Blockchain
Coinbase Inspired Project Centcex Skyrocket 3000% on Launch Day
- Better security than Coinbase
- Improved scalability and user experience than Coinbase
- Better investor rewards than Coinbase
Los Angeles, California–(Newsfile Corp. – November 19, 2021) – Centcex, a Coinbase inspired blockchain-based cryptocurrency exchange, has been launched and registered a skyrocketing growth of 3000%. Centcex was expected to do well after the team announced that it is building the next Coinbase. The team says they are building the next Coinbase, and the project whitepaper and roadmap are very convincing.
Centcex
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As a Coinbase inspired project, Centcex team is building an exchange that will address Coinbase shortcomings. The main Coinbase shortcomings Centcex is going to address are the user scalability and security, which are affecting Coinbase users’ experience.
The promise to build the most scalable and secure exchange than Coinbase is what is attracting prospecting investors to this project. The recent past has seen many security breaches on various exchanges, including Coinbase. Many crypto investors have lost their hard-earned money to these hackings, even at Coinbase, this is why Centcex is eliciting interest.
The latest hacking at Coinbase occurred at the end of September 2021. Coinbase has been having security issues, but in this one, more than 6,000 Coinbase customers. The attack compromised Coinbase SMS-based authentication and stole investors’ crypto coins.
Centcex says they are eradicating such Coinbase security breaches by building a watertight exchange. The team says the exchange is going to give users better security and privacy features than Coinbase. Unlike Coinbase, Centcex is building an exchange that runs Proof-of-Stake consensus protocol, popularly known as PoS.
The PoS consensus mechanism is going to enable Centcex to address Coinbase security and scalability issues. The proof of Work (PoW) that Coinbase is using is prone to attacks. With the PoS consensus method, the building of new blocks on the blockchain and verification of transactions is done by the validators.
With every transaction being verified by the validators, it is very difficult for hackers to prosecute a transaction. This is how the security of the Centcex will be better than that of Coinbase. Centcex is also addressing Coinbase scalability by using the same PoS protocol. PoS makes it easy and fast to produce blocks on the blockchain, which increases transactions per second, and that’s how Centcex will record higher scaling than Coinbase.
With the scaling and security, Centcex is going to provide a better user experience than Coinbase. In addition to addressing Coinbase shortcomings, Centcex staking is another reason why Centcex has skyrocketed 3000% on the launch day.
To compete with Coinbase and other exchanges, Centcex is building a platform that is heavily rewarding users. Centcex staking program shares 100% APY of all revenues collected on its ecosystems. Such rewards are attracting more users, including the Coinbase community. Coinbase is not offering staking rewards on its ecosystem.
Centcex is soon announcing a public sale to raise resources to make the next Coinbase a reality. With the team addressing Coinbase shortcomings, Centcex will be a project to watch. Centcex team says it has what it takes to deliver the next Coinbase.
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/104377
According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.
The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.
KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.
Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.
Source: cointelegraph.com
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Blockchain
BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests
The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.
Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.
Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.
Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.
Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.
Source: blockchain.news
The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.
Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.
The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.
KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.
The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.
Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.
Source: cryptonewsz.com
The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.
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