Seed CX Has Started Testing Physically-Settled Swap Contracts With Bitcoin

Seed CX, a Bitcoin (BTC) derivatives firm, has recently decided to start the tests with its new margin swap products. According to the company’s press release, the matching platform os swapping products can already be tested by the clients via the Seed SEF platform.

The CEO of Seed CX, Edward Woodford, affirmed that this initial period of testing will be used in order to allow people to get in touch with the offerings and determine what is working or not to deliver a great product later. He affirms that the product will probably be officially launched within the next three months.

From the technological point of view, the company is ready for the launch and only requires the predicted time for testing. The only possible reason for delays can be regulators, which can be considerably more unpredictable.

Brian Liston, the president of the crypto derivatives company, affirmed that all Bitcoin of the new platform will be physically-settled and that the company is pretty excited to have such an interesting offering for investors. According to him, these are the final steps in order to get the product ready and out of the door, but some more beta testing is required first.

Seed CX Will Have Competition

Seed CX may be getting its products ready, but the company is far from being the only one to do it. Several other companies are focusing on the same niche. Blade (which was backed by Coinbase), ErisX and LedgerX are all getting ready to offer similar products.

Most of them are still getting services ready, too, so the ones to take the lead will probably get an edge on the competition.

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Author: Gabriel Machado

Binance Labs-Backed Marlin Protocol Hoping to Supercharge Blockchain Speeds With $3M Funding

Binance-Labs-Backed-Marlin-Protocol-Hoping-to-Supercharge-Blockchain-Speeds-With-3M-Funding

Thanks to several seed investors, who included Binance Labs, Electric Capital, Arrington XRP and NGC among others, Marlin Protocol has managed to amass a whopping $3 million. But while achieving such a massive amount in seed round is no mean feat, it also explains the amount of confidence the investors have in Marlin Protocol.

Marlin Protocol is a promising startup based in San Francisco and Bangalore in India. The purpose of this company mainly is to create ways and means through which network speeds across various Blockchain is increased. The motivation behind this is because throughput constraints are largely perceived as the largest hurdles impeding fast Blockchain adoption.

Ideally, the startup hopes to overcome the impediments and enhance speeds according to what the company’s CEO, Siddhartha Dutta, terms “bandwidth-sharing marketplace.” According to him, the best way to improve the bandwidth is to use “relayers,” especially because projects such as Algorand are already using them.

Arrington XRP Capital partner, Michael Arrington, also spoke highly of the Marlin. He said that the protocol leads the way among the most recent Blockchain-agnostic infrastructure startups, adding that it will greatly enhance the network’s effectiveness.

However, Dutta’s decision to use relayers seems to make sense. Algorand uses them, even though as Dutta says, the total relayers it uses is in “single digits.” But he believes that if the same ‘single-digit relayers’ were to be “bribed,” the whole network would instantly be more effective. Relayers, according to him, are the real conduits of communication.

Marlin Protocol, therefore, aims to use this idea and introduce a web of relayers, which will collectively secure nearly every Blockchain. This would happen together with ordinary node activities like staking and mining.

A majority of ETH, BTC or pretty much any professional group of miners and staking companies know the importance of maintaining strong, stable bandwidth connections, according to Dutta. He expects nodes to be interested in jointly working with Marlin; after all they’ll be paid for the bandwidth they spend.

Marlin Protocol has reportedly partnered with a couple of projects already, all of them interested to run their services on its ‘private test networks.’ It has WandX, Blockcloud, Murmur and Holochain, even as the list is likely to grow.

Meanwhile, Dutta is optimistic about the planned launch of a public Marlin testnet. The launch date hasn’t been revealed and it could happen in two or three months. The mega launch of the targeted mainnet, according to him, is, however, expected to take place later in 2020.

While speaking to CoinDesk, Electric Capital Managing Partner, Curtis Spencer, was upbeat that the protocol will help enhance the efficiency of the network. He said that Marlin’s long-term vision that’s pegged on privacy-preserving packet delivery is exciting.

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Author: Lillian Peter

Seed CX Settles on Corvil Analytics for Performance and Infrastructure Tracking in Crypto Markets

Seed CX Settles on Corvil Analytics for Performance and Infrastructure Tracking in Crypto Markets

Seed CX, a cryptocurrency exchange targeting institutions recently announced a partnership with Corvil Analytics. The move is set to enhance Seed CX ecosystem especially in performance and infrastructure tracking for clients.

Corvil Analytics offers services to financial institutions which include solutions to regulation inefficiencies and on-spot data analysis for crypto market information.

Ideally, the firm targets clients who want to secure better positions by avoiding the risks involved in regulation and price movements. Furthermore, the company has a simplified way of responding to regulatory questions.

Seed CX will leverage the services provided by Corvil to gain real-time insights on how their clients behave and what products would suit their needs. The move is in turn expected to boost performance given the availability of better analytical tools.

Corvil’s analytic services aim at identifying potential risks through its VPN access, AWS that allows web access and the collocated cross-connects.

Seed CX Strategic Partners and the Impact!

Generally, the working relationship with Corvil will place Seed CX at a better position technologically. This crypto exchange ecosystem is set to have a more transparent and efficient execution pattern as clients carry out trades.

At the beginning of 2019, Seed CX made known its intention to bring into the market a spot trade option for institutions leveraging its services. In addition, the firm recently joined forces with TradAir which would allow more clients to use its OTC settlement supported by Zero Hash.

Edward Woodford, the CEO & co-founder of Seed CX, noted that Corvil indeed places the firm at a better position with its advanced tech. He added that Seed CX can now use the tools to keep track and prepare for the dynamic cryptocurrency market.

“Through this enhanced analysis of orders, execution, infrastructure, and market data, Corvil helps us deliver the performance, responsiveness, and reliability standards our clients now expect.”

Seed CX Head of Market Operations, Adam Leaman, supported the positive sentiments shared on the prospects of their partnership with Corvil Analytics. He particularly praised the technology as a de facto within the cryptocurrency space stating that Corvil would allow Seed CX;

“focus on delivering new features, stability, and a better quality product instead of developing bespoke internal tools,”

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Author: Lujan Odera