DEEX CRYPTO EXCHANGE: A HIGHLY SECURED CRYPTOCURRENCY EXCHANGE

flezy (40)in #exchange • 6 years ago

It is in human nature to be security conscious of their surroundings, personal information, funds etc. Since the advent of blockchain technology, the security of assets and information has changed tremendously, how?
Imagine putting all your assets in a safe box only you can access, that is to say, no one can touch or even know where the safe box is, without your consent, same can be likened to the blockchain. Blockchain technology which is duly decentralized enables users to decide what to do with their assets or information and who accesses it.
Then comes cryptocurrency exchanges where users then have the power to trade one coin or token over another on a peer-to-peer system.

Notwithstanding, the coming of this blockchain technology thus cryptocurrency has not been adopted on a global scale. Holders of cryptocurrency still need to trade their crypto assets on crypto exchanges for fiat so as to make the best use out of their advanced resource. The vast majority of the present cryptocurrency exchanges are centralized in their activities, that is, for a crypto holder to trade his coin or token on this kind of exchange, he needs to deposit or store the coin with this exchange and persistently hang tight for a coordinating request with another trader. This demonstration of keeping one's cryptocurrency with the exchange doesn't ensure security of one's assets on the grounds that these exchanges are not insusceptible to security breaches and in case of any security breaches inside these centralized exchanges, traders will be the most exceedingly hit as they stand the possibility of losing their assets which doesn't sound great.

THE NEED FOR DEEX DECENTRALIZED EXCHANGE

In a bid to solve these issue of security breaches etc, DEEX decentralized exchange was created.
Having considered the present pattern and activities of centralized crypto exchanges and the commission related with these exchanges, DEEX cryptocurrency exchange platform was created to safeguard crypto investors from all manner of risks that could emanate from centralized exchanges. DEEX exchange is a decentralized crypto exchange platform built on the Bitshares 2.0 blockchain network which gives the best choices and tools required in setting up a best in class decentralized crypto exchange framework that lessens to the barest least the security loopholes related with centralized exchanges.

It's particularly evident that security remains a figment and no system or platform is 100% free of security issues, however with the decentralized activities of the DEEX exchange platform, if regardless there is an event of a security danger or issue, the impact won't be felt by everyone of the members or traders of the platform because just a portion or individual traders specifically associated with the security issue in light of the fact that decentralized exchange platform involves coordinate crypto tradings between traders.
DEEX exchange platform brings to the crypto space, an anchored and helpful cryptocurrency wallet for crypto resource storage and exchange. Crypto wallet could be compared to ledgers as acquired in conventional money related administrations and since crypto wallet operations are for the most part inside the limits of computerized or digital gadgets and the web innovation, it is exceptionally fundamental to guarantee that users' assets in these wallets are sheltered and distant from hackers who may nurture the desire to hack users.

In addition, to fully ensure secured activities on the platform, DEEX exchange utilizes the method of DPOS algorithm to achieve an accord for the approval of blocks of accounts on its blockchain network. This DPOS algorithm gives DEEX partners the adequate chance to democratize the way toward choosing nodes with the stakes required for affirmation of nodes henceforth taking out the likelihood of manipulating the validation process of nodes with personal stakes.

DEEX.CORE: This is the token that drives the exercises, activities or operations on the DEEX exchange platform and also stands as the main currency of the platform thus used to complete payment exercises on the DEEX exchange platform and furthermore the DEEX.CORE is the pre-imperative for masternodes to acquire their prizes.