BlockQuake, which is fast becoming one of the most trusted global digital asset exchanges available in 150 countries, has announced that it will soon support BSV trading. This provides users with yet another new and easy way to purchase BSV for trading or for use in the numerous applications built on the BSV blockchain.
“We announced that we will support BSV trading, and the reason we did that was because it is a legitimate project and it’s got an amazing community that’s growing. I was very thoroughly impressed with the people behind the community, their savviness, professionalism and technical expertise, and all that played a role into us wanting to list BSV,” Blockquake Co-founder and CEO Antonio Brasse said.
About BSV
Hundreds of companies from across all industries around the world have built and are continuing to develop applications and platforms on the BSV blockchain, assuring longevity through a growing community of users.
“We look at the technical aspects of crypto assets that we are going to list. We actually utilize independent third parties that will do this review and we can include that as part of our due diligence. At the end of the day, the concern is, ‘Is this a legitimate project, does it have a solid community behind it that will ensure it will be around for a while, and are there any regulatory concerns?’ That’s kind of the high-level gist of what we need to check the boxes for,” Brasse explained.
Because BSV has restored the original Bitcoin protocol, it has created a rock-solid foundation for developers to build on, as well as unlocked limitless scaling that allows for the blockchain’s block size and throughout to continually increase while reducing transaction fees to tiny fractions of a penny.
At present, BSV is already mining 2GB blocks, and the upcoming release of the Teranode update will serve to increase throughput to 50,000 to 100,000 transactions per second (tps), rivaling and even surpassing the capacity of the VISA network at 55,000 tps. And this is just the beginning, as the network scales, these numbers will continue to rise until it reaches terabyte-sized blocks and billions of tps.
These powerful capabilities of BSV are what makes it bothsustainable and environment-friendly compared to other popular blockchains. And this is why a recent study has found BSV to be the most efficient Bitcoin when compared to other Bitcoin implementations BTC and BCH.
About BlockQuake
According to Brasse, the goal of BlockQuake is not just to become a successful digital currency exchange, but to become a global financial hub that will “bring out something that consumers can feel confident in.”
And in order to do this, BlockQuake recognizes that being regulatory compliant is crucial. Unlike many exchanges that resist the regulation of digital assets, BlockQuake believes that for it to gain consumer confidence and withstand the test of time, it has to strictly abide by regulations and prepare for any upcoming policies.
“Regarding regulations for companies like ours, BlockQuake, where we have exchange services and we’ll have institutional and retail traders on the platform, I think there needs to be better regulatory clarity. We’re taking initiative by assuming all existing regulations that apply in regular financial services will apply to us, so we fully believe in KYC, AML, KYC protocols,” Brasse stated.
At present, BlockQuake already has been registered with the Financial Crimes Enforcement Network (FinCEN) and is processing its New York State BitLicence. BlockQuake is confident that whatever policies will be enacted in the future that will serve to regulate digital currencies and assets that it will be able to abide by them.
“There are thousands of other exchanges out there… I feel like we could talk about the fact we have better liquidity, better pricing and better security than most other exchanges, or more fiat on- and off-ramps. But honestly, I think the main differentiator is our team. We’re a seasoned team of finance or tech professionals that worked in banking and insurance and really understand what the consumer is looking for. And we understand regulations, which is going to be coming into play more and more,” Brasse pointed out.
Being secure, competitive and regulation-friendly will come to be advantageous not only at present, but it will also safeguard BlockQuake’s future as it provides protection to the hard-earned money of its consumers.
With the digital asset market only continuing to grow as evidenced by the release of innovative products and services, such as NFTs and smart contracts, that many industries will benefit from, more and more people will see their value and use them in the future. Not only are blockchain-based services highly convenient, efficient and secure, but they are also economical.
“I definitely see decentralized finance growing further. What we’re doing at BlockQuake, trying to merge traditional financial services with the crypto markets by creating multiple crypto-to-fiat on- and off-ramps, I think this will help make markets more efficient. People want to move money around faster, and we’ll be able to help facilitate that,” Brasse concluded.
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