A Review of the New Stellarx Decentralized Exchange

A Review of the New Stellarx Decentralized Exchange

This week, Stellar launched its long-awaited decentralized exchange. Stellarx offers trading of a range of assets including cryptocurrencies from multiple blockchains, using stellar lumens (XLM) as the base currency. The exchange differs significantly from existing decentralized offerings, which are limited to tokens pertaining to a single blockchain – usually Ethereum. With Stellarx, however, users can trade BCH, BTC, USD, ETH and much more, but there’s a catch: non-native assets are represented as ‘tethers’.

Also read: Launching a Website on the Bitcoin Cash Network Is Now a Reality

Does Stellar’s New DEX Have the X Factor?

A Review of the New Stellarx Decentralized ExchangeOn the face of it, Stellar is an odd cryptocurrency project to be championing decentralization. Founded by Jed McCaleb as a fork of his former project, Ripple, Stellar is in many respects as centralized as the coin its codebase derives from. Are We Decentralized Yet? scores Stellar’s XLM cryptocurrency low on various decentralization metrics, noting that the top 100 accounts hold 95% of the total supply, there is just one client codebase controlling nodes, and a mere 111 public nodes are operational. By any reckoning, that makes XLM a heavily centralized cryptocurrency, and yet in Stellarx, we have a candidate for one of the most innovative and user-friendly decentralized exchanges seen yet.

To all intents and purposes, Stellarx operates as a true DEX should: users retain sole custody of their funds, trades are executed against other users, and Stellarx has no access to funds. Throw in the ability to trade non-native crypto assets such as BTC and BCH, plus the option of making fiat currency deposits, and Stellarx starts to sound more like a centralized exchange than a bare bones DEX on a par with IDEX or Forkdelta. There are some caveats that come with trading non-native Stellar assets, which we’ll get to shortly, but straight off the bat, Stellarx is more feature-rich than any of its counterparts.

A Review of the New Stellarx Decentralized Exchange

Trade Anything, Anywhere

“Any asset that is created on the Stellar network may theoretically be displayed, no matter whether it would be considered a currency, commodity, security, utility token, or other type of asset under your local applicable laws and regulations,” notes Stellarx in its Ts & Cs. “You are responsible for determining the legality of your transactions.” With each trade, the counterparty sends tokens directly to your Stellar wallet and vice-versa, ensuring that there is no custodial risk incurred. They explain:

On Stellarx, you can go US Dollars to Bitcoin to Chinese Yuan to Mobius from a single wallet. That’s not possible anywhere else.

Upon visiting Stellarx for the first time, you’ll be prompted to sign up by submitting an email address and password. That’s the only verification you need to trade on the platform, which is pretty cool, as is the built-in password strength calculator:

A Review of the New Stellarx Decentralized Exchange

You’ll then be prompted to create a private key for the Stellar wallet that will be tied to your trading account and to make a note of the recovery phrase. At this stage, Stellarx bears many similarities to the Waves decentralized exchange. The trading interface you’ll next be shown, however, accompanied by a platform walk-through, is far slicker than anything that any rival DEX has produced to date.

A Review of the New Stellarx Decentralized Exchange

The first question that users navigating their way around Stellarx may have is how the exchange of cross-chain assets is made possible. This has hitherto been a tough nut to crack, with atomic swaps seen as the likeliest solution to what is a complex problem to solve in a trustless setting. Stellar’s solution is surprisingly simple: the majority of the assets it offers are ‘tethers’ i.e tokenized representations. They explain: “They’re tied to either fiat like USD or to cryptocurrency from other chains, like Bitcoin and Ethereum. You can trade tethers like any other token, but you can also exchange them for the asset they’re tied to.”

So when you buy bitcoin cash or ethereum on Stellarx, what you’re really buying is a Stellar-issued token that represents that crypto. (The Waves DEX does something similar with ethereum, which is tradable on Waves despite operating on a different blockchain). On Stellarx, tokens are listed as either “fiat tethers”, “crypto tethers” or “native tokens”, the latter being native to the Stellar blockchain.

A Review of the New Stellarx Decentralized Exchange
The Stellarx bitcoin cash marketplace

Zero Fees and Human-Readable Addresses

In addition to boasting zero trading fees, Stellarx offers human-readable wallet addresses that comprise the email address you signed up with followed by “*stellarx.com”. Users who’ve no desire to publicly disclose their email address can use a non-identifiable public key instead. Assets listed on Stellarx can be filtered by volume, price, name, issuer, and other variables. Before you can begin trading you’ll naturally need to deposit funds into your account. In addition to XLM, Stellarx accepts USD, implemented with the aid of Anchorusd.com. While KYC is required to use Anchor’s service, it’s nevertheless novel to see a DEX offer fiat deposits.

