Kasper Rasmussen: EOSfinex: An Introduction

eosfinex announcements

Screen Shot 2018-09-13 at 16.37.43

EOSfinex is a high-performance, decentralised exchange built on EOS.io. technology. As an entirely trustless trading experience, EOSfinex will facilitate a highly-scalable network of peer-to-peer value exchange, unconstrained by borders and built around a foundation of transparency, speed and integrity.

Our underlying goal with EOSfinex is to construct a fully decentralised exchange that is built around 3 pillars:

1. Decentralisation

With EOSfinex we are working towards achieving full decentralisation, including on-chain order books, matching and settlement. Our aim is to deliver a trustless peer-to-peer trading experience and complete decentralisation is a prerequisite for this.

2. Trust

The key to a truly valuable decentralised trading experience comes through eliminating the need for trust. With EOSfinex, we are creating a transparent and auditable network of peer-to-peer exchange which can be monitored and verified by participants from around the world at any time.

3. Performance

EOSfinex prioritises high performance with a comprehensive understanding of the demands of professional traders. EOSfinex aims to replicate and exceed the current standard of cryptocurrency exchanges to deliver a new standard for decentralised trading.

 

EOSfinex mockup

EOSfinex interface mockup

 

EOSfinex will initially list all major pairs (EOS/USD, BTC/USD and ETH/USD) in order to swiftly expand with a more comprehensive token offering. The exchange contract is flexible and allows for the trading of any token created by a specific trusted contract. Furthermore, adding a new pair is trivial and can be done by anyone after the trusted contract issues a new tradable token.

Out of the gate, the contract will support market, limit, immediate-or-cancel, and post-only orders. We are able to create additional order types based on customer feedback and what is considered logical on a fully distributed exchange.

EOSfinex provides us with a platform to innovate within EOS, and to pioneer research within security, performance and scalability. EOSfinex will alter the way value is exchanged within a network and we are excited about the opportunities this will foster.

 

What’s To Come

We will be unveiling a beta version of EOSfinex at Blockchain Live in London, September 26th.

Blockchain Live is an international blockchain event for the public and private sector dedicated to tackling challenges related to blockchain adoption. We will be part of the Block.one village, a showcase of the most interesting and cutting-edge applications powered by the EOSIO software.

To be a part of the EOSfinex experience, register now.

 

The post EOSfinex: An Introduction appeared first on Bitfinex blog.

Original article was created by: Kasper Rasmussen at blog.bitfinex.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

Interested in Cryptocurrencies and ICO's?

Follow our telegram channel for daily cryptomarket reports!

Join @cointrends

Related Articles

pubDate Newsline
1 month ago Convert AION Tokens Into Coins Until Oct 19!
1 month ago New crypto strategies are out!
2 months ago The Daily: Bitfinex Building Decentralized Exchange, Bitpanda Adds Zcash

Stay on top of Altcoins and ICO trends.

Subscribe to our free Weekly Cryptomarket report

Delivered once a week, strongly to your inbox.

Subscribe to our mailing list
September 13, 2018
August 31, 2018

Service Disruption Post Mortem – August 31st

On Friday 31st August, 2018, the Bitfinex platform encountered an issue which forced us to suspend trading for a total of roughly 60 minutes. At 14.55 UTC the platform started encountering issues originating from our cloud hosting provider restarting a core matching server. Our team begun...

From: Kasper Rasmussen
August 27, 2018

VeChain (VEN) Migration Update – August, 2018

In early July, Bitfinex announced full support for the VeChain VEN – VET token swap. In line with this, we are pleased to be able to communicate the start of the VeChain migration process. To ensure a smooth and trouble-free migration for all our users, the token migration will be...

From: Kasper Rasmussen
August 20, 2018

Change Log: Version 2.9

  Throughout the previous 3 months we have dedicated a number of resources towards the layout, functionality and responsiveness of various front end components, including the Bitfinex order form. Recent efforts have gone towards rewriting trading books, funding books and order forms...

From: Kasper Rasmussen
August 12, 2018

Change Log: Version 2.8

  Major Changes Balance Widget Balance widget reworked to provide support for additional features such as limited widget height, search by symbol, sorting of balance columns by ‘USD equivalent’, ‘Show BTC equivalent’ & link to ‘balances...

From: Kasper Rasmussen
August 01, 2018

Fee Structure Update – August 1st, 2018

We are pleased to announce the addition of new fee tiers to Bitfinex, designed to reward traders and encourage the continuous addition of liquidity across our platform. These additions are a further demonstration of our commitment to delivering the most innovative and rewarding experience for...

From: Kasper Rasmussen
Upcoming ICO's
This week overview
Token Name Starts
Aditus (ADI) logo Aditus (ADI) 1 days
PlayChip (PLA) logo PlayChip (PLA) 2 days
Stem Cell (SCIA) logo Stem Cell (SCIA) 2 days
Nodvix (NVDX) logo Nodvix (NVDX) 3 days
B21 (B21) logo B21 (B21) 4 days
Coingrid (CGT) logo Coingrid (CGT) 4 days
Empleos (PLEO) logo Empleos (PLEO) 6 days
InnovaMinex (INX) logo InnovaMinex (INX) 7 days
WHIRL (WRL) logo WHIRL (WRL) 7 days
Gturbo (GTR) logo Gturbo (GTR) 7 days
Talent Token (TLNT) logo Talent Token (TLNT) 7 days
Cryptocurrency rates
*Last hour average price&change
Coin Name Price Hour
Bitcoin logo BTC $5607.92329744 -0.2%
Ripple logo XRP $0.5045164891 -1.13%
Ethereum logo ETH $176.309169444 -0.33%
Bitcoin Cash logo BCH $382.711075164 -0.63%
Stellar logo XLM $0.2467379678 -1.06%
EOS logo EOS $4.5705926291 -0.33%
Litecoin logo LTC $42.1140592923 -0.33%
Tether logo USDT $0.9923880525 0.04%
Cardano logo ADA $0.0614342163 -0.65%
Monero logo XMR $88.8249364581 -0.41%
Tronix logo TRX $0.018792198 -0.26%
IOTA logo IOT $0.4103437197 -0.42%