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    Blocktoq»Crypto News»Bitfinex is introducing “Dazaar”
    Crypto News

    Bitfinex is introducing “Dazaar”

    KateBy Kate26 June 2020Updated:12 March 2021No Comments2 Mins Read
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    Bitfinex is opening a new, decentralized streaming platform, with several other options.

    In short:

    • Bitfinex 
    • More and more decentralized platforms
    • Bitfinex responds to the market
    • Dazaar functions
    • Streaming platform
    • The competition is big
    • What will the future bring?

    Bitfinex 

    Bitfinex was founded in 2012 and offers its services to users from all over the world. In the past, it used to be the number one exchange, but today it is still a big player on the market. The exchange recently announced the creation of a new peer-to-peer data streaming platform. The platform is to allows users to share media in a decentralized network.

    More and more decentralized platforms

    Censorship, removal of some content, and promotion of others for reasons known only to each other. These are just some of the aspects that are pushing more and more people towards decentralized solutions. The recent case with Twitter, which marked Donald Trump’s posts, fits well here. It caused a storm on the Internet. Vitalik Buterin, on this occasion, spoke about the need for decentralized social media.

    Bitfinex responds to the market

    The code for the Bitfinex “Dazaar” protocol has been uploaded to BitHub. It is designed to create a decentralized network in which distributed node operators store information that is shared by users. The reason for this is the growing dependence on centralized platforms. 

    A new revolution is coming soon, @dazaar_com marketplace, how the internet should be, open, free and hyper scalable!
    Hold the power to control your data and share innovations in an open environment 🔐

    Find out more about it here ⬇️https://t.co/gPUqpjG1fk pic.twitter.com/d9owKW2yt2

    — Bitfinex (@bitfinex) June 23, 2020

    The competition is big

    There are many platforms that have noticed this opportunity on the market. For example, in April Tron established a partnership with the game platform Refereum, offering prizes in the form of Tron tokens (TRX) for streamers and players.

    The streaming application Theta.tv version 2.0, which integrates with 75 million Samsung devices worldwide, is also trying its hand. This resulted in a renewed interest in its chips and a significant increase in their prices.

    What will the future bring?

    As you can see, there is quite a need for more and more decentralized platforms. Which company will achieve the greatest success and will we be using only such solutions in a few year's time?

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      Will Bitcoin protect your savings from inflation?

      By Blocktoq Team18 November 20210

      Recently, a record increase in inflation has been recorded – both in Poland and in the USA. In Poland, inflation is close to 7%, in the USA it is 6.2%.

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