Topic: [ANN][OAX] openANX - Real World Application of Decentralized Exchanges - page 20. (Read 135374 times)
September 03, 2018, 04:28:11 AM
i am very proud to support OAX , this project seem one of the best
September 03, 2018, 12:08:59 AM
https://cdn-images-1.medium.com/max/800/1*idrfYCqabUgZyYRTiCBhng.jpeg
Responding to the Decentralized Exchange Challenge
By Paul Li, General Counsel, OAX Foundation
Yesterday I gave a presentation at the Finwise Summit in Hong Kong. Billed as one of China’s most influential blockchain events, it aims to strengthen collaboration between different parts of the industry and so promote its long-term development. Last year nearly 10,000 people attended when it was held in Shanghai and Macau, with many more participating online. It’s not only an important event for us to be seen at, but it also really puts us in touch with crypto market industry influencers.
The morning session alone featured speeches by representatives from the world of politics (a member of Hong Kong’s Legislative Council), financial services (a senior representative from Zurich Insurance) and professional services (partner and head of CIO Advisory at KPMG). My presentation built on the speech I gave to the Law Society of Hong Kong back in June, and focused on the regulatory challenges involved in the different and developing models of cryptocurrency trading.
As you might recall, I used that opportunity to explain how I thought all participants — including regulators, lawyers and the traders themselves — need to rethink their approach not only to digital assets, but to the very nature of the transactions themselves. Today, I was able to expand on that argument and explain in some detail the features of digital assets and the market itself which make them different from any other asset class that’s previously been regulated. This is an important point because it means there is no precedent or existing model to guide the regulatory approach.
I was also able to describe the inherent contradiction that a decentralized asset typically trades on a centralized rather than a decentralized exchange. This is unsurprising, given that with the centralized model, the individuals who are trading give up control of their assets to the exchange, who hold the assets on their behalf. But digital assets are meant to be about disintermediation — each user taking control of their own assets personally without the need for or reliance on any third party.
Added to this situation is the fact that it is the centralized exchange model on which regulatory focus has been placed. The regulatory focus has always followed the traditional pattern of putting responsibility on intermediaries. Now in a decentralized world, when you trade digital assets p2p, there are no intermediaries — so what then?
In my speech I described a number of potential scenarios — banning p2p trading (or ‘wallet to wallet’) outright, taking a light touch approach that removes any oversight, and regulation of every end user involved. Each of these has its shortcomings and a more nuanced option would seem to be the best way to go. However regulation pans out, the speed at which the industry is evolving means that within a year it’s likely that any regulatory response based on the market as it currently is will already be out of date.
Events like Finwise are important. They allow us to engage with the community and provide education to the broader public. I know for a fact that regulators the world over are acutely aware of the challenges they face and are actively working to find ways to balance the need for effective regulation with the need to encourage an industry that can bring many benefits. Our role at the OAX Foundation is to help them — and the wider community — do just that and create a safe, transparent and truly decentralized cryptocurrency ecosystem.
The original article on Medium:
https://medium.com/@OAX_Foundation/responding-to-the-decentralized-exchange-challenge-2e42c828bf3b
The official site: https://www.oax.org/en
Responding to the Decentralized Exchange Challenge
By Paul Li, General Counsel, OAX Foundation
Yesterday I gave a presentation at the Finwise Summit in Hong Kong. Billed as one of China’s most influential blockchain events, it aims to strengthen collaboration between different parts of the industry and so promote its long-term development. Last year nearly 10,000 people attended when it was held in Shanghai and Macau, with many more participating online. It’s not only an important event for us to be seen at, but it also really puts us in touch with crypto market industry influencers.
The morning session alone featured speeches by representatives from the world of politics (a member of Hong Kong’s Legislative Council), financial services (a senior representative from Zurich Insurance) and professional services (partner and head of CIO Advisory at KPMG). My presentation built on the speech I gave to the Law Society of Hong Kong back in June, and focused on the regulatory challenges involved in the different and developing models of cryptocurrency trading.
As you might recall, I used that opportunity to explain how I thought all participants — including regulators, lawyers and the traders themselves — need to rethink their approach not only to digital assets, but to the very nature of the transactions themselves. Today, I was able to expand on that argument and explain in some detail the features of digital assets and the market itself which make them different from any other asset class that’s previously been regulated. This is an important point because it means there is no precedent or existing model to guide the regulatory approach.
I was also able to describe the inherent contradiction that a decentralized asset typically trades on a centralized rather than a decentralized exchange. This is unsurprising, given that with the centralized model, the individuals who are trading give up control of their assets to the exchange, who hold the assets on their behalf. But digital assets are meant to be about disintermediation — each user taking control of their own assets personally without the need for or reliance on any third party.
