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What makes Blockonix the best Ethereum based decentralized exchange

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Blockonix is one such decentralized crypto Exchange which was initiated in April 2018, from Malta. Blockonix is highly popular and reliable among other DEX

Introduction

Thanks to the Blockchain solution, which has spurred various new technologies that have been providing useful real-world Applications. Facilities like smart contract, decentralization, Proof of Work consensus mechanism, Distributed Ledger are connected and put forth before us in a way never imagined before. Precisely, it is the interconnection and the usage methodology that is the power of the Blockchain technology that Satoshi Nakamoto has invented. Decentralization specifically is the key to the security of the cryptocurrencies. But the cryptocurrency exchanges are not Decentralized up to the mark. Hence, due to their centralized nature, and in turn lack of security, we constantly witness various hacks where huge amounts of funds are stolen from the exchange. Therefore Decentralized exchanges have come into the picture more recently.

 

Blockonix

Blockonix is one such decentralized crypto Exchange which was initiated in April 2018, from Malta. Blockonix is highly popular and reliable among many other decentralized Exchanges for a number of reasons.

Below are some of these reasons which makes Blockonix one of the best Ethereum based decentralized exchange.

 

Decentralization of Blockonix

Blockonix is highly decentralized, specifically 100% decentralized in nature, as there is absolutely no human intervention when it comes to the transnational confirmations and order matching. The Blockonix exchange uses smart contract functionality in order to achieve so and therefore there is absolutely no room for the discrepancies or errors caused by the humans as the computer takes care of everything.

 

Security at Blockonix

As the cryptocurrency exchange is inherently designed to be decentralized in nature, security is automatically incorporated within its domain. It is well known from the fact that the Centralized exchanges store all the funds under their domain, but in case of decentralized exchanges, the funds are absolutely held by the owners itself and not any other person. Even the private keys are which are used on Blockonix are not recorded by the team members.

 

Amazing fee structure at Blockonix

When it comes to the trading, Blockonix probably stands at number one position relative to its centralized and decentralized counterparts. Blockonix offers a great deal by offering 0.1 % of the transaction fee. Also, an additional 70% discount is available on this fee, if the users choose to undertake a trade with their native cryptocurrency token BDT. This particular feature is probably the one which makes Blockonix one of the best Ethereum based DEX in the market.

 

Development is the focus of Blockonix

The project members at Blockonix are highly dedicated to improving the crypto exchange and do not look out it as a way to generate revenue. This can be clearly evident from their policies as all the transaction fees which they will be receiving would be converted into their native cryptocurrency token bdt and would be sent to a burn and risk which would indirectly increase the market price and valuation of the token profiting all the BDT to converters token holders Blockonix and name not exclusively spend their time money as well as energy on security as due to decentralization takes care of everything.

 

Blockonix has a wide range of Ethereum based tokens

The Blockonix listed almost 100 Ethereum based tokens on the first day of its launch itself and further additions have been made since then subsequently. Having such huge screen of options to choose from, at a single place is hell rare. Therefore Blockonix integrates each and every aspect required, in order to provide a world-class experience to its customers with a minimal fee.  

Decentralized Crypto exchange Blockonix is one of the best of its kind due to the amazing functionalities and interfaces that the exchange provides. It would absolutely gain lots of attention within the crypto domain, as more number of centralized exchanges would experience downfalls.

 

Closing thoughts on Blockonix

Luckily due to the cryptocurrency regulations in India, the team members availed an opportunity to convert their initiative to a global scale and launch an international decentralized ethereum based cryptocurrency exchange Blockonix. Otherwise, they would have been left with a normal domestic cryptocurrency exchange in India. It offers amazing referral incentives, in order of increasing the popularity as well as the reach of the ecosystem towards more number of people throughout the world.

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Adoption: Courts in France adopt blockchain technology

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The NCC or National Council of Clerks of France have finally tested a blockchain technology-based solution for the courts of the country.

The NCC or National Council of Clerks of France recently made an announcement that they have finally tested a blockchain technology-based solution for the courts and are now prepared to launch it throughout France. The National Council of Clerks is a representation of the clerks of the corporate and commercial registry in around a hundred thirty-hour workplaces in France. The workplaces depend upon one another for sharing important data.

 

The goal of NCC France

The NCC is determined to streamline and position the latest information technology that capitulates something that is known as ‘the single version of the truth’. The data tracks an organization’s growth, dissolution, change of location etc. The sharing of data amongst each other was earlier a big challenge for the NCC.

 

The project based on blockchain technology had an aim of rapid cycle times and precision of information. In the pilot phase of the project, the National Council of Clerks in France was able to lessen the timing of registry operation involving a lot of days to just one day.

 

According to the president of France National Council of Clerks, Sophie Jonval, the project based on blockchain technology is an outcome of the partnership with IBM. IBM who is already an expert in blockchain technology and cryptography has been serving as a technological partner.

 

According to the NCC, the project shall be rolled out in the 1st half of 2019 and the project shall ensure a transparent and improved dynamics of the interactions between the clerks.

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HSBC Bank Looking to Expand Blockchain Platform Voltron in South Korea

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HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it's blockchain platform as reported by the Korean Times.

HSBC, the largest bank in Europe is searching for banks in South Korea for launching Voltron, it’s blockchain platform as reported by the Korean Times.

 

HSBC Voltron:

The Voltron platform delivers a more quick method to process and settle invoices using by using permissioned blockchain technology. The permissioned blockchain stops the transactional data from being shared with everyone but instead, the data is shared with only consented users. The platform decreases the time that is usually required for the total process.

 

According to Joshua Kroeker, the innovation director of HSBC, the platform would mostly impact the process timing. Thus the transparency which comes with blockchain, as well as the rapid flow, would help the banks in managing their working capital as well as their cash flows. Kroeker reached out to the banks in South Korea to partner with their blockchain platform i.e. Voltron for the letters of credit.

 

HSBC’s blockchain platform was initiated in 2018 and is currently partnered with seven banks namely Standard Chartered, Bangkok Bank, BNP Paribas, ING, CTBC Holding, SEB, and NatWest. The platform is still in its pilot stage however, it shall soon be launched commercially.

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World’s biggest Blockchain ETF on London Stock Exchange

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The world's biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange by Invesco, a large investment management company.

Cryptocurrency enthusiasts around the world have been curiously waiting for a bitcoin ETF to be approved by the SEC or any other potential government in the world. However, before a bitcoin ETF, the world’s biggest blockchain ETF is scheduled to be launched by Invesco on the London Stock Exchange. Invesco is a large investment management company that has more than $800 billion in assets under management.

 

World’s biggest Blockchain ETF

At the launch, the Blockchain ETF will invest in a portfolio of forty-eight companies including the CME Group, a US exchange which had earlier launched bitcoin futures on the exchange and Taiwan Semiconductor Manufacturing, a company that supplies crypto mining machines. Other companies are those that have an exposer to the blockchain technology.

 

The Blockchain ETF will be based on a proprietary scoring system made by Elwwod Asset Management LLP. According to Bin Ren, the chief executive officer at Elwood, the blockchain goes past cryptocurrencies. He mentioned that although blockchain technology is mostly being used by financial companies, it will be implemented in a vast range of industries soon.

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