After much anticipation, Singularity, one of Global Blockchain’s exchange projects, has entered the beta testing phase. Based on both Laser and Stellar, it will be the first exchange in the world to offer both decentralized custody and a decentralized order book. Beta testing is available for interested parties to participate in and interest can be registered on Singularity’s website.
VANCOUVER, British Columbia, Sept. 27, 2018 (GLOBE NEWSWIRE) — GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE: BLOC, BLOC.CN, BLOC.CNX) (FSE: BWSP) (OTC: BLKCF) (“BLOC” or the “Company”) is pleased to announce that its exchange project Singularity has entered the beta testing phase. Singularity harnesses the abilities of both the Laser and Stellar blockchain networks, by using a federated sidechain to bridge the two networks. Through the combined functionality Laser and Stellar, Singularity is able to offer decentralized custody, as well as a decentralized order book. Custodianship remains a pressing issue in the trade of crypto assets, with fewer traders trusting their capital to centralized exchanges that provide custody, since they can lose their balance in the event that the exchange is hacked. Making an exchange more decentralized is a testament to the principle of decentralization that is fundamental to blockchain networks, a value that Singularity will exemplify in a way no other crypto asset exchange has before.
At this time, interested users are able to register their interest in the beta testing phase for Singularity at http://www.singularity.exchange. In order to activate their account, users will be required to make a deposit of five Stellar Lumens. Further, users will be required to accept a disclaimer which stipulates that all trades made on the beta testing version of Singularity are at the user’s own risk.
“Crypto has come a long way in 2018”, said Steve Nerayoff, Chairman of the Company. “With Singularity now on the market, it will take the space a significant step forward, providing value to both retail and institutional investors by taking away the problems that are created by centralized custody and centralized order books. Singularity represents what the crypto space was going for from the very beginning, and I am eager to see how it will enrich the space as it gets rolled out.”
BLOC President and CEO Shidan Gouran added, “Developing Singularity in parallel to Laser has been an extremely insightful experience. The concept of decentralization is something that continues to be rapidly explored as the crypto space evolves. By taking decentralization to another level in a way that greatly benefits crypto traders, Singularity will bring a lot of value to the industry. We are excited to be leading the way with it, as one of our many projects that is going according to plan.”
On behalf of the Company:
Shidan Gouran, President and CEO
For more information, please contact:
IRTH Communications, LLC
About Global Blockchain Technologies Corp.
The Company provides investors access to a basket of direct and indirect holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.
The Company is focused on streamlining the currently arduous, lengthy, and complicated process that interested investors must undergo in order to gain exposure to the cryptocurrency space, with a view to becoming the first vertically-integrated originator and manager of top tier blockchains and digital currencies.
BLOC is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol “BLOC.” Additional information relating to BLOC is available on SEDAR at www.sedar.com, the CSE at www.theCSE.com, as well as on the Company’s website at www.globalblockchain.io.
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