A decentralized exchange is vowing to take on Uniswap by tackling some of the biggest downsides associated with the DeFi platform. According to Blocknet, Uniswap has been growing exponentially — but they believe the popular decentralized exchange has limitations. Trading is restricted to Ether (ETH) and ERC-20 tokens, and all of this brings disadvantages for cross-chain trading. Other concerns expressed by Blocknet include the security risk associated with pegging assets synthetically. As an example, Blocknet points to tBTC, where deposits had to be abruptly brought to a halt after a security audit missed issues that could have ended up putting …

1. XCurrency Devs Introduce Their BlockNet A few projects are working to get the various blockchains out there to talk among one another, and XCurrency unveiled the details of its own project Monday, Ian DeMartino reported. “Every time a coin joins BlockNet, every other coin in the network can use its features. Ideally, this means that the isolated laboratories that altcoins currently serve as can now become a unified testing ground.” 2. China’s Sfards Technology Introduces World’s First Dual SHA256 and Scrypt Miner On Monday, Diana Ngo reported on some big developments from China’s cryptocurrency mining industry. “According to a …