New Exchange to Offer Customizable Dashboards — Giving Traders the Information They Want

A new exchange says it has the goal of becoming “the most professional, global and secure marketplace for digital assets” — utilizing state-of-the-art technology that it claims can deliver a processing capacity of 1.5 million order matches per second.

ProBit says its platform is “fast, robust and reliable” — helping to give its users an upper hand while trading. The company says security is a priority, and this is why it promises to store “95 percent or more of digital assets in a cold wallet” — protecting users against security breaches and theft. Hardware security keys are also being made available to traders, which are “impossible for hackers to crack,” yet convenient to use.

According to the company, many traders end up using multiple exchanges because they cannot find the trading pairs they want — or because the user interfaces are too difficult to understand. ProBit aims to remedy this problem through a modular dashboard — meaning that the layout can be personalized around the needs and interests of a trader. Instead of pushing the same information to every user, Probit appreciates different crypto enthusiasts are interested in different things, and wants to put the power in their hands.

Through ProBit, “a wide array of the most trusted coins and tokens on the market” can be traded — and the company says that more than 150 cryptocurrencies will be available. This is complemented by hundreds of trading pairs. Five of them — Bitcoin, Ethereum, USDT, EOS and the native ProBit token among them — serve as “base currencies.”

Customizable user interface for traders of all levels

According to ProBit, many of the exchanges out there at the moment are failing to hit the sweet spot when it comes to attracting users from all backgrounds. It says that, as a rule, most exchanges are geared toward inexperienced traders or experts. Although some platforms do enable traders to toggle between basic and advanced modes, the ProBit says this just means that every user is not getting what they fully need.

This is the rationale behind the fully customizable interface. Every component can be moved and resized as per their priorities — enabling traders to benefit from a service that acts as the left hand to their right hand. This personalization even extends to the colors used on tickers, giving users the chance to find a layout tailor made for them.

Of course, using a crypto exchange for the first time can be a daunting experience — and this is why ProBit offers an array of preset layouts for new users. This serves as a starting point which enables traders to figure out how they want to lay out the vast amounts of information that the company exchange has to provide.

ProBit says that its platform will be active 24/7, and customer support will be available in multiple languages — cementing its goal of becoming a global exchange.

A global player

The company is clear that it wants to be more than a copycat exchange that seems to offer identical features to the platforms already out there. ProBit says this ambition is going to be realized thanks to its team of executives. While CEO Hyunsu Do worked as an accelerator for fintech and blockchain-based companies, CTO Steve Woo amassed 25 years of experience in the software industry thanks to his tenure as CEO of Linux International.

The main sale of ProBit tokens — known as PROB — is taking place on Dec. 3, 2018 and will last for only one day. The company stresses that these tokens are never going to be used for marketing or bounty services. Moreover, its team adds that they are not going to charge listing fees for projects to be traded on ProBit for three reasons: to protect users, because it amounts to a conflict of interest and because it enables them to be selective.

Ronald Chan, the director of partnership for ProBit, shared that projects from around the world have submitted themselves for listing on ProBit because of the co-marketing campaign that ProBit and crypto projects will conduct together. He added that this win-win partnership raises the visibility of both parties.


Source
Author: Connor Blenkinsop
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Winklevoss Twins Win Patent for Securely Storing Digital Assets

The Winklevoss twins have won a patent for securely storing digital assets which adds to a long list of nine successful patents won by the billionaire twins, per information published on the website of the U.S. Patent Office.

The new patent, labeled 10,068,228 sets out a plan for cold storage of digital assets by building a computer network, made up of isolated computers used to host secure storage wallets for cryptocurrencies and cryptocurrency exchange-traded products (ETPs).

According to the filed document with the Patent Office, the computers will be physically separated from one another, but will be connected to the blockchain when moving assets and carrying out transactions on the network. As a result, they will effectively function as cold storage devices permitting user access only with the use of unique cryptographic keys.

New storage accounts on the network will have a separate cryptographic key, divided into several parts with each fragment saved onto an external storage device such as a USB drive, physically engraved onto paper, laminated cards and more.

An excerpt from the patent document abstract states that the “reference identifier” may be associated with each “digital asset account.”

