Square dezvăluie tbDEX Whitepaper; ETH depășește BTC: Markets Wrap

TBD, a business created by Square this year, has released its whitepaper for the tbDEX protocol.

ETH has outperformed BTC since yesterday’s broader market sell-off. The crypto asset is showing strong similarities to bitcoin in 2017.

NFTs continue to show strength due to falling prices of the assets they are denominated in.

Cele mai recente în Macro:

• S&P 500: 4,697, -0.14%
• NASDAQ: 16,057, +0.40%
• Aur: 1,847 USD, -0.62%
• Petrol brut WTI: 76.11 USD, -3.67%
• Trezorerie pe 10 ani: 1.539%, -0.05%

Cele mai recente în Crypto:

• BTC: $57,960, +0.56%
• ETH: $4,273, +6.19%
• ETH/BTC: 0.07, +5.09%
• BTC.D: 42.74%, -2.28%

Square unveils tbDEX whitepaper

Pătrat filială TBD a eliberat-o tbDEX whitepaper vineri.

“We believe Bitcoin will be the native currency of the internet,” a spus Mike Brock, Square’s TBD lead. “While there are many projects to help make the internet more decentralized, our focus is solely on a sound global monetary system for all.”

The decentralized exchange (DEX) hopes to make digital assets and decentralized financial services more accessible by creating a ubiquity of on-ramps and off-ramps directly between the fiat and crypto financial systems without the need for centralized intermediaries and trust brokers.

“We are at a crossroads in our financial system,” the project’s whitepaper states. “The emergence of trustless, decentralized networks unlocks the potential for a future where commerce can happen without the permission, participation or benefit of financial intermediaries.”

Unlike other DEXs, tbDEX will not have its own token or utilize atomic swaps, but will instead rely on the public key infrastructure that is used for securing the internet today in conjunction with digital identifiers. The whitepaper clearly acknowledges that on- and off-ramps to fiat currencies will never be fully decentralized.

An overview of the protocol can be seen in the image below.

The protocol will be open-source and is still in its early stages of development.

ETH / BTC

ETH has outperformed BTC over the last 24 hours, according to TradingView, with the ETH-to-BTC price ratio rising from 0.070 to 0.074 – an increase of about 5.3%.

ETH today shows eerie similarities to BTC in 2017.

“I have been showing this spooky chart of ETH now vs BTC in 2017 in various forms,” Global Macro Investor Founder Raoul Pal scris in a Tuesday Twitter post. “This is my live [crypto index] on Bloomberg … even nailed this sell off … to the day and price. What happened next? A 300% rally.

“Now, I don’t expect perfection, but with all the other analysis I have done, something like a 100% to 300% rally is highly probable into year end,” he added. “Nothing is a certain. After that, its a tougher call but I think it possibly elongates and sees significantly higher prices.”

“ETH is also attempting a similar flip,” a Delphi Digital report stated. “If price holds above the May 2021 closing peak, ETH will also look primed for trend continuation to the upside. If price support gives way, the hope for bulls would shift to a possible retest and bounce off the upper trend line established from the May 2021 top to the Sep. 2021 high.”

Ethereum has seen the numărul de adrese active on the network continue to climb. The net issuance of ETH continues to fall towards zero, adrese unice are increasing, soluții de scalare are seeing increased adoption and mainstream use cases continue to unfold, such as Sotheby’s denominating prices in ETH.

În plus, Fuziunea Ethereum este chiar după colț.

Jetoane nefungibile (NFT)

Date de tranzacționare de la Opensea și Analiza solară dintre cele mai importante proiecte Solana și Ethereum pot fi găsite mai jos:

Dacă ai ajuns până aici, mulțumesc pentru lectura! Aștept cu nerăbdare să ajung din urmă luni.

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Source: https://blockworks.co/square-unveils-tbdex-whitepaper-eth-outperforms-btc-markets-wrap/