Decentralization - Increases Security and Accessibility + Throughput (dependent on model)submitted by AnchorEdward to CryptoCurrency [link] [comments]
Privacy - Promotes Autonomy against Central Forces, Freedom, and Liberty in market participation
Interface - Usability from UI/UX Standpoint
Governance - Security, Market Fairness, Community and Platform Evolution
Liquidity - Volume. None of the above will help without liquidity
Though these are just a number of characteristics that i find critical for exchanges to evolve as we're coming to an age of tighter regulation and the increasing risks apparent in centralized exchanges. This is a purely opinionated piece which i'd like to pair with the recent article released by Resistance on it's Overview.
The Resistance Decentralized ExchangeResDEX uses the Resistance privacy coin as an intermediary in private trades and implements many additional technologies, including Tor support, instant swaps, an extremely user-friendly graphical interface, and more.
Liquidity SolvedResDEX has dedicated market makers who ensure liquidity stays high on the exchange and users can perform trades quickly at competitive prices (Huobi & XRP). Anyone can become a market maker on ResDEX and provide liquidity to the market. As an added bonus, makers don’t pay fees on ResDEX. The ResDEX exchange fee (0.15%) is paid by the taker and used to support the platform, fund market making, and donate to privacy projects voted for by the community.
Add Privacy Features to Any CoinAs an added feature, users can add privacy to almost any cryptocurrency, including Bitcoin, even if that currency doesn’t support private transactions natively. By harnessing the power of the Resistance privacy-oriented blockchain, ResDEX will automatically trade the coin of your choice to RES and send RES in place of the original currency, thereby adding privacy to the trade.
Users can also utilize the same trading mechanism to add privacy to a non-private cryptocurrency by automatically trading to RES and then trading back to the original cryptocurrency.
Utilizing ZK SnarksBitcoin is not fungible because it does not provide users with sufficient privacy and anonymity. The transaction history of every Bitcoin is publicly available for anyone to scrutinize. Centralized exchanges like Coinbase, for example, will in some cases block funds based on your coins’ past transactions.
With zk-SNARKs, a form of zero-knowledge proof used to facilitate private transactions on the Resistance blockchain, it’s possible for RES to have no public record or history. If users choose to send a coin through a private transaction, its history is essentially erased.
Democratized Mining (Introducing yespower)Just like Bitcoin and Litecoin, the Resistance blockchain itself is built upon a fast cryptographic hash for performance. Resistance also utilizes yespower as a separate Proof of Work hash, in the same way that Litecoin uses scrypt. Specifically designed for CPU mining, yespower is a hashing algorithm based on scrypt and the newer yescrypt.
It favors the standard CPUs you’ll find in regular laptop and desktop computers and offers no benefit to FPGAs or ASICs. This means anyone can mine on the Resistance blockchain without the high-spec mining rigs that are required to mine Bitcoin, Ethereum, and many other cryptocurrencies.
More on Privacy - TOR Routing - Supporting the CommunityNote that everyone can choose to use onion routing through the TOR NETWORK to hide their ip when making transactions. This really reinforces their whole privacy aspect of the exchange.
It was also announced on their Telegram that they are going to run a program where the COMMUNITY VOTES FOR ONE PRIVACY COMMUNITY TO BE ALLOCATED 15% of ALL EXCHANGE FEES TO BE SUPPORTED.
At times like these, especially in a bear market, I hope to see more collaboration among projects because we are nothing but islands upon islands of dispersed communities that would gain more working in sync.
Resistance is a project i'm curious to see challenge the status quo, along with Binance DEX as CZ also claims that DEX's are the future. Will the traditional Centralized Exchanges die out? I don't think so. But I'd rather opt for a decentralized solution.
Information was taken from the Resistance Release Article
CPU.CPU mining rigs utilize processors to “mine” data from the blockchain.These are very simple and inexpensive rigs - most people, when they talk about CPU mining, mean that they mine cryptocurrencies straight from their computer. This has its benefits and drawbacks (having much more of the latter). CPU mining is becoming more and more unpopular as the years go by. Best Bitcoin Mining Software Reviewed. By: Ofir Beigel Last updated: 8/23/20 If you’re thinking of getting into Bitcoin mining, one of the things you’re going to need is a software to run your mining hardware.In this post I’ll review the top Bitcoin mining software available on the market. Mining this coin can quickly turn the calculation into the red. However, setting up older machines and using their idle capacity could deliver moderate results. CPU Mining Still Relevant in 2020. CPU mining is not outdated just yet, though it’s likely that 99% of all projects will not lead to positive gains. A potential source of income could ... Cryptocurrency mining is not trendy anymore. Wrong! It still makes a lot of fuss in the blockchain community. As long as the first and the leading cryptocurrency, Bitcoin (BTC), will require mining rigs, cryptocurrency mining will be trending. Building a mining rig in 2020 is much easier than it was, say, two years ago. What You Need to Know About Mining Rig Virtual Currency Miners. Whether you want to mine Ethereum, Bitcoin, or another virtual currency from your basement or set up a crypto trading business, the first step is to set yourself up with a crypto mining rig. To make sure that you end up with a souped-up computer that fits your every need, check out ... Mining Rig selber bauen – einen CPU/GPU Miner zusammenstellen. Top für die plattformübergreifende Nutzung: BitMinter . Was BitMinter aus der Menge ähnlicher Werkzeuge heraushebt, ist die Tatsache, dass es über einen eigenen Minenpool verfügt, mit dem es arbeiten kann. Sein Pool ist auch einer der ältesten, die es gibt. Fallen Sie nicht auf die Fake Bots herein - handeln Sie mit dem ... Bitcoin Gold (BTG) Jeder, der schon seit einiger Zeit hier ist, kennt Bitcoin Gold. Bitcoin Gold ist eine weitere Abspaltung von Bitcoin, die 2017 ins Leben gerufen wurde. Und es wurde geschaffen, um den Bitcoin Mining demokratischer zu gestalten, indem eine Version von Bitcoin geschaffen wurde, die mit GPUs schürfbar ist. CPU mining utilizes your CPU to mine the desired coin (in this case, Litecoin). It is a ch e ap method to mine cryptos, but the downside is that it’s EXTREMELY slow - often almost unbearable. CPU mining can be done at any time from your personal computer that has any of the main operating systems ( Windows, Mac OS, and Linux ). Der Cloud Bitcoin Mining Anbieter CCG Mining aus London betreibt zwei Mining Anlagen in Polen. Man kann hier auch Bitcoin Cash und Monero als Cloud Mining Verträge buchen. Insgesamt solide Pakete und sehr gute Kryptowährungen zur Auswahl. Bitcoin Mining 100 GH/s für 10,99 USD. Bitcoin Cash Mining 100 GH/s für 17,29 USD. Start mining Bitcoin Cash or Bitcoin today! Supercharge your mining potential. Mine Bitcoin easily on the cloud without having to buy hardware, or plug your own hardware into the world’s highest paying mining pool. Sign up now Log in. Mine Bitcoin. We offer BTC and BCH mining. You can also choose to automatically mine the most profitable coin. Cloud Mining. Start mining immediately with our ...
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