via HackMD, noted that it was more important for exchanges to prove solvency than sticking with reserves data alone. According to the ETH founder, it was better for the crypto sector to have its own method instead of depending on fiat-backed systems.to help with the design, as the cryptographic technology could provide robustness and privacy to the ecosystem. Vitalik also noted that the system could drive centralized exchanges into becoming non-custodial platforms.
“In the future, we may also see cryptographically ‘constrained’ CEXes where user funds are held in something like a validium smart contract. We may also see half-custodial exchanges where we trust them with fiat but not cryptocurrency.”preferred to remain at a standstill. At press time, the exchange coin was trading at $270, according to data by Santiment. This price represented a 0.40% decline in the last 24 hours.the same spot since 14 November. At 0.
Although it was a decline, the status implied that the unique deposit on the BNB chain had mildly decreased. With the one-day circulation in a similar position at 106,000, addresses on the chain also resorted to fewer transactions.As for its condition in the derivatives market, BNB was not in a spectacular position. This was because of the Binancewhich had decreased to -0.004% at press time. This meant that futures and options traders had not reignited their interest in the coin.
Despite the stagnant position of BNB, Vitalik reiterated the long-term objective was for CEXes to function in a non-custodial manner. CZ agreed in accordance.Subscribe to get it daily in your inbox.
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