![]() ![]() In addition to trading services, CoinHako also provides blockchain consulting services and organizes crypto workshops in Singapore for its users on a regular basis. The service started out as a Bitcoin trading platform and has evolved into a crypto wallet and exchange service that supports both Bitcoin and Ethereum.ĬoinHako stores users’ crypto funds in a cold wallet at all times and was one of the first crypto exchanges to fully ensure its user deposits. CoinHakoĬoinHako is one of the fastest-growing crypto exchanges in Asia and has seen an influx of users after high-profile hacks at several other Asia-based crypto exchanges in recent months. ![]() In addition to having a promising hard product, TenX also has a star-studded board of advisors, including Vitalik Buterin, founder of Ethereum. In the future, the service also hopes to roll out tools for retail banking and conversion of cryptocurrencies to fiat as well. Users can leverage TenX’s app to store numerous different types of blockchain assets (including cryptocurrencies all in one place), and use its debit card to pay with crypto at retailers around the world. TenX seeks to connect a user’s assets stored on the blockchain with “real-world” payment platforms through an all-in-one, blockchain-based crypto platform. Its charter is to advance Litecoin for the benefit of society, and identify new nonprofit and commercial use cases for its technology. Its nonprofit arm, the Litecoin Foundation, is also headquartered in Singapore and organizes community meetups and events around the region on a regular basis. Originally founded in Singapore by ex-Googler Charlie Lee, Litecoin is well-known for having markedly faster transaction times than Bitcoin – in some cases, its network is 3-5 times as fast. Litecoin is an open-source cryptocurrency that is one of the largest cryptocurrencies in the world by market cap. These twenty crypto companies are on my radar for being key participants in the local ecosystem that are innovating relentlessly and helping make Singapore a great place to run one’s crypto company. While Bitcoin nodes do connect to each other using IP-addresses, it's not necessarily clear for nodes whether the transaction data they received was created by the node they connect to, or if that node merely forwarded that data.If you’re interested in crypto, be sure to check out CryptoList – my hand-researched list of crypto companies, and consider subscribing to CryptoWeekly, my weekly crypto newsletter.Īs one of the world’s most dynamic hubs for crypto and blockchain innovation, Singapore is already home to dozens of like-minded startups, with more and more popping up each month. ![]() Like physical cash, not even the receiver needs to know the identity of the sender.Īnd third, Bitcoin transaction data is transmitted and forwarded by nodes to a random set of nodes on the peer-to-peer network. As such, (and as long as a miner includes the transaction in a block) anyone can effectively transfer bitcoin from any address to which it controls the (private) keys, to any other address, with no need to reveal any personal information at all. Second, transactions are not tied to the identity of users either. Anyone can create a new and completely random Bitcoin address (and the associated private key) at any time, without the need to submit any personal information to anyone. There are generally three reasons why bitcoin is sometimes regarded as anonymous.įirst, unlike bank accounts and most other payment systems, Bitcoin addresses are not tied to the identity of users on a protocol level. ![]()
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