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Blockonix confirms the launch of its Crypto Wallet.

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Blockonix decentralized Exchange which was all over the news lately for being the cheapest and most user-friendly decentralized exchange will soon launch its cryptocurrency wallet- Blockonix Wallet as it revealed in a tweet today

Blockonix decentralized Exchange which was all over the news lately for being the cheapest and most user-friendly decentralized exchange will soon launch its cryptocurrency wallet- Blockonix Wallet as it revealed in a tweet earlier today:

 

Blockonix Wallet

The Blockonix Wallet will feature a large amount of Ethereum Based Tokens and just as the Blockonix Exchange, the wallet too is going to be fully decentralized and run on the Ethereum network (Blockchain).

 

Blockonix Exchange:

The Blockonix Exchange is one of a kind decentralized exchange which has every function from token listing to trading; on the blockchain, the company owns no wallet or functions of the exchange. Not only this, but the company works on a revenue-free model with all the fee earned through trading and listing of new tokens burnt automatically every day through an Ethereum Smart Contract. Apart from this Blockonix offers a tremendous amount of discount (70%) if the user pays the trading fees in BDT Tokens (The native token of the Exchange).

 

The team has not yet revealed the exact date for the wallet launch but it may be in the next few weeks as the team is currently in the testing stage of the wallet. The Blockonix Wallet could turn up to be positive for the Ethereum community as well which is facing a downfall from the past couple of weeks.

 

Will Blockonix Wallet help surge the price of ETH as well? What do you think? Tell us in the comments section below.

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Blockonix releases its updated roadmap, might shift its dApp to EOS or Tron

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Decentralized ethereum exchange Blockonix announced its new roadmap today mentioning about its plans to shift to other dApp platforms like EOS or TRON.

Decentralized ethereum exchange Blockonix announced its new roadmap today mentioning about its plans to shift to other fast and cheap dApp platform like EOS or TRON.

Blockonix Exchange currently runs on the ethereum network blockchain and lets the users trade Ethereum and Ethereum based tokens in a decentralized environment without the involvement of any third party.

The article posted by Blockonix reads:

The team is researching blockchains such as EOS, TRON, STRATIS, CARDANO and some others where the main point of concern is the adoption of the particular blockchain by users across the world.

 

roadmap

 

Blockonix roadmap as published here.

0% earning for Blockonix: Complete Decentralization

The Blockonix Exchange is one of a kind decentralized exchange which has every function from token listing to trading; on the blockchain, the company owns no wallet or functions of the exchange. Not only this, but the company works on a revenue-free model with all the fee earned through trading and listing of new tokens burnt automatically every day through an Ethereum Smart Contract. Apart from this Blockonix offers a tremendous amount of discount (70%) if the user pays the trading fees in BDT Tokens (The native token of the Exchange).

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#Blockonix

Blockonix Decentralized Exchange exploring other blockchains

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Blockonix Decentralized Exchange revealed by an official tweet earlier today that it has started researching on other blockchains.

Blockonix Decentralized Exchange revealed by an official tweet earlier today that it has started researching on other blockchains. Blockonix had a successful launch of its decentralized exchange on the ethereum network earlier this year.

 


Blockonix Exchange currently runs on the ethereum network blockchain and lets the users trade Ethereum and Ethereum based tokens in a decentralized environment without the involvement of any third party.

Issues with Ethereum Network:

1. Slow
2. Boat the Blockchain: The on chain orders result in transactions that consume network bandwidth.
3. High gas cost
4. Upgradation issue: Users are forced to take out their funds from the smart contract during a smart contract up-gradation.

What can be the options for Blockonix?

 

EOS:

The EOS network is believed to overtake ethereum shortly as EOS Network is a faster and more reliable chain as some network congestions were experienced by people using the ethereum blockchain platforms whereas the EOS Blockchain seamlessly scales for a vast customer case.