Added to this situation is the fact that it is the centralized exchange model on which regulatory focus has been placed. The regulatory focus has always followed the traditional pattern of putting responsibility on intermediaries. Now in a decentralized world, when you trade digital assets p2p, there are no intermediaries — so what then?
In my speech I described a number of potential scenarios — banning p2p trading (or ‘wallet to wallet’) outright, taking a light touch approach that removes any oversight, and regulation of every end user involved. Each of these has its shortcomings and a more nuanced option would seem to be the best way to go. However regulation pans out, the speed at which the industry is evolving means that within a year it’s likely that any regulatory response based on the market as it currently is will already be out of date.
Events like Finwise are important. They allow us to engage with the community and provide education to the broader public. I know for a fact that regulators the world over are acutely aware of the challenges they face and are actively working to find ways to balance the need for effective regulation with the need to encourage an industry that can bring many benefits. Our role at the OAX Foundation is to help them — and the wider community — do just that and create a safe, transparent and truly decentralized cryptocurrency ecosystem.
The original article on Medium:
https://medium.com/@OAX_Foundation/responding-to-the-decentralized-exchange-challenge-2e42c828bf3b
The official site: https://www.oax.org/en
the development of this platform is very good, it is proven that the team's performance is very remarkable and successfully passed the token sales. this platform gives a lot of information to the community, this is a good communication that will give a smile to the users or investors of this platform.
September 02, 2018, 11:49:56 PM
bounty campaign will be join and contribute to oax prpject 👏👏
This is a new innovation, and OAX is an excellent and reliable project!I am very happy to participate in a project with such a professional team.
September 02, 2018, 04:43:51 PM
So promising project and the project will be the one of the bests
This project has a chance to become the best decentralized exchange in the world. There is already a prototype of the exchange, and it's really good. https://dex.demo.oax.org/ September 02, 2018, 04:28:19 PM
So promising project and the project will be the one of the bests
August 30, 2018, 03:08:18 PM
I hope am not late, I just got to know about this project bounty. Let me check the tasks that I can afford to do
Hi Adebits. You can check the OAX Bounty program here:
https://bitcointalksearch.org/topic/active-bountyann-oax-real-world-application-of-decentralized-exchanges-1947373
August 23, 2018, 09:16:12 AM
Decentralized Application Messaging with Whisper
Whisper, a communications protocol that allows orders to be broadcast right across the Ethereum blockchain,
will be used on the OAX platform. It makes the OAX project truly decentralized and distinct from other platforms.
This is Part 1 in a series of articles on Whisper, Ehtereum’s inter-application communication protocol. In this article,
we cover the principles and use cases of Whisper. We will dive into practical examples in Part 2, and share some tricks
we have learned from using Whisper in a decentralized exchange project we have been working on.
Read the full article:
https://blog.enuma.io/update/2018/08/08/decentralized-application-messaging-with-whisper.html
Check the presentation about OAX Foundation and the project:
https://www.oax.org/assets/brochure/OAX_Brochure_ENU_V2.0.pdf
August 21, 2018, 12:37:35 PM
Just saw on your twitter that you guys added another team member, great addition guys and it is amazing to expand team while the project itself got bigger. I love how active are OAX team is. Here is the article https://medium.com/@OAX_Foundation/welcome-to-wayland-88ac4a423c88
August 21, 2018, 12:05:08 PM
I hope am not late, I just got to know about this project bounty. Let me check the tasks that I can afford to do
August 21, 2018, 11:39:13 AM
The core of the openANX platform is the Decentralized Autonomous Organization, which is run by smart contracts. All that makes the project correspond the idea of blockchain. There are a lot of qualified specialists in the team and among advisors.
August 21, 2018, 05:10:10 AM
Welcome to Wayland
This week, we’re welcoming Wayland Chan to the OAX team as Director, Technology. Wayland is a highly skilled manager of IT systems and development projects with international experience working for some of the world’s largest financial services organizations.
Read more. https://medium.com/@OAX_Foundation/welcome-to-wayland-88ac4a423c88
This week, we’re welcoming Wayland Chan to the OAX team as Director, Technology. Wayland is a highly skilled manager of IT systems and development projects with international experience working for some of the world’s largest financial services organizations.
Read more. https://medium.com/@OAX_Foundation/welcome-to-wayland-88ac4a423c88
August 20, 2018, 07:41:56 AM
Is OAX planning to participate in Consensus Singapore, which will be held on 19.09.2018 - 20.09.2018 ?
Consensus Singapore 2018
Consensus Singapore 2018
August 19, 2018, 10:52:55 AM
i buy ico OAX, But i can't send OAX coin in my etherwallet to exchange website. Not one exchange website, all website i send coin will error transaction.
Hello tsick17, thank you for supporting the OAX project from such an early stage!
You need to register your tokens in order to get them activated.
Here is the video explaining the process:
https://www.youtube.com/watch?v=3PXJuJ8FAEo
Registration link:
https://registration.openanx.org/
I have registered and added the ETH address from some month before, but OAX time is not allowed to send.
