May 28, 2018
It is the rare person these days who has not heard of cryptocurrencies, if only vaguely and very likely in connection with that sensational cryptocurrency Bitcoin. While Bitcoin has been around since 2009, its recent sky-rocketing valuations and the speculative market around it have motivated many to try and mimic its success by creating and offering alternative cryptocurrencies. Of these, one particularly stands out — Ether (ETH), the fuel that propels the Ethereum1 blockchain. Ethereum is the main platform used at this time to create DApps (Distributed Applications), with each DApp’s service accessible through the purchase and exchange of a bespoke cryptocurrency (the application’s medium of exchange) created for that purpose. As of March 2018, there are about 4597 cryptocurrencies2 listed through various crypto exchanges3 , with varying degrees of utility, liquidity and trading volume. Many cryptocurrencies do provide access to valuable decentralized services (such as storage or computing resources, identity management, etc.). Thus, as the value and use of decentralized services recorded on a blockchain grow in popularity, it is expected that the need for such cryptocurrencies will also expand. This has led to the creation and growth of crypto exchanges of which there are at the time of writing approximately 1904
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BITEX is a crypto-banking platform with a variety of services that promotes efficient growth across multiple continents.
The platform enables the users to easily conduct businesses and access banking services with the use of different crypto currencies and fiat promoting the economic growth. This makes the project viable and I would invest in it.
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