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DCDex: Trade With High TPS and Protection of Real Assets
Bitcoinist | Dec 11, 2019 | 04:14
There are currently at least 300 digital asset exchanges around the world, and they have become the main venue for global users’ digital asset transactions. But even the most powerful and famous exchanges cannot escape the hackers to attack and even steal the funds. These examples are not uncommon.
In December 2018, Gerald Cotten, founder and CEO of the Canadian exchange QuadrigaCX passed away in India. The private key of the platform has disappeared because of his death and the client funds were locked. Although the technicians successfully entered after several rescues, they found that the cold wallet of the exchange was empty. Although a centralized exchange (CEX) is convenient, there are some disadvantages such as over-centralized management, dependence on individuals and vulnerability to be attacked.
The situation that centralized exchanges cannot achieve must be achieved through a decentralized exchange (DEX). In order to echo the characteristics of decentralization, decentralized exchanges are no longer built on a collective system but on a decentralized blockchain. In addition to moving the exchange to the blockchain, the users’ order book, ledger and the settlement procedures will be carried out on the blockchain. The users’ assets and private keys are controlled in their own hands. Although speed and function are not as good as centralized exchange, the decentralized exchange can provide extremely high security and transparency and the chance of being successfully attacked by people is greatly reduced.
As a brand-new decentralized exchange, DCDex is determined to get rid of the problem that most DEXs have relied too much on the Ethereum public blockchain. DCDex uses the SWAP public blockchain to greatly increase the transaction speed. In addition, the security technology provided by DCDex, including multiple authentication, hot and cold wallets, threshold signatures, etc., also greatly improves the security of the exchange. Active market flow and the provision of high-quality assets are the keys to the success of the exchange. Therefore, DCDex cooperates with stakeholders such as SWAP Fintech Global Limited and GV Media PLC, a film and entertainment investment company. Through “Asset Unitize Offering” (AUO) model, it introduces high-quality assets, as well as film token trading on DCDex.
Decentralized exchanges will become the future trend. DCDex will be the main player and actively participate in online and offline promotion activities, including setting booths in Hong Kong Fintech Week and Fintech Taipei with partner SWAP Fintech. They together demonstrate a strong digital assets allocation ecosystem to the investors, project owners, service providers and general public. DCDex has begun public beta on November 15th which film tokens for two films, G Storm and Fox Hunt will be available. After public beta, DCDex will officially launch in the first quarter of 2020.
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