Improving The Cryptocurrency Sphere Through Creation of a Much Safer Exchange

goz (34)in #blockchain • 6 years ago

Before now OTC was the only obtainable means of financial transactions, but in light of recent technological advancements we now have better alternatives. As far as modern day value exchange and transfer is concerned, the internet and blockchain are the major culprits.

Formerly, individuals had to rely on a third-party which included but was not restricted to commercial banks and stockbrokers in other to participate in the business market. With time, it became obvious that such indirect involvement was doing more harm to the earlier mentioned class than good, benefitting the third-parties more. Some of such bottlenecks are exploitation of client's lack of market technical know-how, bad deals, wrong price discovery, amongst many others.

Although, the traditional centralized business model is still very much in play and in fact, yet the commonest, blockchain technology shows a lot of promise. And, hopefully in the near future, it would totally revamp the industry. In light of this, a concise review of Onam)- a user-friendly, cryptocurrency exchange platform is compelling.

What is Onam)?

Onam is an exchange platform that reinforces absolute decentralisation thereby eliminating any possibility of user exploitation. Its especially different from existing exchanges because of its an advance.

Interestingly, the platform comes with a lot of features that would be especially beneficial to all users.

Risk Control & Trade Surveillance

Of course, there is no venture or trade deal that does not come some with level of exposure, in other words, risk. But its more comforting when one knows that certain security measures is already place to protect their trades and investments just in case things go south.
Onam is fully aware of this and is dedicated to making this impression a reality. Beyond that, the team is interested in ensuring that top level security is one of the foremost things that the platform is known for. For this reason, advanced trade monitoring and surveillance systems are already present on the platform to help protect trader's interest and shield their operations from opportunistic hackers.

Fast Transactions

The team is likewise conscious of the quintessiality of time management, especially in this age. As a result, Onam utilizes advanced algorithms to perform transactions in real time, so that individuals can as well return to their respective businesses in no time. It will,be able to handle 10 million transactions in one second.

Compared to existing exchanges, its a remarkable capacity.

SEC-Compliant

Another interesting feature about Onam is that it's an SEC-compliant exchange.
Only few cryptocurrency exchange platforms today comply with the standard regulations and benchmarks that have already been laid down by SEC, such as KYC and AML, and this alone is enough to discourage certain investors ( even game-changing ones), which is bad for the cryptocurrency sphere.
Onam is ready to take the finance sector to a whole new level together with all its interested participants too, and so it has decided to absolutely comply with SEC rules, which makes the sphere very attractive and reassurring.

Safe and Secure

The issue of security is typically one of the most pressing issues on any new exchange platform or more aptly, any new project at all. So it boils to the fact that indeed, ability to provide unbeatable security will undoubtedly always be a winning edge. Onam is aware of this and for same reason, has adopted use of 2Fa and DDoS technologies to arrest potential cyber attacks.

Conclusion

Onam is no doubt a very promising project which will go a long way to positively impact the way users relate with the cryptocurrency sphere. Such transparency, and efficiency, is remarkably advantageous. Hopefully, we'd be able to harness its full potentialities through the eventual success of this project.