eFIN Decentralized Exchange: Safe DEX Trading Tor Network?
What Is eFIN Decentralized Exchange?
eFIN is TokenPay’s secure, decentralized, private and unhackable exchange platform that aims at making possible secure and instant trading without the reliance on third parties. The platform will achieve its objectives through the implementation of Native SegWit and Atomic Swaps as well as Infinitesimal-and Lighting Network-compatible chains.
Additionally, eFIN will solve the liquidity issues that most decentralized exchanges face by being the only fully decentralized exchange that offers trading services that are non-custodial, privacy-focused, intuitive, and liquid while providing users with access to the eFIN coin that will ensure that there is lightning fast trading on the exchange platform without exorbitant mining fees.
How eFIN DEX Trading Tor Network Works
To ensure that the decentralized platform is liquid, eFIN will utilize two approaches that will create a more stable trading environment where orders are matched more quickly. The first approach is by using a distributed rewards system that provides users with incentives for staking, storing, or trading their coins on the eFIN platform.
The second approach involves integrating the platform’s order books with those of other decentralized trading platforms. This results in a giant decentralized network where the user’s orders are matched immediately they are placed.
eFIN has a proprietary bulletproof self-validating solution that provides users with full control over their coins. Users can setup their own nodes, which will process and validate the user’s wallet transactions therefore ensuring that even in situations when the eFIN servers are down, the user can still access their accounts.
eFIN Decentralized Exchange Accepted Coin
The EFIN blockchain coin is the coin powering the eFIN decentralized exchange. The eFIN coin is one of the first coins in the market to support Infinitesimal, thus ensuring that merchants and users receive instant transaction speeds.
The coin will be the platform’s exchange transaction coin, it is a vital component in the TokenPay ecosystem providing users with numerous benefits like scalability, privacy, and secure transactions. Once the eFIN App Store is launched, the eFIN coin will power automated Trading Engine and Automated Portfolio Management.
Competitive Advantages Of EFIN DEX
eFIN is a non-custodial decentralized trading platform that has additional security compared to other similar platform since the user’s private keys cannot be stolen therefore meaning that no unauthorized parties can have access to the user’s coins.
Multi-Signature Transaction Engine
The multi-signature technology enables the application of multiple private keys in a transaction; this will ensure that the platform can effectively work in a decentralized manner without the threat of external or internal attacks such as cyber-attacks.
Segregate Witness (SEGWIT)
eFIN is based on the Native SegWit implementation that provides the platform with compatibility to the Lightning network, which provides the platform with scalability and lower transaction fees. Additionally, the SegWit will fix transaction malleability, which is a major challenge facing Bitcoin.
Infinitesimal Protocol will be the core protocol behind the eFIN network. The protocol utilizes bidirectional payment channels, smart contracts, and atomic swaps that will provide the eFIN decentralized exchange with faster transaction confirmation times.
Cross-Chain Atomic Swaps
The atomic swaps on eFIN will allow users on the platform to trade their cryptocurrencies cross-chain. For example, if a user has a certain amount of Bitcoin, they can trade for the same amount of cryptocurrency on another blockchain such as Ethereum.