Non-custodial DEX to finally launch on the Ethereum network by John McAfee after the long anticipation and constant teasers published on Twitter as we read in the ETH News.
The launch is set for 5:00 GMT on Monday and it will be the beta version of the exchange. McAfee will provide support only for Ethereum-based tokens meaning that the revolutionary exchange will be another alternative to the likes of IDEX and EtherDelta including some of the other decentralized non-custodial markets. The non-custodial DEX will provide low fees and simple compliance procedures. McAfee aimed to return the crypto trading to the free-for-all early days but with the harsher regulations coming, we can only guess how long the exchange will survive. Even with the IDEX KYC process, EtherDelta was fined $400,000 for unauthorized crypto trading services. The KYC procedure will likely become inevitable in the future.
The decentralized exchanges on the Ethereum network are relatively small operations. IDEX attracted more than 400 users on October 7 and ForkDelta had about 344. The daily volumes reached up to $200,000 and the largest operation running on the Binance Chain the Binance DEX trades more than $1.3 million per day. McAfee’s approach has a unique element meaning he offers the creation of portals and copies of the DEX with access points to trading smart contracts. As per the reports in the crypto news, the DEX will, in theory, be accessible from multiple locations and hosts meaning it is censorship-free. This is not the first time McAfee attempts to launch and build a DEX. He launched the McAfee magic non-custodial DEX and this one claims to use bot activity and it is powered by the ARB token. The magic exchange is not listed among the recognized market operators.
McAfee has also scheduled the launch of the Freedom Coin for this fall but there is no information on how the coin will be launched or why was it created in the first place. Keep in mind that McAfee has been a controversial person in the crypto community and there were many times when he said to be doing something and ended up really doing nothing at all.
Antminer E3 Stops ETC Mining While ETH Has 1 Month Left
‘’E3 is related to eth algorithm, and DDR capacity is up to the upper limit, so E3 will not be able to continue mining (...) the meaning is E3 only can mine to January 2020, then will not mine again.’’2Miners calculated that Ethereum (ETH) mining will be terminated in about five weeks as it is a few epochs later than the older version. Among the first speakers within the crypto community that discussed the story was the author of Ethereum’s mining algorithm Kristy-Leigh Minehan who considered that this could lead to the launch of more capable miners. Bitmain is more focused on Bitcoin mining solutions and Mrs. Minehan suggested waiting for the release of the main competitors Canaan and Innoscilion. As per the previous reports, The hashrate is one of the metrics that can assess how healthy a network is. The higher the hashrate, the more secure a network will become and it also becomes much expensive to mine the cryptocurrency. Ethereum Classic saw its hashrate explode previously during a sign of growing strength so the ETC network is arguable now more secure than ever before.
Ethereum Core Developers Move Forward With ProgPOW Update
“I have not seen any evidence that there is an ideological or people willing to step up and actually have a network split. If I’m wrong I’ll resign as hardfork coordinator.’’Ethereum split once before with the ‘’DAO’’ which was the first attempt to a so called decentralized autonomous organization where more than 3.6 million ETH was exploited. Core developers decided to refund the affected users and the dissenters later formed Ethereum Classic in response. At least two projects were opposed to ProgPOW including SpanChain and the Gnosis projects. The executives of the projects were invited to voice their concerns about the next core developer meeting but this will likely won’t change the decision of the team: “There will be plenty of time for open dissent that won’t really change the decision, necessarily, because we’ve already gone back and forth and approved it twice.” ASIC resistance was a core consideration for Ethereum and the first version of the whitepaper explained how the distribution process of Ethereum will be performed through easily-accessible computer hardware which was more favorable for the community and the decentralization of the token. The leading mining hardware firm Bitmain developed an Ethereum ASIC in 2018 and in 2019 Canaan released an ASIC that was 5 times more efficient than comparable consumer hardware.
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Enjin Goes Live On The Ethereum Mainnet: Report
“Simple, great user experience is one of the core product design philosophies at Enjin, and we made damn sure that the Web Panel is minimal, straightforward, and clean.’’The process of creating a new blockchain project is not so complex and it can be done in four steps. The process doesn’t require any coding knowledge but while the Enjin platform web panel enables the codeless creation and management of the blockchain assets, the developers will have to employ Enjin platform API and SDKs when the time will come to integrate those assets with games and apps. The platform API is graphQL based while the Platform SDKs include Java, NODEJS, Godot and Unity. According to the company, the Enjin platform will be powered by Enjin Coin and will serve as the ultimate minting resource and used to back the value of the issued blockchain assets. While the Enjin platform is a relatively new platform, the company was present in the crypto space for more than 10 years. Enjin’s huge ecosystem is preferred among gamers and with partnerships with major companies such as Unity, Samsung, and PC Gamer, the platform has a strong presence in the gaming industry. When it comes to future plans, the company said to be working on a new way to distribute blockchain assets via QR codes.
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