Bcnex, An Exchange Built On Blockchain Using Best Practices From High-Performance Application Development

Hi, Meet me again, I'm Syella, I will tell you about BCNEX, so check this out.

Digital assets and blockchain are having a major impact on the real economy. With the increasingly mainstream use of blockchain, existing solutions are increasingly limited. Current platforms can be grouped into 2 categories. Fiat exchanges and pure crypto exchanges. The disadvantage of fiat exchanges is that they are simplified in making them so they don't educate users. The disadvantage of pure crypto exchanges is that it is very difficult for new users to use because there are many things that are difficult to understand.

Our development focus is in the second category, pure crypto exchanges. Even though the number of pure crypto exchanges is still small, we believe that number will increase compared to the use of blockchain and cryptocurrencies which are getting bigger. We believe that these exchanges will play an important role in the world of economy. The solution we will offer is called: Bcnex.

Bcnex exchange is built on blockchain technology using best practices from high-performance application development. Application makers are also very experienced in finance. Each API function is checked first to test speed and reliability. The platform is also equipped with auto-scaling technologies.

Problems

The following are some of the problems that will be handled by Bcnex:

1. Weak technical architecture

Many exchanges employ expert developers who are very strong in the IT technical field but do not have the ability in the financial field. As a shortcut to paying cheap and making a lot of money, these exchanges still employ them. Although the platform can run, in fact, the platform will be disrupted if transaction traffic increases. Bcnex will solve this problem by applying for a great team that is both technical and financial.

2. Lack of security

Statistics show that hundreds of exchanges were closed due to attacks by criminals and viruses. In 2017 and 2018, there is a total loss of $ 882 Million due to lack of security. Bcnex is designed with high-security standards and difficult unauthorized access to the system.

3. Low market liquidity

The purpose of centralized exchanges is to achieve high liquidity, helping investors to trade, buy and sell decisions. However, this goal is not achieved more. With unpredictable financial results for investors, this can minimize transactions and make low market liquidity.

4. Poor customer service

There are many cases of poor customer services in the cryptocurrencies exchange platform. For example, the length of time for withdrawals, login issues, unanswered complaints, and non-existent documentation. Based on research, 52% of customers will not return to buy goods/services in stores/companies that serve poorly.

Solutions

The following are the solutions offered by Bcnex:

1. The BCOMS Order Matching System

BCOMS guarantees the buy and sell orders of the exchange is matching. This is a very important component to maintain proportion and precision on this platform. This system makes Bcnex the fastest exchange platform in the world.

2. Multi-layer security architecture

Bcnex has instilled the value of security since in mind. Therefore, Bcnex develops robust firewalls, anti-DoS tools, and multiple user alerts.

3. Solution to liquidity

The teams behind Bcnex have experience in the field of forex trading. They are used to dealing with liquidity and latency trading architecture problems. Interestingly, they always succeed in solving these problems. So, there is nothing to doubt about this team.

Tokens

The following is a detailed explanation of the BCNX Token:

Team

Roadmap

More Information Visit the link below: 

Website: https://www.bcnex.net/
Whitepaper: https://www.bcnex.net/docs/BCNEX_WP_ENG.pdf
Facebook: https://www.facebook.com/bcnex.net
Twitter: https://twitter.com/bcnex_net
Telegram: https://t.me/Bcnex_Official

Author: Syella.A
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1082840