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Tokenize Exchange Blog

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The Newsletter by Tokenize Xchange (Vol.141| June 2021)

By Amy Luong
June 22, 2021

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Tokenize 3.0 is Right Around the Corner

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Wait no more. The updated version of Tokenize Xchange is estimated to arrive this June 30, 2021.

Tokenize 3.0 is full of exciting surprises and additions to bring your trading experience to the next level. Details on the exact launch date and update details will be delivered to all users as soon as possible.

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Father’s Day Incoming: Merchandise Give-away

You know how we like to celebrate special occasions. And of course, Father’s Day is no exception.

This June 20, we will give out free merchandise to the lucky users who joined our Facebook group Tokenize Community and completed the required steps:

Details will soon be revealed.

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Tokenize Blog is the place where you can find good market updates, important updates of our products, crypto-technology and trading tips. Here are some interesting articles we offer this week that you might want to check out:

Kusama Parachain Auction Will Take Place Next Week: What to expect?

In an announcement at Polkadot.network published on Jun8th, Gavin Wood, creator of Polkadot and Kusama notified a schedule for the upcoming Parachain Slot Auction. Keep reading to explore what Parachain is and its impact on the Kusama network with Tokenize Xchange.

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According to Gavin Wood, after Parachain testing has run smoothly, it’s time to move to the next step: Slot auction. The Parachain auction will be launched in the coming weeks with the first Kusama Parachain Slot auction commences on Jun 15th, 2021. Meanwhile, a Parachain auction on Polkadot, a cousin of Kusama, is still in discussion.

Kusama, founded in 2019, is a network of a specialized blockchain built on Substrate and has the same codebase as Polkadot. Both blockchain networks share the same key innovations like hot-swappable runtimes for forkless, on-chain governance, and on-chain upgrades.

CONTINUE READING

Proof of Stake: The Real Solution for Environmental Concerns?

In the previous article: The basic of Proof of Work, we explained the mechanism of PoW, and its pros and cons. The environmental concerns related to Bitcoin mining energy, however, have recently raised a major debate about how to make Bitcoin mining greener in the long run. And Proof of Stake was mentioned as an alternative for PoW. In this article, Tokenize Blog will go deep into the Proof of Stake protocol and answer the question: Is PoS a real solution for mining energy consumption?

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CONTINUE READING

The Blockchain Trilemma

The thing about blockchain is that it’s a rabbit hole filled with twists and surprises, but also one that you’ll emerge from with an inkling of what the future might actually be.

Blockchain is a game-changer. Its potential applications across a range of industries make it a formidable ally on our surge towards a digitalized world.

But with any new technology, there will be challenges along the way.

In the case of blockchain, this comes in the form of a ‘trilemma’ or the three key issues that blockchain developers have to address — DecentralisationScalability, and Securitywithout compromising one of them for the sake of the other two.

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Blockchain networks are facing a ‘trilemma’

The current sentiment is that it’s extremely difficult to achieve all three objectives, hence the ‘trilemma’. But is it really an impossible feat?

Let’s breakdown each aspect in this Medium article.

CONTINUE READING

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