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.
Critical to all mining operations is the “break even” factor, which the mining estimator seeks to determine. This is the value of cryptocurrency that must be produced for the cost of the rig to be paid for. For example, one featured Bitcoin mining rig costs USD $1,767 to build and operate and generates $4.56 in profit per day at current prices. 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. Bitfury and UN jointly implement environmental project in Kazakhstan. The mining company Bitfury will begin to cooperate with the United Nations Development Program (UNDP) on a project to conserve and increase the forest lands of Kazakhstan. According to Astana Times, the project aims to help the country reduce greenhouse gas emissions by 15% over the next decade in order to fulfill ... Binance Officially Launches Bitcoin Mining Pool. This post was originally shared on this site. Shared by CryptocoinStart The mining pool will support both PoW and PoS consensus mechanisms for mining. Facebook; Twitter; Google+; Pinterest; LinkedIn; Share this: Click to share on Twitter (Opens in new window) Click to share on Facebook (Opens in new window) Related. Tweet; What you can read next ... 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 ... It is a GPU/FPGA Bitcoin mining open source project written in C, available for download on Windows, Linux and Mac OS X. Initially envisioned for ASIC mining, an update from 2013 gave it support for scrypt and GPU mining. However this was reversed later on and Cgminer version 3.7.2 is the latest version with GPU support. Versions later than 3.7.2 do not support GPUs (only ASICs). An in-depth ... Mining Posted on 08.04.2020 08.04.2020 FPGA HashAltcoin Blackminer F1 with Tellor (TRB) support The Tellor crypto project (TRB) officially entered the FPGA domain, and HashAltcoin has just announced the release of support for its line of Blackminer F1… In general, the FPGA boards have not been designed explicitly for mining, but if they get programmed properly, the same could reach a very high computing power on many algorithms. Usually, the intensive and prolonged use of the board produces a heat that must be evaporated efficiently in order to secure good performance and longer-life of the board itself (duration and a performance over time). 3. Best Bitcoin mining software CGminer. Pros: Supports GPU/FPGA/ASIC mining, Popular (frequently updated). Cons: Textual interface. Platforms: Windows, Mac, Linux Going strong for many years, CGminer is still one of the most popular GPU/FPGA/ASIC mining software available. CGminer is a command line application written in C. It’s also cross platform, meaning you can use it with Windows ... Does the project offer an affiliate program? Yes, there's the program. You can earn 10% on every member you bring to the site. 10. What is the minimum amount to withdraw? Anyone who reaches the amount of 0.35 Bitcoin can request payment. 11. Why is payment taking so long? Payments to avoid problems, please use (coinone, bitbank, bitfinex, binance, coinbase, indodax). Bitcoin Mining. You can ...
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