All Address OAX i send from myetherwallet to exchange website (Binance, Liqui, HitBTC, vv... ) is Error_36 . Input address is not checksung.
I have made over 100 transactions and it cost me 0.5 ETH fee. Can not send, I lose more money.
This is not very good.
All my friend buying ICO OAX can't send after register and activated ETH address.
August 19, 2018, 10:40:52 AM
This project is great. I will always follow up and update the news about the project. Good luck
August 19, 2018, 10:38:07 AM
I have been buying ico oax for a long time, but now I can not carry out the transfer of oax from etherwallet to any trading platform that can trade oax, not one but all floors, whether anyone Have problems like me?
Need some help from you.
Thank you
Need some help from you.
Thank you
August 17, 2018, 02:00:49 PM
Responding to the Decentralized Exchange Challenge
By Paul Li, General Counsel, OAX Foundation
Yesterday I gave a presentation at the Finwise Summit in Hong Kong. Billed as one of China’s most influential blockchain events, it aims to strengthen collaboration between different parts of the industry and so promote its long-term development. Last year nearly 10,000 people attended when it was held in Shanghai and Macau, with many more participating online. It’s not only an important event for us to be seen at, but it also really puts us in touch with crypto market industry influencers.
The morning session alone featured speeches by representatives from the world of politics (a member of Hong Kong’s Legislative Council), financial services (a senior representative from Zurich Insurance) and professional services (partner and head of CIO Advisory at KPMG). My presentation built on the speech I gave to the Law Society of Hong Kong back in June, and focused on the regulatory challenges involved in the different and developing models of cryptocurrency trading.
As you might recall, I used that opportunity to explain how I thought all participants — including regulators, lawyers and the traders themselves — need to rethink their approach not only to digital assets, but to the very nature of the transactions themselves. Today, I was able to expand on that argument and explain in some detail the features of digital assets and the market itself which make them different from any other asset class that’s previously been regulated. This is an important point because it means there is no precedent or existing model to guide the regulatory approach.
I was also able to describe the inherent contradiction that a decentralized asset typically trades on a centralized rather than a decentralized exchange. This is unsurprising, given that with the centralized model, the individuals who are trading give up control of their assets to the exchange, who hold the assets on their behalf. But digital assets are meant to be about disintermediation — each user taking control of their own assets personally without the need for or reliance on any third party.
Added to this situation is the fact that it is the centralized exchange model on which regulatory focus has been placed. The regulatory focus has always followed the traditional pattern of putting responsibility on intermediaries. Now in a decentralized world, when you trade digital assets p2p, there are no intermediaries — so what then?
In my speech I described a number of potential scenarios — banning p2p trading (or ‘wallet to wallet’) outright, taking a light touch approach that removes any oversight, and regulation of every end user involved. Each of these has its shortcomings and a more nuanced option would seem to be the best way to go. However regulation pans out, the speed at which the industry is evolving means that within a year it’s likely that any regulatory response based on the market as it currently is will already be out of date.
Events like Finwise are important. They allow us to engage with the community and provide education to the broader public. I know for a fact that regulators the world over are acutely aware of the challenges they face and are actively working to find ways to balance the need for effective regulation with the need to encourage an industry that can bring many benefits. Our role at the OAX Foundation is to help them — and the wider community — do just that and create a safe, transparent and truly decentralized cryptocurrency ecosystem.
The original article on Medium:
https://medium.com/@OAX_Foundation/responding-to-the-decentralized-exchange-challenge-2e42c828bf3b
The official site: https://www.oax.org/en
August 16, 2018, 02:39:18 PM
I like this project because it is one of the easiest to understand.
Reading the whitepaper is so concise and relatable unlike a good number of projects I have come across
Reading the whitepaper is so concise and relatable unlike a good number of projects I have come across
Thank you xiaocai2015! Welcome to the OAX Community!
August 14, 2018, 04:10:33 AM
OAX General Manager, Amanda Liu and General Counsel, Paul Li at Finwise Summit in Hong Kong (August, 10 - 12)
The official OAX site: https://www.oax.org/en/
August 14, 2018, 02:59:22 AM
What will be the next place/summit OAX is going to take part in?
For example on the October 18, 2018 there will be a blockchain summit in San Francisco.
Maybe OAX is going to attend that ?
For example on the October 18, 2018 there will be a blockchain summit in San Francisco.
Maybe OAX is going to attend that ?
August 13, 2018, 07:06:36 PM
The past 10 August, the OAX team attended the Finwise Summit in Hong Kong. Paul Li, General Counsel, was given the opportunity to share his experience on regulatory challenge involved in the different and developing models of digital asset trading. Read more at:
Responding to the Decentralized Exchange Challenge
Responding to the Decentralized Exchange Challenge
Jump to: