OpenANX Starts Token Sale

Decentralized Cryptocurrency Exchange is looking for an investitions
22 June 2017   1620

Distributed database that is used to maintain a continuously growing list of records, called blocks.

Since the MtGox's collapse, centralized exchanges were a point of failure in the cryptocurrency ecosystem. Assailable to hackers, cyber attacks, government coercion or plain fraud. Now a new project is seeking crowdfunding via open token sale, transparent and decentralized trading venue technology.

OpenANX from Hong Kong is decentralized exchanges solution created on the Ethereum blockchain. OAX token sale launches today, June 22, 2017.

ANX International and industry veteran advisers are coordinating the launch of OAX. ANX International is a fintech company founded in 2013 with specialization in blockchain technology; it supports ANXPRO, one of the longest running bitcoin trading platform in Asia.

ANX firmly believes decentralized exchanges will dominate the cryptocurrency market. We plan to lead the march toward this future through openANX, which will be fully open sourced, transparently governed, and kickstarted by ANX’s technology, experience in operating an exchange, infrastructure, and wide network of users. 

Hugh Madden
Director of Technology, openANX

OpenANX presented key technical aspects that address these problems, including transparent collateral ratings for asset gateways, credit risk markets, the use of smart contracts for memberships, collateral management and dispute resolution, Know-Your-Customer (KYC), and settlement for asset exchange, both for over-the-counter (OTC) and order book-based transfers.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.