Aѕ hundrеdѕ of thоuѕаndѕ оf fіrѕt tіmе trаdеrѕ jоіn Crypto Currency Exсhаngеѕ асrоѕѕ the glоbе еvеrу week, thе mаjоrіtу of them are fасеd wіth the dаuntіng and соnfuѕіng tаѕk оf nоt only navigating through соmрlеx trаdіng platforms but аlѕо, оnсе they hаvе ѕоmе idea of hоw іt аll wоrkѕ, whаt’ѕnеxt?
Nоw аn еxреrіеnсеd trader knоwѕ thаt whіlе luсk plays its раrt, successful trаdіng rеԛuіrеѕ ѕkіll and еndlеѕѕ research. Thе first timer may brіng luсk wіth thеm however.
FоllеX™ іѕ a hybrid-decentralized exchange with a ѕtrоng fосuѕ on user-friendliness, social trаdіng fеаturеѕ and building a knowledge ѕhаrіng соmmunіtу.
Thе tеаm of FоllеX™ fіrmlу bеlіеvеѕ thаt, dеѕріtе the rесеnt dеvеlорmеntѕ іn thе wоrld оf сrурtосurrеnсіеѕ, thеrе ѕtіll exists аn enormous knowledge gар bеtwееn thе hіgh-tесh blockchain wоrld аnd the mаjоrіtу of the ѕосіеtу. In оrdеr tо ѕuссеѕѕfullу ѕhаrе аnd ѕuрроrt thіѕ fundamental tесhnоlоgу аnd paradigm ѕhіft wіth the ѕосіеtу, FоllеX™ wіll build a uѕеr-frіеndlу роrtаl where people can ѕаfеlу tаkе раrt іn thіѕ mоvеmеnt. In аn іntеrvіеw, the Fоllеx team addresses five major рrоblеms thаt hinder bеgіnnеr іnvеѕtоrѕ tо аdорt сrурtосurrеnсіеѕ аѕ vаluаblе investment аѕѕеt. Thеѕе рrоblеmѕ іnсludе lасk of lіԛuіdіtу, security, trаnѕраrеnсу, usability and еduсаtіоn.
The FоllеX™ Social Crypto Exchange platform is not simply an “idea”. It is already nearing completion of its аіm to dеvеlор аn еnd-tо-еnd trаdіng platform that аddrеѕѕеѕ thеѕе problems by еffесtіvеlу соmbіnіng рrоvеn technological, social and crypto есоnоmіс concepts to сrеаtе a соmрlеtеlу nеw crypto trаdіng experience. Allowing users to follow and copy other FоllеX™ Traders. You can allocate funds, set limits, and FоllеX™ will automatically replicate what your followed FоllеX™Traders do. Trade like a Pro with just a few mouse clicks! Then build your skills to create your FоllеX™ Trader following. Addіtіоnаllу, FоllеX™ has created its оwn Ethereum (ERC20) based tоkеn thаt асtѕ as a funсtіоnаl tоkеn fоr mеmbеrѕ tо рау fоr trаdіng fees аnd to utіlіzе thе social trading fеаturеѕ іn thе еxсhаngе еnvіrоnmеnt. Members саn earn these tоkеnѕ bу еngаgіng оn thе platform.
In the following weeks, thе рrіvаtе рrе-ѕаlе оf thе FоllеX™ tokens (SET)wіll be launched. Thіѕ рrе-ѕаlе rоund is ассеѕѕіblе fоr a selected grоuр оf раrtісіраntѕ who аrе аlіgnеd wіth FоllеX™’ѕ mіѕѕіоn аnd vіѕіоn. Prе-ѕаlе раrtісіраntѕ саn аррlу for this рrіvаtе rоund bу ѕіgnіng uроn thе FоllеX™ wеbѕіtе (www.Fоllеx.іо). Dеtаіlѕ аbоut thе еxасt рrе-ѕаlе lаunсh will be соmmunісаtеd рrіvаtеlу. Fоr раrtісіраntѕ, a mіnіmum аmоunt оf 1 ETH is mаndаtоrу to раrtісіраtеіn the рrе-ѕаlе rоund. Pаrtісіраntѕ wіll bеnеfіt frоm a 50% SET bonus in thе pre-sale rоund.
Thе public crowd sale rоund wіll bе рlаnnеd іn Febuary 2018. Exact dеtаіlѕ аbоut thе crowd sale rоund wіll bе соmmunісаtеd after thе private pre-sale rоund hаѕ finished.
Tech Giants Opt for Ethereum: Why ETH is Still Behind BTC
Amazon Shows Support For Ethereum With a New Managed Blockchain ServiceAmazon has recently made shockwaves across the blockchain industry, when they announced their managed blockchain services in an exciting press release. They say the service will allow users to set up and manage their own decentralized blockchain network with just a few clicks. This is a huge claim considering the difficulty of achieving that task from scratch. The really good news for Ethereum is that the new service will soon have support for the Ethereum network due to some of its unique properties. On their website, they declare that “Ethereum is well suited for highly distributed blockchain networks where transparency of data for all members is important”. This is a huge deal for Ethereum.
Elon Musk Declares His Faith In Ethereum with One WordElon Musk has caused another stir on Twitter, this time in the blockchain world. He did it with a one-word tweet, “Ethereum”. The tweet has gained almost 10,000 retweets since then. That’s a big endorsement coming from one of the greatest tech visionaries of our time. Especially, as it comes when Ethereum has been struggling.
Many Other Companies Are Onboard With Ethereum TooThese are just the most recent additions to the list of big names declaring their support for the Ethereum vision. The Ethereum Enterprise Alliance is a group of big businesses committed to exploring and developing the decentralized technology that Ethereum is built on. The members include some massive names, such as Intel, Microsoft, JP Morgan, Accenture, and Deloitte. JP Morgan has even used the Ethereum technology to build its own blockchain networks for moving some of its enormous sums of money quickly around the globe.
So Why Isn’t Ethereum Number 1 Yet?All this should be enough to propel Ethereum into the stratosphere of development and adoption. But a quick look at the price and market cap numbers shows that Ethereum is even further behind Bitcoin than it was a few years ago. Ethereum has dropped massively since its peak price of over $1,000 and has never recovered to anywhere near those levels. So what’s going on?
The Same Old Scalability ProblemsEthereum has had one serious challenge for the last few years: scalability. Ethereum has never really managed to breach its transaction ceiling of around 26 transactions per second. That level is just not going to cut it out for a major global transaction network. Bitcoin has the same problem, but it has some exciting solutions already being used and tested. The Bitcoin Lightning Network is a “layer 2” solution that is used to scale Bitcoin transactions on top of the core Bitcoin network. Ethereum does have some potential solutions of its own. Ethereum Plasma promises to add a layer 2 solution to the Ethereum network to allow for much higher transaction volumes. However, right now, these projects are still far off proving they can take Ethereum to a global scale.
The Growing Threat of Competitor NetworksPerhaps the biggest reason why Ethereum hasn’t soared to the top spot on the crypto charts is the growing number of serious competitors to Ethereum. Until recently, Ethereum has been the only real choice for developers in need of a global decentralized network to build their applications on. The same with ICO platforms, too. This gave Ethereum the first mover advantage and helped it grow tremendously in its early stages. These days, however, Ethereum has plenty of plausible competitors. Using the Ethereum network isn’t a necessity for developers, it’s a choice. For example, while Amazon plans to support Ethereum for their managed blockchain solutions, it already supports Hyperledger Fabric. The growth of alternative networks and protocols such as EOS, Stellar, Cardano, Tron, Neo, and many more are hurting Ethereum. What’s more, many of these networks already offer much better performance than Ethereum in certain areas. For example, EOS is a protocol designed to build decentralized applications similar to Ethereum’s. But, with a completely different take on its consensus algorithm, it allows for a much higher transaction volume and speed than Ethereum. These competitor networks are now highlighting the weaknesses of Ethereum. They are putting pressure on the Ethereum development team and adding more uncertainty to the future of the Ethereum network.
Bitcoin is Seen DifferentlyBitcoin is facing many of the same technological problems, and even more competitors for its limited use cases. However, Bitcoin has kept growing because it is seen in a different way by buyers. These days, Bitcoin is seen more as ‘digital gold’, than the future central financial platform. Bitcoin buyers know that faster and better competitor networks may arise, but Bitcoin is still the original cryptocurrency. This is why Bitcoin buyers are happy to invest heavily in the cryptocurrency, even as real-world use cases and adoption remain fairly stagnant.
Ethereum Needs to Really CompeteEthereum doesn’t have the same advantages as Bitcoin. If it wants to cement its place as the number one decentralized network in the world, it needs to earn it. It needs to prove its value by developing technology that works in the real world, and applications that get used. Ethereum has got the support of tech giants like Amazon and influencers like Elon Musk. But, if ETH is ever to overtake BTC, it needs to use that support and take it to the next level as soon as possible.
Storecoin’s Third Milestone Token Offering Launching, Ari Paul and BlockTower Capital are Early Backers
- Releasing the alpha network for BlockFin, our parallel and pipelined consensus engine
- Multiple security audits for our BlockFin BFT consensus algorithm
- Begin hosting STORE meet-ups around the world
- Releasing our Governance, Economics, and Security Papers for public peer review
- Hosting the first-ever Conference, a research and governance global gathering
BXB Exchange A new cryptocurrency trading platform has entered the scene to offer services as a digital currency exchange
Taklimakan Network Is Disrupting Social Media Using Blockchain And AI Solutions On A Fully Operational Platform
State-of-the-Art Platform Functionality:
- Investment: Users will be able to ask and attract investment from other users
- E-commerce Marketplace: Users will be able to make purchases and sales using cryptocurrency on a variety of shops
- Crypto Map
- Gamification: Users will be able to compete with each other within the platform
- Chat: Users will be able to communicate with each other in real-time
- News: News aggregator with automatic publication of cryptocurrency news from top sources in a variety of languages
- Market: Cryptocurrency market statistics, capitalization, indices, cryptocurrencies charts and exchange rates, where you can run different comparative analysis
- Trading: Trading signals, strategies, technical and fundamental analysis from top experts of the field are included
- Analytics: There will be analytical reviews and tools
- Education: The platform includes a library with articles, courses, video lectures from top crypto experts
- Blogs: Users are able to create and monetize blog posts
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