PAIN POINT: CURRENCY AND DIGITAL ASSET EXCHANGES

1. Security Breaches

Hackers are evolving faster than technology, people are aware that data breaches and loss of funds are becoming more frequent due to cyber-attacks.

2. Program Bugs

Simple bugs can lead to the user having to pay the higher taker fee instead of the maker fee, transactions that aren’t recorded properly in the ledger or larger bugs can also lead to temporary trading stops.

3. Bank Run

It is common practice for traditional exchanges to keep fractional reserves. Similar to a bank run on a traditional bank. With more and more people withdrawing from an exchange the likelihood of the business actually becoming insolvent increases.

INTRODUCING EXCHANGE 2.0

An exchange is a business that has the legal right to exchange one currency and/or digital assets for another to its customers. To safeguard customers’ assets, banks and other industry players that offer exchange services online are most keen to apply decentralized ledger technologies.

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