Decentralization is the modern trend
Depending of many reasons centralized Exchanges are still very popular, because they offer customers a “ready” wide functionality, accumulated as a result of many years of practice. The centralized Exchanges have only one serious drawback, which, to our great regret, based on its fundamental nature and plays an increasing role in the modern cryptocurrency world. This disadvantage is centralization, which is the main essence of these platforms.
The centralized system is exposed to risks by the following important indicators:
- Security. There is a clear center where beat attackers. The total amount of funds abducted by hackers, starting with the history of MtGox, Bitfinex, etc., is estimated at hundreds of millions of dollars.
- Unfair competition. Example with BTC-E and A. Vinnik, accused of fraud, theft and money laundering through BTC-E.
- Danger of sanctions. Under the influence of US sanctions many customers from the countries in which these sanctions apply, can’t withdraw their money from the Poloniex Exchange.
Political risks. The recent sharp change in China’s policy towards ICO and cryptoexchanges in Beijing. This list can be continued and continues with examples from the recent past but most of all it is alarming that this list will be updated in the future. Proceeding from the foregoing it is necessary to ask an important question that sooner or later arises before each participant of the cryptocurrency market. How to protect yourself and minimize the risks of losing invested money? Is it worth the “old habit” of centralized exchange of probability to lose all at once? By our opinion the answer to this question is quite obvious — the transition to a decentralized trading platform without all the risks described above and without a long list of challenges inherent in centralized exchanges. We suggest that one of the most advanced platforms for creating a decentralized exchange is the BitShares 2.0 platform (Graphene), that’s where we create the multipurpose decentralized Exchange — DEEX. At the first stage it is planned to build the system on the existing BitShares Exchange engine. Next we will develop its own engine on BitShares 2.0 (Graphene) for DEEX with its own nodes and a global coin (token) similar to BitShares (BTS).
BitShares 2.0 — the basic functionality of DEEX.
BitShares 2.0 is a high-tech, decentralized, blockchain based platform which allows to create highly efficient financial “smart contracts” for all areas of economic activity that are used in global Internet space to provide services.
The BitShares 2.0 platform gives users a variety of undeniable advantages:
- High performance — up to 100,000 transactions per second;
- Cryptocurrencies trading with a stable price (BitAssets / SmartCoin);
- Dynamic Account Permissions (for corporate environment);
- Recurring & Scheduled Payments — periodic and planned payments;
- Referral rewards program;
- User-Issued Assets (UIA) — an assets created by the platform participants;
- Transferable Named Accounts — natural account names;
- Delegated Proof-of-Stake Consensus (DPOS) — Delegated Proof of Participation.
High performance and low transaction cost.
The BitShares 2.0 platform allows data processing speeds of up to 100,000 transactions per second (at the level of centralized Exchanges) which makes it possible to perform instant operations in real time mode (maximum delay time is calculated in seconds, not hours like for other cryptocurrencies). By the number of transactions Bitshares 2.0 is significantly ahead of Visa or MasterCard networks (their speed is about 20,000) and even the number of “transactions-reactions” (likes, posts, etc.) of Facebook users (about 52,000). The maximum number of transactions per day (for 21–09–2017) in the BitShares network reached 920,000. This is more than Bitcoin and Ethereum networks ever show together. The largest number of transactions recorded in the Bitcoin network did not exceed 322,000.
Telegram — https://t.me/deex_exchange
The author :
Name — jenyaret
Profile — https://bitcointalk.org/index.php?action=profile;u=2001334