 1.0 of its software this week. Along with other ancillary upgrades, the release dropped a bombshell by furnishing Bitcoin with its first DAO.“Bisq's DAO, launched on Monday, April 15, is (to my knowledge) the only attempt of its kind to decentralize a project's management and funding to the extent it does,” Steve Jain, a Bisq contributor, told Bitcoin Magazine.With its intention to migrate toward distributed governance, Bisq will strive for an even greater degree of decentralization than it already features. Its software operates on Tor, and each user must run their own separate instance of the program (akin to running a node on a much smaller scale) to access the exchange, making it completely peer-to-peer.The privacy-minded exchange offers a rare, KYC-resistant fiat ramp for bitcoin trading, allowing users to facilitate fiat exchange with payment apps, bank wires and even hard cash swaps, like LocalBitcoins offers. With each trade, bitcoin is locked away in multi-signature contracts, requiring arbitrators to resolve any conflicts should a dispute arise in a trade.Jain said that this version upgrade was a long time coming.“The DAO was intended to be a part of Bisq from the day it was first conceived in 2014,” he revealed, adding that this launch has been in the works for five years — meaning that its development predates even the infamous Ethereum DAO. Now that it’s live, he believes that the program has realized an even truer version of itself, one that separates it from the pack.“From this standpoint, Bisq is a totally different beast —in terms of software and governance — than any other exchange,” he claimed.How the DAO WorksBisq’s governance will revolve around a token, but speculators need not apply — the project isn’t launching an ICO. Instead, each BSQ token will be minted through a process known as coloring.Colored coins, so-called because they are distinguished from regular coins on the blockchain, are simply satoshis marked for a specific use case. To create tokens for Bisq, for example, users submit satoshis to the DAO, which are then “painted over” to represent BSQ. These tokens give users the ability to participate in the Bisq DAO.This participation can take many forms. For traders on the platform, BSQ will give them trading discounts, not unlike BNB coin for Binance users, but this token’s use case is more dynamic than that. Contributors, for instance, can submit a compensation request to the network for payment in BSQ after finishing a project for the DAO. The community then votes on whether or not compensation should be awarded, and the developer submits satoshis to mint the colored BSQ tokens.More than just developers, DAO contributors could be designers, support staff, social media managers or writers. These contributors can also stake BSQ in a bond to fill a high-trust position in the DAO, like a back end engineer, copywriter or social media representative. If these de facto employees are caught slacking off or acting up, the community can confiscate their stakes as punishment.“It's a dynamic system of stakeholders acting in their own best interests … And notably, there are no gatekeepers to manage it all,” Jain said. “BSQ is bought on the open market, and it's issued by collective stakeholder voting. Personal vendettas, bank tantrums, government policies, company rules … none of these things can get in the way of someone doing work and getting paid for it.”To start, 3,657,480 BSQ has been minted to compensate a team of more than 200 contributors for their five years of labor to get Bisq and its nascent DAO up and running. Going forward, Jain told us that new BSQ will be put into circulation every month to fulfill compensation requests. Any BSQ used for trading fees, on the other hand, will be burned and taken out of supply entirely.Should I Trust the Government?For some, the DAO’s attempt to realize cohesive-yet-anarchic governance is utopian at best and foolhardy at worst. Critics point to Ethereum’s DAO and the ensuing hard fork as a bailout of sorts — the crypto equivalent of the windfalls Washington bestowed on Wall Street during the Great Recession.Other criticisms point to the notion that incentives aren’t powerful enough to keep bad actors in line, or that governance systems, depending on structure, give these bad actors mechanisms to game the system and circumvent checks and balances.Bisq’s own governance is twofold. Voter clout is determined on a weighted basis (how many BSQ tokens you own) or merit (your reputation on the network). Voting based on token count is a red flag for many — it’s one of the reasons people look at EOS’ block producer elections as a pay-for-play playground, for instance. When asked if he felt that a stake-based voting model might enable vote buying and give the 1 percent an opportunity to out-influence the other 99, Jain noted optimism around the intentions of stakeholders.“[To vote you must] allot a certain amount of the BSQ you own for your voting weight,” he said. “You must own this BSQ, and yes, you can buy as much of it as you want on the open market. We think that's fair. Presumably, assuming no bad intentions, someone with a lot of money who really believes in the Bisq network may want to buy a lot of BSQ to have a big influence in its decisions.”He continued to qualify that merit “is worth more than pure stake weight.” Basically, someone who contributes to the network has more of a say in voting than someone who bought their tokens; if I earn 10,000 BSQ tokens, for example, even if I sell them, my vote holds more clout than someone who bought 10,000 BSQ on the market. Merit will decay on an annual basis, as well, meaning contributors have to keep working on the ecosystem to maintain or bolster their reputations.“Lastly, the merits ‘stack,’ so if I have 10,000 BSQ of merit and 5,000 BSQ in my BSQ wallet, I can stake 5,000 BSQ for a combined voting weight of 15,000 BSQ,” Jain said.With this governance structure in place, Jain emphasized that one of the most significant — and exciting — differences with this version upgrade is that contributors can finally get paid for their work. This work, he continued, includes “growing liquidity, expanding to new markets and finally integrating SegWit.” Lightning Network integration is a bit further off, though, as it doesn’t fit well into Bisq’s complex architecture.Even as the DAO is launched and Bisq has achieved a greater degree of decentralization than before, Jain said that Bisq’s community is “focused on further decentralizing the network.” This means a new trading scheme which removes arbitrators from the multisignature process and replaces them with mediators “for a more private, quick and decentralized trading experience where less trust is required.”Ultimately, he concluded, the idea and final goal is that “users shouldn’t have to trust Bisq for anything.” This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

Decentralized bitcoin exchange Bisq provides final updates before DAO goes live

CryptoNinjas Bisq, the decentralized bitcoin and cryptocurrency exchange, today provided some much-needed enhancements to the application before the Bisq DAO goes live on mainnet. The Bisq DAO will enable value transfer from traders to contributors. The BSQ token makes this possible in a decentralized... Decentralized bitcoin exchange Bisq provides final updates before DAO goes live
CryptoNinjas

Decentralized bitcoin exchange Bisq releases major upgrade

Decentralized exchange Bisq has rolled out a batch of new upgrades for its platform including a twofold increase in trade limits for altcoins, bringing the new trading limit to 2 BTC. According to Bisq, this new release... Source
CryptoNinjas

Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance

Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance Decentralized cryptocurrency exchange Bisq has upgraded its open source software. The revamped platform includes a new user interface in addition to marking the launch of the Bisq Decentralized Autonomous Organization (DAO) on testnet. Bisq Launches Decentralized Autonomous Organization on Testnet The latest version… The post Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance appeared first on Altcoin Today.
Altcoin Today

Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance

Decentralized cryptocurrency exchange Bisq has upgraded its open source software. The revamped platform includes a new user interface in addition to marking the launch of the Bisq Decentralized Autonomous Organization (DAO) on testnet. Also Read: Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy Bisq Launches Decentralized Autonomous Organization on Testnet The latest version of Bisq’s software, v0.9, has seen the decentralized exchange launch its DAO on testnet. The upgrade will allow Bisq users to experiment with the DAO. The software is designed so as to facilitate rewarding developers who contribute to the project in the form of the platform’s native token (BSQ) without centralized administration. BSQ tokens are layered on top of the BTC blockchain as colored coins. Since launching in 2014, Bisq has received more than 25 BTC in donations which were used to back the creation of 2.5 million BSQ tokens. The first batch of tokens is planned to be distributed among the project’s 144 earliest developers and contributors. When the DAO launches on mainnet, the platform’s users will be able to vote on prospective contributions and upgrades to the protocol, receive compensation for development, and pay for trading fees in the form of BSQ rather than BTC. Developers Hope DAO Will Solve Problems of Centralized Governance Bisq’s current developers have described the DAO as a means through which to decentralize the operation of the exchange. Currently, Bisq’s website asserts that the platform’s “technology is fully decentralized, but its governance is not.” The documentation highlights a number of shortcomings with the current governance model in which “the project founders” carry out “most maintenance, operation, and administration duties,” in addition to making “virtually all major decisions.” This model, the website asserts, “does not scale; project founder have become bottlenecks incapable of addressing all user needs,” and introduces “censorship risk” as a result of operational responsibilities being “centralized in a small group of people.” According to Bisq’s website, the model of token distribution employed by the DAO establishes the Bisq DAO as a “meritocracy” in which “those who have contributed the most value to the project in the past are those who have the most say over its future.” Do you prefer to trade using decentralized or centralized exchanges? Share your thoughts in the comments section below! Images courtesy of Shutterstock. At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance appeared first on Bitcoin News.
Bitcoin News

