Bitstraq: Innovative and Revamped Exchange

bitstraqtoken (25)in #bitstraq • 6 years ago (edited)

Right now, Decentralized exchanges have become the successor of centralized exchanges. But Decentralized exchanges have become a target for various hacking threats, loss of trust and illegal siphon of funds. This is why Centralized exchanges have started to gain their traction in recent years due to its established security, trusted centralized platform with escrow services. Bitstraq is a centralized exchange powered with Artificial Intelligence and Sentinel protocol to create a stronghold of an exchange explicitly designed for traders.

Alternative Digital Asset Trading platform is plagued with four hard as nails issues that are bringing down the exchanges. They are listed below:

Trading Volume Obscurity:

Users are wary of trade manipulation in centralized exchanges. This aspect of exchange needs to be regulated and monitored by a central figure. Users can create buy orders and sell orders to up the overall trading volume numbers.Users are wary of trade manipulation in centralized exchanges. This aspect of exchange needs to be regulated and monitored by a central figure. Users can create buy orders and sell orders to up the overall trading volume numbers.

Loss of trust

Anonymity is a double-edged sword in the world of cryptocurrency exchange. Many decentralized exchanges do not require users to submit identifications documents, but the case is opposite in Centralized exchange. Many companies do not share these details. Either way, there is no sense of trust when a third-party is involved.

Lack of Infrastructure

Centralized exchanges are often ill-equipped to deal with more extensive customer bases, and the additional customer inflow takes a toll on the trading engine and its underlying services. This advertently leads to a backdoor/loophole where hackers can exploit the exchange.

High Trading Fees

Traders are often faced with high trading fees in the centralized exchanges, and they vary from one exchange to another.

Bitstraq:

The solutionDespite all shortcomings in the centralized exchange, Bitstraq is an innovative centralized exchange that contains Artificial Intelligence and Machine Learning powered with Sentinel Protocol to provide a seamless trading platform devoid of any cons from the traditional centralized exchange. There are various benefits to Bitstraq exchange.

They are listed below:

Security

Bitstraq uses multi-device, multi-signature security for its traders. Without multiple keys, a transaction cannot be authorised. Bitstraq exchange also employs the Sentinel protocol that uses collective intelligence system and an array of intelligence-based threat analysis algorithms to secure the trading platforms. This protocol collects the hacking reports and attempts and delegates it to a panel of experts who can confirm the incident, making bad actors in the exchange to be eliminated.

Backend Matching engine

Bitstraq exchange contains a trade engine that will match orders between the buyers and sellers in a highly secure environment. This will curb the zero-trade leakage and allows throughput of millions of transactions with low latency. As it is automated, there is no loss of trust.

Auto trading and Auto chart pattern

The Bitstraq exchange provides a platform for traders to implement their trading signals and the entire process is automated. Traders can also make use of the trading tools to figure out pattern types, probability and much more so there is a transparency in the trading platform.

Summing-up :

Bitstraq is going through the Pre-ICO sale of BAQ tokens which is an entryway into the Bitstraq exchange. Apart from an infallible exchange, Bitstraq also aims to make trading platforms without any hassles and grow into a Security token exchange. Get your hands on BAQ tokens now.