DEEX Exchange: Enhancing Cryptocurrency Trading And Global Adoption.

thaddaeus(41)

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INTRODUCTION.
Cryptocurrency market has seen a great deal of remarkable changes over the past few years, the creation of the first blockchain and cryptocurrency in 2009 paved the way for a unique means of financial investment to be created. At first the public didn't take the blockchain concept serious due to how technical and complicated it seemed at the moment but we all know that no invention becomes successful at its first year of creation it should take some time to gain public adoption, and this is exactly what happened to the crypto space.

After years of introducing this special financial mechanism, it gradually began to get the attention of some genius and finance based professionals, it got studied and more work was done on it thereby better enhancing it, from having just a single blockchain and cryptocurrency, the crypto space is now filled with millions of cryptocurrencies/tokens and even highly advanced blockchains with greater benefits that the first blockchain couldn't provide. As the world progressed technologically, these technologies were implemented in enhancing the blockchain technology.

However, not only were blockchain enhanced and more cryptocurrencies came into view, technical experts supported by financial professionals came together to create awesome crypto/blockchain related services that will help in the further adoption of cryptocurrencies.
An example of such tool is a cryptocurrency exchange platform which is a great invention to the crypto space and it functions for the trading of these vast cryptocurrencies with another or converting it into fiat currency. The trading of cryptocurrency gives it the ability to maintain strong liquidity in the crypto market and that is a great advantage to investors in this field.

Although there are vast amounts of cryptocurrency exchange platforms probably up to hundreds or even more but they can all be grouped into two major kinds of exchanges.
An exchange is either Centralized or Decentralized.

An exchange is said to be centralized when all of the operations done on the platform is headed and controlled by one elected body, this "middle-man" as they are often called will be in charge of running the platform but charges for its services which is why in centralized exchange transaction/commission fee is exceedingly high. In a centralized exchange, user assets are stored on the platform and that gives cyber hackers to see it as an open, easy-to-hack platform, it is always a target for cyber hackers to commit fraud, but has great advantage in terms of flexibility, matching speed and providing strong liquidity.

A decentralized exchange is a kind whereby all of the services performed on the platform is completely autonomous that's why it charges low transaction fees and users are given he benefit to store their assets in a crypto cold wallet storage to which no hacker no matter how good he may be can never attack it, so, an exchange of this kind provides full security to user assets but faults in maintaining strong liquidity and slow matching speed.

It is clear now that these two kinds of exchanges are different in their own way but the decentralized exchange is better because of its security advantage and the problems affecting it can actually be improved unlike centralized exchange where the fault remains. In improving the decentralized exchange, the idea of DEEX was incepted, designed and now created and ready for use.
DEEX exchange is a decentralized one with all the advantages of the common decentralized exchanges but does not share in its disadvantages, it is well created to maintain strong liquidity and has an awesome transaction speed of 100,000 transaction per second.

I know what you just though of...what makes it unique and different from common decentralized exchanges?
Now, that is a good question I'll love to give an answer to.....

DEEX exchange platform is created or carved out from the Bitshares 2.0 platform which has unique capabilities, thus sharing it with DEEX exchange.
Bitshares 2.0 is a highly advanced, decentralized blockchain based platform which allows to create highly efficient financial smart contract for every aspect of economic activity that are used in global internet space to provide services and it has advantages and functions such as;

Performing 100,000 transaction per second
Low transaction fee.
Bitshares 2.0 makes use of Delegated Proof Of Stake (DPOS) concensus algorithm- which is the fastest, most flexible and lost efficient decentralized consensus model.
It is decentralized.
For corporate environments, dynamic accounts are allowed.
Verified users can profit from the referral rewards program.
You can create your own crypto asset and trade them.
You can buy and sell cryptocurrencies/tokens.

The advantages/functions outlined above are of the Bitshares 2.0 platform, but when a smart contract application is created from it, it also automatically shares these advantages and functions too with it and that is what makes DEEX exchange platform unique and still has its own advantages.