DeversiFi

The platform's ability to process over 9,000 Ethereum transactions per second is a significant improvement over its competitors.

Project Type: Blockchain, Crypto Exchange
Release Year: 2019

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About DeversiFi

DeversiFi will lead several custodial service platforms after layer 2.0 is released in the third quarter of 2020. The platform processes over 9,000 Ethereum transactions per second, outperforming its competitors. DeversiFi now uses off-chain order books. The Ethereum blockchain settles it. Customers no longer need to blindly trust the exchange to benefit from their fast order books and execution.

Highlights:

Bahrain’s Central Bank approved Rain, a cryptocurrency exchange (CBB).

BitMEX Ventures and Kuwaiti cryptocurrency business Blockwater raised $2.5 million to launch the exchange.

The new exchange uses StarkWare’s Validium technology, a Layer-2 scaling solution that stores information off-chain and computes with zero-knowledge proofs.

DeversiFi is promoting Ethereum’s latest scalability upgrade, Validium, for consumers’ advantage. Validium, zkRollups, Optimistic Rollups, and Plasma are promising Ethereum scalability solutions.

If DeversiFi 2.0 is successful, more developers will use Validium.

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