OAX-Helps Users Build Trust and Confidence in Transactions

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Digital assets certainly do not have central control. At this time, we often get news or some reviews both in Medsos and other media that digital assets have become a topic that populersebagai subject and quickly became the subject of speculation, both retail and institutions who want to participate.

many individuals and organizations are wary of digital assets by seeing this volatility as evidence of the status of north-western assets - and recent stories about some cases of fraud, especially exchange fraud, and of course will strengthen perceptions. Another interesting result is that asset classes have attracted greater attention from regulators, with various regulatory bodies issuing statements about the need for better systems to provide protection to participant assets of crypto and a first step towards greater regulation will occur.

Momentum is being built, of course, to ensure further regulation such as taking the form of requirements to conform to basic standards and practices or even the requirement that exchanges are specifically licensed or registered.

The regulatory challenge facing the industry is at the forefront, OAX and its experienced work team are designing platforms with security and transparency from the outset. As we know in previous reviews that OAX bridges real-world assets with the blockchain market on a decentralized platform, combining a decentralized security system and visibility of exchange with centralized liquidity exchange.

The OAX platform will divide the fiat currency controls in transactions and provide additional protection against hacker attacks. In addition, the collateral level at the OAX gateway is transparent, enabling accurate risk management decisions. As open-source, the OAX work team encourages platform analysis by anyone, so potential vulnerabilities can be fixed across the OAX system. The features contained in OAX latform will help users build trust and confidence in transactions. As the digital asset market grows and attracts new entrants.

Keep in mind that one of the objectives of the OAX project is to create and maintain adequate liquidity to combine the best aspects of centralized and decentralized exchange. And one of the technologies that OAX uses is 0x.

The development of the OAX project is led by Enuma Technologies, one of the world's leading blockchain engineering firms. It also helps further application of Sprite technology applications. Sprite was originally developed by researchers at the University of Illinois at Urbana-Champaign to address the deficiencies in payment channels that limit the volume of transactions. One of the first real-world applications is an OAX project that will help increase transaction speed through the OAX platform and reduce the cost of collateral.

Enuma Technologies' involvement in OAX projects from the start and has expertise that includes a full blockchain spectrum. It has successfully designed and executed a number of high profile projects including blockchain and exchange asset platforms, as well as payment, identity, and security solutions for companies across the US, Europe and Asia. The Fund of the Ethereum Foundation is a strong support of her work.

some of these official videos will describe the OAX project
source : OAX Community