DEX news

World latest news

Why a Binance DEX could be a game changer

With the imminent launch of the Binance DEX testnet, Binance aims to strengthen its position as the number one exchange in crypto. But there’s controversy around the level of control Binance will have over its DEX and the true meaning of decentralization.
BraveNewCoin

OKEx Launches Own Blockchain (OKExChain) and Decentralized Exchange (OKDEx DEX)

The major cryptocurrency exchange OKEx has recently announced that it is launching its new blockchain platform and decentralized exchange (DEX). The new blockchain will be called OKExChain and the decentralized platform OKDEx. OKEx Announces New Products OKEx is one of the largest crypto platforms in the market. In a recent blog post, the firm informed […]
Bitcoin Exchange Guide

OKEx Exchange Hits Big Update to launch its Own Blockchain and First DEX

Major cryptocurrency exchange, OKEx has announced the launch of its own blockchain and first Decentralized exchange. Accordingly, its own blockchain will be called as OKExChain and DEX as OKDEx. Being as the third largest trading platform, OKEx held an average market cap of $811,634,920 which is up with almost 27 percent during the last 24 hours. The exchange keeps appearing on bulletins since past few months such as the listing of new tokens, derivative market, launching of IEO (OKJumpstart) and so on. Source: Coinmarketcap.com OKEx Launching OKChain and OKDEx However, with increasing interest towards OKEx’s trading platform, the platform broke out a few big updates on its medium blog. Accordingly, the exchange took to Twitter and excites users with the announcement stating; Per the blog, the exchange has released the following updates; • Launching of its own Blockchain – OKChain • Launching of its first Decentralized exchange – OKDEx • OKB token will be put into ERC-20 blockchain and then migrated to OKChain mainnet (when OKChain becomes completely ready) • The release of 700 million OKB tokens will be delayed from 2020 – 2022 • Happy Friday distribution rule of OKB token will be optimized from March 22, 2019 • OKB token will be the sole crypto token used in OK Jumpstart, a Token generation platform launched by OKEx exchange Much Similar To Binance Exchange So, it looks like OKEx exchange is following quite similar steps that Binance exchange has implemented so far. Subsequently, OKEX’s OKB token, OKChain, OKDEx and OKJumpstart looks more like Binance’s BNB token, Binance chain, Binance DEX, and Binance launchpad. The announcement reads that Our Operations Team was secretly developing a blockchain of our own — the OKChain, the blog noted. Currently, the OKChain is at the final development stage and we expect to launch it on a testnet in June 2019. In an announcement, OKEx reveals that the native blockchain, OKChain is still in development phase and once the blockchain becomes ready, its native OKB token will be migrated to OKChain mainnet from ERC 20 blockchain. As such, OKB token will be further used in its upcoming DEX exchange to settle the transactions. We will launch OKEx’s first decentralized exchange (DEX) on OKChain and open the supernodes election for the blockchain. With OKB, one can vote for his favorite super node candidate and settle transaction fees on OKDEx. OKB will also be used for token pre-sales, and project teams will need to pay super nodes OKB as service fee in the future. Furthermore, OKJumstrart (Platform’s initial exchange offering (IEO) for blockchain projects) will be continued with OKB as a native token. For those who don’t know, OKJumpstart is an initiative by OKEx exchange (recently launched) to help crypto startup launched their project and raise money with the help of OKEx supported system. To note, the initiative is just like Binance’s launchpad. Concerning OKB token on OKJumpstart, announcement adds that; OKJumpstart is dedicated to helping potential startups. We value quality over quantity. We are already engaged in conversations with project teams around the world. Soon, we will announce the very first jumpstart project and open sale to OKEx users who meet our KYC requirements and hold OKB. The post OKEx Exchange Hits Big Update to launch its Own Blockchain and First DEX appeared first on Coingape.
CoinGape

