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
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
The post Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety appeared first on HIPTHER Alerts.
Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
The post Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration appeared first on HIPTHER Alerts.
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
The post Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development appeared first on HIPTHER Alerts.
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