By Ollie H - Cryptocurrency Broker - 27-07-2021
ZKSwap, a widely known decentralizedcrypto exchange, has officially stated that they are releasing the v2 mainnet, powered on the Layer-one Ethereum platform. This will be implemented on Wednesday, and introduce such updates as limitless token listings and faster withdrawal times. A layer-two launch on Binance Smart Chain, Huobi Eco Chain, and OKEx Chain is scheduled for a later date.
The network’s upgrade will deploy multiple improvements for third-party platforms who seek to list their tokens for exchange. Some of these updates include limitless token listings and trading pairs.
The update will reduce cross-layer withdrawal periods from 40 minutes to twenty minutes. This will enable users to pay network withdrawal fees via a growing range of tokens, including Ether (ETH), Tether (USDT), and the native ZKS ERC-20 token.
The company stated that ZKSwap v2 would be ready for mainstream adoption, allowing listed enterprises to maneuver liquidity across blockchains as they see fit. In terms of scalability, transactions are performed on layer two to scale back wait times and charges. Consequently, the initiative claims that users are going to be able to conduct gas-free transfers daily up to a particular limit.
The crypto exchange platform also plans to undertake a campaign at launch to confirm that liquidity providers have a smooth transition.
ZKSwap raised nearly $1.7 billion in six months after debuting in February 2020. Its users are compensated within the platform's ZKS token, which is currently utilised in blockchain governance. ZKSwap also makes use of a spread of consensus approaches, including proof-of-stake, proof-of-transfer, and proof-of-ZK-snarks.
If you are looking to Buy and Sell cryptocurrency but you’re not sure where to buy Bitcoin (BTC) or other popular crypto; you can head over to BC Bitcoin and register an account to start trading today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards