Today, I tell you about the trend of blockchain.
#1. [Binance Will Soon Reward Market Makers for Providing Futures Liquidity]
Cryptocurrency exchange Binance is adjusting its fee structure to get market makers to add liquidity on its futures platform.
Under the revised Binance Futures Market Maker Program, market makers will receive a negative fee for selected trading pairs, according to an official announcement on Monday. A “market maker” is a user who adds liquidity, or buying and selling limit orders in which the limit price is below/above the current market price, by placing a trade in the order book. A “market taker” is the one who takes liquidity off the market by filling a trade already placed.
https://www.coindesk.com/binance-will-soon-reward-market-makers-for-providing-futures-liquidity
Sources: Omkar Godbole/coindesk
#2. [Ethereum Incubator ConsenSys Slashes Headcount 14% in Latest Strategic Shift]
Ethereum venture studio ConsenSys is shifting focus – and downsizing as a result.
The Brooklyn, N.Y., company announced at an all-staff meeting Tuesday its latest restructuring would shrink the firm's headcount by approximately 14 percent. When asked, ConsenSys did not explain how many individuals the cuts would affect or state its current headcount.
“In the coming months, ConsenSys will finalize the transition from its venture production model and spin out a number of its internally funded projects into the ConsenSys Investments portfolio,” the company said in a statement.
https://www.coindesk.com/ethereum-incubator-consensys-slashes-headcount-14-in-latest-strategic-shift
Sources: Zack Seward/coindesk
#3. [Gartner Research: Smart Contract Adoption to Increase Data Quality by 50% Over 3 Years]
Research conducted by Gartner Inc. predicts a 50 percent increase in overall data quality by 2023 for all businesses and organizations using blockchain smart contracts.
“When an organization adopts blockchain smart contracts, whether externally imposed or voluntarily adopted, they benefit from the associated increase in data quality,” said Lydia Clougherty Jones, senior research director at Gartner, in a recent blog post.
However, data availability is set to decline over the same period due to blockchain technology replacing traditional business processes. By initiating smart contracts and eliminating all access to data otherwise available from third-party intermediaries it would remove those third parties from the transaction.
https://www.coindesk.com/gartner-research-smart-contract-adoption-to-increase-data-quality-by-50-over-3-years
Sources: Sebastian Sinclair/coindesk
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