DEEX: A HIGH-PERFORMANCE CRYPTOCURRENCY EXCHANGE

aaemma (35)in #decentralized • 7 years ago

One can't mention the crypto space without mentioning cryptocurrency exchanges whether centralized or decentralized. Centralized exchanges are exchanges running on a central platform or system with the owners making all decisions. While decentralized exchanges are exchanges following the motive of blockchain technology which is; ensuring users trade with each other directly, through this, users trade without having to keep their funds in the exchange.
Now it is worthy to know that, one of the parameters of rating a decent cryptocurrency exchange or any innovation at all is the speed of processing tasks or transactions, transparency etc thus bringing more users. The blockchain/cryptocurrency innovation handles trading in a decentralized and distributed way henceforth straightforwardness and responsibility remains the sign of any exchange or process that is done with this innovation, in any case, one of the disadvantages or difficulties of blockchain is its failure to process tremendous measure of transactions in the briefest time possible, this is certainly not a decent comment about blockchain, as it can limit the imminent utilization of this innovation which is blockchain to a wide scope of operations that include the execution of huge transactions as quickly as possible.

The negative impacts of the low transaction
handling capacity of blockchain networks can be felt in the processes of the contemporary crypto exchange platforms which makes utilization of the blockchain networks that have low trading speed. This low trading speed discomfort traders as they spend ample amount of time without achieving their aim.

WHY DEEX WAS CREATED

As earlier stated, one can't mention the crypto space without mentioning cryptocurrency exchanges, thus there is a need to have an efficient exchange which will stand the test of time at the same time satisfying users.
Since crypto exchange platforms remain the real tool through which crypto holders can exchange their assets to fiat, it is especially basic to make accessible cryptocurrency exchange platforms that could deal with such a large number of transactions as quick and efficient as possible so as to cater for the expanding trading needs and exercises of crypto traders thus the reason why DEEX was created.

DEEX exchange platform is the perfect crypto exchange platform based on the prominent Bitshares 2.0 (Graphene) blockchain protocol which can process more than 100,000 transactions for each second, that is 100,000 TPS. This is without a doubt an extraordinary positive deviation from what is acquired in other crypto exchange platforms whether centralized or decentralized. That is to say, crypto traders on the DEEX exchange platform will be favoured to appreciate rapid transactions over the platform, this accomplishment will likewise draw more crypto traders to the platform.

DEEX exchange platform is a decentralized crypto trading platform, i.e, crypto traders are not required to store their assets on the exchange wallets. Also, they can trade their assets however in such a way, they are required to make use of a secured customized crypto wallet for their crypto trades. In a bid to empower crypto traders on DEEX exchange platform to partake in the advancements of DEEX exchange, DEEX exchange platform gives its users the chance to register, create, store and sell their tokens so as to raise assets to carry out their project; this is a practical indication of DEEX's platform support for innovative aptitudes.
In the same way, the users who created certain tokens on the DEEX platform will likewise be awarded the rights to give the level of confinements they may need over the utilization of their tokens.

CONCLUSION

DEEX exchange is created by an innovative team who aims to make it possible for users to control their funds while trading.
Also, the DEEX platform offers crypto debit cards to their customers which is connected to customers' DEEX crypto wallet account and it additionally gives the basis that interfaces the debit card to fiat cash portals and outlets which likewise helps while converting from fiat to cryptocurrencies. The token of the platform is known as DEEX.CORE. It is the advanced token used to pay for charges and furthermore for ICO token listing charges on the DEEX exchange.
N/B: It is worthy to know that DEEX token sale is long over and the exchange is up and running.