LATOKEN Introduces its Own DEX

LATOKEN has released a beta version of LADEX – an open source, fully decentralized peer-to-peer exchange which is cheaper and faster than all other players in the market. LADEX aims to eliminate the custody problem in asset trading, making it as fast and convenient as the centralized analogs. Quadriga Case Will Not Rrepeat There is a significant advantage of decentralized exchanges when comparing them to centralized ones – they do not control your funds. Once you integrate your DEX wallet with JSON Keystore or Metamask, the only thing visible is your wallet address. No one can run away with your funds or reject your trades as they are regulated by smart contract and all transactions are added directly to the blockchain.   Infographic from Altcoin.io Decentralized exchanges are more ideologically suitable for the blockchain world and the future seems to be on their side to their safety and privacy features. Even though the advantages of decentralized exchanges are quite obvious, 99% of trades are nowadays processed on centralized exchanges. Why? Decentralized exchanges are usually not as user-friendly as centralized ones and their liquidity is considerably lower. The one DEX which will combine itself high liquidity, simple interface and some typical characteristics of decentralized exchanges as safety guaranteed by smart contract and anonymity will probably conquer market attracting masses of traders. A Faster and Cheaper Ethereum DEX There are several indicators to measure a decentralized exchanges. The first one is TPS – the amount of transactions per second processed by the exchange. This amount is limited by blockchain capabilities. According to recent stats, each block in the Ethereum allocates approximately 8mln GAS which is used by transactions. IDEX — today’s biggest DEX — uses 130K GAS for each trade, making it impossible for it to execute more that 60 trades per block (4 TPS). With some protocol optimizations, LADEX uses 40% less to nearly 90K GAS per trade, which increases significantly to 6 TPS. The speed (TPS) is also extremely important for security tokens which are required to bring equities from traditional markets to the blockchain exchange. Considering this reasons there is KYC to pass for using LADEX. This helps LADEX to solve custody problem (together with levelling up the TPS level) and gives the liquidity to assets listed on exchange.   Screenshot from LADEX interface This feature (TPS) is important for users not only due to transactions speed, but also because of transaction costs. LADEX will lower the GAS level to 60K GAS for one transaction.   Another performance indicator for decentralized exchanges is the commission. LADEX will charge only 0.1% per trade for transactions over $50 from maker and taker, while IDEX withdraws 0.1% from maker and 0.2% from taker. The third thing to take in account is withdrawal time. LADEX’s smart contract was built to guarantee that any user can get funds in 24 blocks (5-6 minutes approximately). That is considerably less than the 100K blocks needed by the IDEX contract. They have even set manual withdrawal process to do it faster…   Future developments There are great plans in place for the development of LADEX. According to its roadmap, GAS price will be reduced to 60K per transaction within the next six month. During this period, algorithmic trading will also be enabled within LADEX. There is more. LADEX 2.0  will be free of exchange commissions and the TPS rate is expected to reach 1000. The post LATOKEN Introduces its Own DEX appeared first on Bitcoin Chaser.
Bitcoin Chaser

