DEAX THE INNOVATION OF OUR TIME POWERED BY BLOCKCHAIN TECHNOLOGY


  
DEAX.PNG
Cryptocurrency exchange are being used by all and sundry to invest and trade every day. Blockchain is visually perceived as one of the greatest inventions of the 21st century that engenders disruptive technology that is still evolving. The two types of exchanges operated now are distributed and centralized exchanges. Let us have a look at DEAX exchange and how the project will fit in in helping the bring about the best experience in trading and exchange. The project website is here: https://www.daex.io/
The initial creation of the blockchain is a bitcoin blockchain where the value associated with it is primarily a peer 2 Peer cryptocurrency distribution betokens. When the ethereum blockchain was introduced, everyone commenced to optically discern other utilizations of blockchain technology. The industries that have been implemented are security, media, banking, medicine and agriculture. Many other industries can emerge because they perpetuate to grow.
Distributed exchanges are exchanges predicated on distributed ledger technology. This distribution ledger technology makes it run on auto mode without the help of people for accommodation or maintaining its operations. Users of exchange funds or tokens are distributed safely because the exchange does not have access to it.This is visually perceived as a source of digital values ​​and assets that can be stored for value, this has caused an abundance of illicit activity by hackers, fraudsters and larceny by some immoral elements. Let us have a view of what DEAX is all about.
For those who don't know what SWOT is, it is Strength , Weakness. Opportunities and Threats of items, parameters or conceptions. It avails in decision making and shapes solutions to expected quandaries and perpetual amendment of a conception.
DAEX Wallet: this is a wallet that can be utilized by people around the world to hold their crypto currency. It will withal access exchanges to be able to trade crypto currencies and act as a clearing chain to manage assets.
Chain clearing: the platform will function as a clearing house for crypto currencies that will be predicated on distributed ledger technology. This will be utilized as a Clearing chain (CaaS) which is a process to provide clearing accommodations to exchange crypto currencies.
Multi-party private key: this will make the utilizer's wallet very safe because the private key will be split into several components. Some components can be used alone and some are put together for use.
Clearing as a Accommodation (CaaS): the platform will withal use clearing accommodations that will be provided utilizing cloud mode
POWER
DAEX wallets came when needed, when investors commence to be less intrigued with crypto because of larceny and skepticality so Daex has the following strengths:
  1. DAEX has jointly considered the security layer in the wallet that won't be facilely damaged.
  2. wallet owners have security for their digital assets that they can utilize on all platforms
  3. Daex is arranged in such a way that the mulit-segment key system determines it to be safe and secure as well as applying the clearing value factor in prior consensus to disbursement of rewards
  4. Enhanced utilizer experience cannot send them facilely as is the case with other wallets that have been utilized for hacking owner accounts.
WEAKNESS
So far the impressive platform with good security for wallets is still verbally expresses by the team and yet to be tested to confirm their claim.
I optically discern great opportunities in the DAEX wallet because every clearing house of digital assets requires a safe system to perpetuate to subsist, after the team has shown consistency in security. Every exchange, investors will look out for DAEX wallets
THREAT
Because so many other platforms are introducing their own conceptions about security, this can be a threat to the development of DAEX wallets, but this can be facilely shaken by the DAEX team who are doing more research to amend their work and emerge on top
The world today has many decentralized and centralized exchanges that are already operating. But most of these subsisting platforms charge high fees and deposits and withdrawals can take hours afore they are culminated. And this can cause traders and investors to lose good profits on targeted trades. So there is a desideratum to have a platform that is more flexible and facile to utilize and this is why with millions of Daex traders and investors around the world will have no issues meeting their trading targets. Meanwhile DEAX is in the market now to raise fund for this novel project. I invite you to be part of this investment.
For my information about Daex, please visit this link.

Comments

Post a Comment