A Review of the New Stellarx Decentralized Exchange
For users who don’t hold XLM, Changelly will provide crypto exchange

When it comes to withdrawing funds, there are two options: select another Stellar address or choose an off-chain account. If you’re holding ‘tethered’ funds such as BTC or BCH, you’ll need to visit the website of the issuer who offered the asset. In the case of BTC, for example, that means visiting Naobtc and converting your Stellar BTC for real BTC, or with BCH it necessitates swapping tokens at Apay. Stellarx will soon support off-chain withdrawals in-app, making this process less convoluted. There’s still plenty of work to be done on improving the platform, adding more assets, and onboarding enough users to build sufficient liquidity. On early evidence, though, Stellarx has a lot going for it, forming a welcome addition to the decentralized exchange ecosystem.

What are your thoughts on Stellarx? Let us know in the comments section below.


Images courtesy of Stellarx.


Need to calculate your bitcoin holdings? Check our tools section.

The post A Review of the New Stellarx Decentralized Exchange appeared first on Bitcoin News.


Source: bitcoin.com
A Review of the New Stellarx Decentralized Exchange

Let's Talk Bitcoin! #377 Sidechains, Drivechains and the Apple Store

On Todays Episode of Let’s Talk Bitcoin…

Adam B. Levine, Stephanie Murphy and Jonathan Mohan are joined by returning guest Paul Sztorc for a look at the past, present and future of Sidechains and the now-on-testnet “Drivechain” token recovery mechanism.

  • Apple Store Robbery

Other Links mentioned during the episode:

Support the Show!

Tip LTB:1FZGD64BA7B9GdwDhGGGF92amt9X6VH38K

or Via the Lightning Network at http://tipltb.tokenly.com/


This episode was sponsored by EasyDNS.com and Stamps.com. It featured content from Stephanie Murphy, Jonathan Mohan, Paul Sztorc and Adam B. Levine.

Music for episode 377 was provided by Jared Rubens and General Fuzz, with editing by Matthew Zipkin and Adam Levine.

Email questions or comments to [email protected]


Source: letstalkbitcoin
Let’s Talk Bitcoin! #377 Sidechains, Drivechains and the Apple Store

Huobi Denies Involvement in Alleged EOS Voting Manipulation

EOS huobi

Huobi has denied any involvement in the alleged EOS voting manipulation and collusion that emerged last week. The allegation of collusion among EOS block producers (BPs) comes firmly on the heels of news that four senior executives recently resigned form Block.one – the EOS parent company.


Multiple EOS BPs Accused of Manipulating Votes

According to local Chinese media outlet, Jinse, Huobi has distanced itself from reports of collusion among EOS BPs. cnLedger in a tweet published on Saturday said that the cryptocurrency exchange platform which is also an EOS BP denied having any quid pro quo arrangement with other BPs.

On Wednesday (September 26, 2018), a leaked spreadsheet emerged which allegedly showed many EOS BPs participating in coordinated mutual voting. According to local sources in China, the elaborate voting manipulation appears to be among China-based EOS BPs.

The Twitter account (@MapleLeafCap) provided a detailed analysis of the leaked spreadsheet. In it, Huobi is shown to vote for about 20 other BPs, with 16 of them returning the favor. The analysis also indicates Huobi voting for three block producers in exchange for some percentage returns.

Much Ado About Nothing

While the evidence presented in the collusion case appears damning, some EOS enthusiasts believe it is much ado about nothing. A Redditor ‘eosview’ posted a personal analysis of the situation that highlights the uproar as nothing but FUD.

According to eosview, the fact that Block.one is yet to commence voting means that the activities of these alleged manipulators will account for nothing. Going further, eosview said that collusion required a lot of money to maintain control noting:

If there was collusion as people are suggesting, then think about how much money these colluders would have to invest to maintain control. Price would definitely keep going up on them depending on how much they want to control it.

Meltem Demirors, the Chief Strategy Officer at Coinshares commented on the issue in a tweet posted on Saturday, saying:

Not discounting the views of those who say the matter is irrelevant but if it turns out to be true, then would yet another blight on an already chequered EOS reputation. For many critics of the project, the allegations are a pointer to the lack of centralization within its governance framework.

