Epiphany – The Dawning of a New Trading System

From time immemorial, when man discovered his inadequacy and insatiable needs, he also found the need to trade. The uneven distribution of talents, and resources further strengthened this need. Hence the birth of the trading system. Trading has undergone extensive evolution from the basic barter system employed by the early man to the now very complex systems being epitomized in our everyday business systems. And with time, trading has also become an integral part of our living. Man would always need something he doesn’t possess. Hence, man would always have to indulge in trade.

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The significance of this industry cannot be over emphasised. The role it plays has been largely instrumental to the growth and expansion of economies as a whole. Aiding of currency flow is one huge contribution it brings to the table. Trading ensures that everyone gets to have their needs satisfied. Whilst the current trading systems are hugely dependent on rather imperfect centralised model systems, the advent of the new digital currency platforms provides room for a disruptive decentralization approach. This would aim to empower everyday users into having parallel access and control of the system, instead of just limiting it to some unfair “super powers” erstwhile in charge. A decentralization of the system underpinning the blockchain technology would eliminate the monopoly factor as well as open up the system to a free and fair easy-to-access transparent system.

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Electronic Financial Systems: Introduction and Subsequent Challenges
Evolution of industrial and financial systems has reached an all-time high. This is evident in the introduction of the electronic- based system of operations. With the industrial revolution, came the electronic cryptocurrency as a by-product. Overlying the cryptographic system, the cryptocurrency platforms proved a new system of trading in which financial institutions didn’t have to be actively involved in transactions of people. It took away the monopoly of third party financial blocks.
Despite its widely celebrated status as an industrial salvation, the current cryptocurrency system is riddled with various issues. This can clearly be attributed to the centralization system being implemented by these platforms. Whilst eliminating monopoly and control of financial institutions, these crypto-based platforms introduced their own form of monopoly and control.

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These platforms lack the needed transparency of process, as investors are left with just their trust in these sites. Hence, they are usually unable to meticulously monitor and track the way their funds are being employed in various investment activities.
The centralized system gives room for investors’ funds to be stolen from or by the exchange platforms. This is due to the fact that private keys are usually in the possession of the platforms. These keys are the authorization signets for all transaction activities. Withholding such a significant item would imply a possibility of fishy activities taking place without the knowledge of the innocent trader. These sort of systems do not have underlying algorithms strong enough to withstand hacks.
Also, these platforms have failed to abide by policies implemented by financial regulatory bodies. They blatantly ignore these policies and go ahead to do as they deem fit. Defiance to regulations put in place by governmental parastatals could imply legal action and possibly a total shutdown. Users operating n such platforms thus do not have any form of safety insurance over their dealings to the defiant activities of the platforms upon which they trade.

Through their KYC attempts, various platforms have inadvertently leaked user information to third party institutions and companies. This is disastrous, as if this information come into the wrong hands, a lot of damage could be wrecked.

Solutions: The Appearance of the Epiphany

Coupled with implementing the blockchain technology, the Epiphany is to attempt to decentralize the already existing system which has been proven to be faulty. Information would no longer be withheld as was experienced with the centralized system. Epiphany ensures a level playing field for all users within the ecosystem.
The Epiphany ecosystem as makes use of the Smart Contract system which is a new innovative form of operating system that enhances the transparency of the entire system. With this system, there would be no need for a third party to control any part of the transactions. The smart contract would be an automated system that helps the system run itself. Authentications are carried out and if investors fail to meet up to end of their own bargain, the smart contract halts approval of transactions. Possible fraudulent activities are checkmated by this smart contract system.
As opposed to the shady systems employed by the earlier platforms, backups would be implemented. This would be made possible through strict compliance with regulatory policies. Thus licence must be obtained in all home countries of situation.

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Transaction speeds would be boosted through the smart contract system and the decentralized nature of the system. Transactions would not be singularly controlled by one single computer system any more.

Team and Advisors
The top management team include a set of individuals with years of experience under their belts. They include: Mark Ren (CEO), Nero Chen (Product Director), Nicole Wan (B. D. Director), Erwin Si (Planning Director).
Technical Team include Jagger Yu (Blockchain Engineer), Jerry (Java Engineer) and Benjamin Zhang (Blockchain Development Engineer). These represent highly experienced men in the field of top programming and blockchain mining.

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Conclusion
It is undeniable that the Epiphany platform would climb to attain a superiority status due to its deliberately carved out innovative edges. With the easy and safe transaction offer underpinned by the NEO Blockchain technology, there stands no equal. Nodes are actively implemented to ensure careful validation of all transactions. Thus, the platform has been made to be both remedial and preventive of any future possible fraudulent attack.

Useful links

WEBSITE: https://epnex.io

WHITEPAPER: https://epnex.io/static/Epiphany%20Whitepaper.pdf

ANN THREAD: https://bitcointalk.org/index.php?topic=3955029.0

TELEGRAM: https://t.me/epnex

FACEBOOK: https://www.facebook.com/EPNex.io/

TWITTER: https://twitter.com/EPNex

LINKEDIN: https://www.linkedin.com/company/epnex/

MEDIUM: https://medium.com/@epnex

REDDIT: https://www.reddit.com/r/EPNex/

WRITER: ambition1

BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1797812;sa=forumProfile