Paymium is launching a hybrid cryptocurrency buying and selling platform known as Blockchain.io. Discover out every part you could know concerning the platform as we speak in our assessment.
What Is Blockchain.io?
Blockchain.io describes itself as “your gateway to the web of worth.” The platform goals to make it straightforward for customers to change worth “as rapidly and as simply as they change info as we speak.”
Sooner or later in response to Blockchain.io, multiple cryptocurrencies will co-exist and decentralized blockchain-based worth networks will turn into mainstream. It will create an “web of worth” the place we change worth similar to we ship an electronic mail or any information on-line as we speak.
That is the place Blockchain.io is available in:
“As a cryptocurrency change, Blockchain.io will paly a serious position within the Web of Worth’s ecosystem. It is going to be the place cryptocurrencies might be traded in opposition to one another, a gateway to and a bridge throughout the a number of worth networks powered by completely different blockchains/cryptocurrencies.”
In additional simple phrases, Blockchain.io is launching a cryptocurrency exchange. The cryptocurrency change might be a hybrid change with a centralized matching engine and decentralized settlement.
How Paymium’s Altcoin Crypto Alternate Works
Blockchain.io is constructed on high of the Paymium platform. Among the core options of Blockchain.io embrace a cryptocurrency change, decentralized settlement, and liquidity providers.
Clearly, there are plenty of cryptocurrency exchanges accessible on-line as we speak. What makes Blockchain.io completely different?
Effectively, Blockchain.io will concentrate on being totally compliant and clear, and ultra-secure. The platform goals to be the popular selection for institutional ICOs and token listings.
One other distinctive promoting function of Blockchain.io is that it’ll supply centralized order books with decentralized settlement.
At the moment, most cryptocurrency exchanges depend on centralized know-how. These centralized exchanges keep custody of buyer funds. They match trades throughout a centralized matching engine. All trades are accomplished with the change performing as a 3rd get together. Centralized exchanges end in increased charges and decrease management for customers. Nonetheless, additionally they supply sturdy liquidity, quick order matching, and easy trading.
Blockchain.io isn’t going to be a decentralized change. Decentralized exchanges have a number of advantages – but in addition some downsides. They’re not as user-friendly, nor are they as high-volume.
That’s why Blockchain.io desires to create a centralized change with decentralized settlement. Which means customers get pleasure from the advantages of a centralized change – together with quick settlements, sturdy liquidity, and simple buying and selling – with the security of a decentralized exchange.
Usually, we name this a hybrid change. Right here’s how Blockchain.io explains it in a current weblog submit:
“The Blockchain.io platform will mix a centralized custodial change with a decentralized “trustless” cross-chain “truthful change” settlement. The centralized change might be low-latency and full-featured, with custody providers, centralized order reserving and environment friendly order matching.
Blockchain.io will cater to each institutional buyers and retail buyers.
Blockchain.io could have its personal native utility token known as BCIO.
Among the core options of Blockchain.io embrace:
Absolutely Compliant And Clear:
Blockchain.io could have “exhaustive accounting data” that might be frequently audited. Blockchain.io goals to comply with all applicable regulations and worldwide legal guidelines.
Extremely-Safe And Non-Custodial:
Blockchain.io won’t have management (custody) over the funds of consumers. Blockchain.io will use encrypted chilly storage and cryptographic proof of reserves. It should additionally use truthful change protocols to remove counterparty danger.
Blockchain.io could have minimal downtime “restricted to upkeep, or migration.” In addition they plan to supply resilience beneath excessive quantity or DOS assaults with “no technical debt”.
Handpicked Digital Currencies:
All currencies listed on the Blockchain.io platform will endure a radical choice course of. Blockchain.io will analyze cryptocurrencies primarily based on their technical deserves, their sustainability, and their deep protocol. That is designed not simply to make sure high-quality tokens are listed on the platform, but in addition to make sure the safety of the change isn’t compromised by a single problematic token.
Institutional ICO And Token Listings:
Blockchain.io will provide an ICO service to establishments excited about launching their very own tokens.
Excessive Efficiency Matching:
Retail and institutional buyers can get pleasure from excessive efficiency matching, together with a excessive availability and excessive scalability commerce matching engine able to supporting a deep orderbook throughout all pairs.
Fundamental And Superior Orders:
Blockchain.io could have market, restrict, cease loss, take revenue, and trailing cease orders. Traders may even have the ability to set self-canceling and expiration orders.
Blockchain.io could have buyer assist accessible across the clock, 24/7/365.
Blockchain.io will periodically host auctions to bootstrap new foreign money markets with an environment friendly worth discovery mechanism. These clear auctions will happen a number of occasions a day.
Peer To Peer Lending:
Blockchain.io could have a peer-to-peer lending platform the place customers can borrow cash from different customers throughout the platform.
Brief And Lengthy Margin Buying and selling:
Merchants can borrow to open leveraged (or not) lengthy and brief positions assured with a safety margin.
Who’s Behind Blockchain.io?
Blockchain.io is led by founder and CEO Pierre Noizat, who can also be the co-founder and CEO of Paymium. Paymium launched in 2011 as one of many world’s first bitcoin exchanges.
Previous to being involved with bitcoin, Noizat labored on cryptography within the digital tv business lengthy earlier than bitcoin was invented. He additionally has written quite a few books and articles about bitcoin whereas talking at conferences world wide.
Blockchain.io emphasizes that they’ve maintained safe, hack-free operations since 2013.
Different listed members of the workforce embrace Dominique Rodrigues (CTO), Pierre Tavernier (CMO), Laetitia Zito (CFO), and Pierre Michard (Lead Developer).
Paymium at present has 170,000+ registered customers.
Blockchain.io BCIO Token ICO Particulars
The general public sale will begin on September, 17th 2018. You possibly can go to the web site and be part of their whitelist for updates.
Paymium is launching a hybrid cryptocurrency change with the options of each a centralized change (like a centralized matching engine) and a decentralized change (like non-custodial storage and decentralized settlement). The purpose is to cater to institutional buyers and retail buyers alike. You possibly can study extra concerning the platform as we speak at Blockchain.io.