October 12th, 2018 — Lugano, Switzerland — when Binfinex put together the Ethfinex Governance Summit in Lugano, Switzerland, for select top traders and stakeholders, one team stood out.
Bitfinex’ summit brings together hand-selected academics, entrepreneurs, innovators, and influencers with insights to offer on the latest developments in distributed governance.
Centralized security of today’s wallets and major exchanges is a major concern that drew attention from the attendees. With all the news about exchanges and wallets getting hacked, the very idea of putting trust into a private key (no matter how secure) was questioned.
The question became especially pressing after the attending team members of Spatium shared with other attendees how they developed a distributed system of signing transactions — without a private key. Moreover, Spatium’s protocol implements distributed storage of user data among participating devices and on the blockchain itself.
“The experts gathered here in Lugano really understand the importance of letting everyone crypto securely,” notes the Spatium project’s CEO, Geray Yusifov: “Bitfinex itself can use our unprecedented level of security, with Spatium collaborating with them in serving their clients.”
Spatium’s software wallet is already available in and the , where anyone can download it and get the security benefit of Spatium’s keyless approach to transaction signing. Summit attendees appreciated the existence of a software wallet that is more secure than the hardware wallets currently on the market.
Binfinex also announced the creation of Ethfinex Trustless, a new trading platform that places security, privacy, and control in the hands of the users. This fits perfectly with the services Spatium offers right out of its wallet via their upcoming DEX: trading any supported cryptocurrencies for each other — without sending funds to an exchange.
“As traders ourselves, we understand the importance of keeping custody of your assets,” explains Spatium’s CTO, Valery Vashkinel: “So we are creating an ecosystem where user funds never leave their wallet until a trade is complete and the new currency arrives to the wallet safely, continuously protected by our unhackable, keyless, security.”
In their conversations with the Spatium team, major stakeholders in the crypto community showed their appreciation of Spatium’s keyless, distributed way of signing transactions and storing data.
As the Summit and the announcement of Ethfinex Trustless showed, security and custodianship of funds are paramount to using cryptocurrencies with comfort and confidence. This fits right within Spatium’s philosophy that everyone should be able to “crypto securely.” More information about Spatium is available on their website at . Or see their GitHub repository at .
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The Spatium multiservice platform is based on the Spatium Protocol, which eliminates the single point of attack that leaves current wallets so vulnerable – the private key. Instead, pieces of authentication data are spread out among several participating devices and the blockchain and together sign transactions without ever leaving their respective devices. Based on this technology, the company has already released the most secure software wallet on the market, to be followed by a novel hardware wallet, decentralized exchange, ICO service, Portfolio Investments service, and more components of the multiservice platform that allows users to crypto securely.
For all media inquiries please contact us at media@spatium.net and see the full Media Kit .
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[XTZ] dominates the leading board of coins which are ranked by market capitalization with its double digit increase only in the last 24-hours. Reaching the price of $1.44 against the US Dollar in the beginning of the week it counts 11.00 percent increase today while marching forth the BTC market for 12.50% in the green.
Source:
The pair’s XTZ/USD performance Yesterday it achieved a clearing-above the weekly declining trend which has been tanking the value downward as did the general market sentiment. Per time of writing the coin is ranked 17th with $877 million market cap and a trading volume of $6.2 mil [24h].
Its Story
During one of the most successful and largest ICOs ever held – Tezos Foundation raised over $232 mil bringing a new cryptocurrency in the market. During a contact made by Reuters to the president of the foundation it was confirmed that its MainNet was set to launch on the 14th of Sep, 2018.
project to launch main next week:…
— John M. Spallanzani (@JohnSpall247)
Rolling back to the present, one of the catalysts that hoisted the current value upward movement could possibly have been listing of XTZ. To bring the token closer to the European investors and traders, the exchange added XTZ on both its old and new platform. Every user was notified via their respective email of this addition.
What is Tezos (XTZ)?
Tezos is a decentralized computing platform for Turing-complete smart contracts. Tezos has three key features. (1) “Liquid Proof-of-Stake” consensus – there is a relatively low barrier to consensus participation and delegation is not required. (2) Smart contract verification – Tezos invented the Michelson programming language that allows formal proofs of contract properties for better contract security. (3) On-chain governance – all aspects of governance are contained in the platform: voting on proposed protocol upgrades, paying developers and implementing the upgrades. – Via Kraken’s blog post
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Dear BitWinners:
