NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Safex Innovates a P2P Token Network with Private Ecommerce Potential

Thomas Delahunty
Thomas Delahunty
4 years ago
2 mins read
safex

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The team behind the Safex e-commerce blockchain open-source platform announced today they are expanding the ecosystem in which vendors and buyers can perform transactions privately, with relatively frictionless and well-verified digital assets.

Safex people call the platform a “privacy-focused decentralized marketplace” where the use of the Safex token leads to revenue sharing and other opportunities for member holders.

Users are able to generate web stores, in which they can sell items with a connection to the SFT network. They can also invest for long-term returns, and otherwise participate in a new kind of peer-to-peer system that shows what’s possible in the age of the digital coin. The idea of all of this getting traction represents some of the best of what new technology has brought us by way of improving decades-old banking and finance systems that now seem pretty hidebound.

The P2P Marketplace: Refining a DIY Network

As in so much of the technology world, Safex’s design as a peer-to-peer exchange system illustrates the power of P2P interactivity in eliminating top-heavy centralization, or middleware parties or technologies.

Describing how this platform works, experts describe the design as a decentralized peer-to-peer system with fungible, frictionless and verified assets. That means the liquidity and easy access built into the system enables fast settlement for transactions, low fees and more. There’s also the anti-fraud potential of a system like this that is based on the blockchain immutable ledger technology that has so radically transformed finance in just a few years. It seems like only yesterday Satoshi appeared, and we started hearing, for the first time, about a digital ledger that would change how we view transaction verification. Now, the cryptocurrency world is, by comparison, vast, and Safex is part of its new frontier.

Accommodating Normal Miners Through ASIC-Resistant Design

The Safex token is also described as an “ASIC-resistant” token, and looking deeper into what that means shows how the creators of the open-source technology wanted to prevent elite mining pools from consolidating too much power in the network.

ASIC-resistant tokens are easily mineable with CPU and GPU rigs. There is a design element that makes ASICs, (specially composed mining machines), less effective by contrast.

In explaining why they went this route, Safex spokespeople talk about the consolidation of power by big e-commerce and technology giants that may have more market reach than, say, cybersecurity acumen, or respect for competitive processes.

“This year, we have seen power consolidate into the hands of centralized, data-leaking ecommerce giants, but these platforms aren’t the only game in town,” says Safex founder Daniel Dabek in a recent press statement. “With Safex, we’re ushering in an era of censorship-proof, pro-privacy commerce, where small sellers can reach new audiences and be amply rewarded in cryptocurrency, and where incentives are aligned between merchants and the larger community.

Getting Started

Users who want to learn more about the potential of Safex can check out blog posts like “What You Can Buy” to learn more about cryptocurrency-related merchandising. They can dig into the privacy resources to see why the Safex platform is more secure than other exchanges. All of this supports the idea that Safex will eventually become its own animal in a decentralized financial world.

Tweet123Share196ShareSend
Thomas Delahunty
Thomas Delahunty

Thomas Delahunty

I’m Thomas J. Delahunty, born in Lancashire, England, but raised and currently residing in Columbus, Ohio where I attended The Ohio State University studying English and History.

Read more

After writing in the Fintech and Forex spaces, I began to focus on blockchain and cryptocurrencies — Bitcoin in particular — in 2016.

Aside from being part of NewsBTC’s journalism team, I am a writer and analyst for Ohio State’s Risk Institute at the Fisher College of Business, and run operations for two local, independent online businesses.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

FUNToken’s P2E Model Isn’t Just a Game: It’s a Scalable Digital Economy

FUNToken is going beyond basic play-to-earn mechanics by laying the groundwork for a scalable digital economy that targets the global...

NewsBTC 4 days ago

What FunToken movement towards a 500% spike says about the scarcity market psychology

FUNToken made an almost historic announcement on June 19, 2025, wherein the company announced a fixed tokenomics, with its supply...

News BTC 6 days ago

With no more minting, $FUN can skyrocket 500% on fixed supply announcement

On June 19, 2025, FUNToken officially froze its supply forever, locking the smart contract to ensure no future minting, no...

News BTC 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

From Inflationary Noise to Deflationary Wave: FUNToken’s Turnaround Story

News BTC 1 day ago

FunToken’s F2P Model: The Missing Link for Crypto Adoption

News BTC 2 days ago

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

News BTC 3 days ago

Premium Sponsors

Press Releases

  • 4 kryptomeny, vďaka ktorým toto leto zmeníš 1000 € na...

    11 hours ago
  • 3 altcoiny do obserwacji w drugim tygodniu lipca 2025 roku

    3 altcoiny do obserwacji w drugim tygodniu lipca 2025 roku

    12 hours ago
  • 4 kryptowaluty, dzięki którym tego lata zamienisz 1000 zł w miliony

    4 kryptowaluty, dzięki którym tego lata zamienisz 1000...

    12 hours ago
  • 4 criptomonede cu care poți transforma 1000 de lei în milioane vara aceasta

    4 criptomonede cu care poți transforma 1000 de lei în...

    15 hours ago
  • 3 altcoinuri de urmărit în a doua săptămână a lunii iulie 2025

    3 altcoinuri de urmărit în a doua săptămână a lunii...

    16 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.