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Tag Archives: Centralized

6 Things People Take for Granted When Using Centralized Crypto Exchanges

In the world of cryptocurrency, centralized exchanges are still a very common sight. That is a bit unusual, especially in an industry where decentralization is the main selling point. Even so, there are several positive aspects of centralized exchanges, especially during these early stages of the cryptocurrency industry. 6. High Volume Even though there have been concerns over the cryptocurrency ...

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4 Issues Centralized Bitcoin Exchanges Need to Address in 2018

Centralized exchanges are a convenient way for consumers to enter the cryptocurrency world. Even so, these centralized platforms are not without issues and drawbacks. Various problems can arise when using these exchanges, which only highlights the need for decentralized trading solutions. 4. Lack of Transparency Around Volume Rumors regarding trading manipulation across cryptocurrency exchanges have persisted for quite some time ...

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Most ICOs Retain Centralized Control, Break Whitepaper Promises, Academic Report Shows

Initial Coin Offerings (ICO) “failed” to provide protection against insider trading or stick to their whitepaper promises, a new report from the University of Pennsylvania Law School released July 17 reveals. The lengthy study of the ICO phenomenon, dubbed “Coin-Operated Capitalism,” begins with a frank appraisal of investor expectations versus reality, the four contributing professors finding basic inconsistencies in the ...

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Various ERC20 Tokens Favor Centralized Asset Control Features

A new trend has begun to emerge in the world of cryptocurrency. Various new coins and tokens have an underlying “freeze asset” function. Although this feature has proven useful in certain cases, it also highlights the high degree of centralization associated with these projects. Coin Freezing Features Are Oddities On paper, it makes no sense for a decentralized cryptocurrency to ...

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Bitcoin Cash Network Highly Centralized, 49% of all Nodes Run on Alibaba’s Facilities: Bitpico

Weeks after announcing they would be launching an attack on the network of Bitcoin Cash, hacker group Bitpico has disclosed that the altcoin suffers from massive node centralization. A screenshot of the hacker group’s discoveries was published with one selected instance showing 98% of the IP addresses were physically located close to each other. 98% of the shown nodes are ...

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Binance CEO Rebuts Buterin’s Centralized Exchange Slur

Last week, Vitalik called out centralized exchanges in an interview with TechCrunch, with his statements catching many off-guard, including Binance’s CEO. Binance CEO: We Are All Part Of The Same Ecosystem Vitalik Buterin, a co-founder of the Ethereum project, recently called out centralized exchanges in an interview with TechCrunch. Vitalik, a prominent Russian-Canadian programmer, has been well-known for his work ...

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Crypto Daily News | Vitalik Buterin on Centralized Exchanges; HBUS Open

In today’s edition of Crypto Daily News, we cover why Vitalik Buterin slammed centralized cryptocurrency exchanges, the Philippines making moves in cryptocurrency, and HBUS’s opening in the United States. Crypto Daily News: Vitalik Buterin Hates Centralized Exchanges On July 6th, Vitalik Buterin spoke in a ‘fireside‘ chat with Jon Evans at the TechCrunch Session focused on the blockchain. Most of ...

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Vitalik Buterin Blasts Centralized Cryptocurrency Exchanges

Cryptocurrency exchanges are a vital aspect of this industry. Although they make it more convenient for consumers to embrace this new form of money, there are a lot of concerns associated with these centralized platforms. Vitalik Buterin is convinced that these companies are a problem and should burn in hell. Vitalik Buterin on Exchanges The world of cryptocurrency is about ...

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the State Will Keep ‘Centralized Role’ in Money Emission

The CEO of Russia’s largest state bank Sberbank, Herman Gref said he could not yet foresee governments “yielding their centralized role” in fiat currency creation as part of his comments on cryptocurrency. Speaking to reporters during the Astana Finance Days international conference in the Kazakhstan capital July 4, Sberbank’s Herman Gref repeated the comments he has made “many times” about ...

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