BitMEX to Report on Parity's Full Node Issue

BitMEX reports on very low node synchronization speed - their Parity full node synch is running for 13 days now, and it's still few hundred thousand blocks behind
14 March 2019   2383

The BitMEX Bitcoin Exchange research division launched an analytical resource nodestats to collect information on the work of various software implementations for the Ethereum network and compare their performance.

The resource estimates the following parameters:

  • CPU usage
  • Memory (RAM)
  • Bandwidth
  • Storage space

Note that BitMEX launched a full node based on the Parity client. At the moment, synchronization lasts for 13 days, and the node is still a few hundred thousand blocks behind. In the future, the slow synchronization speed may become a problem for Parity software, since the node will not keep up with the growth of the blockchain. However, while researchers expect to complete the process within a few days.

BitMEX found that sometimes the node falsely reports the completion of synchronization, which can potentially be used for an attack, but the likelihood of such a development of events remains extremely low. 

CFTC to Approve LedgerX's Deliverable BTC Futures

At the same time, another platforms such as Bakkt, ErisX and Seed CX still awaiting regulatory approval
26 June 2019   65

Cryptocurrency derivatives provider LedgerX LLC has received a license from the Authorized Derivatives Market (DCM) from the US Commodity Futures Trading Commission (CFTC), which will allow it to launch the country's first bitcoin futures.

Deliveries for deliverable futures are made in the underlying asset, not in fiat funds. Thus, LedgerX outstripped the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

At the same time, LedgerX intends to launch the Omni platform for trading options, swaps, and bitcoin futures for retail investors, since at the moment it does not see enough interest from institutional market participants.

However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

Recall about the intentions to obtain the appropriate permission and overtake competitors LedgerX said in April.