Swiss SIX Group (SDX) to Open New Blockchain Trading System
The Swiss Stock Exchange is set to open its digital blockchain trading in the second semester, its top official said.
Time efficient proven
Jos Dijsselhof, chief executive officer, said in a Cointelegraph interview that Six, the company behind the Swiss Stock Exchange, chose the digital platform as it is proven to be time efficient and when talking about security, the digital technology employs better and improved security in exchange market.
The digitalization of the company’s blockchain trading will run alongside its current crypto trading system.
Dijsselhof said during the same interview that with the traditional system, it usually takes two days for a stock buyer to become the owner. But with the forthcoming system, he said: “the whole process takes only a few seconds which makes the market more efficient, and at the same time also takes risks out of the system.”
New platform
Meanwhile, the chairman of the company, , during a conference sideline interview by Reuters, expressed optimism that the company will soon replace all its other traditional exchange system into digital within a decade from now, adding that they hope several of the company’s assets will move to the new platform.
Although Lacher did not divulge what particular assets these would be, he assured selected stocks will be included in the digitalization soon, saying that “digitalization of each asset will go through a rigorous review process”.
He also expressed that the company will also introduce tokenization of its other securities and assets.
Six is not the only trading market which plans to test the waters of digitalization as there are many others who are undertaking such changes, the Deutsche Boerse for example, which already delved into the new technology for its virtual currencies and blockchain.
What do you think of the company’s plan? Give us your thoughts.
(This article is written by Cristina Eleuterio-Alivio)
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bitcoin has always been seen as the king of the world of cryptocurrency due to its network effects and first-mover advantage, but CEO thinks bitcoin could be replaced as the top dog if a scaling resolution is not found this summer. Voorhees shared this point of view on with co-hosts and .
The debate over scaling bitcoin has been the main topic of conversation in the ecosystem for the past two years, but it appears that the network .
During his appearance on Epicenter, Voorhees discussed his support for the proposal, his impression that many bitcoin users aren’t paying attention to the scaling debate and whether bitcoin needs an improved system of governance.
Is SegWit2x bitcoin’s Short-Term Scaling Solution?
SegWit2x, which is , is a proposal for adding SegWit and a increase to the block size limit to bitcoin. Voorhees described himself as a “big proponent” of the proposal during his appearance on Epicenter, saying that it’s the “only viable, actual option to moving bitcoin forward.”
“I want SegWit on bitcoin as soon as possible,” said Voorhees. “I also want a hard fork to a larger base block size as soon as possible, and SegWit2x hopefully will make those things happen.”
Voorhees said that he is also bullish on the possible success of SegWit2x due to the declared support of the proposal from over 80 percent of the network hashrate.
According to Voorhees, the activation of SegWit2x will move bitcoin out of a “trough of misery” that he believes the digital cash system has been in for the past two years, though he also believes the deployment of these changes has the potential to cause some volatility in the near term.
“This stagnation has been really horrible for bitcoin,” said Voorhees.
In Voorhees’s view, the activation of SegWit2x on the bitcoin network will lead to a rally in the bitcoin price that “will be unlike anything that people have ever seen before.” He also believes the activation of the scaling proposal will allow everyone in the ecosystem to refocus on building on top of bitcoin rather than debating over the base protocol.
At one point during his Epicenter interview, Voorhees admitted that he almost doesn’t care which scaling proposal is activated on the network.
“I just want something to happen,” said Voorhees. “If this summer fails to find some kind of resolution to this debate, then I’m pretty bearish on bitcoin, and I think it’ll probably be replaced.”
Voorhees also discussed the bitcoin community as a whole during his appearance on Epicenter, and he noted that bitcoin’s userbase is much larger than some may realize.
“The community is so much larger than Reddit, and people that live on Reddit don’t realize this,” said Voorhees.
While the /r/bitcoin subreddit is still a main hub of the community, Voorhees pointed out that both and have 10 million users each. By comparison, /r/bitcoin has roughly 250,000 subscribers.
Voorhees then told a story of going to a recent bitcoin meetup in Berlin, Germany, where Blockchain CEO Peter Smith asked the audience how many of them had heard of the SegWit2x proposal. According to Voorhees, about 5 percent of the crowd raised their hands.
Voorhees’s story about the Berlin meetup eventually turned into a broader conversation of how changes should be made to the bitcoin protocol. Crain pointed out that some of the newer altcoins coming onto the market, such as Tezos, are heavily focused on the issue of network governance.
“It’s a slippery slope,” said Voorhees. “When you start having structured governance, you start moving toward an organization that can be compromised. As difficult as bitcoin has been in making progress on this one debate, it also is showing immense resilience to change, which is good and bad — it depends what the issue at hand is. You have to be careful if you want something like a blockchain project to turn into a more traditional-looking organization with a hierarchical structure and certain people who make key decisions. That’s not necessarily the best way that a blockchain should exist.”
Voorhees then admitted that he does not know the best governance model for a blockchain, but he thinks it’s great that there is so much experimentation taking place in this area right now.
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