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Rabu, 05 September 2018

DAEX

DAEX BRING MULTI PART PRIVATE KEY FOR CUSTOMERS SAFETY

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            INTRODUCTION
Today many people around the world make use of exchanges to invest and trade on daily basis. The two types of exchanges the are been operated now are distributed exchanges and centralized exchanges. This two exchanges have their own pros and cons. The distributed exchange is an exchange which is based on the distributed ledger technology. This distribution ledger technology make it run on its own without the help of people to either service or maintain its operations. Users of distributed exchange funds or tokens are safe because the exchange does not have access to it. In this type of exchange traders from every part of the world trade with each other and the exchange underlying technology guarantee each trade to go through on its own , cleared and settled correctly. Example of distributed exchanges are EtherDelta and BitShare. And in distributed exchange is a very secure exchange when it come to users fund and tokens. Also the cost of transaction is always very cheap and affordable. But the problem of distributed exchange are matching speed , terms of liquidity and flexibility. Also the centralized exchanges are expensive in terms of transactions cost and very slow in terms of deposit and withdrawals. This is why Daex bring a platform that will solve all this problem with new technology and mechanisms. Daex will be a crypto currency clearing service that will be based on distributed ledger technology. They will also have a wallet that millions of mobile devices ( android and iOS ) users around the world can easily make use of to store their digital assets.
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              TERMINOLOGY
  • DAEX Wallet: this is a wallet that people around the world can use to hold their crypto currencies. It will also access exchanges to be able to trade cryptocurrencies and act as the clearing chain to manage its assets.
  • The clearing chain: the platform will serve as a crypto currency clearing house that will base on distributed ledger technology. It will also make use of Clearing as a Service (CaaS) process to provide clearing services for crypto currency exchanges.
  • Multiple -part private key: this will make users wallet very secure because the private key will be broken into several parts. Some part can be use alone and some are put together to use.
  • Clearing as a Service (CaaS): the platform will also make use of a clearing service that will be provided using cloud mode.
              TEAM
The team consist of people who have years of experience in business , branding, marketing, exchanges / market and blockchain technology.
           CONCLUSION
The world today there are lot of decentralized and centralized exchange who are operating already. But most of this already existing platform charge high fee and also deposits and withdrawals can take hours before they are finalized. And this can cause traders and investors to lose good gain on a targeted trade. So there is a need to have a more flexible and easy to use platform and this is the why with Daex millions of traders and investors around the world will have no problem to meet up with their target trade.
For my information on Daex, kindly visit this links.
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