When a thing is denied, something new starts at a higher level. submitted by
The update and iteration of the currency circle takes only a few days.
On August 13, Yam, the token of a popular DeFi project, plummeted by 98%, while YFI, another DeFi cryptocurrency, outran the digital currency Bitcoin Gold by value under capital operation.
According to their familiarity with DeFi, blockchain investors in 2020 can be divided into two categories. The "New" investors are active in DEXs such as UniSwap and Balancer, striving for hundredfold returns on investment amid fake projects, while the "old" investors stick to mainstream cryptocurrencies and advocate value investment in the three major CEXs.
Despite its long history, DEX did not prosper until recently. It has processed transactions of over US$520 million in the past 24 hours, and the trading volume for the past week has exceeded the figure across 2019.
But still, many people are stranger to DEX. I. Will DEX shuffle the existing trading market?
Upon discovering something new, you can describe it, but never evaluate it superficially.
UniSwap occupies 55% of the entire DEX market. Celebrities in the circle enjoy discussing the changes brought by UniSwap on social media and how it will change the existing trading landscape.
On August 5, Jay, CEO of OKEX Exchange, publicly stated that "UniSwap can hardly replace the current mainstream exchanges." on Weibo.
He also listed two reasons:
- With insufficient transaction depth, UniSwap cannot support large transactions;
- UniSwap cannot set prices independently, but has to follow the prices set by other exchanges.
He also recognized UniSwap’s AMM model in the post.
Soon this post was criticized by Dovy, the founding partner of Primitive Ventures, to the effect that Jay had quite limited knowledge about DeFi and the reasons he proposed did not hold good.
She also mentioned the advantages of a new generation of DEX represented by UniSwap:
Traditional exchanges determine the price and market value according to a small number of chips in the market. By comparison, AMM relies on the entire LP pool to contribute liquidity, and a small number of chips will not lead to severe fluctuations in the price. The price follows the curve of the static liquidity pool within a time range, rather than the manually controlled order book. 2. Is UniSwap good enough to replace centralized exchanges?
Neither OK or Binance had expected that one day their arch rival was not each other, but the newly emerging decentralized exchanges.
With totally different operating methods and business models, DEX and CEX have their own merits.
CEX comes with evident problems. Ordinary users do not trust its security due to the rampant data cheating. For project developers, CEX requires high fees for token listing and maintenance.
The advantage of CEX lies in its low threshold and mature business model.
Just as Jay said, DEXs represented by UniSwap are still faced with great challenges posed by user habits. For example, UniSwap does not support limit orders or the candlestick chart, and users need to rely on a third-party Ethereum wallet for operation.
The innovative AMM model allows ordinary users and small market makers to get involved and earn market-making fees, reducing costs and improving liquidity.
According to the trading volume at this time, UniSwap may not be able to replace mainstream exchanges, but it is good enough to replace second and third-tier exchanges. 3. Is OneSwap an upgraded version or a copy of UniSwap?
"The success of UniSwap proves the necessity of the DEX that does not require permission and supports AMM in the market. However, UniSwap comes with two shortcomings. One is the lack of support for limit orders, which greatly restricts trading methods and liquidity; The other is the excessive transaction cost and poor transaction efficiency due to the limited processing capacity of Ethereum." - Yang Haipo
Recently, OneSwap, known as the upgraded version of UniSwap, announced that it will hit the market in early September, and has received an investment of US$10 million from CoinEX.
To develop an open-source centralized trading platform like OneSwap, it is easy to replicate the technique. But among so many Swap applications in the market, what advantages does OneSwap have over UniSwap? 1. Limit orders
Neither buyers or sellers of UniSwap can set prices independently; instead, they need to follow the prices set by other exchanges. If they want to buy tokens at a specific price, they have no choice but to wait till tokens at such a price appear in UniSwap, a waste of time.
Continuing the good practices of centralized exchanges, OneSwap supports the traditional order book based on rapid exchange, offering more flexible trading methods and further enhancing the liquidity of digital assets. 2. The candlestick chart and depth map
Without an order book, UniSwap has been criticized for its simple transaction interface which does not even contain the basic candlestick chart. As a result, it cannot satisfy numerous traders’ demand for data analysis.
UniSwap’s AMM model is believed to be a vital catalyst for its explosive growth. With an additional incentive mechanism of transaction mining besides liquidity mining, OneSwap leaves more core benefits to its users.
OneSwap will charge the Taker a fixed percentage of transaction fees based on the transaction amount, while the Maker does not need to pay. The transaction fees are divided into two parts: 60% for liquidity and 40% for the repurchase and burning of ONES. In transaction mining, both liquidity providers and traders will receive ONES as an economic incentive. The market is looking forward to a new product that is as user-friendly as CEX and as safe as DEX. Is OneSwap qualified to meet such demands?
