DIFX is blockchain based First true cross asset Trading Platform

maverickcoins17 (25)in #difxethereumcrpyto • 3 years ago

Starter information

Cryptocurrency is an electronic money created with technology controlling its creation and protecting transactions, while hiding the identities of its users.

Crypto- is short for “cryptography”, and cryptography is computer technology used for security, hiding information, identities and more. Currency simply means “money currently in use”.

Cryptocurrencies are a digital cash designed to be quicker, cheaper and more reliable than our regular government issued money. Instead of trusting a government to create your money and banks to store, send and receive it, users transact directly with each other and store their money themselves. Because people can send money directly without a middleman, transactions are usually very affordable and fast.

To prevent fraud and manipulation, every user of a cryptocurrency can simultaneously record and verify their own transactions and the transactions of everyone else. The digital transaction recordings are known as a “ledger” and this ledger is publicly available to anyone. With this public ledger, transactions become efficient, permanent, secure and transparent.

With public records, cryptocurrencies don’t require you trust a bank to hold your money. They don’t require you trust the person you are doing business with to actually pay you. Instead, you can actually see the money being sent, received, verified, and recorded by thousands of people. This system requires no trust. This unique positive quality is known as “trustless”.

Blockchain is technology for creating permanent, secure digital recordings that don’t rely on any single person or group. Blockchains can record any information, though the first example was created to record bitcoin transactions.

Imagine the blockchain as a book of records. Each page in that book, is a block, and can record anything. Blocks are created one after the other, chained to each other creating what we know as the blockchain.

Multiple blockchain records are maintained simultaneously by many of unrelated individuals and their computers, making it cloud storage on steroids. Updates are seen immediately and manipulation is extremely difficult/impossible. This positive quality known of many people keeping their own copies of the blockchain is known as “distributed”.

There are hundreds of blockchains created by many groups to records all sorts of information including art, medical records, computer information and much more.

But if a blockchain is not distributed among many individuals and instead run by one government, organization, group or person, than it is not at a blockchain at all. A centralized system like that is simply a database.

What is DIFX?
The Digital Financial Exchange (DIFX) is a platform that wants to disrupt most of the existing features offered by the current digital asset trading platforms. DIFX is a blockchain based cross asset trading platform focusing on reshaping the entire system of crypto trading in the global crypto sphere. The platform offers wide range of services to facilitate ease of transaction, security and efficient trading system for the entire global crypto communities.

Amongst the services offered by DIFX includes Crypto exchange service, Cross asset platform and Wallet service provider. DIFX platform will develop an effective cross asset trading system which will allow swaps of different kinds of crypto assets with a very high speed and affordable transaction cost. Apart from offering swapping service, the platform will also offer Wallet service where crypto users all over the wallet will be able to store their assets securely in a decentralized storage system. The wallet will enable users have complete control over their crypto assets since they will be having their private keys with them.
Apart from offering swapping service, the platform will also offer Wallet service where crypto users all over the wallet will be able to store their assets securely in a decentralized storage system . The wallet will enable users have complete control over their crypto assets since they will be having their private keys with them . DIFX Ecosystem consist of three major sectors which includes :

DIFX Exchange
DIFX Multi-Currency Wallet
DIFX cross asset Platform

DIFX Mission & Vision

DIFX mission is creating hybrid working model of a centralized as well as a decentralized exchange which incorporates atomic swaps with the power of Blockchain technology
We aim to provide a platform for beginner and advanced traders, investors, and institutions with a user-friendly interface that combines the best practices of Decentralized and Centralized trading.
We want to create a new financial order, wherein Digital Currency is used for direct settlement between the payer and the receiver. Our platform will help millions of unbanked individuals use digital currencies due to the simplicity of its use.
We will leverage the blockchain technology to make remittance services accessible and to add value to our customers for auspicious use of digital assets.
We will reduce settlement time and provide efficiency while exchanging along with immutable ledger records and a high-security transaction network.

