Given the upcoming release of eosfinex, the team decided to share more details about their EOSIO architecture and roadmap with the community. Apparently, Bitfinex markets will be accessible from any EOS account in a secure way!
Soon the beta of the new eosfinex will be released, with the aim to let the first beta testers taste the new integration between Bitfinex markets and EOS mainnet accounts. Indeed, it will be possible to access Bitfinex markets and their liquidity directly with an EOS account, while maintaining the blockchain's level of security. This is truly an innovative solution, allowing for the first time to take advantage of the performance of what was previously a centralized exchange, with the potential of blockchain decentralization. Users in this way can retain full custody and control of their assets at all times.
"The integration with Bitfinex will establish eosfinex as the world's most liquid non-custodial digital asset exchange and mark a key milestone in solving the issue of illiquidity in non-custodial digital assets trading".
This could become the state-of-the-art for a new decentralized exchange model that works in combination with centralized architectures. In fact, order matching will continue to be off-chain using Bitfinex's matching engine technology to ensure high performance, but custody and settlement will be on-chain. In this way "trading will be unrestricted by block times, and order execution will be instant ".
Have you ever dreamed of a world where you don't hear about any Exchange hack? Well, if similar solutions will also be implemented by the other exchages, this will be possible! Through non-custodial, or self-custodial, technology users will continue to have full access to their liquidity, and for this reason it will be impossible for any hacker to steal assets from the Exchange, since they will no longer be in exchange possession. This is a great opportunity for EOS to demonstrate what performance it is capable of, and how it can become a thriving hub for DeFi projects. We may also expect a growth of DeFi projects here on EOS!