Bitcoin Daily Chart Alert – Trading Turns Quiet Again – Jan 15 : 2: Bitcoin Scammers Target Schools and Businesses With Fake Bomb Threats: 2: Bitcoin BTC Rallies From 3400: 2: Bitcoiner 2029: Another Ten Years On: 2: Investigating bitcoin mining: 2: Bitcoin Price Pops to 3705 Crypto Markets Turn Green: 2: Analistas brasileiros não acreditam em uma nova alta no preço do Bitcoin antes de ... Anxiety Over Bitcoin Mining Is A Red Herring: Energy Researcher. The quantity of electricity that is consumed during bitcoin mining is not the international environmental crisis as some people portray it to be. This is according to an assessment by Dr. Katrina Kelly-Pitou, an electrical and computer engineer from the University of Pittsburgh. NEGOSENTRO.COM Bitcoin halving 2020.Raising a hundred-fold token starts from the ZB fiat currency transaction. The daily average value of the total market value of global blockchain assets this week was 252.96 billion USD, an increasement of 7.64% from the previous week’s average. The 24-hour daily average volume of the market is 106.698 billion U.S. dollars, 12.48% higher from last week ... Bitcoin Ethereum Litecoin Ripple Binance Technical Analysis Chart 6/12/2019 by ChartGuyscom: 2: Bitcoin hoje 12-06-2019 – alta de 328 – Investimentos e Notícias: 2: Bitcoin BTC Needs to Pass 8200 to Kickstart Next Leg Higher: 2: Is Bitcoin real money: 2: Bitcoin investments: 2: Donate using Bitcoin: 2 Should you use PrimeXBT for BTC margin trading? What's the benefit and is it even legit? Check this PrimeBTX.com trading platform test to see if the cryptocurrency broker is one you should trade on or not. The widgets are divided into a chart window showing the chart of the price pair of our choice as well as order and info widgets for running orders and positions. The Dashboard widget shows current market activity in terms of bid and ask prices for BTC, ETH, LTC, EOS and XRP and offers direct buy and sell order buttons to quickly place orders. The chart can be edited according to all the rules ... At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. It’s true that many of the more alarming claims—for example, that by 2020, bitcoin mining will consume “as much electricity as the entire world does today,” as the environmental website Grist recently suggested—are ridiculous: Even if the current bitcoin load grew a hundredfold, it would still represent less than 2 percent of total global power consumption. (And for comparison, even ... Binance has two interfaces for crypto trading: basic and advanced. The basic interface shows current buy and sell queues on the left (1), an adjustable price chart in the middle (2), and the asset’s trade history in the bottom right (3). The buy and sell options (4) include limit, market and stop-limit. After the token supply increased a hundredfold on August 21, 2020, the Polkapot rose to 7th place in the marketcap. Polkadot’s Innovations. So what was the reason for this highly successful ICO? It’s all about their innovation in autonomy. Polkadot aims to provide a completely decentralized web where users are in control. According to the platform’s descriptions, Polkadot is designed to ...
I hope you have to make some profit from it. Bitcoin Technical Analysis & Bitcoin News Today: The Bitcoin CME futures gap has been filled. I found a head and shoulders pattern in the BTC price chart, so I'll use technical analysis on the ... Il mondo Bitcoin e Blockchain sta attirando a se sempre più attenzioni. Bitcoin è ormai in prossimità dell'Halving e in tanti sono pronti a scommettere che i nuovi massimi non si faranno ... Depth Chart Binance Explained for Crypto Trading. How to Read Binance Depth Chart for beginners. GET YOUR FREE STOCK in Robinhood http://share.robinhood.com/... Binance Tutorial deutsch In diesem Video erfährst du wie man auf der Plattform Binance Kryptowährungen handeln kann und gegen Bitcoins kaufen und verkaufen k... This video is superseded by https://www.youtube.com/watch?v=_iHRINTvMjc in which you can download "MT5 Crypto Charts Manager" and the whole process is automa... How to get started on Binance, tutorial and review by OJ Jordan First steps, placing a buy order, trading Bitcoin and hundreds of Alt coins. 📍 BINANCE LINK: ... Candlestick charts: The ULTIMATE beginners guide to reading a candlestick chart ... How to Deposit Bitcoin To Binance Sinhala - Duration: 14:01. Bitcoin Sinhala 2,027 views. 14:01. Language ... #tradingHindi #cryptoTrading #binanceTradig Join Binance Exchange - https://goo.gl/ht49pR Trading view to read chart - https://goo.gl/gjWPq8 -how to use Binance Hindi -how to buy alt coins ... 🚨 MEGA BITCOIN BLUEPRINT SALE 🚨 https://www.btcblueprint.com 🔥 Up To $600 Discount - Limited Time 🔥 🔲 My Top 3 Recommended Exchanges 🔵 Phemex http ...