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
When Bitcoin first started you could mine using a normal computer. However, computers became more powerful, and Application Specific Integrated Circuits (ASICs) were developed specifically to mine Bitcoin. This video takes a look at one of Texas’ largest Bitcoin mining rigs, as in April 2014. Specs: 35 Tera Hash Per Second. 70 Kila Watts ... Bitcoin mining equipment manufacturers are constantly looking to make efficient ASIC miner to meet consumer demand. Back in 2016 any equipment with 14 Th/s was considered among the best Bitcoin mining hardware, however, this is no more the case. Miners today are not settling for any BTC mining hardware that provides less than 30 Th/s. Long story short, BTC mining hardware is a constantly ... GPU mining rig built from high-quality graphics cards that will have great resale value whenever you stop mining. ... Ethereum and other coins can be exchanged to Bitcoin using any online exchange (www.binance.com recommended). Mining bitcoin directly is not efficient. It's much better to mine Ethereum and then exchange to Bitcoin. Exchanging one coin to another takes one minute. AMD Radeon ... So while I am still a newb to mining… I’m mining XMR, using ccMiner, and only getting approx 1k harshrate per gtx1080 (SC). I have 2 of these things. What could be the cause? SPECS: i7 7700k z270 Maximus IX 16G Ram 2x GTX 1080 EVGA SC —> Driver: 381.65 —> Shared Sys. Mem: 8gb. MINING PROGRAM: ccminer 2.0 bitcore cuda-7.5 3. Notable Mining Hardware Companies Bitmain Technologies. The most well-known mining hardware manufacturer around, Bitmain was founded in 2013 in China and today has offices in several countries around the world. The company developed the Antminer, a series of ASIC miners dedicated to mining cryptocurrencies such as Bitcoin, Litecoin, and Dash. Jan 17, 2018 - Explore PIRATEPOPCORNUK's board "bitcoin mining rigs" on Pinterest. See more ideas about Bitcoin mining rigs, Bitcoin mining, Bitcoin. Looking to build Ethereum Mining Rig? So, today we are going to build our very first 6 GPU Ethereum Mining Rig. Ethereum is based on Ethash algorithm which can be profitably mined by only a few cards. I will show you step by step how you can start mining ETH with this mining rig. We will choose the best graphics card Shark Mining is a well-regarded company that makes some excellent pre-built mining rigs. Its Shark Mini is a compact rig that comes with four GPUs. The base model comes with AMD RX 570/580, but ... OK, so you don’t want to build a dedicated mining rig, but you do want the most possible mining power from one PC. That’s an understable desire. In that case, this is the PC for you. Dual GTX ... Your mining software simultaneously directs the mining power of your hardware, but also will monitor specific vital statistics of your mining rig, including hashrate, temperature and productivity. What software you chose will be dependent on if you intend to solo mine or if you join a Bitcoin mining pool.
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*update: I've started trading crypto on Binance(http://bit.ly/BiNANCE) and it's amazing! It's opened up a whole new world. Two weeks ago I deposited $1k and ... Mining bitcoin using nicehash. Graphic Cards - ZOTAC GeForce GTX 1070 MINI 8GB 256-Bit GDDR5 NOTE: This is not a financial advice. Kindly do your own research before making any investment. All the ... Binance cryptocurrency bitcoin NEO Ethereum Litcoin GAS LISK Bytecoin Ark Dash Monero Ripple Dogecoin Ark Verge This is not financial advice. This is my opinion. Do your own research. With any ... Building a budget bitcoin mining rig from an old PC in 2018 is very easy. I managed to build 4 GPU mining rig using old desktop computer and few easily accessible components. The rig operates 2 ... Join Binance Exchange Here! https://www.binance.com/?ref=13795076 Join Kucoin Exchange Here! https://www.kucoin.com/#/?r=7chr68 Mine Bitcoin and other Crypto... How to Mining Bitcoin 2019 Bitcoin Mining in 2019 - Still Profitable? Best Cryptocurrency Market Binance https://www.binance.com/?ref=25992167 Litecoin Donat... Send Your Mining Rig Pics in Discord to be featured in upcoming Community Mining Rigs Episodes/Live Streams! Buy GPU ... #Bitcoin #CoinMarketCap #Binance. Category Science & Technology; Show more ... My GPU mining rig in 2019 has been dedicated to mining ethereum classic, which uses the same algo as ethereum. The ETC mining rig profitability has been steadily rising throughout the year. Bitcoin Mining CRYPTO MINER COMPUTER CONSTRUCTION Bitcoin Miner - 2019 Please Guys if you like this video hit like and comment below, I want to know your opinion about it. will upload soon ... Should you buy a pre-built btc cryptocurrency mining rig? The answer depends, lets review the Coinmine One and discuss the status of gpu mining in 2019 and t...