Bitfinex, trading platform for significant digital assets and cryptocurrency, marked the completion of eosfinex, a fully on-chain trading experience on Tuesday.
Bitfinex, founded in 2012, aims at implementing unparalleled support, tools, and innovation for professional traders and liquidity providers around the world. It originated eosfinex to promote high volume trading on EOS blockchain.
Eosfinex, a high-performance exchange built on the EOSio technology, focuses on decentralization along with low latency and facilitates a peer-to-peer value exchange network with pace, clarity, and control. The EOSio technology grants the horizontal scaling of decentralized applications, which further permits the developers to create high performance distributed applications.
Amid the launch of eosfinex, Paolo Ardoino, Chief Technology Officer at Bitfinex, said, “EOS was picked as the foundation for eosfinex due to its potential for high-throughput, low-latency transactions, and the results of the beta period have further confirmed our confidence in its capabilities.” The inauguration of eosfinex is further accompanied by a beta phase of four months.
Ardoino also concluded that the launch of eosfinex is a further indication to the exceptional qualities of the Bitfinex development team, and quoted, “we are incredibly pleased to continue the second stage of this journey.”
Rise of eosfenix was supplemented by a bug-bounty plan led by the community and varied feature requests by the EOS group adding to the best effective use and intensification to the eosfinex platform.
In addition, smart contracts will be open-sourced to expedite community integration and development.