Borderless From Block Collider Is a High-Speed DEX That Unites 5 Blockchains

Borderless isn’t like other decentralized exchanges (DEXs). For one thing, it comes with its own blockchain – or rather the Block Collider chain comes with its own DEX. Throw in the ability to perform cross-chain transfers, block times that are 3x faster than Ethereum and no limits on order size, and Borderless would appear to be markedly different from the competition. News.Bitcoin.com was given a walkthrough of the new DEX, which is due to go live in the next few weeks. Also read: Nash Is a Decentralized Exchange for Cross-Chain Trading With Fiat Integration Welcome to the Multiverse To understand Borderless, it’s necessary to know a little about Block Collider. The project, whose ICO hit its $7M cap in minutes last April (with over $500M pledged) is now operational, with its Multiverse block explorer showing the network’s current state of play. In addition to the shooting stars that occasionally whizz across the screen, there’s a few other peculiarities to the Block Collider network and its Multiverse explorer, whose defining feature is its interoperability. 2019 will see a string of blockchain projects come onstream that promise to eliminate the “walled garden” effect that renders networks incapable of communicating with one another. Cosmos, Polkadot and Block Collider are leading the movement for cross-chain play. Block Collider’s solution is to create a blockchain whose mining algorithm consumes blocks from other blockchains as part of its mining computational challenge. Its website explains: “Miners who submit a bad block as their proof of work will be rejected by other miners and won’t get the block reward. As the difficulty rises, the same incentive framework that strengthens the Bitcoin blockchain will reinforce alignment with miners of the Block Collider.” The project has launched with five blockchains initially – BTC, ETH, WAVES, LISK and NEO – with an unnamed sixth to be added later. Block Collider essentially enables smart contracts on separate networks to talk to one another, which has a number of significant applications, not least when it comes to decentralized token trading. How Borderless Works Borderless by Block Collider is a high-speed DEX that strives for a higher degree of decentralization than, say, Binance DEX. That’s because Borderless doesn’t have validators or centralized oracles to act as gatekeepers. Binance DEX, in comparison, has 11 validators all controlled by the exchange itself. Borderless, which is weeks away from full public release, enables cross-chain transfers between Bitcoin Core, Ethereum, NEO, Lisk, and Waves, has a simple UI that’s easy to use, and no restrictions on order size or trading volume. News.Bitcoin.com caught up with Block Collider co-founder Arjun Raj Jain to learn more about how Borderless works and observe a platform walkthrough. “You simply download the application for either Windows, Mac or Unix,” began Jain. “Then you upload your wallet, but nothing is being stored or sent to a centralized server. When you are uploading your wallet, what you’re doing is just encrypting it locally, so that anytime you then submit a transaction, you don’t have to type in your private key.” Like Nash, Borderless creates a mnemonic phrase upon setup that can be used for wallet recovery. Visually, Borderless looks much like a conventional exchange, with an order book that displays buy and sell orders and market depth. There are some additional settings that are unique to Borderless, however, such as the ability to set the maximum amount of collateral for the trade, which is denominated in NRG, the native currency used to reward miners; the project also has a second currency, emblems. “Emblems allow miners to increase their block size, hence earn more energy, the more emblems that they hold,” said Jain. “So you can think of it as a hedge against your decaying hardware. And it also serves the purpose of the whole debate that Bitcoin maximalists have on what the block size should be, right? So instead of having a fixed size, we thought it would be a lot more interesting to instead have a dynamic block size that is controlled by emblems.” A Blockchain to Control Blockchains To verify the state of each blockchain within the Block Collider network, without reliance on some sort of central entity to oversee matters, Jain explained, “we actually bake that into the proof of work algorithm that the miners are doing where anytime any of the underlying blockchains issues a block, the task of the miners is basically to find a hash that is closest to that. This permits you to be the miner that can release that block, so it’s kind of the same brute force mechanism that Bitcoin miners have to do for proof of work to find a hash that ends in a certain amount of zeros.” He continued: So by combining a proof of work, and then having this capacity to also verify the state of each blockchain, you now have a completely decentralized mechanism to actually know the state of all these blockchains out there. Jain then proceeded to run through the process of placing an order on Borderless exchange, describing settings such as specifying the minimum order fill amount, which could be set at, for example, half of the total order. It’s also possible to specify the amount of time the order should be live for. Should it fail to fill in that time, it will auto cancel and the NRG will be returned to the trader. Borderless is now available to download and trial in safe mode, so users can familiarize themselves with the system, ahead of the exchange going live for trading. When it does, Borderless will face competition from several other DEXs due to launch soon including Binance DEX and Nash, which was also previewed this week by news.Bitcoin.com. What are your thoughts on Block Collider’s new DEX and the other decentralized exchanges on the verge of launching? Let us know in the comments section below. Images courtesy of Shutterstock. Disclaimer: Bitcoin.com does not endorse nor support this product/service. Readers should do their own due diligence before taking any actions related to the mentioned company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. The post Borderless From Block Collider Is a High-Speed DEX That Unites 5 Blockchains appeared first on Bitcoin News.
Bitcoin News
More news sources