“A respective reference identifier may be associated with each digital asset account. At least one of the one or more private keys corresponding to each digital asset account may be divided into a plurality of private key segments and written to a card along with the respective reference identifier to create sets of collated cards, wherein each set comprises cards corresponding to different private keys.”

The storage of the cryptographic keys starts at production. According to the document, they may be stored on both physical and electronic mediums, but at least, one set of the keys must be kept on an electronic storage device such as a USB drive. The document further states that, when keys are not created onsite at the storage location, they must be delivered in person or via fax to the storage location. Owners must also present three separate forms of identification when creating and accessing their accounts.

The application reads in part:

“In embodiments, private keys for a multi-signature account may be distributed to a plurality of users who are required to authorize a transaction together. In embodiments, private keys for a multi-signature account may be stored as backups, e.g., in secure storage, which may be difficult to access, and may be used in the event that more readily available keys are lost.”

Several industry heavyweights have been clamoring for a reliable custody solution. Earlier this year, Goldman Sachs announced it was considering launching a crypto custody service. Famed crypto investor Mike Novogratz also weighed in on the matter, while speaking to Ran Neu-Ner on CNBC’s ‘Cryptotrader,’ where he suggested that a custody service from a trusted source could result in a price recovery of digital assets.

“I think the next move up is going to need custody from a trusting source. […] If I’m in the state of Wisconsin, I’m not going to risk my job on a company called BitGo.”


Source
Author:  Jimmy Aki
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Coinage CEO: Market Needs to Move Beyond Bitcoin

Bitcoin is still the king of the cryptocurrency world, with almost every altcoin heavily tied to its price. Coinage CEO Chad Pankewitz, however, believes the market needs to move beyond Bitcoin if it is to have a sustainable future.



FUTURE OF TRADING DIGITAL ASSETS

There are dozens of exchanges currently open to the public and almost all of them use Bitcoin as a trading pair to hundreds of other altcoins. Using Bitcoin is often the only way to purchase many other cryptocurrencies, especially projects that have yet to gained widespread recognition.

Coinage CEO Chad Pankewitz thinks that a Bitcoin decoupling needs to happen sooner rather than later. He told Venture Beat:

“From a long-term perspective, we want to take a stand, and the first steps toward moving the market away from being tied to Bitcoin…There are thousands of projects in cryptocurrency – distributed apps, blockchain use cases, and smart contract platforms across every industry vertical. Each has their own project, company, team, utility, levels of funding, traction, community, and business model. We believe these companies’ valuations should not be tied to Bitcoin and should be valued on their individual merits, much like a traditional stock market.”

Bitcoin is a critical part of the cryptocurrency ecosystem. It is the most secure, valuable, and traded coin on the market. In many cases, it is the only digital currency that people outside of the community have ever heard of. Bitcoin is essentially the poster child of the entire cryptocurrency movement and a large crash would send shock waves throughout the entire space, bringing most altcoins down with it.

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WHAT WOULD REPLACE THE KING OF CRYPTO?

Many altcoin supporters are anxiously awaiting the “flippening” – an event that happens when another coin manages to surpass Bitcoin in market capitalization and other metrics.

Community members from other popular coins like ETH and BCH have been expecting this for over a year. While it has not happened yet, Bitcoin’s market share is dropping across the market.

A move away from Bitcoin toward using USD-backed tokens such as Tether or TrueUSD – or even the Dollar itself – could bring benefits for exchange customers – especially inexperienced ones:

“When trading and investing, it is much easier to understand numbers in dollar terms versus Bitcoin terms. It is crazy that we are made to figure out these difficult decimal numbers, such as BTC 0.0014758, when trading. We want to bring simplicity back to trading crypto…By having one stable side to the trading pair, it allows the exchange to manage risk better and offer customers more advanced products, margin trading on alt-coins, short selling, and — in the future — derivatives on a wider range of assets.”

There are only a handful of exchanges that offer fiat to altcoin pairs, and the selection of altcoins that they do offer is limited. Outside of the top five cryptocurrencies, you’re going to have a hard time finding a way to buy directly with fiat.



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Author Matthew Hrones
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