The word hybrid simply means the combination of different breeds to create something unique but we are not here to talk about biology but to streamline that into the blockchain industry and straight into an exchange that i will like to talk about, the reason why its called the HYBRID EXCHANGE.
Before we begin, i will like to define two important concept; one is the Centralize Exchange (CEX) and the other is Decentralized Exchange (DEX).
A lot of controversies has surround both the two, with some school of thought taking sides but both come with their own advantages and disadvantages.
The decentralized platform has been known for its flexibility because its a peer-peer platform and truly defines the blockchain industry while the centralized platform is the exact opposite, profit oriented and not just a crypto to crypto exchange but also fiat to cryptocurrency.
Other school of thought believe that they both have security issues, since some require an avenue for users to enter their private key, hence a breach of security will mean the access of user's accounts by a third party, user experience has also been identified as bad in a decentralized platform as opposed to a decentralized exchange.
The differences can go on and on but that's not the basis of this article.
A combination of both a centralized platform and a decentralized one, sieving out the disadvantages of both and combining the advantages of DEX and CEX to create one unique platform, that's where the term "hybrid" came from.
I took the liberty of checking out the site, the user interface looks nice but something caught my attention when i scrolled down the site, it turns out that the founder of CRYPTOA is from Nasdaq, a global electronic marketplace for buying and selling securities. That immediately gave me some sort of confidence because one thing i have learnt over the years is that, experience matters a lot in the establishment of any brand.
CRYPTOA promises to deliver transparency, latency, liquidity, and security to the community and digital asset trading, with cutting edge technology in the future, the issue of hackers and DDoS attacks was also addressed by the CEO, as he assured the community of the readiness of the brand to ensure that such scenario never happens.
One key point of the exchange is the presence of the central node and such ensures that users don't require the need of intermediary when it comes to connection. Key issues have been stated by the team and they promised an innovative platform to the community that allowsusers to trade in a peer-to-peer network, records transaction and provides confirmation in order to maintain secure connection on CRYPTOA but the sustenance can be determined by time itself.
To have a look at the platform, do click on the link below and try out the features
