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While cryptocurrency markets have been red hot and gaining in value, demand for certain assets and liquidity has grown massive. At the same time, a myriad of crypto proponents are chasing significant returns by hunting for liquidity pools with colossal yields. These days certain decentralized finance (defi) applications can give a yearly ROI upwards of […]Powered by WPeMatico
Since the project launched a little over six months ago, Wrapped Bitcoin (WBTC) has roughly $5.9 million or 558 BTC locked into the system. At the rate WBTC’s token contract is climbing, the project is close to surpassing the Lightning Network’s capacity in the near future. Also read: The ”Wrapped Bitcoin” Project Has Now Officially […]
The post Ethereum’s Wrapped Bitcoin Set to Eclipse Lightning Network Capacity appeared first on Bitcoin News.
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When it comes to exploring potential alternative solutions to traditional cryptocurrency exchanges, the number of options continues to increase every quarter. Very few platforms can make a lasting impact at this time, although the Switcheo team has shown it can be done through hard work. With the previous quarter introducing major achievements, and the roadmap hinting at more to come, this solution can make a major impact in this volatile industry. Triple Blockchain Support Unlike what most people may think, the Switcheo platform is about much more than just supporting one particular blockchain. In the previous quarter, the team enabled
The post Top 3 Reasons to pay Attention to the Switcheo Platform appeared first on The Merkle Hash.
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In the cryptocurrency world, decentralization is finally starting to take center stage again. Albeit long overdue, it seems some projects are finally coming together. Switcheo introduces its atomic swaps on NEO and EOS this week. A very prominent development which shows how versatile the cryptocurrency industry can be at times. NEO and EOS Cross-chain Swaps It is rather interesting to see how atomic swaps can be facilitated between ecosystems which are very different from one another. Albeit EOS and NEO both provide dApp support, it seems both projects are heading in opposite directions at this time. However, that doesn’t mean
The post 3 Reasons to be Excited About Switcheo Enabling NEO/EOS Swaps appeared first on The Merkle Hash.
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In the cryptocurrency world, there is a growing focus on decentralized exchanges. These new trading platforms will no longer act as a custodian over customer funds, which is a pretty big development in its own regard. Switcheo, one of the newer DEXes on the block, is now introducing some features often found where centralized platforms are concerned. A DEX With CEX Features On the surface, decentralized exchanges offer a lot of benefits to users. They no longer require users to give up control over their funds at any given time. Instead, they can simply trade from their own wallet directly,Powered by WPeMatico
A lot of cryptocurrencies are undergoing change right now. We’ve seen a stronger focus on decentralized exchanges, which will remove the need to deal with centralized entities altogether. Switcheo Network is one of those projects which can make a rather large impact moving forward. The Concept of Switcheo As one would expect, Switcheo was built on top of the NEO platform. This new approach to creating decentralized trading solutions will certainly attract a lot of attention from NEO enthusiasts. The purpose of this project is to manage the entire trading experience on-chain, which should provide an experience similar to centralized exchanges without thePowered by WPeMatico