It's fascinating the way digital assets are now a thing of major benefits to the mass now, we all know know how the Blockchain have turned the phase of the world around emerging from this are digital currency with each having it's own use and operational line....
We go all day long talking about how useful and beneficial these digital assets are, we can't seem to keep quiet about it but there is always a weak point to every good thing,
The Digital Assets market as we know it has lots of problems when we talk about security wise, accompanied with the issue of volatility and price fluctuations entangled with the lack of transparency..... This brings us to project we gonna be looking at in this post
The Daex Project.
Looking at the Blockchain based cryptocurrency market, we can't deny the fact that there is a lack of clear boundaries, transparency and security which tends to put the market participants in a vulnerable state open to malicious attacks, theft and security issues and these attacks are becoming rampant, these only shows a clear evidence about the issue of the security of the market.
Overview Of The Deax Project.
The Daex Project came up with a clearing mechanism for digital assets across multiple digital asset exchanges.
The market requires a clearing solution that will provide a safe and reliable services for all any and all types of digital asset activities and must include the ability to use such assets across over multiple platforms.
In the run to achieve this goal, the required clearing solution should be embedded in a digital asset wallet based on the #Blockchain technology
The wallet would not only serve as as a clearing solution but also provide additional functionality that can be used in digital asset trading.
Design
Daex aim is to create a digital asset clearing ecosystem using a multi-asset blockchain-based clearing protocol, this will enable the ecosystem decouple transactions, authenticate token-bases transaction and structure the transaction process in unique way.
This will give birth to safer transaction, effective and efficient distributed registration.
Daex Wallet.
The Deax wallet is designed in such a way that allows it to meet the needs of both the business and individual users when its focused on digital assets. It has a proof of identity which serves as an authentication mechanism that allows users access to every exchange in the #Deax ecosystem flawlessly.
Holders of digital assets often their assets on previous digital assets wallet due to moving of data from one device to another such as installing and re-installing applications there by leading to forgotten private keys.
Daex wallet uses a multilayer defence system which protects digital assets from different angles simultaneously which consists of mobile security defense mechanisms, secure key management, multi-factor authentication and protecting against malicious user behavior
The #Daex wallet is designed in such a way that makes it user friendly with lots of features.
Winding Up.
The #Daex project aims on the issue if security in the blockchain based digital asset market, and putting in work to conquer with a great team in place making efforts to achieve the set goal.
Journey
Q2 2018:
Overall design of the clearing ecosystem,
including the ASPoS consensus mechanism
Q3 2018:
Clearing Value Factor (CVF) and wallet solution
based on a trusted computing environment
Q4 2018:
DAEX Fund report, token plan (clearing-asmining),
node deployment and governance
model
The Team Behind
To know more about The #Daex Project... proceed with the links below
Daex Web
Daex Twitter
Daex Telegram
Daex Ann
Daex Paper
Author: Tolad Noah
[Twitter]https://mobile.twitter.com/crypticalnoah)
Telegram
Facebook
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