DEX news by Finrazor

HIGHLIGHT

Binance Launches Testnet of Decentralized Exchange

The world’s largest cryptocurrency exchange, Binance announced the launch of Binance DEX testnet. Binance DEX is said to be secure and scalable – with a block interval of one second. User account registration is now open. Testnet went live on Wednesday morning, 20 February 2019

Read more
OPINION

Why Do We Need to Wrap Bitcoin?

BitGo, Kyber Network, MakerDAO, IDEX and many other crypto companies partnered to create a Bitcoin-backed Ethereum token, Wrapped Bitcoin. This token will represent BTC, 1 token equal to 1 BTC stored in the custody of BitGo. It could be used to trade BTC on DEXes, the whole administration will be via DAO, similar to Maker system

Read more

Trending

Hot news

Hot world news

Crypto Exchanges Under Fire: DragonEx Hacked, Coinbene Undergoes Sudden Maintenance

Singapore Exchange Loses A Mass Of Crypto Exchanges haven’t had the best start to 2019. Sure, Binance has been doing A-OK with its initial exchange offering (IEO) model, with its resident token rallying past $17, but lesser-known crypto platforms have been suffering. Earlier this year, QuadrigaCX was revealed to have ‘lost’ access to over $150 million worth of Bitcoin, Ethereum, and other assets, as Cryptopia suffered a devastating hack. This facet of the industry’s misfortune has continued, unfortunately enough. According to CoinDesk, DragonEx, a Singapore-based exchange, was hacked. The company announced this unfortunate happening via its Telegram channel, in which DragonEx’s PR staff claimed that funds of users and the platform itself were “transferred and stolen.” DragonEx has yet to divulge the exact details of the crypto assets stolen, including the type and the nominal value. However, the company did post the addresses of the assumed hackers, of which there were about 20 pertaining to a series of assets (Bitcoin, XEM, EOS, XRP, ETC, etc.). From a brief look, a minimum of 135 BTC, 500 Ether, and 4,670 LTC were forcibly yanked from the exchange’s coffers. This, for those who are wondering, racks up to ~$800,000. The full amount hacked, however, could easily be much higher than this sum. DragonEx has purportedly informed a number of local authorities, including those in Estonia, Thailand, Singapore, and Hong Kong, to the attack. Elaborating, the crypto startup wrote: “We’re assisting policemen to do investigation. All platform services will be closed and the accurate assets loss recovery situation will be announced in a week. It was added that the firm will “take the responsibility no matter what.” Coinbene Under Seige? This comes as Coinbene suddenly revealed it would be undergoing maintenance. A tweet from the company claims that it “upgraded the platform wallet… operations such as deposit and withdraw will be affected.” While this is a normal announcement for exchanges across the board, Coinbene’s session came straight out of left field, leading to ramping speculation. Nick Schteringard posted the below message in a bid to draw suspicion to the exchange’s Ethereum wallets, which sent out a mass of ERC-20 tokens yesterday. Some strange activity spotted on #Coinbene. Users report that #ETH wallets were hacked and attach these two addresses. https://t.co/f5NxvfscSC https://t.co/S1WnwI8CUx #bitcoin #exchange— Nick Schteringard (@schteringard) March 26, 2019 Coinbene’s ongoing imbroglio comes after Bitwise Asset Management, an American crypto-centric investment services provider, targeted the exchange in its scathing report on fake Bitcoin trading activity. As reported by Ethereum World News previously, Bitwise drew attention to “suspicious exchanges” such as the little-known CoinBene to back its report. CoinBene purportedly utilizes “trade printing” between the bid and ask prices, hinting that there could be an automated system behind much of the trades. Thus, some have concluded that this sudden period of maintenance could be the platform’s bid to rectify bots and other bad actors. Photo by Markus Spiske on Unsplash The post Crypto Exchanges Under Fire: DragonEx Hacked, Coinbene Undergoes Sudden Maintenance appeared first on Ethereum World News.
Ethereum World News