Decentralized Bitcoin Exchange Bisq Has a New UI and DAO

Decentralized exchange Bisq has upgraded its software with an entirely new User Interface (UI) design and the launch of the Bisq Decentralized Autonomous Organization (DAO) on testnet.With the release of the latest update (v0.9), users can finally take the Bisq DAO for a spin, a software design that will reward contributors that work on the project, without oversight from a central authority. This compensation will be done with the project's token called BSQ.How Bisq WorksBisq is a decentralized cryptocurrency exchange platform that allows users to trade bitcoins in exchange for fiat currencies and other crypto assets. Bisq operates on a global P2P network, allowing traders to transact with one another without the need for a third-party or monitoring authority. The project was developed as a means of providing traders in the crypto market with a private, secure and censorship-free means of exchanging cryptocurrencies, using bitcoin as a base for exchange with national currencies and other crypto assets.As Bisq is an open-source software, you can download, install and configure it to your liking; this involves adding your payment method. Configuring Bisq is expected to be fast as it doesn't require know-your-customer (KYC) documentation, which is one of its selling points. Once the application is up and running, you can look through the offer book for existing offers to trade bitcoin.EscrowTo keep funds secure for both the buyer and seller, Bisq implemented an escrow, which is basically where security deposits and trading funds from the traders are held in a 2-of-3 multi-signature escrow. Traders hold custody of a key each, while an arbitrator holds the third key. Bisq uses a decentralized human arbitration system to resolve trade disputes. Arbitrators are anonymous users, who are trusted due to the large bonds deposited into the network and they are randomly assigned to dispute cases by the protocol.Bisq DAO and the BSQHaving decentralized the resources that run Bisq, the developers want to use its DAO — which is now live on testnet — to decentralize how it's managed. The DAO, which will determine the strategy, management and operations of the project, uses the BSQ token to reward contributors maintaining it.The tokens are layered on top of Bitcoin's blockchain as colored coins, a concept that shows that a small portion of bitcoin represents another value other than bitcoin. When its rolled out on mainnet, users will be able to utilize BSQ to pay for Bisq trading fees, vote on future contributions to the project and get compensation for contributions.Over 25 bitcoins have been donated to the project since it launched in 2014; these were used to create 2.5 million BSQ tokens. The first BSQ batch will be distributed to the first set of contributors who have worked on the project over the years, according to the project's documentation. By doing this, the project is placing a portion of the software's future in the hands of those who have brought it this far.“BSQ tokens are used to vote on and make decisions about the Bisq DAO itself, and by initially distributing BSQ to past contributors, we intentionally establish the Bisq DAO as a meritocracy in which those who have contributed the most value to the project in the past are those who have the most say over its future.”New BSQ tokens will be issued every time a contributor submits a compensation request for BSQ. Those tokens will then be destroyed when they are spent to offset trading fees by users. So, while earning BSQ through compensation increases its supply, spending them as trading fees, decreases their total supply. Users can also exchange their BTC for BSQ on the Bisq platform.The project's contributors will release the DAO on mainnet along with the project's v1.0 release in 2019. This article originally appeared on Bitcoin Magazine.
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Bitcoin Law Review - Blockstack's Reg A+, CFTC vs Bitmex, Gov't vs Libra/Crypto

