Reality overview
Today, with the development of Blockchain technology, many decentralized exchange/trading floor (DEX) are being developed. But perhaps, it is something of the future, when people can use electronic money in daily exchanges. At present, cryotocurrency is still considered as a digital asset and has low liquidity, so the need to trade between them and more stable currencies (FIAT money) is necessary. This is not supported in DEX. So far, the CEX is still dominant. Here are the top 10 trading floors:
As you can see, they are all centralized trading floors. And today I will introduce a new trading floor - Nebula Exchange. And I will clarify this platform in the next sections of this article.
Why does Nebula Exchange choose CEX?
Most crypto trading platforms are centralized. This means that there is a reliable intermediary responsible for the safety and control of the platform. Just like a bank, investors are offered centralized trading floors with the control of their digital money. By doing so, investors give access to the wallet to third parties and get rid of the burden of controlling 100% of their own money. This is good for investors when they are offered a degree of protection and peace of mind that they would not have had if they were independent. There is news about people losing money because of loss of private keys. The centralized trading platform prevent this from happening.
The centralized trading floor provides investors with easy access to their capital. If they forget or lose their password, after performing the necessary verification, the trading platform can help them regain access to the account. This is like with banks, if you lose your debit card, you simply request a new card after conducting the identity verification.
Transaction processing is relatively short. This is the number one reason explain why most people use the centralized trading platform. To create a new block, each Bitcoin transaction needs to be validated in the blockchain. Because of the security algorithm, a transaction requires at least 6 blocks to be validated. Since each new bitcoin block takes about 10 minutes to create, so it takes at least 1 hour before any transactions can be confirmed. With CEX technology, traders trust a third-party technology with their money to benefit from intra-wire transfers made within seconds. In addition, centralized exchange can support fiat payments, which is the advantage that decentralized platforms do not have.
Trading floors also provide stability to the market and allow investors to buy and sell their assets at a stable price. This is due to the large volume of tokens they hold that help stabilize the market and allow investors to trade tokens relatively easily.
Nebula Exchange is even better than that
A great mission is the Nebula Exchange will support the small altcoins not afford to appear on the exchange, the opportunity listed on its platform, for a small fee. The transaction speed in the platform can reach 1 million transactions per second. This is an ideal speed to ensure fast transactions as well as avoid congestion. In addition, it has a professional interface provided by Trading View. Will be available on both desktop and mobile applications. This will enhance the user experience with professional graphics but is also very easy to use. However, the KYC verification process will be somewhat complex as this is a centralized platform.
Great features of Nebula Exchange:
- Security: For centralized trading platforms, security is a big concern. Here, this issue will be resolved. It can be said that the system will be protected from DDoS attacks by the Cloudflare service, actions such as login or withdrawal will be protected by 2-factor authentication, combining Multi Signature Hot and Cold Wallets to protect user's asset, smart contracts are always checked to avoid bugs and have a team of leading experts perform security testing functions.
- Reputation system: Nebula Exchange will have functions to evaluate projects like when you evaluate a product when shopping online. The purpose of this is to eliminate scam projects and promote good projects to the community. This is very useful for beginners as they stand in the midst of hundreds of project to make investment decisions.
- Referral Programs: You can introduce newbies using the platform. About 50% of the transaction fee will be reduced when trading in the same currency. There will be no quantity limit for this program.
- Multi-currency trading: By liberating Nebula Exchange's escrow Trading, it allows you to trade on about 10 different pairs. The platform also supports secure token transaction. You can trade in multiple currencies including fiat and cryptocurrencies.
Useful links
Website: https://nebula.exchange
Whitepaper: https://nebula.exchange/wp-content/uploads/2018/04/Nebula-Exchange-Whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=4583321
Telegram: http://t.me/nebulaexchange
Facebook: https://www.facebook.com/Nebula.exchange
Twitter: https://twitter.com/Nebula_Exchange
Author:
Bitcointalk username: kld_hp
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1014734