In the past two years, there has been a proliferation of crypto exchanges due to the advent of cryptocurrency and the blockchain technology. There is still a phenomenon that is associated with the crypto market which has to do with down trending in the market since the first quarter of 2018 yet the crypto exchange is multiplying. I know may be the reason which is not far fetched that the crypto will soon take over the financial world. I was opportune to come across crypto exchange concept over the net few days ago whose idea is to make crypto exchange faster with low or no fees. I am talking about Daxico exchange with the website here: https://daxico.com/
There is the possibility in future that fiat money may not be needed any more and consequently no banks. Then the difficulty encountered by bank transfer of money will be eliminated and people will easily send fund to each other. Startups seeking for funds will easily do that through ICO. These are the beauty of crypto and blockchain technology.
Problem
Despite these various crypto exchanges, crypto enthusiasts are still faced with scalability problem which problem is limiting the mass adoption of crypto because other media like Visa and MasterCards are scaling faster than most of the crypto blockchains. The problems of scalability is a minus against all the good things that blockchain offers and here is where Daxico comes in to resolve this problem
Solution
When addressing the problem, Daxico wanted to build not just an exchange, but a single tool that could be used in the future to perform any financial operation without the use of the conventional fiat system. Here are the use cases Daxico will employ to achieve their concept.
- Storing assets (cryptocurrencies) of different types.
- Sending assets to another user.
- Accepting payments for goods or services.
- Investing in business via an ICO.
- Raising funds via an ICO.
- Trading assets with other users via an exchange.
Daxico decided to build not just an exchange, but a powerful tool that would perform different tasks for the users of crypto. The tool when fully developed will have these built-in components.
- The wallet
- The peer-to-peer payment system
- The exchange
By using, Daxico, one truly does not need to learn any other tool in order to take advantage of the crypto revolution!
Daxico will be built as a centralized exchange. This will be in opposition to decentralized exchange as in vogue now. Some can argue that decentralized exchanges are more secure. But, Daxico is of the opinion that the drawbacks of decentralized exchanges outweigh their advantages. Most importantly, decentralized exchanges are difficult to use for a regular person. They are also slow, more expensive, and typically do not support digital assets from more than one blockchain. In addition, there were multiple incidences of decentralized exchanges getting hacked, so their security is also questionable.
Security
In addition to building the most user-friendly cryptocurrency exchange, daxico also wanted to make it the most secure. Daxico can talk for a long time about what makes an exchange secure and what steps they took to ensure the security of the platform. There are layers in their system, each of which shields the users' funds from a potential attack. The requirement to make the system very secure has also affected the user experience. For example, Daxico does not have any outbound communication to its users via any unsecured channels such as email or telephone lines.
To perform two-factor authentication, Daxico uses code generator tools. Daxico currently support all code generators utilizing time-based one-time password protocol such as Google Authenticator, Authy, and others.
Daxico is in the market to raise fund through crowdfunding which started in January 2019 and will end soon. Daxico crypto exchange is revolutionary and innovative which makes it the much sought after crypto exchange with a lot of freebies here and there. Invest in Daxico exchange with its high potentiality of success. I will advise you have a look at their social media platform for more information on the ICO and other details.
Website: https://daxico.com
Twiiter: https://twitter.com/daxicoex
Telegram: https://t.me/daxicoex
Reddit: https://www.reddit.com/user/daxicoex
Authored By: https://bitcointalk.org/index.php?action=profile;u=1911488