SuperNET Team Introduces EasyDEX: Fully Functional Decentralized Cryptocurrency Exchange

SuperNET Team Introduces EasyDEX: Fully Functional Decentralized Cryptocurrency Exchange

SuperNET Team Introduces EasyDEX: Fully Functional Decentralized Cryptocurrency Exchange

SuperNET team, the brains behind ZCash based Komodo cryptocurrency protocol has announced the launch of its EasyDEX decentralized exchange platform.

SuperNET Team Introduces EasyDEX: Fully Functional Decentralized Cryptocurrency Exchange

November 12, 2016 – Centralized cryptocurrency exchanges, despite being extremely useful and convenient, deviate from the very premise on which Bitcoin was founded: The trustless exchange of value. These exchanges require users to convert their funds into IOU (I Owe You) tokens in order to exchange them within the market. When a user wants to withdraw his funds, the IOUs are converted back into real cryptocurrencies. However, this poses a huge risk for the user as centralized exchanges are prone to inside thefts and outside hacks, something that has been demonstrated repeatedly by the recent happenings in the cryptocurrency industry. Customers of these platforms have lost millions of dollars’ worth of Bitcoin and other altcoin funds to hackers and cybercriminals.

  • There are few decentralized alternatives available at the moment, but more than often they lack the liquidity and convenience that users are otherwise used to. This may soon change as the team behind the SuperNET project has recently released a whitepaper describing the implementation of a fully functional and decentralized exchange.The SuperNET team, headed by the infamous coder JL777, have developed a series of projects capable of interconnecting with each other to complete themselves in the SuperNET ecosystem. These include EasyDEX and most recent, Komodo Platform. Unlike most projects in the crypto industry, these projects don’t seek to compete with Bitcoin or any other cryptocurrencies. Instead, they focus on creating tools and features that benefit all blockchain projects by strengthening them further. These tools include;
    • The Iguana GUI wallet that can be used by any cryptocurrency without a GUI (Graphic User Interface) solution.
    • The delayed Proof of Work consensus mechanism that allows any blockchain to be as secure as Bitcoin through Komodo’s notary nodes.

    The SuperNET team’s white paper describes the implementation of EasyDEX – a decentralized exchange that not only allows users to exchange cryptocurrencies among themselves without entrusting their funds to a third party but also a system that provides speed and liquidity, a key component that has been missing from almost every centralized exchange.

    Unlike other alternatives that have been implemented before, EasyDEX does not rely on proxy tokens, pegged assets or gateways to exchange cryptocurrencies, as these remove some counterparty risk. Also, in order to prevent any shortcomings in speed and convenience (which the centralized platforms are known for), the platform exchanges cryptocurrencies directly through an atomic cross-chain protocol.

    The EasyDEX exchange allows users to maintain their privacy, which is much valued in the cryptocurrency community. This is enabled by the privacy layer in the order matching process which makes it possible to execute trades without establishing a direct contact with the user’s IP.

    As the world of blockchain evolves, the community and services built around it will also evolve along with it, eventually making complete decentralization the only way forward.

    About SuperNET

    SuperNET is a collaborative community of participating cryptocurrencies and their development teams, alongside innovative coders, networking experts, social-media and commercial development specialists and third-party service-providers. They seek to create a united platform of technologies focusing on the establishment of decentralised delivery of previously centralised online services.

    Learn more about SuperNET at – http://www.supernet.org/index.php

Opair Project’s Cryptocurrency ICO: Functional Programming, Decentralized Debit Cards and a Unique Blockchain Platform

Opair Project’s Cryptocurrency ICO: Functional Programming, Decentralized Debit Cards and a Unique Blockchain Platform

Opair Project’s Cryptocurrency ICO: Functional Programming, Decentralized Debit Cards and a Unique Blockchain Platform

Opair, the Open and Fair cryptocurrency platform is holding the ICO of it crypto token Opair (XPO).

Opair Project’s Cryptocurrency ICO: Functional Programming, Decentralized Debit Cards and a Unique Blockchain Platform

August 11, 2016, Berlin – Opair, the new cryptocurrency platform announced the launch of its ICO, on July 26, 2016. The Opair crypto tokens (XPO) can be bought by investors during the month-long ICO period.

The Opair cryptocurrency platform was founded by Frank H. Rettig and the project currently has three people working on various aspects of the digital currency platform. In addition to being a medium of value exchange like Bitcoin, Opair also includes few key features on the roadmap including a Crowdfunding platform, support for Colored Coins, Decentralized Debit Cards, Private Chains, customized Ocaml based Smart Contracts support and a Market Core with decentralized reputation system.

The idea of a decentralized debit card and using a new approach with the use of functional programming are two points that deserve to be highlighted in this project.


  1. Debit cards were in our minds since day one, for it is one of the preferred payment methods of customers nowadays and we aim to mass market adoption, so this goal may not be too surprising. The idea is to eliminate all the intermediaries in the process in order to save time and money. Our final goal it is that any person can create their own debit card, anywhere, and a few moments later, carry it out and about without difficulties. We would like to be the firsts in launching this feature that we will be seeked and cherished in the near future and as we are an open source project we would like to share it to all the community as we understand this philosophy as a benefit that benefits the community as a whole. This will also allow growth, improvement and usage from other projects.
  2. As regards Smart Contracts (to support DAOs, legal contracts, crowdfundings, prediction markets, IoT, Prediction Markets, Dapps, etc.) we decided to work with functional programming instead of imperative programming languages after doing some research on Solidity. Although neither Haskell nor OCaml, the most recognizable functional programming languages, meet our expectations we decided to work with a personalized version of OCaml. Our approach will not be to get an easy to code language, instead it will be reaching a solid solution that it will not be easy to be manipulated but it will make a difference.

Inspired by Bitcoin and Ethereum, Opair is an open project, built from scratch. The platform intends to ensure a fair ICO by distributing 100 percent of the crypto tokens through the campaign and initial PoW mining. The initial PoW phase will include only 9 percent of the overall XPOs created at the moment to prevent any manipulation by miners and stakeholders over a period of one year. Rest of the Opair tokens will be up for sale at the ICO. Once the IPO and PoW phase is over, Opair will switch to PoS consensus algorithm.