DAEX EVOLUTION

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The trade in the crypto-currency market has been experiencing a great level of accelerated success over the years since its creation.

Lots of crypto-currencies have been created and ushered into the crypto-currency exchange market in order to better the crypto-currency exchange market as well as increase the level of participation and ensure the adoption and use of crypto-currency worldwide.

The centralized and distributed or decentralized exchanges are the two main types of crypto-currency exchanges in the crypto-currency market

THE CENTRALIZED EXCHANGE

The centralized exchange performs their activities by storing up the customers or users' crypto-currencies and all transactions carried out is done right in the exchange with the help of the operators or workers.

This particular type of exchange has a few advantages such as availability of liquidity as well as the flexibility of the system.

But there are shortcomings like constant security attacks as well as lack of transparency; this endangers the user's assets and does not ensure productive transactions.

THE DISTRIBUTED OR DECENTRALIZED EXCHANGES

Here, the operations of the system are automated and do not need assistance or permission from any individual or external body.

It utilizes the distributed ledger technology and the blockchain system. The users are in charge of their own assets and transaction is done among traders without any interference from the system.

The peculiarity of this type of exchange is that the customer's asset is highly secured and there is a freedom to conduct business transactions with anyone they want to.

Prospective customers are also free to join and exit the market at any time depending on the user.

But despite all these, the crypto-currency exchange market is still flawed in numerous ways.

THE DAEX PLATFORM

Due to these shortcomings experienced in both the centralized and distributed types of exchange, the idea for a more developed as well as the productive exchange was conceived.

The Daex exchange platform is a clearing service which leverages the use of the decentralized technologies (e.g the blockchain system and its technologies), the centralized liquidity as well as the user wallet in order to create an efficient crypto-currency exchange platform.

THE DAEX OPERATION BREAKDOWN

The platform links the traders who wish to do business and they are directed to the clearing service which is done using the decentralized or distributed blockchain's smart contract.
The trader's crypto-currencies will then be cleared by the Daex platform.

THE BENEFITS OF THE DAEX PLATFORM

The Daex crypto-currency exchange platform offers a lot in terms of utility and productiveness.

It offers benefits such as;

The security of the customer's asset.
This makes it difficult for hackers to steal the user's assets.
This platform also runs a lucid and transparent operation which facilitates trust in the transactions.
Accessibility of the system is also ensured by the Daex platform as the market is made open for even new participants to engage in.

Team

Roadmap

The Daex exchange will bring the crypto-currency exchange market above limitations and shortcomings by making it easy for exchanges to be cleared and for secured transactions to be carried out with ease.