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What is BitbitCoin (BitcoinDex) [Zhihu]

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What is BitbitCoin Editor\’s Note: This article is from the Plain Blockchain (ID:

What is BitbitCoin (BitcoinDex) [Zhihu]

What is BitbitCoin Editor’s Note: This article is from the Plain Blockchain (ID: hellobtc), Author: Wuhuoqiu Master, Odaily Star Daily authorized reprint.

What is BitbitCoin? It is a digital currency trading platform created by a team of miners from Bitcoin and Ethereum networks. They created the first encrypted asset exchange based on smart contracts BitcoinDex protocol, and launched their own token BTT. Before June 16, 2018, the BitcoinDex project provided users with a service that can directly exchange legal currency without fees through cooperation with Bitfinex. However, because Bitfinex currently does not support other cryptocurrencies such as Bitcoin, many people believe that the value of the project is underestimated. Therefore, when investors want to convert their BTC into BitbitCoin, they need to use software provided by some third-party service providers to achieve this goal.

According to the introduction, this user named BitbitDex can access the interface of BitbitDex through its website, and can purchase and withdraw money with mobile wallets or computers. In addition, if you want to participate in BitbitDex or other decentralized financial applications, you can also choose to join BitcoinDex.

“Bitcoindefi” is a decentralized distributed lending market platform, consisting of a group of specially developed algorithm-driven cryptocurrency mining products, including liquidity pools and stablecoins. “Bitbns” is a project founded by Bitfinex’s founder and CEO Zhao Changpeng at the end of 2013, focusing on the field of digital assets. In early 2020, Bitfinex announced that it had obtained a virtual asset license issued by the Swiss Federal Reserve Bank; in October last year, Bitfinex also obtained an ICO exemption license issued by the Swiss National Economic Commission.

Since 2017, “Bitbns” has developed into one of the largest cryptocurrency trading and custody platforms in the world, with more than 500 different digital assets currently in circulation.

In addition to traditional fiat currencies, Bitfinex also has a new payment method, which is to use digital assets for cross-border remittances-that is, to complete international transfers without intermediaries. The purpose of this service is to make it easier for people to buy and sell these currencies, and the transaction fees are smaller. Although the trading price of Bitcoin is high now, it is still not as safe and reliable as before. Instead, it relies on smart contracts to allow everyone to send funds quickly and easily.

What is Bitcoin Zhihu

What is Bitcoin? There is an answer on Zhihu. Bitcoin is a digital currency that tracks people’s transactions and its value. This question was originally raised by developers on the Internet, but many people cannot understand it because of a lack of understanding of blockchain technology.

According to network information, “Bitcoin is an encrypted currency created based on distributed ledger technology.” After Bitcoin first appeared in July 2014, it was rejected by the U.S. Securities and Exchange Commission at the end of 2016 for registration. At the end of 2019, the U.S. Securities and Exchange Commission also sued a company named “BitPay” for violating the Bank Secrecy Act.

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