Decentralization - Increases Security and Accessibility + Throughput (dependent on model)submitted by AnchorEdward to CryptoCurrency [link] [comments]
Privacy - Promotes Autonomy against Central Forces, Freedom, and Liberty in market participation
Interface - Usability from UI/UX Standpoint
Governance - Security, Market Fairness, Community and Platform Evolution
Liquidity - Volume. None of the above will help without liquidity
Though these are just a number of characteristics that i find critical for exchanges to evolve as we're coming to an age of tighter regulation and the increasing risks apparent in centralized exchanges. This is a purely opinionated piece which i'd like to pair with the recent article released by Resistance on it's Overview.
The Resistance Decentralized ExchangeResDEX uses the Resistance privacy coin as an intermediary in private trades and implements many additional technologies, including Tor support, instant swaps, an extremely user-friendly graphical interface, and more.
Liquidity SolvedResDEX has dedicated market makers who ensure liquidity stays high on the exchange and users can perform trades quickly at competitive prices (Huobi & XRP). Anyone can become a market maker on ResDEX and provide liquidity to the market. As an added bonus, makers don’t pay fees on ResDEX. The ResDEX exchange fee (0.15%) is paid by the taker and used to support the platform, fund market making, and donate to privacy projects voted for by the community.
Add Privacy Features to Any CoinAs an added feature, users can add privacy to almost any cryptocurrency, including Bitcoin, even if that currency doesn’t support private transactions natively. By harnessing the power of the Resistance privacy-oriented blockchain, ResDEX will automatically trade the coin of your choice to RES and send RES in place of the original currency, thereby adding privacy to the trade.
Users can also utilize the same trading mechanism to add privacy to a non-private cryptocurrency by automatically trading to RES and then trading back to the original cryptocurrency.
Utilizing ZK SnarksBitcoin is not fungible because it does not provide users with sufficient privacy and anonymity. The transaction history of every Bitcoin is publicly available for anyone to scrutinize. Centralized exchanges like Coinbase, for example, will in some cases block funds based on your coins’ past transactions.
With zk-SNARKs, a form of zero-knowledge proof used to facilitate private transactions on the Resistance blockchain, it’s possible for RES to have no public record or history. If users choose to send a coin through a private transaction, its history is essentially erased.
Democratized Mining (Introducing yespower)Just like Bitcoin and Litecoin, the Resistance blockchain itself is built upon a fast cryptographic hash for performance. Resistance also utilizes yespower as a separate Proof of Work hash, in the same way that Litecoin uses scrypt. Specifically designed for CPU mining, yespower is a hashing algorithm based on scrypt and the newer yescrypt.
It favors the standard CPUs you’ll find in regular laptop and desktop computers and offers no benefit to FPGAs or ASICs. This means anyone can mine on the Resistance blockchain without the high-spec mining rigs that are required to mine Bitcoin, Ethereum, and many other cryptocurrencies.
More on Privacy - TOR Routing - Supporting the CommunityNote that everyone can choose to use onion routing through the TOR NETWORK to hide their ip when making transactions. This really reinforces their whole privacy aspect of the exchange.
It was also announced on their Telegram that they are going to run a program where the COMMUNITY VOTES FOR ONE PRIVACY COMMUNITY TO BE ALLOCATED 15% of ALL EXCHANGE FEES TO BE SUPPORTED.
At times like these, especially in a bear market, I hope to see more collaboration among projects because we are nothing but islands upon islands of dispersed communities that would gain more working in sync.
Resistance is a project i'm curious to see challenge the status quo, along with Binance DEX as CZ also claims that DEX's are the future. Will the traditional Centralized Exchanges die out? I don't think so. But I'd rather opt for a decentralized solution.
Information was taken from the Resistance Release Article
Welcome!I would like to warmly welcome everyone to waltonchain
This is an updated, extended community-written post and I will try to update it regularly over time.
As for the phase 1.0 of the project, the team has developed the clothing system integration scheme based on RFID. The application scenarios at phase 1.0 will establish Golden demonstration template
At phase 2.0, our RFID beacon chip will be massproduced and can be used in clothing, B2C retail and logistics.
At phase 3.0, manufacturers will achieve traceable customization of intelligent packaging.
