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15:11 07.11.2019
2019-11-07
Svetlana Tereshenok (Neironix)
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Bithumb Launches Its Own Blockchain and the Bithumb Family Ecosystem

The Bithumb Family global digital financial ecosystem that operates on its own blockchain named Bithumb Chain and provides the highest level of security and speed of transferring assets over a decentralized network was represented by the largest South Korean cryptocurrency exchange Bithumb at the conference in Seoul on November 6, 2019.

Bithumb Family is a digital financial ecosystem, involving individuals, organizations, and companies working both in the blockchain industry and in the traditional financial sector. The main members of the Bithumb Family are the South Korean cryptocurrency exchange Bithumb, the global digital asset trading platform Bithumb Global, the Singapore trading platform Bithumb SG, the custodian service Bithumb Custody, the decentralized network for creating boxed trading DApps Bithumb Chain, the decentralized trading platform Bithumb DEX, the over-the-counter platform for institutional investors Bithumb OTC, and blockchain solutions service company Bithumb STO.

Bithumb CEO Choi Jae-Won, marketing director Sunny Ng, co-founder and managing director of Bithumb Global Javier Sim held the presentation. The conference was attended by over 300 guests, including representatives of leading exchanges, major blockchain projects, institutional investors and well-known blockchain enthusiasts.

Bithumb CEO Choi Jae-Won, marketing director Sunny Ng, co-founder and managing director of Bithumb Global Javier Sim held the presentation. The conference was attended by over 300 guests, including representatives of leading exchanges, major blockchain projects, institutional investors and well-known blockchain enthusiasts.

“Bithumb Global attempts to bring all crypto communities together on one simple and decentralized platform. Unity is the key to the development and prosperity of the industry,” co-founder and CEO Bithumb Global Javier Sim said.

Bithumb Family functions like a modern metropolis with many vital facilities such as schools, offices, hospitals, sports stadiums. The decentralized network Bithumb Chain is the lifeblood of such a blockchain city. It forms the technological base of the financial ecosystem of Bithumb Family, providing a free and fast flow of values in a digitized form between the participants of the ecosystem, at times increasing the liquidity available to the participants of the ecosystem. The platform is powered by a new generation protocol that significantly reduces transaction and transaction costs.

Based on the Bithumb Chain, the Exchange-as-a-Service (EaaS) is available. It helps to create blockchain trading DApps based on the PSP (Profit Sharing Protocol) in one click without the need to launch your own blockchain and engage in the process of developing solutions while maintaining autonomy.

As the transaction protocol underlying the Bithumb EaaS service, the PSP (Profit Sharing Protocol) allows using additional functions that simplify the trading services operation: for example, algorithmic transaction matching, automated calculations and accounting of transactions.

Bithumb Global Company

Bithumb Global is the global division of the leading South Korean cryptocurrency exchange Bithumb, which transaction value exceeds $1 trillion. Bithumb Global's mission is to enable all users from any country in the world to trade, participate, or contribute to the digital asset ecosystem. Bithumb Global's goal is a convenient ecosystem of digital assets with the highest level of security that meets international standards and increased liquidity.

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Comments
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По моему это очень хорошая новость) Когда такие гиганты как Binance, а теперь и Bithumb запускают собственные блокчейны, уверенность в том, что #tothemoon еще впереди только укрепляется)
Bithumb continues to be deeply respected for being in an enviable position, constantly evolving and thriving! I sometimes look at other projects and think about why they are wasting their and our time, if they aren't ready to invest strenght and resources in themselves and their platforms!
The exchange decided to go along the development path of Binance and switch to its blockchain, it will definitely give hype to this exchange and attract attention to it, but in reality this exchange is already quite good, and now it will be even better!
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