Swapzilla, a Better Version of Cryptocurrency Exchange

Swapzilla, a Better Version of Cryptocurrency Exchange

Akbar

Cryptocurrency exchange seems like a very promising world where you can depend on for making a profit. It said this system will increase the effectiveness of business transactions in the future. However, did you know that the current cryptocurrency exchange has so many problems? Ineffectiveness because of the need for multiple accounts to trade, hacker attack threat, incomplete list of crypto assets, are several problems that the digital trader is facing today. Swapzilla tries to provide a solution to this problem.

What is Swapzilla?

Swapzilla is a trading platform that facilitates and even provides anything that a trader needs today. Of course, this platform is specialized in cryptocurrency exchange. We see this as one of the promising projects, as it can solve all kinds of problems we mentioned above.

The Benefits and Solutions

All trading is done in one platform, which means you don’t need many accounts to trade different cryptocurrencies. Then, the incomplete list of crypto assets also is solved here. Swapzilla provides access to almost all cryptocurrency you want to exchange. The best of all, you also can trade them on this platform. Within single windows, you have access to many cryptocurrencies. Isn’t that amazing?

As for the hacker attack threat, Swapzilla admits that there is a risk in their system for this attack. However, this project has a team of experts that always keeps the protection in the top performance. They always regularly maintain and check it, to ensure that a problem like this won’t occur.

The solution is indeed real. However, that’s not only a great thing we’ve found in Swapzilla service/system. This platform also gives you more benefits, such as rich data collection for the users. These benefits allow the user to trade at the most favorable rate. It also widens the strategy that you can use for the transaction.

One of the best advantages you can get is how you get passive income from using the feature in the Swapzilla platform. So, the arbitrage, mirror, and margin trading modules help you to get this passive income. You won’t get only profit from your trading. Just doing your activity in Swapzilla is also giving you extra income.

Token

Swapzilla uses a token called SWZL. This token is made based on the Ethereum (E20) standard. If you are interested in investing in this project and get the token, you can try to get it. Currently, the IEO (Initial Exchange Offering) period for this token is still ongoing. You can buy them and use them in the future for many features you can find in the Swapzilla platform.

Conclusion

With the increase of cryptocurrency exchange popularity, and more people try to make a transaction in this digital market, Swapzilla gives them a great chance to feel the best experience in digital trading. The system is a perfect design for the better transaction you can get. The information you can get within the platform also can be your best reference to create the correct strategy for your trading. Overall, this is one of the best projects for cryptocurrency exchange.

For more information, please visit:
Website https://www.swapzilla.co
Whitepaper https://www.swapzilla.co/WhitePaper-eng.pdf
Twitter https://twitter.com/swapzillaco
Facebook https://www.facebook.com/SwapZilla-2335457683242053
Telegram https://t.me/swapzillachat

Author https://bitcointalk.org/index.php?action=profile;u=1646336

Source: medium.com

Author: Akbar


Bitpinas - Bitcoin Philippines | Blockchain News Philippines | Cryptocurrency News

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What is bitcoin 'halving' and will it boost price?

What is bitcoin ‘halving’ and will it boost price?

For the first time in nearly four years, and for only the third time in its 11-year history, bitcoin is about to undergo a seismic shift to its technological foundations. The halving event will not only affect how bitcoin is created, it will likely also have a significant impact on the entire cryptocurrency market.

Scheduled to take place next month, the event all stems from bitcoin’s unique digital design. Unlike traditional currencies, the number of bitcoins that will ever exist is fixed. The mathematical code underpinning the cryptocurrency means that only 21 million bitcoins can ever be produced and no amount of quantitative easing can artificially inflate this.

More than 18 million bitcoins have already been produced through a process called mining, whereby new units of the cryptocurrency are generated by networks of computers programmed to solve complex mathematical puzzles.

Sharing the full story, not just the headlines

The imminent halving of bitcoin, however, is about to make this process considerably more difficult.

The halving event, sometimes referred to as “the halvening”, is essentially the opposite of quantitative easing – so much so that some crypto enthusiasts refer to it as quantitative hardening.

As the name indicates, the halving cuts the production of bitcoin in half in such a way that mining the cryptocurrency only generates 50 per cent of the yield it used to.

It takes place roughly once every four years whenever 210,000 blocks have been mined, and is predicted to take place on 12 May. This halving will see mining rewards fall from 12.5 bitcoins per block, to 6.25 bitcoins.

The event is not determined or governed by a centralised body. Instead, it is hard-coded into bitcoin’s underlying blockchain that was created in 2008 by its pseudonymous creator Satoshi Nakamoto.

Bitcoin was developed as an antidote to the perceived flaws in the established financial system, which had contributed to the global crisis of 2007-2008. By cutting the supply, the halving event is designed to ensure the scarcity of bitcoin while preventing extreme price inflation.

Previous halvings have resulted in sharp price increases and severe market volatility for bitcoin and other cryptocurrencies, as traders and miners adjust to the new production limitations of the world’s most valuable virtual currency.

The halving in 2012 saw bitcoin’s value shoot up by 80 times, while the 2016 halving preceded a 300 per cent rise in bitcoin’s value. The simplest explanation for these price increases is the basic economic principle of supply and demand: if the supply suddenly drops but demand stays the same, the price will inevitably rise. But the decentralised and semi-anonymous nature of bitcoin means it is difficult to attribute specific gains or losses to a specific event.

May’s bitcoin halving comes in the middle of a global economic meltdown, though it is not yet clear whether collapsing markets is driving money away from traditional assets into cryptocurrency. Some analysts claim that bitcoin is becoming a safe-haven asset similar to gold, and early evidence suggests that investors may already be looking towards it as an alternative store-of-value.

The CEO of one of the world’s largest cryptocurrency exchanges recently revealed data showing a spike in deposits of $1,200 – the exact same size as the US government’s stimulus cheque. ​

Bitcoin is yet to be tested by global economic disruption on this scale, and it may well go the same way as stocks or other assets as investors rush to liquidate holdings into cash. Some analysts are hopeful, however, that the halving event combined with traditional market chaos could see the cryptocurrency reach above the record highs of $20,000 that it saw in 2017.

“Many eyes have been on bitcoin since the bull run of 2017, with people eagerly awaiting its next big moment. We believe that moment is coming and we can expect to see an explosive year for bitcoin,” Danny Scott, CEO of British-based cryptocurrency exchange CoinCorner, told The Independent.

“With both the current unexpected global crisis and the halving event, we can only expect the price of bitcoin to continue in the direction that everything is currently pointing: towards that $20,000 figure and beyond.”

Source: www.independent.co.uk

Author: Anthony Cuthbertson


Swapzilla, a Better Version of Cryptocurrency Exchange

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