Bitfinex, one of the most popular cryptocurrency exchanges, is all set to disrupt the industry, by bringing a trustless blockchain exchange,EOSfinex. It has been developed with EOSIO dApp technology. The platform will tap Bitfinex’s expertise with scalability to revolutionize crypto trade platforms.

According to Rasmussen, the dApp is:“The first high-performance, a trustless trading platform to be built on EOSIO technology. EOSfinex will combine the scalability and speed of EOSIO with the expertise accrued at Bitfinex. This will provide  the space with an on-chain exchange experience based on the trustless, transparent and instantaneous trading of digital assets.”

He further stated that the platform had been created to expedite innovation within EOS and to support research and better adoption of Block.one’s (EOS publisher) technology, which is focused on security and scalability of the network.

Bitfinex was one of the early supporters of this blockchain network, and Rasmussen sternly believes that EOSfinex has the potential to change how value is exchanged between parties from the ground up.

Rasmussen stated that the project is near the completion of its initial development stage. The team has already made three essential EOSfinex components available to participants, the SunBeam EOSfinex Node.js library, the Nodeos plugin and the EOSfinex exchange smart contract.SunBeam is available as an open source project on GitHub, and developers can start working on it. Rasmussen reemphasized that Bitfinex is focused on empowering high performance, noncustodial and trustless projects which are a part of EOS’s foundation.

Sukriti Leekha

Sukriti Leekha ,An Economics major by qualification, and writer by profession, Sukriti Leekha has been an active contributor to the blockchain space. As an economist, she is interested in the financial scope of cryptocurrencies, and as an individual, she is passionate about the latest technologies. When she is not researching, she spends her time travelling, exploring the entrepreneurial space, or losing herself in a book.

Sukriti Leekha

Sukriti Leekha ,An Economics major by qualification, and writer by profession, Sukriti Leekha has been an active contributor to the blockchain space. As an economist, she is interested in the financial scope of cryptocurrencies, and as an individual, she is passionate about the latest technologies. When she is not researching, she spends her time travelling, exploring the entrepreneurial space, or losing herself in a book.