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   1047

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.

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   94

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."