https://ToneVays.com by @ToneVays https://twitter.com/ToneVays Topic 1: Reg A+ & Blockstack https://www.sec.gov/Archives/edgar/data/1719379/000110465919020748/a18-15736_1ex1a15addexhbd6.htm https://www.theblockcrypto.com/2019/07/12/blockstack-garners-reg-a-approval-but-that-doesnt-mean-crypto-icos-will-boom/ Leads into Topic 1a on Broker-Dealers & Custody https://twitter.com/philipliu/status/1149907881061302272?s=12 https://www.sec.gov/news/public-statement/joint-staff-statement-broker-dealer-custody-digital-asset-securities https://bitcoinmagazine.com/articles/op-ed-latest-finra-sec-security-token-custody-rules Topic 2: Government vs Libra/Crypto https://twitter.com/realDonaldTrump/status/1149472282584072192?s=09 https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://www.cnbc.com/2019/07/18/mnuchin-says-us-will-ensure-bitcoin-doesnt-become-like-anonymous.html https://www.cnbc.com/2019/07/18/first-on-cnbc-cnbc-transcript-treasury-secretary-steven-mnuchin-speaks-with-cnbcs-squawk-box-today.html https://brianoflondon.me/2019/07/facebook-lied-about-the-cryptocurrency-industry-to-destroy-it/ https://www.youtube.com/watch?v=9-ZTkCNW0w8 https://www.cnbc.com/2019/07/16/i-like-bitcoin-says-house-gop-leader-mccarthy-hits-facebook-libra.html Topic 3: Crypto Exchanges https://www.bloomberg.com/news/articles/2019-07-19/u-s-regulator-probing-crypto-exchange-bitmex-over-client-trades https://twitter.com/notsofast/status/1151864421414838274?s=21 https://www.coindesk.com/ex-ceo-of-crypto-exchange-wex-arrested-in-italy https://www.coindesk.com/mt-gox-founder-hit-with-lawsuit-over-alleged-fraudulent-misrepresentation https://www.scribd.com/document/414569311/Steinmetz-Jones-v-s-McCaleb#from_embed https://www.thedailybeast.com/behind-the-biggest-bitcoin-heist-in-history-inside-the-implosion-of-mt-gox?ref=scroll Topic 3a - Update on Bitfinex vs NYAG https://ambcrypto.com/new-york-ags-court-filings-written-in-bad-faith-and-riddled-with-false-assertions-says-bitfinexs-rebuttal/ https://www.coindesk.com/bitfinex-ny-prosecutors-tether-850-million-allege https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=vIexA1b0spKOnK_PLUS_ZUGTJ3A==&system=prod https://breakermag.com/crypto-capital-is-the-common-thread-between-bitfinex-quadrigacx-and-other-troubled-exchanges/ https://decrypt.co/6824/crypto-capital-follow-up-article Topic 4: Crypto & Taxes (Time Permitting) https://www.carltonfields.com/insights/publications/2019/how-state-remote-sales-and-use-tax-statutes-may-im https://twitter.com/cryptotaxgirl/status/1148370522775797760?s=21 Topic 5: Other - Time Permitting https://www.journalofaccountancy.com/news/2019/jun/virtual-currency-not-fbar-reportable-201921479.html https://www.justice.gov/usao-sdny/pr/us-attorney-announces-arrest-and-money-laundering-charges-against-dark-web-narcotics https://cryptoslate.com/chinese-court-upholds-legal-bitcoin-ownership-btc-protected-china-property-law/ Closing Moment of Zen: https://twitter.com/Horsebox_1/status/1117955111219867648 Honorable Mention: https://www.sec.gov/corpfin/framework-investment-contract-analysis-digital-assets Please Support via Affiliate Codes: Unlimited Trading for $9 a Month at LVL: https://lvl.co/?r=kDpHhBmS Deribit to save 10% on Trading: https://www.deribit.com/reg-3221.4686 Buy/Sell Bitcoin at Paxful: https://paxful.com/?r=or4dNEDBBQX Trading View: http://tradingview.go2cloud.org/aff_c?offer_id=2&aff_id=4905&url_id=3 TorGuard VPN 50% off code & link = tone50: https://torguard.net/aff.php?aff=3782 Ugly's Lifetime Subscription: https://uglyoldgoat.com/?rid=4xyuzu Audio Podcast: https://itunes.apple.com/us/podcast/the-tone-vays-podcast/id1390209454?mt=2 See Regulation overview in each state here: https://www.carltonfields.com/state-regulations-on-virtual-currency-and-blockchain-technologies/ Tone Vays is available for Corporate Consulting at the rate of 0.3 btc per hour. Please email Tone@protonmail.ch for additional info.
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Reminder: Bakkt is Launching Bitcoin Futures in the Coming Day

Bakkt is Finally Here That’s right, Bakkt is finally here. After months upon months of deliberation, hype, and odd regulatory setbacks, the cryptocurrency venture that has been backed by the New York Stock Exchange, Microsoft, and Starbucks is launching. Starting Monday, July 22nd, the exchange will be testing physically delivered Bitcoin futures, which will be one of the first product of its kind to be regulated in U.S. markets. It is currently unclear who will be testing the product, or in which way the contract and custody solution will be tested. But, this development marks a huge step in the right direction for the cryptocurrency market. Bakkt confirmed the launch date for its testing period at a recent summit that was held in the New York Stock Exchange, whose chief executive is wed to the head of Bakkt. Per first-hand recounts of those in attendance, the cryptocurrency startup has also confirmed that it will be fully launching its Bitcoin futures product by the end of Q3, should nothing go wrong during testing of course. A Catalyst for Bitcoin & Crypto Growth In a recent Fundstrat Global Advisors research note posted to Twitter, Sam Doctor of the market research firm explained his thoughts on the conference. Citing the buzz being emanated by the over 150 investors and institutions in attendance, Doctor argues that there is “institutional anticipation” for the exchange’s Bitcoin futures. He expounded: “As we have written before, Bakkt tackles many of the barriers to adoption for traditional investors seeking to expand their mandate to include crypto.” Doctor adds that “appears to be a critical mass of adopters ready to come on board on Day 1 of the Bakkt launch”, noting that the firm’s sales team is starting to ramp up discussions with everyone from brokers and market makers. He thus confirms that should the hype translate into actual investment, the long-expected launch of the Bitcoin product, which will give many institutions their first taste of so-called “physical” BTC, could be a “huge” catalyst for the growth of this already budding market. Institutions Are Buzzing Per Placeholder’s Chris Burniske, the venture capitalist author of industry primer “Crypto Asset”, the overall feel of the room was rather bullish. He wrote the following, making the case that Wall Street has its eye on the cryptocurrency space once again. All in all, the @Bakkt event signals great things for #bitcoin and #crypto at large, even if I did miss some of the funk of OG days.— Chris Burniske (@cburniske) July 18, 2019 Title Image Courtesy of Samson Creative Via Unsplash The post Reminder: Bakkt is Launching Bitcoin Futures in the Coming Day appeared first on Ethereum World News.
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