Nowadays, the digital asset market has been encountering many problems, including its susceptibility to market volatility and price fluctuations as well as its lack of security and transparency. To address these problems, the DAEX project builds a distributed digital asset clearing ecosystem based on blockchain technology - a secure trusted and open network in which everyone can witness value.The DAEX ecosystem will decouple assets and transactions, enable token-based authentication and restructure the transaction process. This will allow for safer and more efficient distributed registration, clearing and settlement of digital assets. Using this as a foundation, DAEX will serve the entire digital asset market, from digital asset exchanges comprising of multiple interconnected nodes to individual digital asset users.
What are the advantages of DAEX ecosystem?
The DAEX ecosystem provides the following advantages to participants in the system:- Secure: Thanks to a built-in, smart-contract-based privacy protection protocol which uses chain identification codes, DAEX ecosystem guarantees the objectivity of the clearing process and protect the safety of customers’ assets. User’s assets are all held on the blockchain and cannot be moved without user’s admission.
- Trusted: After each completed digital asset transaction, the DAEX clearing and settlement process will ensure that the changes in data are synchronized between all nodes concurrently; therefore providing a reliable environment for exchanges and traders. The blockchain technology guarantees the authenticity of the settlement prices, which are based on composite prices of the underlying asset of participating exchanges.
- Open: The DAEX ecosystem is open to new exchanges. This means exchanges that participate in the DAEX ecosystem can utilize all products and services provided by DAEX, such as wallets and clearing. In addition, exchanges can expect to use more value-added services provided byDAEX in the future, including cryptocurrency derivatives trading.
- More Robust: With the multiple-part private key, the DAEX ecosystem prevents users from privately keeping and transmitting a complete key. By putting the user at the centre of the process and using a consensus mechanism, it also makes accounting on the distributed ledger more efficient.
- A Richer User Experience: The DAEX solution also increases the scalability of the blockchain, enabling fast transactions of multiple assets. At the same time, the basic high-level services of the Clearing Chain can retain the same transaction depth while offering an abundant business ecosystem for derivatives and digital assets.
Finding out what benefits our society can get from DAEX Tokens
Despite being still in its very early stage, the cryptocurrencies industry has a strong growth potential. The goal of DAEX is to help the industry grow in a more orderly and secure way by providing a solid infrastructure that benefits many industry players.DAEX provides CaaS (Clearing as a Service) for the cryptocurrency trading industry. Since the operation of this CaaS is objective and transparent, it is an effective infrastructure service to the whole industry. By using this service, the industry becomes unbiased, objective and transparent so that industry resources become more effectively used.
Moreover, as a clearing service, the DAEX Tokens can also provide a more effective way to list digital assets. With the booming of ICO events, selecting quality coins to list and make related business and technology work ready become a very burdensome work for many exchanges. Users can simplify exchange jobs with DAEX wallets. With that, exchanges can be made quickly with the services of DAEX, thereby creating competition in the crypto industry.
DAEX ecosystem offers participating exchanges some new competitive advantages over competitors. Firstly, the token rewarding mechanism for everyone-clearing will attract more new users and generate more trading quantity. Secondly, the DAEX multi-asset wallet minimizes the delivering cost and helps users have full autonomy over digital assets in his wallets. Thirdly, the separation of trading and clearing helps exchanges to focus more on their core competencies, thus maintain their competitive advantages.
In conclusion
DAEX solution brings about many advantages for any player in the cryptocurrency industry. This distributed ledger technology-based system assists digital asset users not only in lowering transaction costs an accelerating transaction speed but also increasing security and transparency level. Generally, it effectively removes trader’s asset risks in currently centralized exchanges.More information:
Website: https://www.daex.io/
Non Technical Whitepaper : https://www.daex.io/pdf/DAEX(EN)-NonTechnicalWhitepaper-V0.9.8c.pdf
Technical Whitepaper : https://www.daex.io/pdf/DAEX(EN)-TechnicalWhitepaper-V0.6.1.pdf
Telegram: https://t.me/DAEXOfficial_en
No comments:
Post a Comment