cryptoscrimper reblogged
A Crypto “Mining” App That May Not Be As Silly As You Think
Earn a bit of Passive Income with TokeTuber This is a pretty neat little site I've started using recently. This is NOT the next decentralized version of YouTube. It's basically an "earn while you learn," video platform dedicated to cryptocurrency education for the masses. It's listed on CoinMarketCap, but no data is listed there yet. How it works is basically anyone can add any YouTube URL that they think is good crypto education. Users then upvote the ones they like, up to 5 upvotes per day.
If you vote for something that ends up going viral on TokenTuber, you will earn a fair bit of TUBER, especially if you upvoted it early in its launch on the platform. You can also invite the video creator to 'claim' his/her video, in which case you will both earn TUBER. Share videos w/your friends via your own link, or share your referral link. People who sign up (simple sign up process) and go on to use the platform, you get a good share of what they earn for 30 days. It's super easy, and if you enjoy crypto content, it's not like it's even like work. There's hundreds of explainer videos like "What is Stellar Lumens?" "What is EOS?" etc
ProTip: Scroll down to the bottom of the home page to the "Latest" category. Obviously that's where you're going to find the least upvoted videos, which are the ones that have the most earning potential. It's very early days, so if you start using it now, your earnings could really add up over time. Hopefully they get listed on exchanges and we can cash in at some point. But I honestly think it serves a very valuable purpose and has some promise. I enjoy using it anyway, so at the worst i learned a few interesting things watching vids. The Key to making the earning potential worthwhile is to check in everyday and get your 5 upvotes in.
Don’t forget to take the Crypto Quiz to earn a quick 500 TUBER after signing up
A Crypto “Mining” App That May Not Be As Silly As You Think
Earn crypto tips for both writing AND reading on crypto centered blogging platform Publish0x, one of my favorite places to hang out for all things crypto
cryptoscrimper reblogged
Decentralized Exchanges Are Evolving at Last
The humble DEX has come a long way since the days of Etherdelta. While not all of those steps have been forward – such as the enforcement of KYC on IDEX – the scope and quality of decentralized trading platforms has evolved greatly. As an examination of several new and emerging platforms shows, DEXs can finally hold a flame to CEXs.
Decentralized Finance Has Revitalized Decentralized Exchanges
ERC20 token trading platforms still constitute the bulk of all DEXs, but that’s starting to change. The decentralized finance (defi) movement, which is synonymous with Ethereum, is also permeating other chains and domains, resulting in the creation of some interesting decentralized exchanges. As a case in point, the new platform that blockchain project Fetch.AI is launching will be for trading metals – and not just speculatively, but with physical delivery.
“The decentralized exchange will change the way metals and other commodities are traded and funded,” promise Fetch.AI, and they have the backing of some serious players, including several leading Turkish steelmakers such as Baştuğ Metallurgy, an iron and steel manufacturing giant. The DEX, which is scheduled to launch in a few weeks, will integrate electronic shipping documents and live monitoring tools, providing an end-to-end trading and consignment system for metals. The decision to deploy a DEX rather than a centralized exchange (CEX) was to provide full on-chain transparency and allow trustless participation for various industry players.
The same principles can be seen at play in the other DEXs springing up across the cryptosphere. In September, for example, Nash finally launched, based around an ethos of “secure self-custody and borderless finance.” Nash supports cross-chain trading between Ethereum and NEO. It uses an off-chain matching engine to combine the speed and functionality of a centralized platform with the noncustodial benefits of a decentralized exchange. Decred’s first DEX is also in its advanced stages, with the goal of enabling “a trustless trade process designed to cut out the bots, the middlemen, and the centralized power.”
From Bitmex to Bitdex
Anything that centralized exchanges can do, decentralized exchanges can do too. Not as quickly, necessarily, and not with the same liquidity, but these trade-offs are worth it for traders who favor security and privacy. With CEXs becoming a KYC-riddled nightmare – Bitmex is believed to be the next platform to bow to regulatory pressure – DEXs are one of the last refuges of privacy for traders. There are exceptions of course, including IDEX, and KYC is required on Nash to access fiat currency options, but for the most part, DEXs still reside on private land.
Hopefully Bitdex will maintain that tradition, should it come to pass. The proposed platform will operate as a decentralized version of Bitmex, with “priceless financial contracts,” no centralized operator and solvency ensured through an on-chain price feed. At Devcon in Osaka on October 8, defi contracts platform UMA Protocol further built upon this proposal, explaining how priceless contracts can be applied to create efficient synthetic tokens, futures, and swaps. Similar work is currently being done by Synthetix, which has issued around 20 “synths” – tradable tokens matched with assets such as gold, BTC, and stocks.
Dolomite DEX
The Latest DEXs Are Feature-Rich
Anyone who traded ERC20s on Etherdelta back in the day will recall how grating the experience was, with fatally mispriced orders never more than a misclick away. Not only do the current generation of DEXs have more protections against mispriced orders and other user errors, but they pack a ton of new features. On September 23, Loopring’s Dolomite DEX launched, enabling trading directly from noncustodial Ethereum wallets. For those who desire fiat access, there’s the option to connect your bank account or debit card to purchase crypto and also to exchange from crypto back to USD. Tools include an integrated portfolio manager and margin trading of up to 5X using Dydx’s trading protocol.
Dex.blue
Dex.blue is another new platform that, like Dolomite, combines an easy-to-use trading interface with advanced options for professionals. Because it features WBTC, traders can gain exposure to BTC despite operating on the Ethereum blockchain, and due to its decentralized design, there are no limits on trading. Coupled with hybrid platforms like local.Bitcoin.com, which enables noncustodial P2P exchange of bitcoin cash using multisig, traders tired of CEXs have never had more options.
What’s your favorite DEX? Let us know in the comments section below.
Images courtesy of Shutterstock.
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The post Decentralized Exchanges Are Evolving at Last appeared first on Bitcoin News.
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cryptoscrimper reblogged
cryptoscrimper reblogged
CFTC Chairman Confirms Ether Cryptocurrency Is a Commodity
CFTC Chairman Heath Tarbert has just said ether, the world’s second-largest cryptocurrency by market cap, is a commodity not a security. from CoinDesk https://ift.tt/2oyXFCz via https://ift.tt/1kITr2E
Short essay about the move toward a more decentralized internet