Learning Bytedex, A Crypto Platform With CDEX Or Hybrid Exchange
After the up and down, cryptocurrencies are currently in questionable states. It has so many potentials that you can find thousands of exchange platforms surfacing. One upon other offers a better or tempting with more income and benefits. It includes the ByteDex exchange, which states offer CDEX or hybrid exchange. How good is it? Here are some details to note.??
About The Exchange?
One thing for sure, the biggest tempting point of ByteDex is the hybrid exchange. The platform trying to hit the highest point of blockchain technology. That is why the CDEX is chosen. It is also one of the good takeaway points since many people are starting to notice the trend of DEX (decentralized exchange) and the untransparent CEX (central exchange).?
Choosing only one exchange can create an unbalanced platform or system. So, the company takes the best route by balancing the two exchange strategies. It is also a great consideration that the current crypto exchange is facing six main problems: Customer service, asset control, systemic, sales transaction, confirmation code, and withdrawal issues.?
ByteDex believes that the use of decentralized exchange and central management can strengthen the platform structure. It also has a system partnership with a company abroad. The function and the algorithm later work under 12 super nodes around the world. Using the native Bytedex coin production, everyone can make a safe, fast, and fair exchange.?
The exchange and transaction inside the ecosystem itself are possible but separated. The under tier (mainnet) will work as the court while the upper tier is the notary. The systemic make the hybrid exchange possible and under a minute. Meanwhile, the mining exchange will provide users with a ByteDex reward per block.?
Features?
To enhance the user income and better transactions, Bytedex includes some common features. It has Dapps, token launcher, broker, OTC platform, and many more. However, one thing that is quite interesting to see is the exchange liquidity solution. Bytedex mentions that they will conduct the matching of users among themselves using double-layer blockchain.?
The system allows better matches for the market maker and buyer. It also uses a Smart Route Order System for a stable connection to the major exchange. Crypto exchange through APIs and liquid pool will be connected to the native coin. It is not something new, but a relief that one platform can develop it even further.?
With the CDEX system, the benefits of the central exchange are also available in the DEX platform. It makes it possible due to the help of CCXT API. It also helps the users to do dozens of transactions and instant data exchange. In the words, the hybrid exchange offers a bigger possibility for the cryptocurrency exchange.?
Why Hybrid??
Every exchange has its pro and cons, which make many traders or users think twice. In this case, probably offer a better solution for the future cryptocurrency realm. The use of hybrid exchange ensures some benefits from both DEX or CEX. It also counters all of the cons faced by each system.?
One thing is for sure the hybrid adopts the DEX structure for platform security and regularity. Meanwhile, the CEX system work for the better control that is missing in the DEX. Both systems also use flat money and diverse exchange, which eventually force ByteDex to work better as a cryptocurrency platform.??
But unfortunately, the hybrid also poses some cons. The downside of the system highlights the liquidity aspect that demands an advanced structure. However, the ByteDex solves the problem with the help of the stock exchange pool. Another problem goes to centralized management, which tends to be considered as unappreciated management for blockchain.??
Token Distribution?
Even though the platform poses a bad and good point, but it does have potential. It also looks very convincing from the token distribution. The platform states that 50% distribution goes to the community, 30% for reserve, 10% for the team, and the rest are for marketing plus reward /reward.?
Roadmap
The development will reach into the IEO process. BYTEDEX TOKEN LISTINGS:
1- Byte Exchange - 15th of August
领英推荐
2- P2PB2B - 15th of August
3- Coinsbit - 16th of August
4- Indoex - 15th of August
Do you want to catch the opportunity? Join IEO at : https://p2pb2b.io/token-sale/288/
The roadmap is still long that can reach 2023 with its goal to reach at least six different countries.?
Is It Worth Join??
Considering how unique the exchange idea is, it is worth putting your eyes in the by telex. It takes a good solution on the cryptocurrency realms, which focus on the decentralized exchange. But the idea of having a hybrid exchange opens up a new and probably better cryptocurrency condition. It is worth watching and sees the future development.?
To conclude, you can take the Hybrid exchange as a good cryptocurrency potential. It shares the high-security level and control of DEX. Meanwhile, it also has a more stable platform with the help of CEX. That is why C-DEXs offer a better possibility on cryptocurrency. It does pose potentials, but it is also worth waiting for better info about Bytedex.
Important Information About ByteDex:
Website:?https://bytedex.io
Twitter:?https://twitter.com/ByteExchange
Telegram:?https://t.me/ByteDexGlobal
Medium:?https://bytedex.medium.com/
Posted by kurniawan05