Today many people around the world use exchanges to invest and trade every day. Blockchain is seen as one of the greatest inventions of the 21st century that creates disruptive technology that is still evolving. The two types of exchanges operated now are distributed and centralized exchanges.
The initial creation of the blockchain is a bitcoin blockchain where the value associated with it is primarily a peer cryptocurrency distribution 2 peer means. When the ethereum blockchain was introduced, everyone began to see other uses of blockchain technology. The industries that have been implemented are security, media, banking, medicine and agriculture. Many other industries can emerge because they continue to grow. However, because cryptocurrency continues to grow,
Distributed exchanges are exchanges based on distributed ledger technology. This distribution ledger technology makes it run on its own without the help of people for service or maintaining its operations. Users of exchanges of funds or tokens are safely distributed because exchanges do not have access to
it. This is seen as a source of digital values and assets that can be stored for value. This has caused a lot of illegal activity by hackers, fraudsters and theft by some immoral elements
. do not know what is SWOT, it is Strength, Weakness. Opportunities and Threats of items, parameters or ideas. It helps in decision making and shapes solutions to expected problems and continuous improvement of an idea.
Cryptocurrency exchanges are of two types; decentralized and centralized.
The decentralized exchange is built on a technological infrastructure protocol that operates independently and does not require anyone to coordinate its activities.
Its advantage is that traders are able to trade without having to worry about the safety of their funds. Traders control and hold their own digital asset in their private wallet while the exchange has no direct access to it. Another advantage is its extremely low trading costs. Example of a decentralize exchanges are IDEX, Waves Dex, Forkdelta, etc.
With the aforementioned decentralized advantages, it is essential to note that it also comes with its own Con’s, in terms of liquidity, flexibility and matching speed.
Centralized exchange are the direct opposite of distributed exchanges with traders funds kept in the exchange storage wallet which it receives as deposit. Though the centralized exchange posses the advantage of providing liquidity, flexibility and matching speed, it also exposes users asset to risk.
DAEX aim to proffer a holistic overhauling of the current cryptocurrency trading system by focusing on the most important part of the trading industry which is security. It does this by leveraging on the benefits brought about by the blockchain technology, otherwise known as the distributed ledger technology by helping in asset registration, identity authentication, asset clearing and settlement among others, while the current centralized exchange won’t be bared from its usual trade matching and pairing.
Safety: DAEX solution will help protect traders funds because traders have total control over their own asset on the blockchain.
Reliable: DAEX system provides a credible and reliable ecosystem between traders and exchanges. The cooperation between the exchanges and clearing service which receives matched trade from the exchange service further assure traders of their asset safety.
The DAEX Storage Wallet
DAEX provides trader with means of storing varieties of Cryptocurrency asset using blockchain technology, hence traders are able to manage and control their funds independently.
Private keys can be to retrieved if traders loses his part of the private key.
Token Sale Information
KYC registration: 08/08/2018 - 08/09/2018
Public sale: 09/09/2018 - 14/09/2018
Token Symbol: DAX
Softcap: 7000 ETH
Hardcap: 10000 ETH
Total supply: 2,000,000,000
TERMINOLOGY
DAEX Wallet: This is a wallet that can be used by people all over the world to hold their crypto currency. It will also access exchanges to be able to trade crypto currencies and act as a clearing chain to manage its assets.
Chain clearing: the platform will function as a clearing house for crypto currencies that will be based on distributed ledger technology. It will also use the Clearing as a Service (CaaS) process to provide clearing services to exchange crypto currencies
Multi-party private keys: this will make the user's wallet very safe because the private key will be split into several parts. Some parts can be used alone and some are put together for use.
Clearing as a Service (CaaS): the platform will also use the clearing service to be provided using cloud mode
POWER
DAEX wallets came when needed, when investors began to be less interested in crypto because of theft and uncertainty
so Daex had the following strengths:
DAEX has jointly considered the security layer in the wallet that won't be easily damaged.
Wallet owners have security for their digital assets that they can use on all platforms
Daex is regulated in such a way that the mulit-segment key system sets it safely and safely also applies the clearing factor factor in the consensus first disbursement of benefits
Enhanced user experience cannot send them easily as is the case with other wallets that have been used for hacking owner accounts
weaknesses
So far is an impressive platform with good security for wallets still saying that the strongest point of a chain is the weakest part in other words that the weakness of the daex ceiling lies in which the team decides to act naughty and this I know has been guarded by transparency team brought to the public.
opportunity
I see a great opportunity in the DAEX wallet because every clearing house of digital assets requires a safe system to continue to exist, after the team has shown consistency in security. Every exchange, investors will look out for the DAEX
THREAT wallet
Because so many other platforms are introducing their own ideas about security, this can be a threat to the development of DAEX wallets, but this can be easily shaken by the DAEX team who are doing more research to improve their work and come out on top.
CONCLUSION
The world today has many decentralized and centralized exchanges that are already operating. But most of these existing platforms charge high fees and deposits and withdrawals can take hours before they are finished. And this can cause traders and investors to lose good profits on targeted trades. So there is a need to have a platform that is more flexible and easy to use and this is why with millions of Daex traders and investors around the world will have no problem meeting their trading targets.
The current security threat to blockchain-based digital asset market has plagued the industry badly and discouraged many prospective players from trading and investing in the blockchain and smart contract technology innovation. This has made them shut their minds to the many other benefits associated with the blockchain-technology.
Alternatively, DAEX has offer to restore safe trаdіng, соnvеnіеnсе аnd transparent trаnѕасtіоnѕ, not neglecting thе іntеrеѕt оf thе аgеnсіеѕ оf these сеntrаlіѕеd exchange industry.
Thank you once again for taking the time to read this article, and thank you a million times for your support of DAEX.
For my information about Daex, please visit this link.
Website: https://www.daex.io/
Whitepaper: https://www.daex.io/daexPaper.do
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2910479.0
Telegram: https://t.me/DAEXOfficial_en
Twitter: https://twitter.com/DaexBlockchain
author:chubylaw
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