Bitshares vs Synthetix Network vs Newdex
What problem does this service solve?
Bitshares is an open source blockchain platform designed to increase access to banking services. | Synthetix allows users to trade collateral based assets on the Ethereum blockchain. | Newdex hopes to allow users to trade a variety of cryptocurrencies, with faster transaction times. |
Token Stats
Not Relevant |
Company Description
BitShares is a blockchain platform designed to assist the unbanked. It offers both banking and exchange services. Bitshares was originally launched in 2014 by Dan Larimer, an influential blockchain developer that has also worked on EOS and Steemit. It is a community run open source project. | Synthetix, previously known as Havven, is developing a decentralized exchange that will allow users to trade a variety of collateralized stablecoins and commodities. The Synthetix network is built on Ethereum, and is powered by the SNX token, which works together with the Synth token to provide traders with opportunities to buy and sell assets on the Ethereum blockchain, through a distributed collateral pool. | Newdex is the first EOS based decentralized exchange. It's built on the EOS main chain and uses an off-chain matching mechanism to pair buyers and sellers. Newdex was hacked in September 2018, and lost around $58,000 worth of cryptocurrencies. Trading fees are 0.1%. |