If you are an entrepreneur or someone interested in investing, you will certainly understand its growth. In the financial industry, a cryptocurrency has grown. However, it does come together with some of the problems that make it difficult for it.

In fact, Aurix wants to develop technology in the future age by exchanging digital assets and cryptocurrencies that will be an important part of the financial industry. Digital asset technologies have begun to show their impact in the real world. It adapts quickly and becomes an industry trend. One of the examples is cryptocurrency exchange.

Cryptocurrency exchanges have become the central attention of people around the world in the digital currency realm. Every year, this exchange platform is on the rise. From this cryptocurrency exchange, people not only get the benefits, but also suffer significant scaling problems, both operationally and technically.

Cryptocurrency exchange problems

In this article, we provide you with some of the problems that investors may encounter in these digital assets, cryptocurrencies. There are 6 problems as explained below.

Let's see the details!

1. Weak technical architecture

Some digital exchanges are carried out by professional engineers with a lot of experience or no experience in the financial sector, so they don't know how to operate a financial services platform.

Usually, to boot the system, they will choose the easiest way to save money and time. This swap can work fine in the first place. However, this can come worst when the amount of traffic increases, while the system is overloaded and unable to process user requests. In other words, people can buy or sell on cryptocurrency and they won't catch it in Aurix.

Though, an exchange should be well-designed with one that is efficient, secure enough, transaction fast, and scalable. On the other hand, Aurix was founded by experienced workers especially in the financial system on the Blockchain market as well as the real-time data application system. They have a deep understanding in the required area.

2. Lack of security

Due to malicious activity or hacker intrusions, statistics show that hundreds of exchanges have been closed. In 2017 and 2018, due to the attack being targeted by data from the IBIB Group, the exchanges suffered a total of $ 882 million in losses. Meanwhile, Aurix is designed to the highest security standards that can minimize hacker intrusions or other access from irresponsible or possibly human systems.

3. Low market liquidity

Basically, the main goal of an exchange is to create high liquidity, support investors in the trading system, and proactively decide to buy or sell. However, most digital asset exchanges do not meet the requirements so it leads to unpredictable results for investors.

Liquidity is an important factor for any market and due to reduced liquidity, orders are not placed on time and doors are open to manipulate prices. Hence, it leads to an unbalanced environment and things go out of control. In short, to attract coin miners, institutional investors and high volume traders to a newly established exchange is difficult and requires an experienced team with understanding. know deeply about this new market.

4. Poor customer service

Customer service is often overlooked by some exchanges even though this is one of the deciding factors for the exchange's success. Based on Accdvisor research, 52% of customers have had a bad customer service experience with the company stopping buying their services and products. Up to this point, many users will complain about the bad services they get from the company leading to poor customer support.

5. Transaction fee

On crypto exchanges, transaction fees are a double-edged sword. When fees are low or there are no fees, so does the liquidity of the exchange. It allows large investors to implement cryptocurrency prices cheaper and easier. Besides, cryptocurrencies of course promise to disrupt the financial sector by making transactions a lot cheaper.

6. Trading pair

Besides transaction fees, the problem can also exist from trading pairs. It happened because having 200,000,000 (two hundred million) individual tokens of cryptocurrency would be a very important issue. So if you want to sell one token to another, it automatically requires two traders to make the double amount of fee required to exchange the token.

Aurix swap problem solving

After learning about some of the exchange issues that may be encountered, we have also provided you with some Aurix swap problem solvers that could be a way to reform those weaknesses. There are five ways that can be done to deal with these problems:

To ensure scalability, a stable microservice system is used by adding physical servers when the system needs to process a large number of transactions. With the load balancing system in place, Aurix's capacity increases to 99.9%. Besides, to improve their users, access to speed is improved.

Micro-services on Aurix are broken down into small services with separate databases allowing us to perform scaling and modification without impacting the entire system.

Aurix finished with a system engineering from scratch with safety. Along with it, Aurix also deploys the security system into multiple layers including, powerful firewall, anti-DoS, multiple user warnings. If Aurix finds some strange activity, it will automatically block the account for a certain period of time. It will also notify the user of the account.

It is very common to consider a large amount of cryptocurrencies being stored on large exchanges. Therefore, to keep users safe, Aurix is ​​implemented with security solution that includes hot wallet, cold wallet and security hardware.

Aurix has worthy experience in everything from designing to assisting clients in every way to modify liquidity management and a low latency trading architecture in the forex industry. Furthermore, Aurix has many good partners in the industry, they will be the key to the launch of the exchange and make it easy for them to build a solid foundation of an existing business.

With the development of exchange infrastructure, Aurix began to see customer service as an important part of the digital economy. As a result, they realize that they have a large number of users, so they provide users with a service management team on hand, who is ready to solve any problem. So, Aurix was founded to provide a flawless user experience.

Essentially this article is not meant to address a particular individual or entity. It's just a glimpse of the information we wrote to share with you if you're interested in it.

That is the end of this article. Hope we will help you to know about the Aurix exchange problems and its solutions. Thank you! Wishing you happy reading!

or more information, please visit the link below:

Website: https://www.aurix.exchange/
Whitepaper: https://www.aurix.exchange/Aurix-Whitepaper.pdf
Facebook: https://www.facebook.com/aurix.exchange/
Twitter: https://twitter.com/aurixexchange
Telegram: https://t.me/Aurixchat
YouTube: https://m.youtube.com/channel/UCJRtUTd79m6qey5BITZ9WwQ
author : Darioc