THELOGICALINDIAN - New affiliation will arch EOS with NEO and Ethereum
Switcheo has aloof announced affairs to aggrandize to the EOS network. In accord with Obolus, a fintech analysis and development company, the barter will body new acute contracts, acceptance users to trustlessly barter tokens with the fifth better blockchain ecosystem.EOS will be the third blockchain in the Switcheo market, forth with NEO and Ethereum.
Switcheo co-founder Jack Yeu says that the activity seeks to ensure that users accept abounding ascendancy over their funds at all times. Partnering with Obolus and leveraging its on-chain analogous agent affection will bolster its aegis by removing third parties, according to the announcement.
Yeu continued:
Users not yet accustomed with the EOS ecosystem can additionally artlessly log in through their Switcheo annual and barter on all chains after delegating abstracted software and wallets for anniversary asset. The new DEX will additionally absorb a proprietary staking mechanism, acceptation users will not charge to pale their own tokens to pay transaction fees.
“This technology is unique,” the ally announced, “compared to added EOS DEXs which about use beneath defended key appointment technologies.”
Obolus is a analysis aggregation staffed with PhD computer scientists and physicists who met while alive for SBI Holdings, and currently runs the company’s trading board algorithms.
New technology could abate the access of middlemen in the minerals market.
Africa continues to comedy a arch role on blockchain adoption, accretion ability for the continent’s ahead illiquid wealth. One of the latest accomplish advanced is from Sawa Minerals, a blockchain-powered trading belvedere which has aloof appear its admission in Nairobi, Kenya.
According to a columnist release, the Sawa belvedere aims to abridge the affairs of ethically mined minerals for artisans and baby calibration miners (ASM’s) beyond Africa and developing nations worldwide. Currently, ASM’s accommodate a cogent allocation of mineral assembly in Africa, but they don’t see the agnate profits. According to Sawa Minerals, that’s because middlemen and vendors action miners arrant prices, and resell the articles at aerial accumulation margins.
Sawa is Swahili for “all good”, “fine” or “okay”, and back the startup’s aggregation saw a problem, they absitively to administer blockchain to the band-aid and accomplish things “Sawa.” According to the columnist release:
Blockchain is assertive to action transparency, ability and assurance to the mining industries not alone of Africa, but in abounding developing nations worldwide. Kali Angwa, CTO and co-founder of Sawa added:
“The Sawa Minerals belvedere ensures assurance amid mineral buyers and traders by utilizing acute affairs which alone complete already both ends of the accord are fulfilled.”
One of the best transformative aspects of blockchain technology is its adeptness to advance admittance at assorted levels. Not alone does blockchain deliquesce barriers amid adamant financial and bureaucratic systems, it additionally opens pathways for the underbanked and financially excluded to barter and accept value. This allows previously-excluded populations to accomplish and account from beyond bread-and-butter contributions in this digitized advice age.
