INTRODUCTION
Considering the centralized structure of traditional financial industry,users are not only dissatisfied with transactions but are also exploited in various ways. By vesting the total control and management of funds in a particular organisation within the financial industry, it is difficult for fund owners and investors to make benefits from their investments on these platforms.
For instance, in the traditional banking system where the control of individual's funds and any other transaction rests in the hands of the bank instead of the users, consequently, there is a complete reliance on these banks,market disequilibrium and unnecessary rigmaroles when executing transactions.
Fortunately, the introduction of the blockchain infrastructure which fosters a trustless, permissionless, transparent and more importantly decentralized approach of carrying out tasks has exposed the global population to an alternative financial approach called DeFi.
The idea of Decentralized Finance (DeFi) is mainly to make participants in the financial industry assume control of their funds and be able to dictate and execute transactions without requiring an intermediary. Its operations revolves around the use of cryptocurrency(virtual form of money) for transactions in place of fiat.
However, transacting with these cryptocurrency or digital tokens which is basically done through electronic transfers has become quite difficult, owing to the fact that many exchanges (crypto trading platforms) just like traditional banks are centralized, the decentralized ones on the other hand have interoperability issues,requires high fees,consumption of energy,low transaction throughput and a few others. In order to address these issues, let's introduce DRAKEN EXCHANGE.
EXPLAINING DRAKEN EXCHANGE?
This is a decentralized cryptocurrency trading platform designed with current inventive technological tools to properly solve the problems of DEXs and drive the adoption of DeFi farther.
DRAKEN exchange is built around a high performance blockchain structure called DRK chain,it also possesses up to 5000tps of transaction speed,its major focus is on privacy and portability of the network, and this it intends to achieve by integrating innovative tools in storage, data science,oracle and fiat payment to create a totally on-chain financial ecosystem.
These platform solves the interoperability problems,liquidity issues,lack of fund,platform insecurity,high transaction fees,highly complex Dapps,energy consumption,platform lock - in and others which have threatened the adoption of DeFi around the globe and give users satisfaction as they trade and exchange their digital tokens.
Let's look at a few important features of DRAKEN cross-chain decentralized exchange.
INTRIGUING FEATURES OF DRAKEN EXCHANGE
USABILITY
Participants are only required to log in to the exchange by simply connecting their wallets(via metamask,trust wallet or other Dapp browser).There is no need to switch between different blockchain while trading on the platform
SAFETY
All funds deposited on the exchange are safely stored. User's cryptocurrency wallet addresses are generated from the participant's logged in wallet signature and the private key of your Dex wallet address only made accessible to you,as other parties and even the Dex creators are restricted from it.
CROSS CHAIN
With DRAKEN, users can conveniently trade between cryptocurrencies seamlessly on any blockchain network of their choice(bitcoin, Etherum,From)
DECENTRALIZED APPLICATIONS
The DRAKEN Dex is also incorporated with future dapps including Drkompound, DRKswap, DRKinsurance etc.
All of these features, among many others, sets Draken apart and makes them superior to other exchanges, in turn making the trade in digital currencies to be efficient.
CONCLUSION
For every cryptocurrency enthusiast and traders within the ecosystem, the DRAKEN DEX is equipped to maximize user's experience and help them make more returns from their trades and investments.
It proffers a secure transaction platform, easy to use interface and promises Dapps which could facilitate the mass adoption of DeFi. Moreover, with its cross chain structure, users can conveniently trade between cryptocurrencies on blockchain networks of their choice.
Official Resources :
Official Website: https://draken.tech/
Whitepaper: http://bit.ly/DRKpaper
Telegram: https://t.me/Drakentech
Facebook: https://www.facebook.com/DRKDEX
Twitter : https://twitter.com/DRKDeFi
Medium: https://medium.com/@DRKDeFi
About the author :
Bitcointalk Username: Deeshawn
Bitcointalk Profile url: https://bitcointalk.org/index.php?action=profile;u=2189852;