A Practitioner in the Blockchain World: ViaBTC Continues to Lay out the Entire Ecosystem

A Practitioner in the Blockchain World: ViaBTC Continues to Lay out the Entire Ecosystem

The blockchain industry has never been short of topical issues. Within a few short years, hundreds of blockchain companies and projects have experienced their highs and lows in several rounds of bull and bear markets. Some projects rose to fame overnight and then disappeared in the blink of an eye. Countless entrepreneurs and companies keep throwing themselves into the endless stream of popular concepts, just like moths flying into the fire. Only very few can survive. Perseverance has, therefore, become the hardest thing in the most sought-after industry where the cycle of ups and downs continues forever.

Five years is not a long time in the history of mankind. However, in the blockchain industry that is considered only suitable for “making a fast buck”, it is truly remarkable for operating consistently for five years. Since the official launch of ViaBTC Pool in 2016, ViaBTC has traversed a long way, one step at a time. It now operates five major businesses in the blockchain industry—the mining pool, exchange, wallet, public chain, and capital. To date, ViaBTC has become one of the blockchain companies with the most extensive business presence.

ViaBTC: Starting from the mining pool to provide miners with the highest-quality service

Immediately after its official launch in May 2016, ViaBTC Pool impressed the entire industry with its solid technical foundation and tremendous operation stability. Relying on the self-developed Bitcoin client, the fledgling mining pool technically optimized the broadcasting and transmission solutions of the Bitcoin network. It allowed miners to find and broadcast new Bitcoin blocks more quickly and efficiently, thereby reducing the orphan block rate and guaranteeing stable income of miners.

Moreover, ViaBTC Pool has always proceeded from the perspective of miners. It produces data into visual charts and releases them to miners openly and transparently, with an aim to safeguard their interests. With the clock wound back to 2016, ViaBTC Pool managed to stand out from the cut-throat competition in the mining pool field and attracted many miners, owing to its robust technical strength and high-quality user experience. In less than five months since its launch, ViaBTC Pool jumped to fifth in the world by Bitcoin hashrate and it has long maintained its hashrate stability.

However, ViaBTC Pool has a grander ambition. In the following years of development, the mining pool pioneered the PPS+ income distribution model, the first one to provide diversified income settlement methods and maximize benefits for miners. In response to miners’ demands, ViaBTC Pool has creatively introduced traditional financial instruments to offer two innovative financial services, [Hedging] and [Staking], so that miners can make effective use of financial instruments for greater returns on their mining income.

With stable technical support and continuous product innovation, ViaBTC Pool has served more than 1 million users from over 130 countries and regions. It has long stayed in the second spot in the world by BTC, BCH, and LTC hashrates, as one of the top cryptocurrency mining pools of the globe.

CoinEx: a crypto exchange with a global perspective

In 2017 when ViaBTC Pool got technically stabilized, ViaBTC team started to run CoinEx business. A strong technical background in the field of traditional financial brokerage services made the founding team more comfortable with trading products. In May, CoinEx developed the world’s first 10,000 TPS matching engine. In August, it became the world’s first exchange to support BCH transactions. In July 2018, CoinEx topped the list of global exchanges by the trading volume.

The inherent peer-to-peer nature enables the cryptocurrency to become a universal product quickly. For any company to attain long-term development in the blockchain industry, the global operation is an indispensable step. CoinEx has always regarded the global operation as the most important strategy during its several years of development. Relying on the self-developed core transaction matching system and the extremely fast, smooth user experience, CoinEx has put users’ asset security in the first place and quickly gained the favor of numerous users around the world. At present, it posts a daily trading volume of over $1 billion and has more than 2 million users from 100-plus countries/regions across the globe. CoinEx is committed to providing safe, professional and reliable trading services for crypto traders worldwide.

ViaWallet: A multi-crypto wallet to secure users’ assets

As an increasing number of crypto users hold an unprecedented amount of digital assets, the security of such assets has become an issue that many users cannot afford to neglect. Furthermore, wallet products available on the market are of mixed quality. Some centralized wallets even deceive users under the guise of decentralization. To better serve mining pools, exchanges, and more crypto holders, in 2019, ViaBTC Group launched ViaWallet, which supports more than 30 main-chain assets and includes over one million tokens. The wallet also provides users with multiple derivative functions such as on-chain staking, transaction acceleration, and DApp market, enabling safer and more convenient wallet services.

CSC: A public chain dedicated to building the high-efficiency underlying blockchain infrastructure

After providing users with three high-quality services—the mining pool, exchange, and wallet, ViaBTC has successfully extended its business to the entire industrial chain, including the generation, trading, and circulation of digital assets. However, the stagnant development of public chains has caused many sideliners to take a negative attitude towards it. The public chain ecosystem serves as the lowest-level infrastructure in the blockchain industry, and its performance directly determines how far the industry will go. ViaBTC, a blockchain company gathering a team of the world’s best technicians in the field, now casts its eyes on public chains, the most critical link in the blockchain technology world.

In November 2019, CoinEx launched the CoinEx Chain mainnet, the world’s first high-performance dedicated public chain, which can process 4,000-10,000 transactions per second. It can generate blocks in seconds and confirm transactions instantly. After the DeFi boom in 2020, the performance of Ethereum has obviously restricted the development of DeFi applications. Therefore, CoinEx upgraded CoinEx Chain to CoinEx Smart Chain (CSC) in May this year.

Having introduced smart contracts and achieved compatibility with EVM (Ethereum Virtual Machine), CSC also adopted the PoS consensus mechanism. It can not only help developers easily migrate applications from Ethereum to CSC, but also ensure the speed of efficient transfers. At the same time, the 101 validators further facilitate decentralization, making for a more convenient environment for developers and a better DeFi application ecosystem for users.

ViaBTC Capital: The arrival of capital aims to finance the development of the blockchain industry

After five years of development in its four core businesses of the mining pool, exchange, wallet, and public chain, ViaBTC has built a complete ecosystem covering cryptocurrency issuance, circulation, application, value discovery and the underlying technology of the blockchain. With the most extensive product layout in the world, ViaBTC has grown into a leader in the blockchain industry. Adhering to the vision of “making the world a better place through the blockchain”, ViaBTC aspires to contribute its share to the industry development while developing itself.

Resting on its industry resources and technical advantages, ViaBTC established ViaBTC Capital in August as a dedicated move to invest in Web 3.0, Layer 2, and DApp projects that combine DeFi, NFT or DAO. It aims to support excellent project developers and innovative teams with industry resources and channels for common growth.

Besides, bearing its responsibility for users in mind, ViaBTC Capital utilizes its industry resources accumulated for years to provide developers with post-investment services covering basic technology guidance and international marketing, so that developers can be wholly devoted to blockchain technology, application and the ecosystem construction of the whole industry.

The blockchain industry has been in its infancy over the past few years. Lured by the money-making legends around it, many impetuous entrepreneurs have flooded into the industry, most of whom end up leaving in anguish. By contrast, ViaBTC has always stayed true to its founding aspiration and aimed to become an infrastructure of the blockchain world. Down-to-earth, it is dedicated to introducing blockchain technology and cryptocurrency to more fields and seeks to grow with the entire industry ecosystem together.