EOS, the first blockchain OS, and Hong Kong-based digital currency exchange Bitfinex, have announced EOSfinex, the first high-performance decentrEOSfinex combines the scalability and speed of EOS.IO with Bitfinex’s industry-leading expertise to deliver an “on chain” exchange designed to offer a fast, transparent and trustless platform for the trading of digital assets.
J.L. van der Velde, Chief Executive Officer at Bitfinex, commented: “We are excited to leverage EOS.io to further advance the field of high performance and trustless on-chain exchange. Block.one continues to display an unwavering dedication to improving blockchain scalability through the EOS.IO platform and it is our hope that this collaboration will allow significant advancement for all decentralized exchange.”
Bitfinex’s goal of research and sandbox the capabilities of various protocol-level technologies that meet the rigorous requirements of a high volume, blockchain-based trading platform, has led them to EOS.IO. “Our experience indicates that these advancements represent fundamentally transformative capabilities for the blockchain industry, and Bitfinex remains dedicated to leveraging the latest innovations to continue offering the world’s leading trading experience”, van der Velde continued.
Developed by Block.one, EOS.IO wants to process tens of thousands of transactions per seconds, with minimal fees and confirmation times. This blockchain protocol enables horizontal scaling of decentralized applications, allowing developers to efficiently create high performance distributed applications.
By providing accounts, authentication, databases, and the scheduling of applications across multiple CPU cores and/or clusters, the EOS.IO software allows for horizontal scalability, replaces user fees with an ownership model, and powers simple deployment of decentralized applications.
Bitfinex was founded in 2012 and has grown to become one of the largest cryptocurrency exchanges in the world, offering services for digital currency traders and global liquidity providers. Additionally, the company provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital assets.
Bitfinex received subpoenas from US regulators in December for issuing Tether tokens for US dollars on a 1:1 ratio and not having 1:1 reserves of dollars to issued Tether tokens. In turn, the exchange threatened legal action to parties that had accused the exchange of misconduct.