Japanese E-Commerce Giant, Rakuten, Gets Nod of Approval by FSA to Launch Crypto Exchange

Rakuten, the e-commerce giant and Japan's Amazon has completed the registration of its cryptocurrency exchange Rakuten Wallet that will be going live next month, as per the press release of the company on March 25. The official announcement reads: “We are pleased to announce that our registration with the Kanto Finance Bureau has been completed […]
Bitcoin Exchange Guide

$3.4M Huobi Prime Sale Shows Investor Enthusiasm Remains High

Huobi Prime successfully completed its first initial exchange offering (IEO) on Huobi Prime this afternoon. The sale concluded in a matter of seconds, and raised $3.4M – proving that investor enthusiasm for the new token sale format isn’t confined to Binance Launchpad. TOP Network, a blockchain-based messaging service, was the first project featured on the new platform. More than 1.5bn TOP tokens were sold, around 7.5% of the total supply. The token was made available for trading almost immediately, and at the time of writing was exchanging hands at a multiple of around four times the asking price. The sale comprised three funding rounds, each offering larger quantities at a slightly higher asking price than the last. Although each round was set to last 30 minutes, each round was heavily oversubscribed and finished within seconds of opening. The first round completed within seven seconds. Huobi only announced its new Prime feature last week, as Crypto Briefing reported. Unlike the first few sales on Binance Launchpad, which were open to the general public, Huobi requires eligible participants to hold 500 Huobi Tokens (HT) – used to purchase tokens – at least 30 days prior to the sale. As Ross Zhang, Huobi’s head of marketing said at the time, this was to ensure the exchange gave equal opportunities to investors who were “involved and invested in our ecosystem”. Binance announced Sunday that Launchpad sales would now feature a new lottery-based format to its token sales. Better Protections For Investors… Unless Conflicts Arise? What makes IEOs interesting is that they tweak the token sale model. Instead of direct transactions between investors and projects, the exchange itself forms the counter-party. Participants must register and create an account on the platform, and this requires them to first pass KYC/AML checks. It’s also within the best interests of exchanges to ensure sales are full compliance. It’s their necks on the line and this means they are likely to carefully vet projects first. As Huobi said in its initial announcement, tokens must first pass a “[r]igorous screening and selection processes to ensure only premium projects that have yet to be listed on any major exchange are included.” Binance upgraded its own KYC/AML procedures today. Other exchanges are also looking at the IEO model, and despite a failure to launch with their first effort, Bittrex is seeking to offer VeriBlock as its next attempt. The VeriBlock project, which counts Bittrex CEO Bill Shihara as an advisor, would be valued at over $200M if the sale is completed successfully. Bittrex includes a disclaimer on its website explaining that as a result of Shihara’s dual role, “Bittrex holds a customary minority equity position in an affiliate of the sponsor of the VBK Coin Initial Exchange Offering, and will indirectly benefit from the successful completion of the Initial Exchange Offering.” Whether this discourages investors remains to be seen. Few would have thought three months ago that sales such as BitTorrent (BTT), Celer Network (CELR) and now TOP Network would have been possible. KuCoin’s Spotlight platform will be hosting its first token sale next week. Is an IEO season upon us? The author is invested in digital assets, but none mentioned in this article. Join the conversation on Telegram and Twitter! The post $3.4M Huobi Prime Sale Shows Investor Enthusiasm Remains High appeared first on Crypto Briefing.
CryptoBriefing

