Bitfinex To Build High-Performance Decentralized Exchange On EOS.IO Platform!!!

Bitfinex , the well known cryptoexchange, has just raised the bar for decentralized cryptoexchange. this they also announced the launch of new decentralized cryptoexchange called "EOSfinex"

EOSfinex is different from other decentralized exchanges on the market due to its underlying technology, which will combine the scalability and speed of EOS.IO with Bitfinex expertise.

EOS.IO is a blockchain protocol being built by the company block.one. EOS.IO enables horizontal scaling of decentralized applications, allowing developers to efficiently create high performance distributed applications. The EOS.IO software provides accounts, authentication, databases, and the scheduling of applications across multiple CPU cores and/or clusters. This allows for a number of benefits including horizontal scalability and the replacement of user fees with an ownership model, and it powers the simple deployment of decentralized applications.

“Existing blockchain platforms are unable to meet the high performance requirements demanded by decentralized exchanges. We believe EOSfinex will be an ambassador for the capabilities fundamentally enabled by EOS.IO,” said Brendan Blumer, the CEO of Block.one.

              WHAT THIS MEANS FOR CENTRALIZED CRYPTO EXCHANGES

Ultimately, Bitfinex’s creation of EOSfinex could mean a few things for leading centralized exchanges.

First, it demonstrates interest in adapting to a new model that allows users to trade in a peer-to-peer fashion. Rather than keep users’ money on an exchange that is prone to hacks, decentralized exchanges provide a sense of security.

Secondly, the implementation of EOS.IO technology shows that decentralized exchanges are capable of hosting millions of transactions in a matter of seconds with new infrastructures.

Yet the major point to keep in mind here is that large crypto exchanges are looking for new ways to secure their platforms. This could very well result in an increase in the number of decentralized exchanges in the cryptocurrency marketplace.

pc source https://themerkle.com/bitfinex-builds-a-high-performance-decentralized-exchange-on-the-eos-io-platform/