Digitex Futures partnered with Matter Inc, developers of the Ethereum’s scaling framework known as Plasma

View this thread on: d.buzz | hive.blog | peakd.com | ecency.com
·@dedicatedguy·
0.000 HBD
Digitex Futures partnered with Matter Inc, developers of the Ethereum’s scaling framework known as Plasma
<center>![Digitex Futures, Crypto Futures Trading, Cryptocurrency, Crypto Trading, Decentralization, Blockchain Technology, Finance, Crypto Exchange, Cryptocurrency Exchange, Zero Fees Exchange](
https://cdn.steemitimages.com/DQmZyASy3eK9XV6zuVG1u3LkygKQnZiaiXasHX9mDv95usZ/BANNER%2010.png)</center>


<center>https://cdn.steemitimages.com/DQmQoPs1d1jJg4GEmGvPGxAu9XrbUYxFaJyooTW3iUZwwPT/image.png</center>

## <center>  Introduction </center>

<hr >

<div class="text-justify">

Some weeks ago I started writing a series of articles about Digitex Futures, in which it was explained how this revolutionary project was planning to disrupt the futures market by creating a new exchange where people could trade cryptocurrencies futures without having to pay any sort of fee, effectively receiving 100% of the profits from their trading activities.

In the [first article](https://steemit.com/digitex/@dedicatedguy/sokfdth-digitex-futures-optimizing-traders-returns-by-getting-rid-of-commissions) their strategy to monetize their platform was explained, in short words, they are using their own token sales to gather the resources they need to continue with the maintenance as well as with the further development of the platform, and since their token is required to participate in the exchange and place orders, traders will naturally be there providing demand for the token. 

<center>![Digitex Futures, Crypto Futures Trading, Cryptocurrency, Crypto Trading, Decentralization, Blockchain Technology, Finance, Crypto Exchange, Cryptocurrency Exchange, Zero Fees Exchange](
https://cdn.steemitimages.com/DQmS2z8NEpFTEYuMHyCZSVJZ1jkNiR8cMafppj7SQ3ZT8xq/BANNER%209.png)</center>

Then, I took the time to write [several other articles](https://steemit.com/digitex/@dedicatedguy/qgsvvaz-digitex-futures-and-its-special-features-part-1) where certain specific features of this exchange were properly explained and discussed. However, as it is usually the case with innovative projects in the blockchain scene, there are always new collaborations & partnerships being created with the goal of having different teams working together in developing solutions that can be useful for everyone involved, and this was exactly what happened a few days ago at the Malta Blockchain Summit. 

<center>https://cdn.steemitimages.com/DQmQoPs1d1jJg4GEmGvPGxAu9XrbUYxFaJyooTW3iUZwwPT/image.png</center>

## <center>  What is the Malta Blockchain Summit? </center>

<hr >

Given the incredibly high amount of new projects and innovations constantly being created in the blockchain industry, there is the natural need for there to be summits, conferences and events, where people involved with these new creations can exhibit their products & services to everyone who decides to attend, with the goal of meeting potential partners and clients. This is a very common dynamic and it happens in every industry we could imagine, and in Malta, there is a very popular Blockchain Summit where leaders of the industry go there to present their latest creations. 

<center>![Digitex Futures, Crypto Futures Trading, Cryptocurrency, Crypto Trading, Decentralization, Blockchain Technology, Finance, Crypto Exchange, Cryptocurrency Exchange, Zero Fees Exchange](
https://cdn.steemitimages.com/DQmPs75vXf2ZPS3TNFNMFap5cUNqiwdwug6bxzUKoT1DVPh/BANNER%204.png)</center>

In the case of Digitex, they recently did a live presentation at the Malta Summit, where for the first time, people were able to see the Digitex Futures exchange being used in real time. This presentation was handled by Adam Todd, who is the CEO of Digitex, and he was able to explain everything regarding how to navigate throughout the easy-to-use interface that was developed for this platform, as well as showing all the different features traders will find when they start using this exchange, which by the way, is going to be officially launched in December, so for those who want to get involved as soon as possible make sure to register on the [waitlist.](https://digitexfutures.com/get-early-access/)

<center>https://cdn.steemitimages.com/DQmQoPs1d1jJg4GEmGvPGxAu9XrbUYxFaJyooTW3iUZwwPT/image.png</center>

## <center> Announcing the partnership with Matter Inc. </center>

<hr >

Even though the live demo was surely very exciting for those traders that have been waiting to see this new exchange in action, the biggest surprise in relation to Digitex, was the official announcement of a partnership with Matter Inc, this team is the one behind the development of one of the most important protocols for Ethereum, known as Plasma.

