ByteDex Decentralized Exchange

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Cryptocurrency is a term used to describe different coins and token in the digital market. A token or coin is designed to serve as a means of exchange for services and goods or from a coin to another coin or to a fiat currency.
Cryptocurrency serve as a medium of payment in an environment that is cashless and base on its qualities it is still that best mean of transacting in the present generation. Cryptocurrency is said to make transactions fast, easy, it requires minimal fees, and it is not controlled by a consolidated authority.

Before an individual or a crypto holder can swap, sell or trade a crypto asset he / she need a Cryptocurrency exchange platform.

An exchange (centralized or decentralized or hybrid) is a platform that allows users to exchange, swap, sell or trade a crypto asset to another asset or to a fiat currency easily.

A centralized exchange is an exchange platform where decisions, governance and regulations are done by a consolidated authority while decentralized exchange is an exchange platform where users of the platform dominate the governance of the platform; it allows a direct P2P of crypto asset transactions with the intervention of a third party.

An hybrid exchange has a lot decentralized exchange features with some part of the exchange built with technical know how from centralized and decentralized exchange. Some of the features on the hybrid exchange show some centralized system features.

However, there have been a lot of exchange platforms with a lot of features to offer traders and crypto holders but recently exchanges have been giving traders and crypto holders some major challenges which include; high transaction fees, low level of security, slow processing of transactions. These challenges have been causing a lot of setback when it comes to exchanging. People need decentralized exchanges that will make their trading, exchanging and other financial operations easy, efficient, fast and an exchange platform where minimal fees is charged on transactions made.



BYTE DECENTRALIZED EXCHANGE

Byte exchange is a decentralized exchange that has implemented it ledger and Management system on a two tier blockchain system so as enable efficiency and productivity Services when it comes to exchanging. The two tier blockchain system adopted will enable the exchange reach a standard transaction capacity and allowing execution of transactions within few seconds.

The byte exchange has been developed majorly for traders, crypto holders to have access to easy, reliable, efficient, scalable, decentralized, fast, minimal charges on transaction of different cross chain tokens on a highly incredible exchange platform with Maximum level of security.

FEATURES OF BYTE EXCHANGE.

1. BYTEDEX TOKEN LAUNCHER:

After the full launch of the bytedex exchange, institutions, project and individuals will be able to generate different tokens on the ByteDex blockchain by using the Bytedex exchange. All generated tokens on the platform, will be listed on the bytedex exchange and at the same time they will be paired with byte token for exchange.

2. BYTEDEX DAPPS:

ByteDex which is a blockchain-based exchange has all the advanced technologies available in blockchain ecosystems. Smart contracts will be available on the bytedex exchange for users to create games and applications that will run on the bytedex blockchain.

3. BYTEDEX LIQUIDITY SOLUTION:

On ByteDex exchange, The mapping mechanism established on double layers blockchain is always used to match market maker and market buyers within few seconds. The exchange will also offer all the best features offered by centralized exchanged on a Dex exchange.

4. BYTEDEX COIN:

ByteDex Coin has been designed and launched to be the main coin for transaction and payment tool of the ByteDex ecosystem. All Payment in the ecosystem and exchange will be paid with the bytedex exchange token. The token will also be used for staking and paid as commission and at the same time will be listed on other exchange platform.

5. BYTE WALLET (BYTEW):

Byte Wallet is a kind of decentralized wallet built from the concept and idea of the Stellar ecosystem wallet. The wallet will not contain the assets of users but will display users asset and data available in the Bytedex blockchain and also allow users to perform transactions through the wallet on the blockchain. The wallet is secured and can’t be easily hacked.

6. BYTE SMART SECURITY:

ByteDex safe keep all crypto assets and personal data of users into the ByteDex Blockchain which is thereby immediately audited by artificial intelligence and smart contracts making it difficult for cybercrime.



TOKEN DETAILS
  • Name: BYTEDEX TOKEN
  • Ticker: BYTEDEX
  • Standard: TRC 20
  • Total supply: 1,000,000,000.


PROJECT ROADMAP

The Project as a reliable and achievable roadmap, the team are work toward all goals and will achieve all at due time.



PROJECT TEAM

Behind every top notch Project is an experienced and hardworking team. BYTEDEX has employed engineers, developers and professionals with the needed skill and experience to make the platform an incredible one.

CONCLUSION

BYTEDEX has built an Ecosystem that will offer efficient and effective trading and exchanging services. The Project has integrated a BLOCKCHAIN that will allow users, institutions and Project to build their personal token and have access to listing on the exchange. The exchange also offer transparent, effective, efficient, scalable, fast and not costly services.

Read More Here

AUTHOR

Forum Username: Masketert
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1763016
Telegram Username: @masketert
TRC 20 wallet, address: TC74chJbcvYgjfHFHTLkfLmgENKSrQWy93



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