Bitfinex | EOS Block Producer Candidate Report

in #bitfinex6 years ago (edited)

Bitfinex is pleased to officially present itself as an EOS Block Producer Candidate.

Founded in 2012, Bitfinex is a digital asset trading platform offering state-of-the-art services for digital currency traders and liquidity providers. Since our inception, our focus has been on identifying and advancing the capabilities of protocol-level technologies that meet the demands of a high-volume blockchain-based trading platform, both legal and technical, and we believe we can contribute significant value to the EOSIO community through sharing this.

Screen Shot 2018-04-23 at 16.01.58.png

The Bitfinex team is composed of 100+ industry experts, including a highly-versatile development team, technical support agents, legal experts and passionate industry advocates. Our underlying goal is to grow the open-source nature of the decentralised digital asset space, achieved through intensive community development, research and collaboration.

Our vision as a block producer is that of a collaborative incubator, combining the potential of EOSIO with our experience to take EOSIO research, development and adoption to another level. Our team has gained invaluable industry experience along the way, and we aim to make use of this to enrich the teams around us - sharing information and providing guidance whenever possible.

Collaboration will be vital for the success of EOSIO and we look forward doing our part to advance the EOSIO community.


Company Information

Official BP Candidate Name


Company Location


Server Location

Zurich, Switzerland

Server Type

Owned servers in an owned rack with around-the-clock, military-grade security


  • Jean-Louis van der Velde - Chief Executive Officer
    Jean-Louis joined Bitfinex as CEO in 2013. A technologist at heart, his focus has been on collaborating with banking, regulatory & law enforcement parties to pioneer innovation within the digital asset space. LinkedIn

  • Giancarlo Devasini - Chief Financial Officer
    Giancarlo is the serving CFO of Bitfinex. Giancarlo has, since 2012, been instrumental in the development of Bitfinex, establishing banking relationships, attracting key personnel & re-domiciling the exchange. LinkedIn

  • Paolo Ardoino - Chief Technology Officer
    Paolo joined Bitfinex early 2015 and now serves as CTO, developing & managing core parts of the Bitfinex backend. Paolo has been building valuable tools & infrastructure for decentralised financial innovation for the past 15 years. LinkedIn

  • Claudia Lagorio - Front End & UI Development
    Claudia joined Bitfinex in 2016 following 8+ years experience in UX/UI design and digital marketing consultation. She now serves as the Lead Front-end Developer for Bitfinex, focusing on pushing the boundaries of innovative trading technologies and user experiences. LinkedIn

  • Kasper Rasmussen - Head of Marketing
    Kasper joined Bitfinex in early 2017 as Marketing Lead, with a focus on global community management and the development of proactive and engaged communication strategies. LinkedIn


Technical Specifications & Expenditure

Technical Specifications

To proceed, Bitfinex will make use of 2 servers (1 for backup) with the following specifications:

  • HP DL360 Gen 10 server.
  • x CPU Intel 8180M x 2 processor 28 cores and 56 threads per CPU (total 56 Cores and 112
  • x Memory 1.5tb DDR4-2666mhz
  • x Disc 8 x 800GB SAS 12GB in Raid 6 configuration
  • x Dual power supply 800 watt
  • x 10GB/25GB PCI fibre network card
  • x 24-7/4hr HP 365 Care Pack (for 3 years)

Our Cabinets are video and movement surveilled 24/7 with military grade access to the datacenter.

We estimate that each server will cost 45k USD for the hardware + 1.5k USD/month for cabinet and bandwidth.


We will be able to add as many servers as required, adding flexibility whilst allowing us to scale in line with that of the EOS ecosystem.


Community Benefit Outline


EOSfinex is a high-performance decentralised exchange platform built on EOSIO technology. EOSfinex will combine the scalability and potential of EOSIO with the financial/development expertise of the Bitfinex development team to deliver a highly-scalable, on-chain trading platform. EOSfinex has been designed with speed, transparency and scalability in mind and will be the first trustless exchange to be deployed on EOSIO. In addition to the development of a trustless exchange, we will also lead the development of a secure and intuitive EOS wallet.

SunBeam - an experimental Node.js library

Bitfinex is currently finalising ‘SunBeam’ - an experimental Node.js library that allows for interaction with standard and custom EOS exchange contracts. Through offering basic order book and buy/sell functionality, SunBeam acts as the foundational library required for decentralised exchange on EOS. SunBeam will be entirely open-sourced and available to the EOSIO developer community, with the first release scheduled for mid-May.

Hackathons & Developer Meetups

Bitfinex are excited to host a series of hackathons, developer meetups and open-source conventions to foster collaboration, innovation and research within EOS. We will be casting our focus on the practical development of EOSIO to facilitate and accelerate concrete adoption of EOS technology, on a global scale.


We will we conducting a series of online/offline workshops to facilitate the adoption of EOSIO technology and development of a passionate EOSIO dev community. This includes educational materials, webinars, lectures, interactive development lessons and Q&As with key developers and thought-leaders.

Open-source Development

Bitfinex will pioneer open-source development of EOSIO technology with a focus on technical infrastructure, network security, scalability and decentralised governance.

EOS Incubator

Bitfinex will take on the role of incubator to fund, nurture and advise teams that are serious about the future of EOS and whose vision aligns with that of the greater community. Our primary goal here is to share from our legal and technical experience, accrued from years of pushing the boundaries of the digital asset space.



Telegram name: prdn0
Node name: 'Frog'

Telegram: bfxtelegram & bfxannouncements.


@bfx, let me be the first to welcome you to Steemit! Congratulations on making your first post! I gave you a $.02 vote! Would you be so kind as to follow me back in return?

Congrats Bitfinex! Looking forward to see what great accomplishments Bitfinex will bring to the EOS ecosystem.

I personally cannot support Bitfinex as an eos block producer until they publicly perform a full audit of Tether.

Tether and Bitfinex are separate entities, only connected via few common people.

Congrats @bfx, glad to have such an important player like Bitfinex onboard.

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A couple of questions:

  • Do you reserve this hardware for producing on the main EOS chain only?
  • Do you plan on voting for yourself using the EOS acquired by Bitfinex, and if you do, are you planning on voting for other block producers as well, or will it be just for yourself?
  • Will EOS deposited to EOSFinex be ever staked for any purpose, including voting? If not, are there any technical guarantees that you can provide that this won't happen?

P.S. These questions are not intended to imply anything. Answers could go either way and still be acceptable, but I do believe that answers should be given in the spirit of transparency.

Hi Todor,

Thanks for reaching out. To answer your questions

  1. Yes, the hardware specified above will be used exclusively for EOS mainchain developments.

Questions 2 & 3 will be addressed by our CTO, Paolo Ardoino, at tonights EOSLondon presentation. At the risk of spoiling his answers, I will put together a transcript of the presentation for the EOS community to go through immediately. Looking forward to discussing our approach with you. Feel free to stop by our Telegram if you'd like to discuss directly with our development team.

If we do not guarantee safety to our members, who can trust and trade?

I am the one from Bissum sent to Ios Ico address.
Bissum is cooperating to help us get Ios back.
Don't let every customer lose money by paying attention to the comb wave.
That is the only way to improve our perception in Korea.

Thank you for sharing your experience.

Welcome bfx :D

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