INTRODUCTION
Cryptocurrency exchanges have seen a rapid increase in number in recent times as opposed to the early days of cryptocurrency. They are an integral function of the cryptocurrency space. They enable the trading of digital assets in various pairs. Most exchanges offer one or more feature over another. But in reality, it is a real challenge finding a trustworthy exchange to use. Stories about cryptocurrency exchanges hacks and attacks are common now. Then, there is the issue of downtime when updates or system upgrades are done.
BTSE PLATFORM
BTSE (pronounced “bitsie”) is a virtual currency trading platform. It enables multicurrency spot and futures trading which can be done effectively and securely. BTSE is an exciting exchange platform which has the potential to become one of the leading cryptocurrency exchanges in the world. This is because BTSE was not was not just built to add one more cryptocurrency exchange to the blockchain sphere. It was built with a vision birthed by a team of elite professionals with solid industry backing and experience (Having worked with the likes of Goldman Sachs, IBM, Cisco amongst others). They made in-depth research on the workings of cryptocurrency exchanges to see how to optimize the experience for users. They noticed some shortcomings on various platforms which could be worked on to create the ultimate
experience for users. Amongst the shortcomings discovered were:
- Inefficient UI (User Interface).
- Restriction to trading cryptocurrency only.
- Unreliable services due to downtime and overload.
These factors make cryptocurrency trading more stressful for traders. In this article I will be highlighting some features of the BTSE I find most appealing after doing a considerable amount of research on them.
1. STATE OF THE ART CYBER SECURITY
Personally, I hold the notion that optimal platform security should be the prime feature and strongpoint of a cryptocurrency exchange. A cryptocurrency exchange should be very secure so it is not easily susceptible to hacks. This would give it credibility and users’ trust. The top cryptocurrency exchanges today are the ones known to be the most secure; where funds are always SAFU(Safe As F★★★).
This is what makes me very optimistic that BTSE would climb straight through the ranks of the reputable cryptocurrency exchanges leaderboard. BTSE does regular engagement with penetration and cyber security testers as part of an ongoing system wide security audit. This is done so as to ascertain how solid the exchange’s security is and how resistant it would be to hacks and DDoS attacks.
Additionally, as opposed to the norm of employing cloud services for operations. BTSE makes use of single tenant servers collocated in a safe location with 24/7 DDoS protection and a state of the art firewall. These afford flexibility to customize hardware and define the system’s architecture for enhanced performance.
Finally, data is distributed across multiple data centers rather than one location and this gives it
additional protection and site reliability.
2. LIQUID NETWORK PARTNERSHIP
The liquid network is a sidechain based settlement network for traders and exchanges enabling faster, more confidential bitcoin transactions and issuance of digital assets. Its other features include secure trading and rapid assets transfer. BTSE will be partnering with liquid network and would be one of the first exchanges to integrate liquid USDT for deposits and withdrawals.
WHY THIS PARTNERSHIP?
The liquid network solves the problem of speed. With the original bitcoin network, long block confirmation times has proved a challenge to algorithmic traders but the liquid network solves that problem with its quicker confirmation times. This will be a boost to the BTSE ecosystem. The transactional speed of the BTSE network will be faster due to the underlying liquid network integration.
Arbitrage traders would be delighted. Imagine discovering an arbitrage opportunity and they are able to exploit it without any hitches due to delayed transactions or slow speed. This would make BTSE one of the most sought after exchanges.
3. HIGH SPEED MATCHING ENGINE
This feature enables the BTSE platform to process a whooping two million transactions per second. A tremendous feat! Evidently, the network cannot be overloaded or congested. This would be really appealing to futures traders who have had scary experiences with liquidation due to system overload.
These ones have lost vast amounts of money because they could not submit their orders in time and they got liquidated in the end. Like I highlighted in the beginning of this article, the BTSE weighed in on these anomalies so as to create the ideal trading experience for cryptocurrency traders.
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The world is gradually warming up to the blockchain age. More and more persons are introduced to it on a daily basis. To avoid making grave mistakes on this path, they need as much enlightenment and knowledge as they can acquire. BTSE will have a learning platform targeted at introducing novice and intermediate traders to complex trading terms, concepts and strategies. There will be courses on blockchain technology, cryptography, economics, online security and finance. It will be a standard educational platform and the ideal starting point for anyone wanting to come into the blockchain and fintech space. So these are my convictions for my trust in BTSE.
I cannot wait for it to become fully functional. For more information, visit the links below.
BTSE Website
BTSE Blog
BTSE Facebook
BTSE Twitter
BTSE Linkedin
BTSE Reddit
BTSE Telegram
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