South Korean crypto exchange Bithumb, currently the world’s sixth largest by daily traded volume, will open a global decentralized crypto exchange, Business Korea reports Oct. 4.
Bithumb has partnered with blockchain firm One Root Network (RNT), which has developed an Ethereum (ETH)-based decentralized token transaction protocol dubbed “R1” and already operates a decentralized exchange (DEX). According to a joint press release, the protocol separates order matching and order execution, which RNT claims improves security and matching efficiency.
Decentralized platforms enable users to trade peer-to-peer via an automated system; as they do not store clients’ crypto, they are less vulnerable to thefts that target a centralized point of attack. They can, however, as Business Korea notes, offer relatively slower trading speeds than their centralized counterparts.
Business Korea cites a Bithumb official as saying that the partnership centers on technical support, clarifying that “Bithumb DEX will be operated by its overseas subsidiary. The company is working together with RNT only in the decentralized exchange sector.”
As RNT has outlined, its project aims to enable traffic holders such as Bithumb to build their own decentralized platforms, and share transaction data and liquidity with other R1 protocol users as part of a wider ecosystem.
Business Korea further cites an unnamed industry source as saying that the partnership represents a global expansion strategy by the Korean exchange:
“Bithumb is one of the leading global exchanges in terms of transactions but it is true that most of its users are Korean. The latest decision seems to be the company’s strategy to compete with other leading exchanges in the global market by opening a decentralized exchange that receives attention in the global market.”
Business Korea notes that rival Korean exchange Upbit has also made a foray into the DEX space through its investment in Allbit.
As reported in August, the world’s largest crypto trading platform Binance has released a simple demo of its own forthcoming decentralized exchange, without yet disclosing an expected launch date.
As of press time, Bithumb is seeing $336,761,580 in daily trades, according to data from CoinMarketCap.
Author: Cointelegraph By Marie Huillet
Source link
名瑿時尚美學: 名瑿醫美奉上最貼心的母親節禮物 給媽媽母親節禮物首選 名瑿時尚美學: 名瑿醫美奉上最貼心的母親節禮物 給媽媽母親節禮物首選
Antonio Conte is hopeful N’Golo Kante can return in time for Chelsea’s match against Roma on Tuesday night but believes Saturday’s clash with Bournemouth is too soon for the midfielder. Antonio Conte hopeful of having N’Golo Kante available for Tuesday’s Champions League clash with Roma
Manchester City have been doing a great impression of the 1970s Tartan Army over the past few seasons – making regular trips to Wembley with mixed results. Find out who we’re backing in the Capital One Cup final, Premier League and the rest of the weekend fixtures. Johnson worth a punt against old pals Man City plus Liverpool, Arsenal and the rest of the Premier League tips in the Betting Slip
Walsall will play at Wembley for the first time in their history after reaching the Johnstone’s Paints Trophy final after a 0-0 draw sealed a 2-0 aggregate win over Preston. Walsall off to Wembley as Dean Smith’s side book their place at England HQ for the first time in their 127-year history
Manual
I like the helpful info you provide in your posts. I will bookmark your page and check again here frequently. I’m quite sure I’ll learn many new stuff right here! Good luck for the next!
… [Trackback]
[…] Here you will find 14764 more Info to that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] Here you can find 61649 more Info to that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] There you will find 12097 more Info to that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] Find More to that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] Here you can find 41299 additional Information to that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] Find More to that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] There you will find 72094 additional Info to that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] Find More to that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] Info to that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] Here you will find 5285 more Info on that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]
… [Trackback]
[…] Read More on that Topic: tradingbtc.com/2018/10/04/major-korean-crypto-exchange-bithumb-to-launch-global-decentralized-platform/ […]