What are your thoughts on the reports of alleged collusion and voter manipulation among BPs? Let us know your thoughts in the comment section below.


Images courtesy of Twitter (@MapleLeafCap), Shutterstock

The post Huobi Denies Involvement in Alleged EOS Voting Manipulation appeared first on Bitcoinist.com.


Source: bitcoinist
Huobi Denies Involvement in Alleged EOS Voting Manipulation

Altcoin (CRYPTO:ALT) Tops One Day Trading Volume of $3,587.00 … – Baseball Daily News

Prudour NewsAltcoin (CRYPTO:ALT) Tops One Day Trading Volume of $3,587.00 …Baseball Daily NewsAltcoin (CURRENCY:ALT) traded down 0.6% against the U.S. dollar during the one day period ending at 19:00 PM ET on September 22nd. One Altcoin token …Altcoin (ALT) Crypto Total Market Cap Hits $696,371 as Price Down …Prudour News (blog)all 2 news articles »
Source: worldnewsoffice
Altcoin (CRYPTO:ALT) Tops One Day Trading Volume of ,587.00 … – Baseball Daily News

Launching a Website on the Bitcoin Cash Network Is Now a Reality

Launching a Website on the Bitcoin Cash Network Is Now a Reality

On September 29, Bitcoin Cash enthusiast Donald Mulders wrote an interesting post on the social media network Yours.org. The post detailed that he was attempting to host a website on the Bitcoin Cash (BCH) chain using the Bitdb 2.0 application. Following the write-up, and with a little help from the BCH developer Unwriter and a tool called Cryptograffitiweb, Mulders’ on-chain hosted website ‘Bitcoin Cash Hoarder’ can now be seen on any browser.

Also read: Markets Update: Digital Asset Consolidation and Accumulation Continues

Hosting a Simple HTML Website on Bitcoin Cash

Launching a Website on the Bitcoin Cash Network Is Now a Reality
Donald Mulders.

Over the last few months, there have been many projects tied to the BCH chain and the developer Unwriter has created quite a few of them. Earlier this week we reported on Unwriter’s autonomous database called Bitdb 2.0, a platform that takes a bitcoin transaction and files it in a structured readable document or in Donald Mulders’ case HTML code. The platform inspired Bitcoin Cash enthusiast Mulders to attempt to host a simple HTML website that’s tethered to the BCH chain. In the post, Mulders says he can do a little HTML coding and mess with other people’s structured code, but he admits he isn’t a fluent programmer just yet.

“I started playing around with an idea to see how far I could take it — The idea is to host a simple HTML website on the bitcoin cash blockchain that easily could be viewed in a browser so that even my own mother is able to view it as if it was just an ordinary website,” Mulders details.

He continues:

Imagine if someone could publish sensitive information without the need for organisations such as Wikileaks, readable as a website for anyone in the world — This way anyone could publish information anonymously without endangering themselves or any middleman.

Launching a Website on the Bitcoin Cash Network Is Now a Reality
Donald Mulders’ code on Cryptograffiti.info

Bitcoin Cash Hoarder: A Website Served From Bitcoin — Written in 5 Minutes

Mulders then created an extremely simple website in HTML with the classic Snake game in javascript and uploaded the code using the site Cryptograffiti. After that, Mulders wanted to extract the data from the BCH chain so it could be displayed in a website and used Bitdb to query the code he uploaded. However, the experiment came to a halt when he just couldn’t get the site to work on a traditional browser. All Mulders could do was make the HTML code visible and store it as an HTML file on his computer and open it that way. After seeing the post on Yours, the creator of the Bitdb application, Unwriter, decided to help Mulders finish the process.

“I actually went ahead and wrote a simple web app that successfully renders this,” explains Unwriter. On Twitter, the developer explains there’s a chance the website content may change because it loads from the first transaction from that address — Nonetheless it is still the first website hosted on the BCH chain in this manner.   

And here it is… A website served from Bitcoin — Written in 5 minutes, with 59 lines of code.

Launching a Website on the Bitcoin Cash Network Is Now a Reality

The website can be viewed on any web browser at the Bitcoin Cash Hoarder address and the HTML website’s source code can be found at the Cryptograffitiweb Github repository. BCH community members seemed to like the idea on the Reddit forum r/btc and the developer of the website Cryptograffiti also complimented the work Unwriter and Mulders accomplished. After messing around refreshing the site and using different browsers, sometimes the game loads and sometimes it doesn’t so this particular website is far from perfect. But the implications of an uncensorable webpage hosted on the BCH network are huge.

