TideBit, Hong Kong best cryptocurrency exchange, declared to become the world's first centralized exchange who uploads data to the Ethereum public chain. It provides customers a safer, credible, healthier trading environment.
TideBit will use the third-generation cryptographic scaling solution developed by Tidetime Technology to upload the transaction data and transaction price regularly on the Ethereum public chain, excluding any sensitive information about the customer.
Compared to uploading data on the Ethereum public chain directly , one of the features of this technology of Tidetime Technology is it allows large amounts of data to be packaged as one, with only one miner fee paid, thereby significantly reducing the cost. It's used to write records of entrusted materials and transaction processes onto the blockchain in order to ensure ledger accuracy and make platform operation legally compliant, allowing customers to inquire for and supervisory bodies to check records.
A more transparent, open and unmodified trading environment, with the opening of HKD, USD, EUO, etc fiat currency deposit and withdrawal service, will improve trading liquidity and bring more potential participants for TideBit, even for the whole industry. It also let Hong Kong play a leading role in financial market innovation.