BitcoinZ launches BitcoinZ-DEX, a truly decentralized exchange and wallet platform just in time for historic halving on October 10, 2021
– BitcoinZ core developer team
AJDOVSCINA, KOROšKA, SLOVENIA, September 30, 2021 /EINPresswire.com/ – The BitcoinZ team has just launched a truly decentralized project that many blockchain projects can only dream of. Launch of a truly decentralized DEX without ICO, without capital increase and without external investment. Other DEXs on the market have required a lot of capital investment and therefore still have some central authority. BitcoinZ follows its mission and core values, proving that decentralization works and is the future.
Not only has BitcoinZ excelled in building this DEX, but they have proven that decentralization is the future and can be achieved without outside influences and controls.
The BitcoinZ developer team has released a premier DEX of the future. The BitcoinZ-DEX and found the GUI very nice and easy to navigate. Using BitcoinZ Blockchain technology, trading and transactions are almost instantaneous. Unlike other DEXs, fees and transactions are almost non-existent using the Peer-to-Peer network built into BitcoinZ Blockchain. This DEX is really different from other DEXs because it is the future of DEX. To experience this DEX for yourself, please visit the official website here: https://getbtcz.com/bitcoinz-dex-2/
The Core Developer team has also created a great step-by-step video on how to use BitcoinZ-DEX: How-To-Use-BitcoinZ-DEX
Keep an eye out for the BitcoinZ project, this release really takes their project to the next level and recently the BitcoinZ community seems to be growing rapidly and seems very motivated.
What exactly is BITCOINZ-DEX?
BITCOINZ-DEX is an innovative application that acts as a wallet with built-in DEX functionality using BITCOINZ as one of its core digital currencies.
In reality, the user can take advantage of a modern wallet application, having their keys for each asset and at the same time a true 100% decentralized exchange that allows users to exchange directly (P2P) with each other.
Using Komodo’s atomic exchange technology, it shares the same liquidity with all other true DEXs based on the same model. It is one of the very few True DEX platforms that offers the functionality of swapping between (potentially) all unique UTXO blockchains and eth tokens or other tokenization ecosystems.
The above does not happen with the most popular self-proclaimed “DEX” platforms. Because they usually only offer exchanges between tokenized coins in a specific ecosystem where all assets depend on the same blockchain. Namely, “packaged” parts that take a specific “compatible” shape in order to function in a certain ecosystem. Exactly like wBTC or wZCASH do for the ETH ecosystem for example. This common ‘DEX’ approach leads to a centralized model which is very far from the pure idea of cryptocurrency with many negative side effects such as spikes in fees, as everything relies on a certain blockchain (eg ETH) . Everyone has heard of crazy ETH gas fees.
On the contrary, the BITCOINZ-DEX platform manages to carry out exchanges between ALL these different ecosystems and between unique blockchains such as those of BitcoinZ, Digibyte, Litecoin, Bitcoin, Dogecoin etc. Without of course the obligation to “wrap” a coin in a specific blockchain before the transaction.
The BITCOINZ-DEX works in practice as a wormhole / gateway through all the listed blockchains, making possible the connection between all these different blockchains, which makes it a real demented platform.
What are the advantages for the user in fact?
The advantages for a BITCOINZ-DEX user are:
– A dual functionality app which is a great wallet with decentralized trading features.
You can sell one part for another, so you are a seller / manufacturer. Or you can execute an existing sell order because you want to buy a coin while paying with another that you have in your wallet! In this case, you are a buyer / lessee. Very simple.
– Increased security because you own your keys and you trade from your wallet.
There are no third parties with third addresses as with centralized exchanges. Thus, the associated risks are completely eliminated. Risks like hacked exchanges, fraudulent exits, underhand write-offs and loss of funds etc. are from the past.
– Reduced transaction cost.
Without a third party, there are no more withdrawal fees because there is no withdrawal! All the exchanged coins arrive directly in your wallet when the atomic exchange is complete. Even the costs are minimal in the BITCOINZ-DEX. Only the lessee (buyer) pays 0.15% on the amount exchanged.
– Significantly faster negotiation.
Without any withdrawals, there is no waiting for long confirmations, so a completed transaction is considerably faster! Remember that a transaction should never be considered to have actually ended if the funds are not in your wallet. So with a real DEX it really happens faster.
– No limitation to specific trading pairs.
The user can trade with swaps between the coins of his choice. The number of combinations is only limited by liquidity. Each listed asset can be traded for another! In the most centralized exchanges, the client almost always has to use bitcoin, as most coins only have one BTC trading pair. This increases the fees even more and requires duplicate transactions.
– A smooth and real DEX experience while respecting the user’s privacy.
The BITCOINZ-DEX platform does not have lengthy registration procedures with the KYC (know your client) which are generally reminiscent of the practices of financial institutes.
Test BitcoinZ-DEX today https://github.com/btcz/bitcoinz-dex-desktop/releases
BitcoinZ is a 4 year old Crypto project that is community driven, with no PreMine, no ICO, and no developer fees! According to some rumors, BitcoinZ was created by the famous zkSNARK (although no one really knows who created BitcoinZ, which adds to the mystery), this crypto project has a mysterious history and a bright future. The zkSNARKs wanted to create a “gift for the world” by solving the problems associated with Bitcoin while adding privacy and security. They created the $ 21 billion offer with a specific goal of hitting a price tag of $ 1 and getting everyone to own at least one coin.
BitcoinZ hit an all-time high on January 9, 2018 of $ 0.033584, which is 6850% above the price at the time of writing.
October 10, 2021 is a day to mark your calendar. This day will be the first halving for BitcoinZ and historically, shortly after the halving, the price of a crypto asset increases. This has happened in all cases with Bitcoin and we believe the same will happen with BitcoinZ. By halving the supply of coins in the market, the supply drops dramatically and the law of supply and demand kicks in … usually producing higher values. Will BitcoinZ Halving Return Price To All-Time High? Or maybe even higher? We believe that we will see new historical records in the near future.
Also, many crypto projects are considering moving to the point of sale, as these coins can no longer be mined, crypto miners will be looking for alternative coins like BitcoinZ to mine. Historically, more miners increase difficulty, higher difficulty increases the price of crypto assets. We believe that in the very near future more miners will start mining BitcoinZ which will cause the price to rise.
BitcoinZ’s core developer team is strong and growing. They’ve been quietly building on their Blockchain for 4 years and it’s only a matter of time before people start to notice it. Most of the main developers have been involved in the project from the start and have deep knowledge of zkSNARK technology and are determined to change the world.
Interested in joining the BitcoinZ developer team? Join DISCORD today.
⏬ Presentation of BITCOINZ-DEX ⏬