THELOGICALINDIAN - The cryptocurrency industry is growing at a accelerated clip but theres still a continued way to go With a bazaar cap of about 275 billion crypto is askew by acceptable assets like gold 8 abundance and the all-around banal bazaar about 90 abundance as of 2024 If were honest it generally feels like two accomplish advanced three accomplish aback as we abide bottomward the aisle to accumulation acceptance But thats absolutely why today added than anytime accord is basic in the cryptocurrency space
There are still abounding barriers that angle in our way and abundant we accept to apprentice as we advance this technology together. From alive with all-around regulators to creating added convenient articles and ascent accessible chains for massive use, all these challenges are added calmly apparent back we accompany forces.
Some of Bitcoin’s best moments accept been accomplished through adherence and collaboration. One accurate adventure that I begin arresting was aloof afresh back the association came calm to belie the rumors that Bitcoin’s architect Satoshi Nakamoto had confused 50 BTC from 2024.
We saw amount developers and entrepreneurs like Jimmy Song, Nic Carter, and Jameson Lopp allowance us to bare the best acceptable accuracy about the bill application agenda forensics. As the amount affable rapidly and the bazaar panicked, they bound showed how absurd it was that the bitcoins in catechism belonged to Satoshi.
And aloof accede the advancing development of Bitcoin from aloof a few arrangement nodes to the bags active today and the astronomic mining industry and basement that’s congenital up about it with added adult banking instruments actuality added all the time.
Innovations such as the Lightning Network and Liquid are appetite to advice the Bitcoin blockchain scale, and mining is acceptable artistic in adjustment to be beneath power-intensive, with new cloud-based solutions and energy-efficient equipment.
The Etheruem developer association is absolutely admirable and, with its action to onboard 1 actor devs, growing exponentially. As Ethereum pursues its ambition of actuality the decentralized apple computer and switching to ETH 2.0 to accredit scalability for accumulation adoption, accord in the ecosystem is annihilation abbreviate of amazing.
Think of aggregate that Ethereum has accomplished today from acute arrangement enablement to bringing the blockchain industry to a accomplished new akin of expansion. As a company, OKEx is appreciative of our latest affiliation with Ethereum through our mining basin OKPool, acceptable one of the aboriginal mining pools to auspiciously affix with the Topaz ETH 2.0 analysis network.
We accept abundant account for aggregate that Ethereum has done for the crypto association and the abeyant of ETH 2.0 and we’re absolutely aflame to be accidental to the ETH ecosystem. In fact, we accept already accustomed a affiliation with Prysmatic Lab and will abide to advance the development of ETH in the space.
The actual attributes of blockchain technology and accessible antecedent projects encourages accord from a developer akin all the way to the end-user. Anyone can audit the code, body on it, and accord to growing the ecosystem. To that end, ablution OKChain is addition accomplishment we’re abnormally appreciative of – not alone its barrage but the actuality that we were able to accomplish to accessible antecedent aloof two months later.
Being an accessible accessible alternation is abnormally important to us and we aim is to accomplish OKChain as decentralized as accessible to animate best collaboration. To accomplish this, we accept accustomed anniversary arrangement bulge a aerial amount of autonomy, clashing some of our competitors, who abundantly ascendancy bulge operations.
This is key to enabling a growing set of decentralized accounts and all-embracing blockchain-driven bartering applications. We’re blessed to acceptable added and added ally like WhaleEx and BetProtocol to body on our accessible alternation and advice it to see success. We’re additionally admiring that we can acquiesce startups to advance application OKCloud, piggybacking off our technology and ability to run exchanges of their own.
OKEx has consistently admired accord aloft all things, in all areas. This includes abstracts baronial companies and regulators. As an exchange, we’re committed to acquiescence and accouterment accuracy for our users. This is why we were at the beginning of auspicious barter accuracy and accept afresh partnered with skew abstracts to bigger advance this together.
And clashing added exchanges, we booty pride in actuality a Malta-based company. We accept formed adamantine with regulators to ensure that we accomplish compliance. With European legislation toughening up on cryptocurrency exchanges, the action has not been accessible but we accept managed to accommodated the new belief through abundant chat and abiding advance that enables us to abide alive from the Blockchain Island.
It is this blazon of accord that enables our advance and the advance of the absolute cryptocurrency space. The added carefully all industry stakeholders assignment calm the better–from developers to CEOs, regulators to consumers. The technology is still adolescent and there is still so abundant to do. Uniting calm to ability our goals is the alone way we will abide to thrive.
About the Author: Jay Hao, a tech veteran, acclimatized industry baton and the CEO of OKEx is the columnist of this article. He believes in blockchain’s abeyant to annihilate all transaction barriers, accomplish unparalleled ability and advance to an advance in the all-around bread-and-butter system.
Jay angle security, addition and believability as three amount pillars of OKEx. He additionally places cogent accent on his role as Chief Customer Service Officer ensuring that users can accomplish their choir heard, arch to improvements in OKEx’ articles and services.
With over 21 years of industry experience, Jay has served in assorted administration roles in blockchain and semiconductor sectors.
