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EtherEx goes beyond cryptocurrency to tokenised value transfers

Monday 18 April 2016 11:11 CET | News

EtherEx has started looking beyond the concept of trading cryptocurrencies, towards a tokenised future of new types of value transfer.

The team behind EtherEx have released a live demo on the Ethereum testnet and are looking at going live around Q3 2016. They are also mulling a crowdsale with ETX token.

In building the platform, which has been self-funded since inception, the team has encountered some interesting problems, with the best solutions expected to come from the community – as one would expect with a truly decentralised peer-to-peer application that benefits everyone.

One such avenue is to instantiate a crowdsale of an ETX token. The reason for this is to address the gas imbalance from operating exchange transactions on Ethereum. The team realised that placing an order (storing) cost a lot more gas than filling. This in turn creates a type of inverted maker/taker model, which could have a large impact on the liquidity of the exchange.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, EtherEx
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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