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Showing posts from September 9, 2018

HiBTC Review Part 2

THE PROBLEMS The year 2017 is jokingly referred to as the year of Cryptocurrencies because that is when Blockchain users spiked so much that we started seeing the problems which were previously not an issue, infact in December 2017, the CoinMarketCap of all Cryptocurrencies hit an All Time High(ATH) of almost One Trillion US Dollars. The sudden spike in users exposed the vulnerabilities and some of them are Scalability and Speed of Transactions. The Bitcoin Blockchain was made to handle 7TPS(Transactions Per Second) and the Ethereum Blockchain was built to handle 15TPS, and in that time period, Users in the Bitcoin Blockchain alone were making way more than 7TPS and this caused a terrible backlog in the Blockchain which lead to longer transaction confirmation time and higher transaction fees, users were having to pay as high as $25 as transaction fee and some had to wait for days before their transactions were confirmed. This has made integration of Cryptocurrencies in t

HiBTC Review EXCHANGE

First of all, you note to help yourself is HiBTC, not the HitBTC has been released so long offline. About HiBTC, this is a very new trading platform, and just launched around early August/2018. Like the recent general trend of the new floor, HiBTC also goes in the direction of trading as mining, and divides the profits for those who own the tokens of the floor. Some of the highlights are CoinEX, BTCC, IDCM, Bgogo, etc. Although it looks like Ponzi, this is a great way to attract users, and improve liquidity. Moreover, this model not only helps the floor but also benefits investors, if the floor has a large trading volume. On the site, HiBTC has not yet published specific information about the founding team, and its headquarters. However, if you read through Section 4 of the Terms of Service, you think that the floor was established in Hong Kong because of the mention of the Monetary Authority, and Hong Kong Customs. Assuming it is true, it is not surprising that most of the f