The DIFX Platforms

DIFX Exchange

DIFX Exchange will create a robust digital asset trading platform which will allow everyone to trade varieties of Digital assets such as FOREX, Commodities, Stocks, Futures, Derivatives, Cryptocurrencies and more. DIFX will integrate Fiat into their Digital assets trading platform to allow users exchange their various digital assets for fiat.

DIFX will offer digital asset trading service for different class of traders, be it newbies, experienced and professional traders with different interface offering centralized and decentralized exchange system.

Multi Currency Wallet

Amongst the products of DIFX ecosystem includes Multi-currency wallet which allows users ability to store their various crypto assets securely and take complete control of those assets through their special keys. The wallet is secured with multi-layers security to protect the users assets and investments.

DIFX Cross Asset Swapping Platform

DIFX offers cross chain swapping service which allows varieties of crypto assets being exchanged for one another as long as they are listed in the exchange. DIFX focuses on creating hybrid system of Crypto exchange comprising of centralized and decentralized exchange. These exchanges will be powered on blockchain technology and will incorporate atomic swap model.

The Features

Encryption of track using the latest tools such as VPN, SSH, and 256-bit AES encryption.

Individual verification of crucial details to avoid identity theft and other forms of fraud.

AES encryption prevention: A sophisticated encryption algorithm that decrypts encrypted confidential data.

Anti-CSRF token: CSRF is Cross-Site Request Forgery, which is a type of attack in which a malicious actor makes an unwanted action on a trusted site.

Mail ID encryption: Prevents hackers from decrypting/editing the email address using our database.

Device-based tracking (IPAddress, MAC Address/Mobile device ID, User) and IPbased admin panel login.

A hidden mailing system implementation for the exchange to know the present login credentials for the admin panel, in case a hacker changes it internally or externally.

The Database retains a log of admin login pattern and wrong login attempts.

Auto logout and re-login for the admin to protect attempted hacks on ongoing sessions.

DIFX constantly exploring the latest techniques to strengthen the safety measures and security features of the services. DIFX has a development board where the team is constantly assessing new features and algorithms that can spruce up the security as well as the performance of all the components of the exchange.
The DIFX Digital asset ecosystem offers a wide variety of solutions to problems that exist in the Cryptocurrency industry. The DIFX platform is not only limited to crypto trading and wallet provider services but will also offer investment and betting services. The need to move your assets from an exchange wallet to a personal wallet is removed, Users trade directly from wallet to wallet thereby deleting transaction changes and ensuring confidence. Unlike some decentralized exchange platforms which operate semi-decentralized systems which have internal wallets where users have to transfer their assets to exchange them, the user will be fully entitled to trading assets will be carried out from wallet to wallet.
DIFX Additional Features:
• Encryption of track using the latest tools such as VPN, SSH, and 256-bit AES encryption. • Individual verification of crucial details to avoid identity theft and other forms of fraud.
• AES encryption prevention: A sophisticated encryption algorithm that decrypts encrypted confidential data.
• Anti-CSRF token: CSRF is Cross-Site Request Forgery, which is a type of attack in which a malicious actor makes an unwanted action on a trusted site.
• Mail ID encryption: Prevents hackers from decrypting/editing our email address using our database.
• Device-based tracking (IPAddress, MAC Address/Mobile device ID, User) and IPbased admin panel login.
• A hidden mailing system implementation for the exchange to know the present login credentials for the admin panel, in case a hacker changes it internally or externally.
• The Database retains a log of admin login pattern and wrong login attempts.
• Auto logout and re-login for the admin to protect attempted hacks on ongoing sessions.
• We are constantly exploring the latest techniques to strengthen our safety measures and security features of the services. We have a development board where our team is constantly assessing new features and algorithms that can spruce up the security as well as the performance of all the components of our exchange.

DIFX TOKEN: