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Showing posts from September, 2023

The Mixin Debacle: How Tsp.exchange Champions True Decentralization & Transparency

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  Recently, the Mixin Network experienced a massive security breach, resulting in a loss of a staggering 200 million USD. This shook the very foundations of the cryptocurrency realm and resurrected an age-old question regarding crypto safety: Is it a technological shortfall or the malevolence of human nature? The theft within the Mixin Network has undoubtedly led many blockchain enthusiasts to ponder: What is the real issue at play? Is it the prowess of hacker skills, the security vulnerabilities of the Mixin Network, or perhaps, the human element causing a potential “insider job”? While the answer may remain shrouded in ambiguity, one fact stands out — Mixin is not truly decentralized. In a genuinely decentralized environment, assets would be firmly in users’ control, making it exceptionally challenging for hackers to breach, and diminishing concerns of internal interference or risks. Decentralization and transparency are the bedrock and intrinsic values of blockchain technology. ...

Building the Future of Exchanges: Prospects and Opportunities for TEX

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Currently, centralized exchanges (CEXs) and decentralized exchanges (DEXs) form the foundation of the entire cryptocurrency exchange landscape. According to Coingecko’s Q1 2023 industry report, while DEXs still account for only about 15% of cryptocurrency trading volume, their market share is steadily growing. In the long run, not just exchanges but the entire financial industry is gradually shifting towards decentralized finance, and this trend is becoming increasingly clear. Centralized exchanges rely entirely on operators who can only be restrained by ethics, and human ethics are unreliable. Even compliant exchanges like Coinbase face various issues. Therefore, all centralized financial institutions must undergo strong and rigorous regulation. In contrast, decentralized finance, especially decentralized exchanges, does not require regulation because blockchain technology itself serves as a regulator, often even more effectively than traditional oversight. However, why do decentraliz...