BIOKRIPT.... Future exchange platform for cryptocurrencies.

INTRODUCTION

A recent revelation claims that cryptocurrency exchanges are faking their trade activity to improve their positions in CoinMarketCap. 88% of the top 25 crypto exchanges are utilising so-called 'wash trading' to gain their market share, it has been determined.

Due to poor or nonexistent infrastructure, cryptocurrency exchanges have a history of security breaches and lost cash. According to the CoinMarketCap analysis, the current cryptocurrency exchange mechanism is especially vulnerable to attacks because fraud and scams are common in this sector.

That is impossible with Biokript since you control your own private keys and your money completely.

You have complete control over your cryptography and your private keys using Biokript. Poor customer care is another issue with today's cryptocurrency exchanges which Biokript is here to redress. You cannot make or lose money if you do not control your cryptographic keys, which prevents you from owning your cryptocurrency.

BIOKRIPT ECOSYSTEM

The network's operating costs will drop as a result of the state channels, which will also enable more data to be handled in real time.

Each participant in the state channel is aware of their liabilities, the assets that will be used to pay them, and the parties with whom they will be settling them. The participants will be forced to settle their differences when the state channel is closed, and this settlement is accomplished by an atomic, multi-chain, and multi-asset mechanism. As a result, transactions may be completed in real-time and are far more affordable, quick, and private than with standard blockchains.

BENEFICIAL FEATURES OF BIOKRIPT

The exchange for cryptocurrencies of the future is called Biokript. With state technology at the cutting edge, it will provide ultra-high-speed trade settlements, low fees, and enough liquidity at the lowest costs. It is an off-chain Web3 solution with nearly instantaneous transactions. As a result, obtaining the appropriate licences for the money and tokens used on the Biokript network will be significantly simpler.

In terms of latency, Biokript is the location with the lowest latency worldwide.
With latency of 10–50 ms, Biokript will be light years ahead of centralised exchanges, which have latency of 50–450 ms, and decentralised exchanges, which have latency of 30–120 ms.

Since its business, data centres, and chains are really decentralised, Biokript serves as an alternative to CEXs and DEXs. Off-chain assets can be kept in cold wallets and traded for very little money thanks to layer-3 virtualization technology from Biokript.

The Biokript uses blockchain for all of its transactions, thus everything is secure.

Unlike centralised exchanges, where everything is kept on a single server without any accountability or transparency, decentralised exchanges are open to inspection and transparent.

CONCLUSION

Exchanges for cryptocurrencies that are centralised are ineffective and unsafe. The largest cryptocurrency exchanges are still at risk from hackers, and they will remain their primary target. Even if hackers are not the issue, a small group of people are in charge of handling billions of dollars. That alone might be disastrous. In the event that Coinbase or Binance go out of business, users' money is not protected. Everyone who has access to the exchange's private keys could perish in a single plane crash, in a war, or in some other unforeseeable catastrophe.

"Our distinctive business structure will highlight that fact. The demand will increase as a result of our profit distribution and next-generation trading platform. Numerous traders from the Islamic world will be drawn to our token burn, which is correlated with price growth, and our Shariah-compliant trading platform. An exponential spike in prices will result from the interaction of all of those systems.

Useful Links:
Website: https://bit.ly/biokript
Telegram: https://t.me/biokript
Twitter: http://www.twitter.com/biokript
Facebook: http://www.facebook.com/biokript
Instagram: http://www.instagram.com/biokript
Reddit: https://www.reddit.com/user/_Biokript
Whitepaper: https://www.biokript.com/whitepaper

Blogger Details:
Bitcointalk username: Mandyama
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=3525447
Proof of authorization: https://bitcointalk.org/index.php?topic=5420377.msg61518550#msg61518550
ETH Address: 0x5279E8cE17FE2232FA631135ECf1B95D3a153eaF