0x and StarkWare team up to boost performance of decentralized platforms

Posted 28 May, 2019

San Francisco's blockchain company 0x and Israel's StarkWare reportedly entered into partnership targeting the creation of StarkDEX, which will enable decentralized crypto platforms process about 500 transactions per second.

As the company representatives commented, the new solution will be based on zero-knowledge proofs and is believed to promote the development of scalable non-custody trading services.

Notably, the technology is at the alpha stage now, so the developers will require months to become ready for mass implementation.

Meanwhile, the spokesperson of San Francisco's company commented that the exchange has processed transactions for $713,000 since it came into operation in 2017.

For reference, the analytical data showed that the decentralized platforms based similar protocol as 0x runs handles up to 3,100 deals per day. These figures are believed to be very low for the decentralized exchanges which make this segment low liquid.

Last summer, Bitmain, Polychain, Floodgate, Vitalik Buterin and Coinbase co-founder backed StarkWare investing $6 million in total. In late 2018 StarkWare managed to receive another $30 million funding from different investors including such market giants as Intel Capital, Sequoia, Consensys, Coinbase Ventures, Multicoin Capital, Collaborative Fund.

Previous story

28 May, 2019 17:03

← South Korean users ramp up crypto trading facing regulatory pressure

The P2P-platform LocalBitcoins recorded a sharp surge in activity of users from South Korea. In May, trading volumes on the site increased from JPY 100 million at the beginning of the month to JPY 218 million by now.

South Korean users ramp up crypto trading facing regulatory pressure

Next story

28 May, 2019 13:56

TRON launches new generation file storage system →

In less than few days after the founder of TRON Justin Sun aroused the interest of the community with upcoming "amazing" event, he made things clear announcing the launch of a new generation of decentralized file storage service. The statement was made on Twitter on May 27.

TRON launches new generation file storage system
Write a comment
 
Prove you’re not a bot + 7 = 26