INTRODUCTION
The activities of exchange in the crypto world has always involved the use of funds, some defaulters and fraudsters always lie in wait to steal the funds of some traders through the wa they trade or their information they collect in the process of trading. Many traders have unknowingly fallen into these traps set. This has caused some to become displeased with the system generally because they feel security is lacking which of course has been truly compromised. The solution to this is BDAM platform.
THE BDAM EXCHANGE PLATFORM
If security is the problem that is taking the toll on traders then bdam is the way out. The security issues that has lingered for long on the blockchain is submerged with BDAM's unique architecture in combining the uniqueness of the decentralized exchange and that of the old centralized exchange and consolidating it to form a new hybrid structure that cannot be rendered useless. Security analysts are also employed to make sure the security components of BDAM is not hacked or infilterated. It also uses some trusted third party security audit team that will be in charge of the pool proof of trading to be given to users in the ecosystem. By virtue of the provisions made by the team, the platform has met the standard of security and can now conveniently allow users to trade while encryption is done across the client's terminals.
Trading accounts in this platform have the assurance of 100% security especially for all the information uploaded in the ecosystem. The information served into the system is protected through technical safeguard measure, administrative measure and by using the physical measure that makes them indestructible either accidentally or by any form of unauthorized alteration. It cannot be misused as well because measures like password protection are in place and some other controls for authentication that only users or owners of the information can access.
SOME SECURITY PROTOCOLS OF BDAM
There is a 2 factor authentication protocol that won't let you access your account just by using password and username but a SMS verification that would be sent to the users phone to ensure they are the one who want to login and not another person with their account password. This 2FA protocol will also be used in the case of a withdrawal, I mean when you want to withdraw from your wallet, this is sure to hinder any unauthorized withdrawer by another person who has hacked into the password.
The other protocol in place for security is the secure web services. In this protocol, the exchange will provide a quality DDOS shielding for the host and that would behave as the firewall that will secure the encryption and the information used when using the web. It is impossible to get through this form of web security set to steal people's password.
CONCLUSION
Adding the order book of BDAM into a collective server pool will bring about liquidity. The collective pool will boost the liquidity of this platform if there is non. The outcome or result of this will be the fast completion of trades for all the traders in the network.
USEFUL LINKS
Website: https://www.bdam.co/index.html
Whitepaper: http://bdamcoin.com/bdam-whitepaper_april_2020.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5259527.new#new
Telegram: https://t.me/bdamcoin
Twitter: https://twitter.com/bdamcoin
Facebook: https://www.facebook.com/pg/BDAM-101978234917586
AUTHOR'S DETAIL
Bitcointalk Username: Ngoukan