The cryptocurrency market and so the blockchain business has full-grown multiple folds inside the past five years. From being the loser of the money business, it's bit by bit created its technique right to the centre of it and become a extremely necessary purpose. The adoption of the technology and so the coins as a mode of dealing is on Associate in Nursing all time high owing to that almost all exchanges area unit reaching their peaks.The exchanges that presently exist area unit reaching their peaks with the increasing volume of people on the network and area unit unable to match up to the demand. owing to that, the managements of these exchanges and so the varsity teams area unit beneath tremendous amount of pressure, that in turn finishes up in corners being cut. one all told the foremost common trade offs inside the exchange system is that the one between security and user experience; every of that area unit imperative.Working on and corrective the strain points of the presently functioning exchanges, a team of intimate professionals from Taiwan have created Associate in Nursing exchange called DINNGO. The exchange boasts of getting the flexibility to do to to higher what has been wrapped till presently.
Dinngo- the mobile digital currency exchange
DINNGO is also a blockchain business startup based out of Taiwan and Singapore. the company is presently in its pre-sale section and is mechanical device up for its initial ICO spherical regular to happen shortly. the company includes of people World Health Organization have immense experience at intervals the money sector, blockchain sector and cryptography severally. The founder and jointly this corporate executive of the company is Hsuan-Ting Chu.DINNGO is really a mobile digital currency exchange that works on ameliorative the strain points that area unit featured by the standard shopper at intervals the business. it is the primary mobile exchange that has successfully established a ballroom dancing verification system between cold wallets and their individual mobile devices.To understand what DINNGO is making an attempt to comprehend, it's a necessity to know the strain points the company is grappling through their exchange. other than the plain problems caused by the dearth there of measurability of blockchains, exchanges at intervals the market presently face three main problems;
SafetyTransaction TimesUser Experience and Wallet Interface
These three area unit the produce and break of any exchange and area unit areas that every one exchanges inside the market should be compelled to figure on. DINNGO has come up with innovative work-arounds in their exchange’s model, that leverage these shortcomings and makes them their exchange’s USP.
Features of the dinngo exchange
SafetyThe Problem
The biggest stress points of the trade and market as a full is that the lack of safety. Hacks and platform breaches are getting additional prevailing and cause a loss of plenty of individual assets and funds. Most exchanges within the market provide pocketbook services together with their platforms, that are heavily availed by users. They kind protea like opportunities that are terribly engaging for hackers.The reason exchanges are targeted repeatedly is as a result of tho' they're a part of a ‘decentralised’ system, they inevitably become a ‘centralised’ purpose of access. And one breach will mean a heist to the tune of millions.A very subscribed-to work around to the potential threat of hacking are cold storage techniques. the utilization of cold storage/wallets bring the chance of vulnerability down drastically. however the trade off the buyer should be okay with is that the lack of integration between exchanges and cold storage hardware.Another major downside the market is fighting with is centralisation. the explanation the cryptocurrency market took-off is thanks to the shortage of trust in banks and established money establishments. And exchanges, additional or less, are centralised bank-like environments, that primarily management the storage of a user’s digital assets.
The Solution
To solve these multiple queries of safety and problems, DINNGO has come up with a viamedia answer that merely is additionally the way forward for several exchanges.To tackle the centralised management monopoly that the exchanges hold over the users among the community, DINNGO has come up with solely|the best} thanks to kind the user only liable for the holding of their assets. to achieve this, DINNGO has established integration with multiple cold storage case hardwares like; MetaMask, Trezor and Ledger and has in addition created its own cold storage answer. To tackle the cold storage integration problems with exchanges, DINNGO has managed to line up a social dancing verification methodology between the exchange, the mobile application and so the cold storage case itself.To tackle the bush issue, the exchange involves the users extra among the storage and easily primarily provide the platform. that brings down the prospect and so the want to hack the platform.
User experience
The Problem
The most common flaw of all exchanges is that the user experience is compromised on therefore on kind positive that the alternative areas aren’t. the foremost common trade off created among the exchange systems is that of the user experience vs safety. an excellent deal of well designed exchanges have low usability as a results of not enough attention was paid to the program and overall experience. Exchanges area unit either too tough to use or too basic. Too buggy or too serious.
The Solution
To tackle this explicit drawback, DINNGO has created a hybrid exchange that leans on centralisation whereas being preponderantly suburbanised. In doing therefore, it involves the user additional in its day to day, in terms of storage and has created them singly liable for their assets.To tackle the issue to use and access, DINNGO has created a lightweight mobile application that may be simply downloaded and is incredibly intuitive to use. The user expertise has been bettered by concentration on 3 areas; deep integration of cold storages, snart dealing matching engines and bespoken and tailor created mercantilism expertise.
Transaction Speeds
The Problem
Transaction speeds is also a sector that every one blockchains and cryptocurrencies have to be compelled to desperately work on. If the blockchain is to be the long run of the financial business, it's obscurity near able to wrestle the volumes that it's to. to begin with, dealing speeds unit of measurement very slow on most networks and at zero.5 its expected capacities, blockchains unit of measurement sheering below their current trade volumes.
The Solution
To tackle this notably pressing downside, the DINNGO exchange has developed a wise dealings matching engine. That has, on initial tests, brought down the time it takes for a dealings to be processed and completed. The engine matches the dealings almost-instantaneously. the important TPS rate of the network, however, can solely become obvious when the launch of the exchange.
Token Economics
The native token of the DINNGO exchange is termed DGO. The token could also be a really utility token, which will be used on the whole DINNGO platform and exchange. the company predicts that the foremost real use-case of the token is to pay the platform’s dealings fees. And to the merchants on the platform as Associate in Nursing accepted reasonably remuneration.The company has declared that the complete circulation of the coin is concerning 2 hundred million. this stipulated ration of Ethereum to DGO is 1:2,125. And buy-ins area unit expected to be in Ethereum only.
ICO Information
The company is presently in its pre-sale amount. And plenty of high-profile folks are expressing their interest in being behind this exchange project. the corporate is presently undergoing its personal pre-sale. And is almost seventieth oversubscribed out with giant investments from the famed plunger YK Chu, United Nations agency is additionally the director of the working capital firm Wisconsin instrumentalist.The actual public sale ICO is simply below a month away and is anticipated to start on the sixteenth of Gregorian calendar month and last a couple of month. The minimum buy-in that the corporate is acceptive is zero.1 ETH and therefore the DGO/Ethereum ration is alleged to be two,125:1.
The Verdict
It is imperative that exchanges within the market begin searching for solutions to the blockchain’s major issues which is precisely what DINNGO is doing. The options that DINNGO are functioning on (safety, integration and easy use) are places that the exchanges immediately are lacking in. and also the perfect execution of those concepts could be what sets the exchange except the remainder.The team behind the project are all terribly older professionals within the banking sector and also the blockchain business. thus if there's team which will pull this stuff off, it's this team. Overall, it's safe to mention that huge things are expected out of the team albeit company.
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Content writer
Mst.Taskurun Nesa
Bitcoin user Name :taskurun1998
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ETH :0xec494dEDdC6Fd29bD37716Ca3368f6D9f3556d45