OpenBazaar, the crypto exchange known for its exclusive offering of bitcoin, is looking to change up its operations. The CEO Washington Sanchez has given up on the hope for bitcoins scaling abilities in the near future. He is now looking to grow the exchange and start offering a number of new cryptos to their repertoire.
Sanchez did not mince words in a Twitter rant on the current state of bitcoin, saying
I personally wasted so much time in the bitcoin scaling civil war that I could have used designing [and] building dapps (decentralized applications) and opening up OpenBazaar to multiple currencies. Instead, we had to wait for fees in bitcoin to cripple any consumer usage before we woke up.
It was somewhat of a surprise to see this change of heart as there have been a number of announcements showing significant progress towards a feasible scaling option. The addition of other cryptos may have been a push to stay competitive as exchanges continue to pop up. There is a likelihood the user base of OB1 pushed on this as many have talked highly on the peer to peer network the exchange hosts.
OB1 has not released the official list of which cryptos it will start hosting in the coming months but did lay out the criteria of multi-signature wallet support and the ability to be used in a transactional nature. There have been hints towards zcash, litecoin and several other top cryptos being added to the platform.
OB1 has big plans in store aside from the additional cryptos being added. They are looking to launch their own coin, OBT, by the end of 2018. There have been discussions of supporting ethereum and possibly even collectibles so you can get your CryptoKitties.
The platform is planning major reform on its digital presence through a completely redesigned website. They are hoping that through these substantial changes, their platform can continue its growth and take on some of the top exchanges in the world.