What do you think about the Bitcoin Cash Hoarder website and the idea behind it? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Bitcoin Cash Hoarder, and Donald Mulders Yours.org page.


Want to create your own secure cold storage paper wallet? Check our tools section. 

The post Launching a Website on the Bitcoin Cash Network Is Now a Reality appeared first on Bitcoin News.


Source: bitcoin.com
Launching a Website on the Bitcoin Cash Network Is Now a Reality

Bitcoin [BTC] and cryptocurrency regulations discussed by US Congress members in a letter to the SEC

The mainstream adoption and regulation of cryptocurrencies are being discussed again with members of the House of Representatives sending a letter to Jay Clayton, Chairman of the Securities and Exchange Commission [SEC] on Friday, 28th September. The main issue that was being discussed via the letter was the creation of a distinction between digital assets […]
Source: bitcoinwarrior
Bitcoin [BTC] and cryptocurrency regulations discussed by US Congress members in a letter to the SEC

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap

Wallet provider Blockchain.com has created an OTC trading desk as part of its efforts to cater to institutional investors. Also in The Daily this Sunday, Shapeshift launches the redesigned Coincap tracker, Kraken lists Cardano and Qtum, and Compound offers its users the option to short cryptocurrencies.

Also read: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-Ins

Blockchain.com Launches OTC Trading Desk for Institutional Investors

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches CoincapBlockchain.com, the popular cryptocurrency wallet provider, has launched an over the counter (OTC) trading desk as part of its plans to attract institutional investors. The company already offers custodial services tailored to serve the needs of clients such as hedge funds and asset managers. The move will allow Blockchain to conduct large private crypto trades outside of public exchanges.

Former DRW fixed-income trader, Vince Machi, is running the new OTC desk, according to a source familiar with the development, quoted by The Block. The news comes after earlier reports that Jamie Selway, the former head of electronic brokerage and execution services at Investment Technology Group (ITG), has taken responsibility for Blockchain’s institutional efforts.

A number of companies in the space already provide OTC services, including DRW and DV Trading as well as established cryptocurrency exchanges such as Kraken and Itbit. Blockchain.com claims to have 28 million downloads of its wallet offered as part of its retail business.

Shapeshift Announces the New Coincap Tracker

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches CoincapDigital asset exchange Shapeshift has announced the relaunch of its cryptocurrency tracker, Coincap. The rebuilt platform now offers users new features and functions for tracking and interacting with global pricing data for cryptocurrencies and tokens, the company said in a blog post. Coincap, which is one of the alternatives to Coinmarketcap, offers real-time market data for these assets, including market capitalization, 24-hour coin and exchange volume, and available supply. It supports more than 1,000 cryptocurrencies and uses information from over 65 crypto trading platforms.

Some of the new features that come with the update include real-time price and market changes, exchange pair and volume listings, trading view with granular candle charts, timestamped status updates, and a new API with more endpoints such as rates, exchanges, markets, and candles. The Coincap.io website now features mobile-friendly design, dark mode and is free of ads. Redesigned mobile apps for Android and iOS users are expected to be released by the end of the year.

Commenting on the relaunch, Shapeshift’s founder and CEO Erik Voorhees noted: “Coincap’s new web and API service, built entirely from the ground up, is another way we are committed to creating the best experience for our users. This is the next step in a product delivering reliable and transparent crypto market data,” he said.

Kraken Adds New Coins – Cardano and Qtum

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches CoincapUS-based exchange Kraken has added two new cryptocurrencies to its listings, Cardano (ADA) and Qtum (QTUM), the trading platform announced in its blog and on social media. Trading for the two coins started this past Friday. ADA and QTUM are to be paired with USD, CAD, EUR, BTC, and ETH. According to the press release, margin trading will not be available at launch, but may be enabled in the future. The company says it plans to list more digital asset but notes it will follow its policy not to reveal the details in advance.