At the project phase 4.0, with the upgrading and iteration of assets information collection hardware and improvement of blockchain data structure, all assets can be registered in Waltonchain in the future.
Please note that before the token swap,
DO NOT transfer your ERC20 WTC tokens to the WTC wallet!!
Waltonchain (HK) Development Co. Ltd. (Head company)Walton Chain Technology Co. Ltd. (Korea)
Silicon (Shenzhen) Electronic Technology Co. Ltd.
Silicon (Xiamen) Electronic Technology Co.Ltd. (RFID Chip Research)
Silicon (Quanzhou) Electronic Technology Co. Ltd.(IoT Intelligent Switch Chip)
Nanjing Sleewa Information Technology Co. Ltd. (Blockchain)
Quanzhou KEDIHENG Electronic Technology Co. Ltd
Xiamen IOT Technology Co. Ltd.
Time Travel Algorithm. Time Travel -timetravel is an ASIC resistant Proof of Work hashing algorithm. This PoW algorithm is both GPU and CPU mineable. Also just like any other hashing algorithms it can also be affected by FPGAs but we are not sure whether FPGA exist or not. Time Travel is not new however there is not much information or ... bitcoin fpga mining rig bitcoin fpga miner. FPGA in a Nutshell. So what is a Field Programmable Gate Array? A FPGA is a piece of hardware that is very similar to an ASIC with one exception. An ASIC is a chip that has been hardwired to perform one type of calculation (for example, to mine Equihash). A FPGA is a chip that can be reprogrammed at will to perform any kind of operations. In the ... The Binance Bitcoin exchange has opened the possibility of direct purchase / sale of cryptocurrencies for eight more fiat currencies. The total number of supported fiat currencies has reached sixteen. Among them: Russian ruble, American dollar, Euro, Chinese yuan, Ukrainian hryvnia and others. Earlier, CEO Binance Changpeng Zhao said that his main task in the coming months will be the ... Back in October Ravencoin (RVN) forked to X16Rv2 as a means to drive away the ASIC miners for the X16R algorithm it previously used. The new algorithm X16Rv2 has helped lower the hashrate and make RVN mining prfotable for mining with GPUs for a bit, but now it seems we are getting back on the road to ASIC miners in the near future for the new algo. How to buy Bitcoin Cash on Binance? 3. Binance Coin (BNB) ... The project will fork in April to update the Proof of Work mining algorithm that restricts FPGA and ASIC miners while allowing GPU miners to take part in mining. A fork last year changed the mining algorithm to the X16Rv2 version which was eventually overcome as specialized mining hardware was adapted to the changes, and the new ... Bitcoin (BTC), Bitcoin Cash (BCH) & Bitcoin SV (BCH) (November 2018 - December 2019) 2.1 Efficient resource allocation theory. According to Binance Research, the mining allocation problem can be referred to as a problem of efficient resource allocation, from the perspective of participants in the Bitcoin mining industry: SHA-256 (ASIC) miners. Coins that use the Proof-of-Stake (PoS) consensus algorithm – Tezos, Cosmos, BIP, and LOOM – initially support staking. While the value of stablecoins is tied to a specific asset – for example, to the US dollar. Stablecoins are not available for styling, but loans – coins are issued as a loan to another user who pays a deposit in response. However, for investors there is no particular ... DigiByte (DGB) is a decentralized UTXO blockchain that was launched in January 2014. The project is built on the code of Litecoin, but with several modifications.; In February 2014, the project introduced DigiShield, a real-time difficulty adjustment mechanism which stablizes block time despite exponential changes in mining hash power.; DGB has a maximum supply of 21 billion, which will be ... Prior to this testing phase, the Verus Coin community project has released a working solution to the PoS nothing-at-stake problem, a unique CPU-friendly hash algorithm with FPGA-equalization to respond quickly and effectively to FPGA miners' on the network, a proof for the 51% hash attack resistance of Verus Proof of Power consensus algorithm, VerusPay self-sovereign payment system for Verus ... AtomMiner AM01 is a new FPGA hardware miner that provides users with access to non-stop mining operation in an automatic mode. AtomMiner is designed in such a way that its infrastructure and one-click solution can enable anyone with interest in crypto to begin mining regardless of experience or knowledge in FPGA.. Compared to other crypto miners in the market, the AtomMiner AM01 features one ...
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