WEIDEX DECENTRALIZED EXCHANGE CREATED TO MAKE BLOCKCHAIN TRANSACTIONS EASY

abdulowad (34)in #d • 6 years ago

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The Blockchain technology, born starting from the Bitcoin in 2008, is now used more and more widely in an increasing number of cryptocurrencies, to allow the creation of decentralized and disintermediate new generation services. Blockchain in its public implementations solves problem of creating a trustless and permissionless network, where the participants can consider valid a transaction, and therefore also a possible related certification, thanks to the consent mechanism generated by the system of incentives and disincentives among the parties involved. The non-falsifiable certification of documents is one of the most important applications of Blockchain technology, as a certified document in the Blockchain can NEVER be falsified.
WeiDex simply deals with blockchain technology that involves a decentralized means of exchange. This exchange means there won’t be the involvement of a third party in the market. Market transactions would be done by the parties involved without a third party to affect the services of the customers. Smart contract is the name of the technology that would ensure that trade would only occur between users using a decentralized multisignature escrow system.
WeiDex supports all Ethereum based tokens and we will also support Neo based tokens by the end of the year. WeiDex is a digital ledger that is not controlled by any central authority and works by breaking data into smaller chunks and distribute them across computer network Instead of uploading data into a cloud server in order to store it in a single location, Hence the entire operation will not result to any data loss.

REASONS FOR WEIDEX TO BE APPROVED THAN OTHER EXCHANGE DECENTRALIZED MARKETS

It is observe that decentralized exchange system is better than centralized exchange system due to the non involvement of a third party. WeiDex decided to build a stronger blockchain cryptocurrency in other to bring about a good technology in blockchain system by introducing this systems.
• Referral System Program: This employs that the more users invite users to the decentralized exchange market, the more their bonus.
• Low Fees: Users will only be charged little or no amount thereby making them deploy a payment service of their own. Even more, after a certain amount of volume is reached, there will be no fees.
• Multiple Order Fulfillment: This means one can make multiple transactions with the use of the smart contract and would be charge for just one transactions.
• Cross-Chain Transactions: There are different types of blockchains with their own ecosystem. WeiDex tends to provide a medium whereby exchange trading assets from separate blockchain would be united in a decentralized ecosystem. They tend to achieve this process using side chains or atomic swaps. Their token and smart contract will help this technology to be a success.
• Token Allocation: 5million WDX token will be distributed for airdrops. The amount of tokens sold during the Token Sale will be from a total sale pool of 30,000,000 WDX. For a successful token sale reaching the hard cap the intended token distribution will be as follows:
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This token sale would help users to make transactions easier, cheaper, faster and with more security.

CONCLUSION

WeiDex project aims to make exchange transactions using a decentralized system of blockchain easier for the world. Below shows what they stand for when working with world.

This illustrate the advantages the world stands to gain in a weidex united ecosystem. With these, the world exchange economic will grow better.
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