Compound Offers Option to Short Cryptocurrencies

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches CoincapCustomers of Compound, a platform for borrowing and lending digital coins, will now be able to earn money from falling crypto prices. The firm has reportedly launched a money market protocol for shorting cryptocurrencies. The option allows users to borrow and short Ethereum (ETH), 0x (ZRX), Basic Attention Token (BAT), and Augur (REP). The company’s chief executive officer, Robert Leshner, told Techcrunch that if or when Compound scales, “this will lead to some really interesting improvements in market structure, namely, fairer prices.” The startup, which is funded by Coinbase, Andreessen Horowitz and Polychain Capital, has established partnerships with over two dozen hedge funds, including high-frequency trading platforms and over the counter trading desks.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock, Coincap.


Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

The post The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap appeared first on Bitcoin News.


Source: bitcoin.com
The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap

Wallet provider Blockchain.com has created an OTC trading desk as part of its efforts to cater to institutional investors. Also in The Daily this Sunday, Shapeshift launches the redesigned Coincap tracker, Kraken lists Cardano and Qtum, and Compound offers its users the option to short cryptocurrencies.

Also read: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-Ins

Blockchain.com Launches OTC Trading Desk for Institutional Investors

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches CoincapBlockchain.com, the popular cryptocurrency wallet provider, has launched an over the counter (OTC) trading desk as part of its plans to attract institutional investors. The company already offers custodial services tailored to serve the needs of clients such as hedge funds and asset managers. The move will allow Blockchain to conduct large private crypto trades outside of public exchanges.

Former DRW fixed-income trader, Vince Machi, is running the new OTC desk, according to a source familiar with the development, quoted by The Block. The news comes after earlier reports that Jamie Selway, the former head of electronic brokerage and execution services at Investment Technology Group (ITG), has taken responsibility for Blockchain’s institutional efforts.

A number of companies in the space already provide OTC services, including DRW and DV Trading as well as established cryptocurrency exchanges such as Kraken and Itbit. Blockchain.com claims to have 28 million downloads of its wallet offered as part of its retail business.

Shapeshift Announces the New Coincap Tracker

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches CoincapDigital asset exchange Shapeshift has announced the relaunch of its cryptocurrency tracker, Coincap. The rebuilt platform now offers users new features and functions for tracking and interacting with global pricing data for cryptocurrencies and tokens, the company said in a blog post. Coincap, which is one of the alternatives to Coinmarketcap, offers real-time market data for these assets, including market capitalization, 24-hour coin and exchange volume, and available supply. It supports more than 1,000 cryptocurrencies and uses information from over 65 crypto trading platforms.

Some of the new features that come with the update include real-time price and market changes, exchange pair and volume listings, trading view with granular candle charts, timestamped status updates, and a new API with more endpoints such as rates, exchanges, markets, and candles. The Coincap.io website now features mobile-friendly design, dark mode and is free of ads. Redesigned mobile apps for Android and iOS users are expected to be released by the end of the year.

Commenting on the relaunch, Shapeshift’s founder and CEO Erik Voorhees noted: “Coincap’s new web and API service, built entirely from the ground up, is another way we are committed to creating the best experience for our users. This is the next step in a product delivering reliable and transparent crypto market data,” he said.

Kraken Adds New Coins – Cardano and Qtum

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches CoincapUS-based exchange Kraken has added two new cryptocurrencies to its listings, Cardano (ADA) and Qtum (QTUM), the trading platform announced in its blog and on social media. Trading for the two coins started this past Friday. ADA and QTUM are to be paired with USD, CAD, EUR, BTC, and ETH. According to the press release, margin trading will not be available at launch, but may be enabled in the future. The company says it plans to list more digital asset but notes it will follow its policy not to reveal the details in advance.

Compound Offers Option to Short Cryptocurrencies

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches CoincapCustomers of Compound, a platform for borrowing and lending digital coins, will now be able to earn money from falling crypto prices. The firm has reportedly launched a money market protocol for shorting cryptocurrencies. The option allows users to borrow and short Ethereum (ETH), 0x (ZRX), Basic Attention Token (BAT), and Augur (REP). The company’s chief executive officer, Robert Leshner, told Techcrunch that if or when Compound scales, “this will lead to some really interesting improvements in market structure, namely, fairer prices.” The startup, which is funded by Coinbase, Andreessen Horowitz and Polychain Capital, has established partnerships with over two dozen hedge funds, including high-frequency trading platforms and over the counter trading desks.

What are your thoughts on today’s news tidbits? Tell us in the comments section below.


Images courtesy of Shutterstock, Coincap.


Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

The post The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap appeared first on Bitcoin News.


Source: bitcoin.com
The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap