Why TrueDEX chooses Bitcoin SV

Getting your Trinity Audio player ready...

Bitcoin SV (BSV) is the best blockchain to build on—that’s the conclusion the TrueDEX team came to after trying to build their platform on several other blockchains before deciding on Bitcoin.

We tried developing TrueDEX on almost any other crypto platform, before eventually switching to #BSV Disinformation costed months and years

— Arm (@trustyarm) May 1, 2020

We had the chance to catch up with TrueDEX co-founder, investor, and CEO Armen Azatyan to learn more about why BSV was the right blockchain for their team, and why other blockchains came up short.

What is TrueDEX?

TrueDEX is a leveraged derivatives trading app, where you can use BSV to trade any of the world markets—from equities to foreign currencies. At the moment, TrueDEX is in beta, and individuals interested in using the platform can sign up here.

“Right now we are developing Bitcoin Trading Protocol. BTP is the last step to get out of beta and become fully distributed,” Azatyan said. 

“BTP is a second layer protocol on top of BSV. BTP holds mutual liquidity, TrueDEX is a broker, and there will be many other brokers like TrueDEX, built on top of BTP.”

What blockchain networks did the TrueDEX team try to build on in the past, why did TrueDEX move away from those blockchains, and why did TrueDEX decide that BSV was the right blockchain for their platform?

Azatyan: Before BSV we tried Ethereum, Bitshares, EOS, and closely considered Cardano, Waves, and Tron. [However these] platforms are not stabilized (in prototype stage), [and] fees are very high both for ETH and EOS. [The] key reasons why we switched to BSV [are because it has a] stable development environment, helpful community, and established infrastructure (Money Button and MatterCloud in our case).

Why Bitcoin?

According to TrueDEX, BSV is the only platform ready for enterprise scaling, with smart contract functionality, and has already outpaced BTC and ETH in many ways, such as transaction volume. We look forward to the launch of TrueDEX; it is an innovative product that erases the barriers that exist between cryptocurrency markets and other world markets. The fact that users around the globe will have the ability to use their BSV in these markets is revolutionary, and we are excited to see it in action. 

Getting your Trinity Audio player ready...

比特币SV（BSV）是用于构建的最佳区块链——这是在TrueDEX团队选出区块链之前，尝试过其他几个区块链构建平台后得出的结论。

We tried developing TrueDEX on almost any other crypto platform, before eventually switching to #BSV Disinformation costed months and years

— Arm (@trustyarm) May 1, 2020

我们有机会对TrueDEX的联合创始人、投资者和首席执行官亚曼·阿扎特扬（Armen Azatyan）进行了采访，深入了解为什么BSV是最适合其团队的区块链，以及其他区块链表现不足之处。

何为TrueDEX？

TrueDEX是一款杠杆式衍生品交易应用程序，您可以使用BSV在任何世界市场进行交易——从股票到外币。目前，TrueDEX处于beta测试阶段，有兴趣使用平台的用户可以在此处注册。

“目前，我们正在制定比特币交易协议（BTP）。BTP是摆脱测试版并实现完全分布式的最后一步”阿扎特扬表示。

“BTP（比特币交易协议）是BSV之上的第二层协议。BTP具有共同流动性，TrueDEX作为经纪，和未来许多其他经纪一样建立在BTP之上。”

TrueDEX团队过去曾尝试在哪些区块链网络上构建，为什么TrueDEX最终没有选择它们，为什么TrueDEX认为BSV是最适合其平台的区块链？

阿扎特扬：在BSV之前，我们尝试以太坊、Bitshares、EOS、并仔细考量过Cardano、Waves和Tron。（然而）这些平台都不稳定（仍处于原型阶段），以太坊和EOS的费用都很高。我们选择BSV的关键原因就是稳定的开发环境、给力的社区和已建好的基础设施（对我们来说就是Money Button和MatterCloud）。

为什么选择比特币？

对于TrueDEX来说，BSV是唯一适合企业扩容的平台，它具有智能合约功能，并且在许多方面已经超过BTC和ETH，例如交易量。我们期待TrueDEX的推出；这是一款创新产品，消除了加密货币市场与其他世界市场之间的障碍。全球用户将能够在这些市场中使用BSV，这是一个革命性的改变，我们很高兴看到这一进展。