CGCX: A Top Hybrid Exchange

CGCX: A Top Hybrid Exchange

Cryptocurrencies have actively made headlines in recent months due to the rise in popularity. As more people adopt new ways of transferring value, markets of all types are being disrupted. The adoption of blockchain technology and the innovative products built on top of it, namely digital assets or cryptocurrencies and similar value-exchange mechanisms, are gearing towards dramatically changing how we transact in our day-to-day life. Disrupting the entire financial industry is already a major effect of the rise of cryptocurrencies, but it is not the only industry that this phenomenon will affect. A multitude of industries are being rewritten and new ones are being created every day. Cryptocurrencies are having a direct and indirect impact on people, organizations and countries all over the world.

At its core, blockchain is the ability to securely and transparently share databases and processes. The technology has enormous potential in creating trustless decentralized applications. Decentralized exchanges, prediction markets, and asset management platforms are just a few of the exciting applications.Blockchain projects have the potential to reduce, and possibly eliminate, settlement times due to their digital nature, ensuring the timely and secure processing of these operations. Banks are leveraging on it and the advantage include secured global currency exchange rate speeds and increased transaction security, among other benefits, eventually allowing for an overhaul of the banking industry, replacing traditional back-office clearinghouses and other outdated mediums that exist between asset sellers and buyers.

Cryptocurrency Exchange

Crypto exchange or digital currency exchange is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money, or different digital currencies. They can be market makers that typically take the bid/ask spreads as transaction commissions for their services or simply charge fees as a matching platform.

CGCX

CGCX is offering the latest, elegant mixling exchange, different from what currently obtains. It is distinguishing itself in the industry by offering four platforms combined into a single one thereby giving many services to its users. Security of users is of utmost importance, insuring the wallets of customers against cyber attacks. In addition, it will offer a round-the-clock trading service with strong and reliable security architecture. CGCX enables a quick, on-going addition of digital currencies, individual assets, and national currencies. The exchange will also launch its own wallet that supports a variety of currency payment in the CGCX environment. 

They are launching their own token – CGCX token, a utility token that can be used for transactions on the exchange. Discounts in transaction will be given for users who pay through the CGCX tokens. The ecosystem will be user-friendly for both first timers and expert traders. Theirs is a high performance exchange platform that is modular, lightweight and extendable. This guarantees that they provide top-notch services for all their users while retaining their usability and productivity. There is an advanced user interface made for the expert traders – the professionals. The UI enhances a minute-to-minute trading. Another key element of the project is protocol interoperability – a multinational standard for secure voice and data communication, for circuit-switched, One-to-one connections.





Useful Links:        Website | Whitepaper | ANN Thread


Author Detail: 

Profile Link:         OrangeSeller
ETH Address:      0x1461C3727dC461EfF7B32751dFf56c51c2218d5E


No comments

Powered by Blogger.