Blockchain

Global Blockchain Technologies (CSE:BLOC) has announced that its exchange, Singularity, has entered beta testing. As quoted in the press release: Singularity harnesses the abilities of both the Laser and Stellar blockchain networks, by using a federated sidechain to bridge the two networks. Through the combined functionality Laser and Stellar, Singularity is able to offer decentralized …

Global Blockchain Technologies (CSE:BLOC) has announced that its exchange, Singularity, has entered beta testing.

As quoted in the press release:

Singularity harnesses the abilities of both the Laser and Stellar blockchain networks, by using a federated sidechain to bridge the two networks. Through the combined functionality Laser and Stellar, Singularity is able to offer decentralized custody, as well as a decentralized order book. Custodianship remains a pressing issue in the trade of crypto assets, with fewer traders trusting their capital to centralized exchanges that provide custody, since they can lose their balance in the event that the exchange is hacked. Making an exchange more decentralized is a testament to the principle of decentralization that is fundamental to blockchain networks, a value that Singularity will exemplify in a way no other crypto asset exchange has before.

At this time, interested users are able to register their interest in the beta testing phase for Singularity at http://www.singularity.exchange. In order to activate their account, users will be required to make a deposit of five Stellar Lumens. Further, users will be required to accept a disclaimer which stipulates that all trades made on the beta testing version of Singularity are at the user’s own risk.

“Crypto has come a long way in 2018”, said Steve Nerayoff, Chairman of the Company. “With Singularity now on the market, it will take the space a significant step forward, providing value to both retail and institutional investors by taking away the problems that are created by centralized custody and centralized order books. Singularity represents what the crypto space was going for from the very beginning, and I am eager to see how it will enrich the space as it gets rolled out.”

Click here to read the full press release.

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