News
The entity will be dissolved upon the completion of ShapeShift’s decentralization process.
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Shapeshift News
Shapeshift is a Swiss cryptocurrency exchange platform available on both the web and on mobile devices. Eric Voorhees, who is a dedicated supporter of Bitcoin, founded it in 2013. The Shapeshift exchange is unique compared with others, as it does not collect customers’ funds into company accounts and does not require a registration or any of the user’s personal data, making transactions fast and convenient. The company keeps all of the customer’s assets only in case of a failed exchange, in which case there is no refund claiming for 90 days. When this happens, there is no need to replenish a Shapeshift account, just the addresses of the sender and receiver should be noted. Shapeshift operates only with cryptocurrencies, so there are just three types of transactions: BTC to altcoin, altcoin to Bitcoin or altcoin to altcoin.
- News
Nonfungible tokens have emerged as one of the most popular use cases of blockchain technology, generating billions of dollars in revenue through 2021.
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In a July interview with Cointelegraph, CEO Erik Voorhees described full decentralization as an “iterative process” that can take many years.
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The Erik Voorhees-led company is making strides to fully decentralize its corporate structure. In July, ShapeShift announced the largest airdrop in history as part of its decentralization pledge.
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“Stablecoin experimentation is happening in real-time with billions of dollars at stake in this vast permissionless lab we call DeFi,” reads a new research report from ShapeShift. The author focuses on the rise of algorithmic stablecoins and their potential use cases.
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Erik Voorhees is embarrassed by toxic Bitcoin maxis and told a podcast: “I don’t know when they got into Bitcoin, but absolutely that is not the community that I come from in Bitcoin.”
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“It has become clear that open, immutable finance requires open, immutable organizations,” said Erik Voorhees, founder and CEO of ShapeShift.
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FOX holders will be able to offset gas fees proportionally to their token holdings.
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ShapeShift has identified two unaffiliated projects as promising DeFi insurance protocols.
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The noncustodial cryptocurrency exchange first announced plans to integrate decentralized exchanges in January. Now, mobile users can trade BTC with ETH and LTC, without an intermediary.
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The derivatives landscape offers “tantalizing” opportunities for stakers, according to Kent Barton of ShapeShift. But that doesn’t mean there aren’t risks.
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ShapeShift believes the public perception of a network’s centralization could make or break the current generation of smart contract platforms.
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Shapeshift CEO Erik Voorhees believes any asset manager who is ignorant of Bitcoin “needs to seriously check their premises.”
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The benefits of utility tokens could soon stretch beyond payment facilitation and governance capabilities.
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“Dash is technically no more a ‘privacy coin’ than Bitcoin,” according to Perkins Coie. So why did Shapeshift delist it?
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