<center>![Digitex Futures, Crypto Futures Trading, Cryptocurrency, Crypto Trading, Decentralization, Blockchain Technology, Finance, Crypto Exchange, Cryptocurrency Exchange, Zero Fees Exchange](
https://cdn.steemitimages.com/DQmW6fiaXrgiLZp2axgsm2FRYxqU76S9zEFmVmFzcbGdCj4/BANNER%208.png)</center>

Ethereum, as some of you will surely know, have suffered from a lack of scaling capabilities, which means the blockchain might come to a halt if the number of transactions exceeds the processing capacity of the network, and fixing this issue is crucial for the future success of the project, what Plasma basically does, is to facilitate the creation of secure off-chain transactions to avoid overwhelming the network, and once these off-chain transactions are settled, then this information is included in Ethereum’s blockchain, this way, the number of on-chain operations are reduced and more activities can take place without overloading anything. 

However, in the case of Plasma, these off-chain transactions can be quite sophisticated because they could act as a complex network on their own, and even serve as regular blockchains, kind of like having several child-blockchains inside a root blockchain, but not only that, Plasma also allows for these child-blockchains to have their own “child”, very similar to having different smaller branches, all connected to a single root. The end result of this system, is to optimize the computational resources from the main network, allowing it to process more transactions than was otherwise possible.

When it comes to Digitex, they are going to be the first crypto exchange in implementing this technology, which means this project won't have any scaling issues for the foreseeable future, but there is also another benefit of being able to implement the Plasma protocol, and it consists in offering the best possible protection to users funds. 

<center>![Digitex Futures, Crypto Futures Trading, Cryptocurrency, Crypto Trading, Decentralization, Blockchain Technology, Finance, Crypto Exchange, Cryptocurrency Exchange, Zero Fees Exchange](
https://cdn.steemitimages.com/DQmYAokU5ZgmMNraxgzAQqWbsxvZVrWVeh4LGPypazX9EX4/BANNER%201.png)</center>

Instead of traders sending their money directly to Digitex, they are going to send it to an independent smart contract that runs on the Ethereum network, and by communicating with this smart contract, Digitex is going to confirm the balance each user has deposited, this is an added level of security because users funds are going to be held by a fully transparent smart contract, so rather than trusting an exchange, they will be trusting code that is completely verifiable and secure. 
 
This way, the partnership between Digitex and the developers of Plasma, will not only increase the scaling capabilities of this exchange, but it will also increase the security for each and every single user that decides to do his trading activities on this platform.

By using this state-of-the-art technology, Digitex can easily differentiate themselves from their competitors, and offer their clients a platform that is compatible with one of the most sophisticated protocols there are in the blockchain industry.

<center>https://cdn.steemitimages.com/DQmQoPs1d1jJg4GEmGvPGxAu9XrbUYxFaJyooTW3iUZwwPT/image.png</center>

## <center>  Summary </center>

<hr >

A few days ago, at the Malta Blockchain Summit, the first ever live demo of the Digitex Futures exchange was presented to the public, and even more exciting, it was also announced that a new partnership between Digitex and the developers of Plasma, Matter Inc, has been reached. 

Plasma is a new protocol that allows Ethereum to scale more easily, and thanks to this partnership, Digitex will have not only increased scaling capabilities, but it will also have a new and sophisticated mechanism to increase the protection of users funds through the utilization of independent smart contracts on the Ethereum blockchain. 

More news regarding the implications of this new partnership will be shared on the official [blog](https://digitexfutures.com/news/) in the coming weeks and months. 

<hr >




<center>![Digitex Futures, Crypto Futures Trading, Cryptocurrency, Crypto Trading, Decentralization, Blockchain Technology, Finance, Crypto Exchange, Cryptocurrency Exchange, Zero Fees Exchange](https://cdn.steemitimages.com/DQmUoDA5EF4au7WNXNqFAKUYAN9EbTTjXfVR5LX2ADJSRzm/FOOTER%201.png)</center>

**For more information about Digitex, make sure to check the following links:**

[Project Website](https://digitexfutures.com/)
Products & Services: [exchange](https://digitexfutures.com/exchange/) & [dgtx token](https://digitexfutures.com/dgtx/)
[Digitex Team](https://digitexfutures.com/about-us/)
[Digitex Story](https://www.youtube.com/watch?v=Bbz_uqstEgY)
[Facebook](https://www.facebook.com/DigitexFutures/)
[Medium](https://medium.com/digitex-futures)
[Twitter](https://twitter.com/digitexfutures)
[Youtube](https://twitter.com/digitexfutures?lang=en)
[LinkedIn](https://www.linkedin.com/company/digitex-futures-exchange/)

#### <div class=phishy>DISCLAIMER</div>

**The information contained within this post shall not be taken as a financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.**

</div>
👍 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,