DEXAGE- A decentralized exchange platform where the user is king
A direct consequence of the rapidly increasing popularity of cryptocurrencies has been a corresponding rise in demand for cryptocurrency management services. Top of the pile of those management services is cryptocurrency trading. This rise in demand for cryptocurrency exchange services has led users to require a high standard from organizations that render such services. The difference in popularity between the exchange platforms out there is due in large part to the spread in quality of services offered. This has led several new exchange platforms to seek constant improvements, albeit to varying levels of success. The main purpose of writing this article is because cryptocurrency enthusiasts still desire more and we deserve to get it. Due to these challenges, a team of cryptocurrency enthusiasts came up with the idea to develop a decentralized exchange platform where the control of the entire transactions in the ecosystem will lie in the hands of the users.
Introducing Dexage
Dexage is a decentralized exchange platform which will be driven by the innovative concept of social web, where the interaction between the users, traders and investors will influence the growth of the platform. The Dexage platform which is centred around the users and will offer a wide range of peer-to-peer activities including interaction between users through DXG chat dApp. Transactions will be auditable and more resistant to hacking due to the fact that the platform will run on a decentralized blockchain network. The DXG trading ecosystem is fortified by the fusion of a distributed blockchain with a decentralized social web and the platform heralds a socio-economic paradigm shift in the current cryptocurrency trading landscape. Dexage offers a financial system which equips its members to be in control of their money at their volition without the interference of an external party.
Challenges addressed by Dexage
The autopilot pattern of operation within the Dexage ecosystem which puts traders in charge of all their activities will resolve several of the challenges posed by the centralized platforms. Some of the advantages users stand to gain by using the Dexage platform include;
- The right to be at the center of proceedings, offering the ecosystem a fair chance to grow as a result of shared mutual interest
- Elimination of monopoly within the ecosystem which gives little or no chance of customers having their personal details accessed by an external body. It also leads to stabilized exchange rates.
- Resistance to hacking as a result of Dexage being comprised of distributed nodes with a well defined architecture.
- Safety of transactions which will be automated by the decentralized escrow service within the Dexage platform. This will offer users a secure peer-to-peer ecosystem.
Conclusion
Due to the sheer number of cryptocurrency related transactions going on everyday. It's about time traders got the best value on offer. With Dexage offering state-of-the-art security mechanism, speed, efficiency and scalability, we could be experiencing a new age in cryptocurrency trading.
For further information, you can visit any of the links listed below;
Official Website: https://dexage.io/
Telegram: https://t.me/dexage
Whitepaper: https://dexage.io/ico/files/white-paper.pdf
Authors Eth Address: 0x6f54F652c650Cc6A7bed4C355B8Ce728C026C23E
