NB: This is my personal research and views about the next.exchange platform and in no way should be taken for a financial advice. By all means do your own research.
In the gold rush period of early ages, during the era of the discovery of a precious metal dated 24 January 1848 – 1855. There was this great push from various individuals and entities far and wide to become rich by getting their hands on this precious metal and by all means change their lives.
There was also sudden great rush for tools too needed for mining processes - shovel, wheelbarrow etc. Unbeknown to a lot of people at the time, the people who had the greatest benefits of the Gold rush period was those who sold the tools. Not everyone who seeked out the precious metal got to own it. In fact there was a lot of frustration since the searched resources was limited.
Lets talk about the Blockchain and Cryptocurrency industry. The industry as we have today is at a teething stage - still growing. A relatively young technology that has undergone some significant progresses as well as encounter bottle necks in its growth. The industry today would not be without the very core components which made exchange of cryptocurrencies and acquisition quite easy.
The exchange industry is a significant part of the ecosystem without which we really can't do much. In fact it accounts for millions upon millions of transactions happening in the blockchain today. Thanks to this industry we really could not have it any better or easier at owning and taking part of interesting projects. However even with the very great works that exchange platforms have achieved there is still need for improvement.
For examples; There have been continuous cases of hacks and attacks on CEX resulting in loss of millions of dollars with each new attacks. The vulnerability of this type of unique platform lies in its central architecture. CEX stands for Centralized exchange. The funds, activities, transactions in this type of platforms actually happen in a central chain/location which invariably becomes the primary target of hackers. This is without the truth that centralized exchange are way easier to use than their decentralized counterparts.
The issue with DEX - Decentralized exchange - is in the usage, platform design, the architecture of a dex do not encourage novice to use. Most DEX engines are built quite unattractive, rarely optimized for use and somewhat complex.
These problems are solved by the NEXT.EXCHANGE platform team who came together to build an hybrid exchange platform that boast of having both CEX and DEX features all in one place. Completely eliminating the bad attributes of this two type of platforms, optimizing operations to go on smoothly with execution in very high TPS!
There are no central system storing users funds as a unique decentralized wallet is created for each users. Users have the ability to trade wallet to wallet here and future retrieving of private keys is being worked on at the time of this post. The best of its kind in the exchange industry, bringing the luxury of a centralized exchange and security of a decentralized exchange all in one place. I think with the pace of development since they got some of the most dedicated blockchain team today, having gone gone through the longest bear market in blockchain history and still standing, they are going to be the next big thing.
They caught my attention I think it will catch yours too, check them out here
Useful Links
Official Site: https://next.exchange/
Official Announcements: https://t.me/nextexchange
Official Twitter: https://twitter.com/NextExchange
Markets
Idex.market/eth/next
Crex24.com/exchange/NEXT-BTC
