Onam , the best exchange

mfestra (57)in #blockchain • 6 years ago (edited)

We well know that the nature of Bitcoin and crypto currencies in general is decentralized; that is, there is no banking or governmental entity under which they are governed. On the contrary, the transactions carried out with them do not require any intermediary to monitor or approve them. Instead, this function is assigned to all network members under the concept of mining.The decentralized character of digital coins is largely rooted in the technology on which, for example, Bitcoin: Blockchain is based. We have explained that it is a chain in which blocks made up of groups of transactions approved by the miners are added.

Now, with the growing popularity of crypto coins, the number of people who want to make changes between the different types available, and even to fiat money or trust money has increased as well. For this reason there have arisen numerous companies or web platforms dedicated mainly to this exchange, known as bureaux de change or exchanges.

Exchange houses are platforms that allow their users, through registration in the same, the exchange of their digital money to other monetary units. These can be decentralized, but in their great majority they comprise centralized systems in which they act as intermediaries in the operations and retain the money as long as they take.The use of exchanges is completely necessary today. However, the specific case of centralized exchanges has several associated disadvantages, mainly with regard to the safekeeping and security of our assets.

PROBLEMS OF CENTRALIZED EXCHANGES

Once you send your money to an Exchange you lose control over it by not being in possession of private keys. This means that you have to fully trust that service which will almost always be a dogma of faith. On the other hand, Exchanges operate under the legal jurisdiction of a country. This means that in many of them you will be forced to identify yourself and therefore be under the scrutiny of that country.

The rules of the Exchange game can change surprisingly when under pressure from governments. And your account can be blocked for a variety of reasons without notice. Clearly, all of the above goes against the spirit of crypto-money: decentralization, privacy and security.

In order to survive, the highly competitive world of centralized Exchanges will have to offer certain advantages such as sharing part of the profits obtained by the commissions, holding competitions with prizes, locating itself in countries with more lax legislation so as not to demand identification, promoting airdrops of new cryptomonedas among its users and a thousand other things. This is what they do, for example Kucoin and Binance, two emerging Chinese Exchanges that are proving much more interesting than Poloniex or Bittrex, based in the USA.

Even so, the centralized Exchanges are still potentially very problematic so it is not advisable to place unlimited trust in them. New possibilities are emerging that place them in a clear decline. Technology is like that and things, fortunately, change and offer us new and interesting possibilities.

Onam was born due to the need of the clients to be part of a decentralized exchange and to comply with all the regulations to have a stable market that will be maintained over time.
There are some terms that we must take into account to understand the importance and why Onam is the best exchange.

What is a DDoS attack?
A DDoS attack aims to disable a server, service or infrastructure. There are several forms of DDoS attack: by saturation of the bandwidth of the server to leave it inaccessible, or by exhaustion of the system resources of the machine, thus preventing it from responding to legitimate traffic.

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What is Two Factor Authentication?

Two-Factor Authentication is a tool offered by several online service providers that adds an additional layer of security to the login process for your Internet accounts.

What is phishing?
Phishing is a method cybercriminals use to trick you into revealing personal information, such as passwords or credit card and social security numbers and bank account numbers.

What is Onam?

Onam is a high-performance, regulatory-compliant trading platform. It enables compliant, usable and secure trading. The platform brings together margin trading, cryptographic trading and OTC trading under one roof to make it easier for the user, where users will save on trading fees and, at the same time, unlock functions such as trading alerts and market analysis tools.

Paper, margin and OTC trading
Support for custom digital assets and private and public blockchains
Custom and advanced APIs and order types
Margin lending and composite index funds
A 24/7 platform with round the clock support
Scalability of the trading and connectivity engine.

Whitepaper page 13
1.Flexibility and deployment options of the solution
It offers new flexible deployment options that will allow you to offer users powerful productivity tools, in the most convenient way for your business and to meet your technology needs.

2.Simplify high availability and disaster recovery.

It introduces a simpler concept of high availability and disaster recovery that can achieve higher levels of reliability and reduces the complexity usually associated with business continuity solutions.
1. Facilitates administration and reduces reliance on technical support
It incorporates new self-service features that allow users to perform certain common tasks without having to resort to technical support.

Onam's equipment complies with the regulation and guarantees the transparency in the process, thus attracting small and large investors. To this end, the company has hired legal experts to help them work without the imminent threat of being shut down by regulatory agencies.

ICO
The ONAM token will run on the Ethereum network during the ICO. The ICO started on October 1 and is planned until early December, the team ensures that any tokens that are not sold will be destroyed.

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Mary is new in the world of crypto coins, her friends have told her to be careful with what she does as well as win she can lose everything, she e,pezo to find out which was the best exchange platform to keep and do negotiations with their crypto coins, and thus found ONAM a platform that complies with the regulations, is safe, reliable and easy to use, now Mary feels encouraged and confident to get started, she uses the affiliate program and begins to receive the latest news and announcements about everything related to crypto coins, so Mary's path to financial independence has begun in the best possible way.

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ONAM is a very interesting project that promises to bring good things with it, helping users to develop better in the world of cryptography and giving them tools to facilitate their transactions and investments.