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Ellipsis Labs has launched the private testnet for Atlas, a blockchain aiming to combine the high performance required by financial institutions with the transparency and security offered by DeFi.
Atlas is optimized for financial applications that require low transaction costs, high availability, fast pre-confirmations and frequent oracle updates, prerequisites for what the team calls “verifiable finance.”
The platform is expected to attract use cases like spot and programmable orderbooks, margin trading, orderbook-based lending and efficient credit markets, building upon the team’s experience as developers of the Phoenix DEX on Solana.
Phoenix, an orderbook-based spot exchange…
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