The centralised system model of transaction was the most widely known and also conversant means of payment. This centralised system however has it's challenges which triggered the need for a possible solution to the problem. In the centralised system of transaction, all the decisions taken there, are made by one particular body and the decision taken will then serve as the basis for general operation for participants.
Also, the centralised model of transaction comprises of risks associated with it which includes; security issues, unfair competition, danger of sanction, political risks.
The volume or recorded number of transactions done using cryptocurrency according to a study in 2017 is said to be on the increase and it is said to be even higher than what it is now if the necessary and adequate models are put in place. With all these been said, there was however need to create a platform which will help address the risks of the centralised system while also providing a more efficient and better platform for a more better and excellent user experience and this is where the basis of the DEEX EXCHANGE PLATFORM dwells on.
INTRODUCING THE DEEX EXCHANGE PLATFORM
Centralised exchanges according to numerous reasons have been said to be becoming more popular by the day, and this is due to the fact that they present or better still offer users or customers with a ready and also wide range of functionality which has been accumulated as a result of numerous years of practice. A centralised exchange basically dwells around a central body taking or making decisions concerning a whole platform and the roles or activities of the participants depends on the decisions taken.
But Nevertheless, the centralised exchange is said to have only one major hindrance or setback which is the fact that the system is centralised. And this is where the DEEX platform draws it's basic operating model.
DEEX is a platform which has been proven to have the ideal potentials to basically transform from a highly efficient cryptocurrency exchange setting to a more global financial ecosystem which can live effectively in two basic worlds which is basically the traditional and the digital world and in the same sense phasing out the line between or separating the two different worlds. The basic functionality of the deex platform is the fact that it operates on the most modern blockchain platform which is Bitshares 2.0. In the early stages, the platform will use the already made engine of the Bitshares exchange and in the second stage or tier of the platform, it will be connected with the creation of it's own engine for the deex platform on the graphene platform with it's own nodes as well as a global cryptocurrency which is similar to the BTS.
MAJOR ADVANTAGES OF USING THE DEEX PLATFORM (BitShares 2.0).
I. HIGH PERFORMANCE TOGETHER WITH LOW COST DURING TRANSACTIONS. With the deex platform, the BitShares 2.0 will enable for proper data processing allowing speed up to 100, 000 transaction in a second. As well as help lower cost acquired in the course of carrying out the transaction.
II. DECENTRALISATION: The essence of decentralisation is to offer a very high level of stability as well as security in case of any accident or failures in terms cyber attacks by intruders. Attack on a centralised exchange affects every other sector of the platform, but in a decentralised setting, an attack on the decentralised exchange affects only the attacked sector and this is what the deex platform promises to offer.
III. THE TRANSFERABLE NAMED ACCOUNTS; The use of the natural words is to aid in indicating the account's name instead of the proper long as well as non memorable characters as done in the bitcoin network.
IV. THE REWARDS PROGRAM; this helps to stimulates the involvement of new participants by the already existing participants rewarding or paying them an appropriate renumeration ( reward for a work done). And this is also another important model which the deex platform promises to incorporate into it's system.
KEY ADVANTAGES OF USING THE DEEX PLATFORM
I. It offers a desktop app for trading purposes.
II. It provides a convenient GUI which us comlactible with most of the modern browsers.
III. It offers a 24 hours support in terms of technical related issues.
IV. The deex platform will offer a large number of trading pairs in their exchange system.
V. The deex platform will incorporate a trading robot which will play role in assisting participants while trading in the platform.
THE DEEX.CORE:
the deex.core is basically taken to be the principal token which will pilot all activities of the Deex exchange platform and also will serve as the platforms major internal currency which will aid in carrying out settlement as well as payment related terms on the deex platform.
TO KNOW MORE ABOUT THE DEEX EXCHANGE PLATFORM
Join the Telegram Group: https://t.me/deex_exchange
Follow on Facebook: https://www.facebook.com/groups/deex.exchange
https://www.facebook.com/deex.exchange/
Follow on Twitter: https://twitter.com/deex_exchange
Follow on LinkedIn: https://www.linkedin.com/company/deex-exchange
Subscribe on YouTube: https://www.youtube.com/channel/UC5oYUk9QC4kbM5ZBpodOUcQ
Website: https://www.deex.exchange
Whitepaper: https://www.deex.com/docs/DEEX_wp-2.0_eng.pdf
Writer's Bitcointalk Username: Musekay
Writer's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2070957