Why the New ‘Apple Card’ Credit Card Doesn’t Compete With Bitcoin

The Apple credit card launches this summer. Here’s why it nothing like Bitcoin and is more underwhelming than a utility token with no use-case. Apple Announces Credit Card Apple has long been revered as the world’s most innovative company. There’s no denying that the smartphone changed the way billions of people around the world live their lives forever. But it’s time for the trailblazing tech company to wake up and smell the roses. While Apple was releasing one carbon-copy product after another at higher and higher prices, the competition was busy doing the opposite. Now the high-end, high-priced tech manufacturer is scrambling to hold its own in a rapidly evolving market. And with the launch of its underwhelming Apple Card, there’s something sad about the stench of its desperation. Apple Card vs Samsung’s Built-In Bitcoin Wallet Apple’s largest competitor apart from the slew of cheaper Chinese products is undoubtedly Samsung. The South Korean giant hasn’t had an easy ride either with equally pricey products getting undercut left and right. But as one large company embraces the future, its flagship Galaxy S10 coming with a built-in Bitcoin wallet, Apple’s response is disappointing, to say the least. Rather than acknowledge the cryptocurrency revolution, and appeal to a younger market, the smartphone manufacturer aims to ‘disrupt’ the credit card industry. Isn’t that the wrong pool to be swimming in? The revolution won’t come in the form of borderless transactions since it’s only available in the United States. It also won’t be peer-to-peer, eliminate centralized institutions, or greatly reduce fees. Although its interest rates will be: Among the lowest in the industry Mind. Blown. Apple’s game plan is more about additional security of payments, no annual or foreign transaction fees, and the fact that (wait for it) its partner Goldman Sachs will never sell your data for marketing. You can even buy yourself a coffee on the Goldman Sachs blockchain. You just have to trust Apple and Goldman Sachs to do so. It’s a Custodial Hardware Hot Wallet The Apple Card will come built into the iPhone’s Wallet App, which effectively makes it a custodial hardware hot wallet for USD. Apple claims they will never track your transactions, and all the information will be held on your device. Users can request a laser-etched titanium card, should they be so inclined, although, there seems to be little point in that. In fact, why even offer a traditional card for a wallet the company wants you to get rid of in the first place? If you’ve failed to be bowled over by so much innovation so far, there’s more. Users can track their spending on their phone through a user-friendly app. You Have to Trust Goldman Sachs In the wake of major gaffes by tech companies like Facebook and Google, Apple is pushing its next-generation security and privacy features. The centralized entity will not track your transactions and Goldman Sachs (the other centralized entity) has agreed not to sell user data. Explosive stuff compared to a decentralized alternative financial system which requires no intermediaries at all. Increased adoption of Apple Pay? Perhaps. A revolution in finance? It’s just as well Cook wasn’t speaking at a Bitcoin conference, the audience would have walked out in droves. Steve Jobs Would Have Had Bitcoin in iOS by Now Apple Card seems like a desperate bid to push Apply Pay onto the people rather than let them to choose how they manage their finances. CEO Tim Cook enthused that the card was: The most significant change in the credit card experience in 50 years. Exactly where has he been lately? Steve Jobs would have Bitcoin integrated into iOS by now.  The aim of the game is presumably to bump up the adoption of Apple Pay in partnership with market leaders MasterCard and Goldman Sachs. Two giant financial institutions that will hardly feel the pinch from Apple Pay and its meager card. There are no real tangible benefits for users of the card beyond a few outstandingly mundane offers. For example, paying for Apple products with your built-in Apple Card gets you a whopping 1-3% cash back on purchases. So what is Apple thinking entering an already saturated market that swathes of people are trying to overthrow? Once on the cutting-edge of innovation, Apple now seems to be extremely myopic when it comes to the future. What do you this of this new credit card? Will it undermine payment-focused cryptocurrencies with low fees? Share your thoughts below! Images via Shutterstock The post Why the New ‘Apple Card’ Credit Card Doesn’t Compete With Bitcoin appeared first on Bitcoinist.com.
Bitcoinist
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.