Decentralized Platform Dexon Launched by Cobinhood

A crypto exchange Cobinhood has declared about the launch of a decentralized platform Dexon, the project is backed by top-tier venture capital firms
07 June 2018   441

Among the project supporters is San Francisco-headquartered IDG Capital, a company which manages $20 billion worth of assets. As claimed by the firm, Dexon is to be the fastest blockchain available in the market. It is optimistic that such pluses as infinite scalability and low latency will make the platform perfect for the banking industry and other real-world requirements.

Blockchain is still in its early stages, though many industries are looking to implement blockchain and talk constantly about its benefits, it has yet to reach rapid adoption. Factors like speed of transactions have been a crucial inhibitor in allowing this technology to be implemented into the real-world banking ecosystem. The innovation surrounding blocklattice architecture like DEXON will enable use cases such as everyday banking, stock and cryptocurrency exchange, micropayments and other markets.
Popo Chen
Founder, Dexon

In order to reach a higher level of scalability, Dexon is applying block-lattice architecture. In difference with the traditional blockchain technology systems that build encrypted blocks linearly, this structure is based on the multiple blockchain systems that work together in parallel, making it simplier to scale automatically and energy-efficiently.

Because of the growing limitations of the centralized crypto exchanges, many serious blockchain players are now developing their decentralized platforms to overcome the market competition. Major players like Binance and Kyber Networks have earlier ran native decentralized platforms and were joined by a number of market counterparts.

Gemini & Partners to Launch Virtual Commodity Association

Association is created to develop standards for the industry, promote transparency in the market and cooperate with regulators, including the CFTC
20 August 2018   92

Several major exchanges decided to create a new structure designed to eradicate manipulation in the digital assets market, Bloomberg reports.

The Virtual Commodity Association was formed by the founders of the exchange Gemini Cameron and Tyler Winklewoss. According to a statement released on Monday, the group also included Bitstamp, BitFlyer USA and Bittrex. Representatives of four trading platforms will meet in September to consolidate the provisions for the future functioning of the organization.

The Virtual Goods Association will develop standards for the industry, promote transparency in the market and cooperate with regulators, including the Commodity Futures Trading Commission of the United States (CFTC), in order to prevent manipulation of Bitcoin, Ethereum and other currencies.

As the temporary executive director of the organization, Maria Filipakis, who worked in the Financial Services Department of New York, was appointed, where she took part in the creation of a BitLicense.

Earlier, the Winklewoss brothers tried to launch their own ETF, tied to bitcoin, but the US Securities and Exchange Commission denied them twice, as the reasons for its decision, among other things, calling for the absence of adequate measures to prevent cryptocurrency market manipulations.