When a thing is denied, something new starts at a higher level. submitted by
The update and iteration of the currency circle takes only a few days.
On August 13, Yam, the token of a popular DeFi project, plummeted by 98%, while YFI, another DeFi cryptocurrency, outran the digital currency Bitcoin Gold by value under capital operation.
According to their familiarity with DeFi, blockchain investors in 2020 can be divided into two categories. The "New" investors are active in DEXs such as UniSwap and Balancer, striving for hundredfold returns on investment amid fake projects, while the "old" investors stick to mainstream cryptocurrencies and advocate value investment in the three major CEXs.
Despite its long history, DEX did not prosper until recently. It has processed transactions of over US$520 million in the past 24 hours, and the trading volume for the past week has exceeded the figure across 2019.
But still, many people are stranger to DEX. I. Will DEX shuffle the existing trading market?
Upon discovering something new, you can describe it, but never evaluate it superficially.
UniSwap occupies 55% of the entire DEX market. Celebrities in the circle enjoy discussing the changes brought by UniSwap on social media and how it will change the existing trading landscape.
On August 5, Jay, CEO of OKEX Exchange, publicly stated that "UniSwap can hardly replace the current mainstream exchanges." on Weibo.
He also listed two reasons:
- With insufficient transaction depth, UniSwap cannot support large transactions;
- UniSwap cannot set prices independently, but has to follow the prices set by other exchanges.
He also recognized UniSwap’s AMM model in the post.
Soon this post was criticized by Dovy, the founding partner of Primitive Ventures, to the effect that Jay had quite limited knowledge about DeFi and the reasons he proposed did not hold good.
She also mentioned the advantages of a new generation of DEX represented by UniSwap:
Traditional exchanges determine the price and market value according to a small number of chips in the market. By comparison, AMM relies on the entire LP pool to contribute liquidity, and a small number of chips will not lead to severe fluctuations in the price. The price follows the curve of the static liquidity pool within a time range, rather than the manually controlled order book. 2. Is UniSwap good enough to replace centralized exchanges?
Neither OK or Binance had expected that one day their arch rival was not each other, but the newly emerging decentralized exchanges.
With totally different operating methods and business models, DEX and CEX have their own merits.
CEX comes with evident problems. Ordinary users do not trust its security due to the rampant data cheating. For project developers, CEX requires high fees for token listing and maintenance.
The advantage of CEX lies in its low threshold and mature business model.
Just as Jay said, DEXs represented by UniSwap are still faced with great challenges posed by user habits. For example, UniSwap does not support limit orders or the candlestick chart, and users need to rely on a third-party Ethereum wallet for operation.
The innovative AMM model allows ordinary users and small market makers to get involved and earn market-making fees, reducing costs and improving liquidity.
According to the trading volume at this time, UniSwap may not be able to replace mainstream exchanges, but it is good enough to replace second and third-tier exchanges. 3. Is OneSwap an upgraded version or a copy of UniSwap?
"The success of UniSwap proves the necessity of the DEX that does not require permission and supports AMM in the market. However, UniSwap comes with two shortcomings. One is the lack of support for limit orders, which greatly restricts trading methods and liquidity; The other is the excessive transaction cost and poor transaction efficiency due to the limited processing capacity of Ethereum." - Yang Haipo
Recently, OneSwap, known as the upgraded version of UniSwap, announced that it will hit the market in early September, and has received an investment of US$10 million from CoinEX.
To develop an open-source centralized trading platform like OneSwap, it is easy to replicate the technique. But among so many Swap applications in the market, what advantages does OneSwap have over UniSwap? 1. Limit orders
Neither buyers or sellers of UniSwap can set prices independently; instead, they need to follow the prices set by other exchanges. If they want to buy tokens at a specific price, they have no choice but to wait till tokens at such a price appear in UniSwap, a waste of time.
Continuing the good practices of centralized exchanges, OneSwap supports the traditional order book based on rapid exchange, offering more flexible trading methods and further enhancing the liquidity of digital assets. 2. The candlestick chart and depth map
Without an order book, UniSwap has been criticized for its simple transaction interface which does not even contain the basic candlestick chart. As a result, it cannot satisfy numerous traders’ demand for data analysis.
UniSwap’s AMM model is believed to be a vital catalyst for its explosive growth. With an additional incentive mechanism of transaction mining besides liquidity mining, OneSwap leaves more core benefits to its users.
OneSwap will charge the Taker a fixed percentage of transaction fees based on the transaction amount, while the Maker does not need to pay. The transaction fees are divided into two parts: 60% for liquidity and 40% for the repurchase and burning of ONES. In transaction mining, both liquidity providers and traders will receive ONES as an economic incentive. The market is looking forward to a new product that is as user-friendly as CEX and as safe as DEX. Is OneSwap qualified to meet such demands?
In addition to investigating the current mining situation of Bitcoin mining machines, CCTV reporters also rushed to Inner Mongolia to explore the operating status of large mines. 2019-technological revolution and crypto scams. In 2019, publicizing blockchain technology and being wary of cryptocurrency scams once again became the main line of CCTV reports. On February 13, 2019, on the CCTV-2 ... Bitcoin Investment News . July 14 2020: Coin Bitcoin add a new bitcoin payment proof, Invest 0.01 btc return 1 btc aftter 1 day. July 12 2020: Electrum, one of the most popular Bitcoin wallets, supports Lightning Network payments,Bitcoin Mutual Fund min deposit reduced from $200 to $50 today. July 10 2020: Crypto Retirement members have exceeded 200, we are ready to set up a VIP area, all ... Making a move to POS will supposedly cut the energy consumed by a hundredfold, or around … Inside Ethereum’s Plan To Reduce Energy Consumption by 99% Read More » Dec 25 2018. Bitcoin Private Denies Fraud Allegations and Calls for Halt to BTCP Trading. Altcoin Mining, Altcoin News, Bitcoin Crime, Bitcoin Private, btcp, Zcash, Zclassic. Bitcoin Private Symbol Bitcoin Private has confirmed ... Never try to send individual faucet or mining revenues direct to your account: exchange wallets are not designed to handle micro-payments. 5. Wait for the blockchain to confirm your transaction. You can see how many confirmations are required in the Tips section of each coin’s deposit page. Withdrawing Funds. Binance withdrawals work much like deposits, though the site has minimum withdrawal ... For example, the ones brave enough to invest in Bitcoin at the right time have now multiplied their capital hundredfold. And those who did not do that in time started to receive profit from Blockchain in a different way — they began to mine. Let us figure out what mining is, who pays for it, and why miner is a promising job that doesn’t require any qualifications. What Bitcoin mining means is that you, connect your hardware to a Blockchain. After being connected the hardware helps create other blocks, which then contain some information about transactions, all of which is encrypted. In order to access the block and authorize the transaction, the block needs to solve a very hard mathematical problem, something that takes a lot of computing power. If you ... Compared with the cryptocurrencies increased hundredfold or thousandfold yoy, this year presents a soft result. 24. Top 20 of cryptocurrencies by change(FH 2018) Among the top 20 cryptocurrencies by size of devaluation, we can see a average shrink that exceeds 98% of its issue price, which almost grounded these cryptocurrencies to zero. With the increase of ICO projects, increasing number of ... Cryptocurrencies latest news and history organized by date that contains 1000000+ news archives. Click here to read what world was saying about cryptocurrencies. Anxiety Over Bitcoin Mining Is A Red Herring: Energy Researcher. The quantity of electricity that is consumed during bitcoin mining is not the international environmental crisis as some people portray it to be. This is according to an assessment by Dr. Katrina Kelly-Pitou, an electrical and computer engineer from the University of Pittsburgh. BTC Mining Not Necessarily a Bad Guy . She went ahead to compare Bitcoin mining's yearly electricity usage of 30 TeraWatts to that of the world banking sector, valued at around 100 TeraWatts on average. Although crypto mining was to increase a hundredfold, it would again place its share of world power consumption at only 2%.
Binance Exchange Earn Free Bitcoin Free Mining Earn Daily 100$ Live 2019 in Urdu Hindi Hi Everyone Today i Tell You About #binance its awesome cryptocurrency exchange you can earn #freebtc # ... This is an educational video on Bitcoin mining of Binance Pool, I hope you'll enjoy it . If this video has helped answer some of your questions about binance... Jan.10 -- Binance CEO Zhao Changpeng discusses the challenges exchanges face, possible rules and regulations, and talks about the future for crypto currencie... 🔥 Get the Ledger Nano X to Safely store your Crypto - https://www.ledgerwallet.com/r/acd6 🔥 Become a Channel Member - https://www.youtube.com/channel/UCjpkws... willkommen zur Bitcoin-Informant Show Nr. 870. Heute sprechen wir über folgende Themen: Binance startet eigenen Bitcoin Mining Pool, Institutionen zeigen grosses Interesse an Ethereum & Bitfinex ... Binance Pool. [ Showing personal account ]. Showing the Pool section in the Binance crypto exchange. [ Showing personal account ]. Showing the Pool section in the Binance crypto exchange. Binance Tutorial deutsch In diesem Video erfährst du wie man auf der Plattform Binance Kryptowährungen handeln kann und gegen Bitcoins kaufen und verkaufen k...