Amplified exchange is going to use some strategies and approaches to fill the gap existing between the traditional financial markets and the digital markets. Amplify exchange will implement the strategies stepwise. The following are the step by step amplify exchange approaches:
Amplify is intending to first offer the market participants with amplifying brokerage. What is brokerage? Brokerage is a technical infrastructure which enhances the trading network. Amplify brokerage will benefit the cryptocurrency traders. First, the amplify brokerage will provide a better trading price since it will connect the traders to the top exchanges. Moreover, amplify exchanges will provide the crypto traders with better prices for their crypto assets. Amplify brokerage will offer the consumers with a more reliable and high volumes crypto trading.
Distributed exchange is one of the two main technological models. Distributed exchanges are the step two approach that will be used by the amplify exchange. This cryptocurrency exchange model uses a single access point website, and it makes up the bigger space. With this model, all the funds deposited into the wallet or smaller wallets are under the full control and ownership of cryptocurrency exchange. The best thing about this approach is that transactional fees are reduced. Reduced transactional fees are as a result withdrawals and deposits which occurs in chains.
Moreover, it is a quicker process when executing a trade since there is no physical movement of coins from one wallet to the other. This model is, however, prone to malicious attack risks. This is because it has a single access point to customers and censorship hence exposing it to the malicious attacker and hence possible loss of funds.
This is step three approaches that the amplify exchange will use. A decentralized exchange is an alternative approach to distributed exchange. As compared to the distributed exchange, a decentralized exchange is more flexible since it is fully decentralized and it also runs through a series of nodes. Unlike the distributed exchange, all the transactions occur on the chain, hence making it slower. Additionally, the process is slower because it will require several confirmations to be done for every transaction. This will also involve higher transaction fees to be made.
Amplify exchange is determining the best model that will incorporate the advantages of distributed and decentralized exchange models. From the two models, amplify exchange will create a hybrid model that will provide the best solution to the cryptocurrency market. Moreover, the hybrid model will also serve as a blockchain based digital ledger that will be used to monitor all the actions within amplify distributed.
Amplify exchange models will also solve the basic digital needs in cryptocurrency that is needed to connect, to earn as well as to spend in the cryptocurrency market. The main goal is to increase the crypto users and to make crypto trading very simple. Amplify exchange is working towards providing the best solution that will enable the crypto users to operate in a friendly trading environment.
Official links for more details,
Website Link : https://amplifyexchange.com
Whitepaper Link : https://amplifyexchange.com/wp-content/uploads/2019/05/Whitepaper-V7.2.pdf
Twitter Link : https://twitter.com/AMPExchange
Telegram Link : https://t.me/AmplifyExchange
Facebook Link: https://www.facebook.com/ampexchange
Medium Link: https://medium.com/@amplifyofficial
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1472403