SuperNET EasyDEX – Decentralized Bitcoin Cryptocurrency Exchange?
What Is SuperNET EasyDEX?
Peer-to-peer money transfer has evolved quite a bit in recent years, especially with digital currencies entering the limelight, and leading the charge is EasyDEX, a simple, powerful and completely decentralized exchange platform that aims to solve the problem of easy coin trading once and for all.
EasyDEX promises to combine all three important components of an effective exchange platform – liquidity, order matching and trade clearance, into one cohesive solution that can be a great alternative to more conventional, centralized exchange platforms.
People looking for a simple, secure and completely anonymous solution for money transfer can definitely extract a lot of utility out of EasyDEX, and with the multiple features embedded into the system, the experience can be quite rewarding.
The philosophy behind EasyDEX is simple – to avoid the different pitfalls and problems that can plague customers while using centralized exchange solutions.
To achieve this, the platform uses and embeds a number of important features that can enhance security and effectiveness, and project EasyDEX as a viable alternative for conventional, flat currency-based trading.
The platform aims to address the prime problem of other decentralized systems, the loss of speed of transaction due to the decentralized nature of the systems, and dealing with counterparty risk, which has always been one of the prime problems of centralized exchanges.
Efficient Order Matching
Order matching, in the realm of currency trading of any kind, deals with the matching or pairing of buy orders and sell orders in a relevant, intuitive manner.
To maintain better transaction speeds with this entirely automated order matching process, EasyDEX makes use of a large group of distributed servers, all of which use a form of low level public key messaging protocol to communicate.
With efficient order matching, trades can be executed or closed within a matter of seconds, which alleviates one of the most enduring concerns about decentralized trading systems – the loss of speed of transactions.
Easy Trade Clearance
The trade clearing process is what takes place after the order matching process, and at this stage of the transaction, two important things happen. First, the promise of payment gets converted to a real money transfer request. Then, that request is actually fulfilled as part of the settlement process, where assets are actually transferred between parties.
The whole process uses unique algorithms and protocols, which are built to ensure great compatibility across multiple digital currencies, and better safety and security.
Maintaining liquidity is one of the most important things trade or exchange platforms need to accomplish in order to compete with traditional, centralized exchanges, and this is one area where EasyDEX excels.
With the addition of unique liquidity provider nodes into the mix, the platform helps keep prices stable, makes it easier to complete trades, and gives liquidity providers with enough incentive to keep providing liquidity to the exchange and keeping things solid and reliable.
This is one of the most important features of EasyDEX, and one that can make this platform popular for different kinds of use case scenarios.
SuperNET EasyDEX Wallet Integration
As a smart, reliable and feature-rich digital currency exchange platform, EasyDEX has already cemented its place in the industry through developing a solution that suits multiple needs, and provides enough features to promote reliability.
An added bonus that customers can enjoy is the fact that EasyDEX can be easily integrated into digital currency wallets, helping people get more features and functionality out of their favorite wallets.
There are already wallet solutions available to the public that make use of the EasyDEX platform to good effect, and customers are likely to get a solid solution to all their problems when they use such a wallet for their transactions.
Overall, EasyDEX can definitely bring about a bright future in the realm of digital currency trading and exchange with its powerful, versatile and secure solution that can serve the needs of end-users and businesses alike.