CoinEx Weekly Update, 11–17 January 2021
Dear CoinEx users, to keep you updated each week, we will share with you a recap of all the exciting events of the previous week. Below are major events that occurred in the ecosystem over the 11–17 January 2021.
Stacks (formerly Blockstack) seeks to power a new kind of decentralized internet, one that gives users more control over their data and makes it harder for content to be censored.
PoX uses miners and stackers. Miners log transactions, much as miners on the Bitcoin or Ethereum blockchains do, while stackers keep a copy of the blockchain, signaling which fork to mine on. Miners earn new STX from inflation and they pay to participate in BTC. That BTC gets distributed to stackers who have to stake STX.
In order to let you to better evaluate the trading costs and risks, and to enhance the risk management of CoinEx perpetual market, we will implement the following adjustment to the funding rules and upgrade the system server.
Deposit&Withdrawal close on: 11:00 January 14, 2021 (UTC)
The estimated time for the deposit&withdrawal to reopen: Depends on the update progress.
Written by the CoinEx Institution, this series of jocular and easy to understand articles will show you everything you need to know about major cryptocurrencies, making you fully prepared before jumping into crypto!
As a global and professional cryptocurrency exchange service provider, CoinEx was founded in December 2017 with Bitmain-led investment. It is a subsidiary brand of the ViaBTC Group, which owns the fifth largest BTC mining pool, which is also the largest of BCH mining, in the world.
CoinEx supports perpetual contract, spot, margin trading, and other derivatives trading, and its service reaches global users in nearly 100 countries/regions with various languages available, such as Chinese, English, Korean and Russian.
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