 

Lisk:

Unlike other platforms, Lisk understands this hindrance of complex programming languages as it utilizes Javascript, which makes it simple for any developer to hop in. Lisk presents the idea of ‘Side Chain’ paired with an SDK which enables the developers to manufacture their blockchain and the decentralized applications on it while keeping it secure by appending it to the fundamental LISK blockchain. These side chains work independently from the primary blockchain. Subsequently, there is no impact of the happenings of Sidechains on the primary network while as yet staying secure as it’s kept up by the fundamental blockchain network.

 

Stratis:

Stratis supports C# compatible with the Microsoft.Net framework. It offers the end-to-end solution for C# blockchain applications from improvement to the arrangement on the .Net structure. It is a “Blockchain as a Service (BaaS)” that enables the developers to manufacture their uniquely designed decentralized applications.

 

Qtum:

Qtum is the hybrid blockchain that permits building DApps. Qtum can be used to host Initial Coin Offerings and it also supports ERC20 standards. It likewise supports SegWit and has a built-in-framework utilizing smart contracts. It empowers customers to change the blockchain parameters quickly and impeccably without irritating the natural network.

 

Cardano:

Cardano intends to make a cutting-edge smart contract platform and eco-system. Cardano is a decentralized open blockchain and is entirely open source so the source code is made accessible for utilize or adjustment as clients or different developers see fit. Cardano is in a race to create shrewd contract stage and it can convey further advanced features.

 

Which platform do you think is the future for Decentralized Exchanges? Tell us in the comments section below.

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John Mcafee: Trust only Decentralized Exchanges

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Decentralized exchanges (DEX) will before long gain the core of the cryptocurrency network with parts jettisoning centralized exchanges.

John McAfee, the security master turn cryptocurrency devotee, who is accepted to have the precious stone ball for his correct expectations in the cryptocurrency showcase as he would like to think says that decentralized exchanges (DEX) will before long gain the core of the cryptocurrency network with parts jettisoning centralized exchanges. This he says will drive them to shut down.

 

Decentralization Over Centralization

His most recent assessment is joining that of Ethereum’s prime supporter, Vitalik Buterin who remarked around two months back, saying he “certainly trusts centralized exchanges go consume in damnation however much as could be expected.”

Despite the fact that McAfee’s reasons are somewhat not quite the same as that of Vitalik’s, McAfee trusts the following five years would convey decentralized exchanges to the spotlight, pursuing centralized exchanges to annihilation.

In his view, the world will grasp cryptocurrencies and blockchain due to its “permissionless characteristics.” Citing a case between two gatherings in a money related exchange, he says in the present budgetary framework, the experts could put a stop to such exchange. Same goes for centralized exchanges as he says they could end up deceptive, utilizing clients assets voluntarily, solidifying people assets, or closing down completely without being followed.

With blockchain, he says holds “confirmation of reality”; record of truth. Furthermore, notwithstanding when something occurs, it’s anything but difficult to spot if it’s actual or not which by and by is impossible with centralized exchanges.

Prompting the crypto network, he says all everybody needs is “presence of mind,” which will make everybody understand that centralized exchanges cause more mischief than anything to the vision of cryptocurrency and decentralization.

 

Blockonix – A 100% contract based DEX

Blockonix is based on the Ethereum platform and completely run by a collection of smart contracts. The users of Blockonix have the facility to trade cryptocurrencies of their choice without the intervention or control of any of the developers or the team members of the exchange. In simple words, the user is the only person who is in the complete control of his funds. Privacy is one of the major concern and is not at all compromised in case of Blockonix. The whole system runs on the Distributed Smart contract environment.

 

0.03% Transaction Fee on Blockonix

You read it right. Trading fee on Blockonix is only 0.03%. This fee is collected in Ether or BDT, apart from the gas price. This collected Ether or BDT is not the exchange’s profit. Rather 100% of the fee collected is used to buy back and burn BDT, decreasing the total supply of the native token, whose use is to avail 70% discount on the trading fee on Blockonix.

 

What do you think about decentralized exchanges? Let us know in the comments section below.

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