Blockchain
Coinbase Inspired Project Centcex Launch Public Sale
California, United States–(Newsfile Corp. – November 14, 2021) – Coinbase is one of the biggest blockchain-based cryptocurrency exchanges today. The native coin for Coinbase is called COIN. Coinbase exchange has been around since 2012 where it was just a platform to send bitcoin. Over the years, Coinbase has grown to be one of the biggest exchanges. Today, millions of investors are trading hundreds of tokens on Coinbase.
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The crypto market growth has seen new exchanges coming to compete with established exchanges like Coinbase. One of the exchange platforms currently competing with Coinbase is Centcex, which is soon launching a public sale. The native coin for the Centcex exchange is called CENX, Binance Smart Chain token.
Just like Coinbase, Centcex is planning to develop one of the biggest crypto exchanges. Centcex is inspired by Coinbase, but the team wants to build a more powerful ‘Coinbase’. According to the Centcex team, they want to address major flaws of Coinbase. The platform will also give users a better Coinbase experience.
These are a number of areas Centcex is going to compete with Coinbase. The team says they want to give Centcex users an experience they are missing on Coinbase. This includes easier coin trading, easier manoeuvres than Coinbase and even more tokens on the exchange than Coinbase.
Security has been a big issue with Coinbase and other exchanges. Coinbase has reported cases of hacking, with customers losing a lot of money. The recent Coinbase hack was at the end of September when hackers stole coins from 6,000 Coinbase customers.
Unlike Coinbase, Centcex will be providing users with high security and privacy features. The team is building a platform that will not have hacking issues. Coinbase has severally been hacked, but Centcex is going to put it to a stop.
Issues of user experience at Coinbase is another problem that Centcex will fix. The exchange is promising to give users a better experience. From buying to swapping coins, Centcex will offer a better experience.
What makes Centcex different?
Centcex exchange is also promising to address the speed issue, which is common with Coinbase exchange. Sometimes it can take time to complete a single transaction on Coinbase. This is a problem that Centcex team is eradicating to become the next Coinbase. With the scalability addressed, the exchange will process more transactions per second than Coinbase.
To compete with Coinbase, Centex is building a platform that will reward members. Centcex staking programs share up to 80% APY of revenue collected from network products. Such rewards are attracting more members, including the Coinbase community. Coinbase stake is not offering such a percentage to its members.
The other way Centcex is competing with Coinbase is by allowing token holders to stake with multiple staking pools. So staked CENX will be earning more rewards than Coinbase token. With its higher staking rewards, the exchange will automatically be a tough Coinbase competitor.
The Centcex team is developing more products in its ecosystem than Coinbase. The platform is setting aside 3% of the 10% tax collected from transactions to fund unlimited products. In future, Centcex is planning to host more products than Coinbase to generate more revenue for staked coins. The 3% of the tax will buy back and burn tokens from the liquidity pool.
Centcex has announced a public sale. This will be the first step towards building a Coinbase competitor. The team is raising resources to build the biggest Coinbase competitor. Coinbase is a good platform, and with the team promising a better Coinbase experience, this will be a crypto project to watch.
Centcex exchange will charge lower fees than Coinbase. Just like Coinbase, the platform will support both Android and iOS users. The user interface will be better to give users a better experience. With better rewards, Centcex has what it takes to excite the crypto community.
Centcex ecosystem is going to be one of the strongest in terms of products and user experience.
Media Contact
Ashley Henderson
Email – [email protected]
Website: www.centcex.com
Telegram: https://t.me/centcex
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/103466
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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