The present exchange market is, in our opinion, too small, but xCrypt wants to fully use (for profit) it to the highest possible value, also attracting new (people to enter or begin something). A traditional exchange only lists (more than two, but not a lot of) cryptocurrencies and ERC20 altcoins, not taking every possibility the market has to offer.
Now, Cryptocurrencies are capitalized at around 270 billion dollars of value, but we're especially shocked (into silence) by the expected continued growth. (matching up in a straight line) with the future, XCrypt decided to build a future proof (raised, flat supporting surface), ready to catch the market's latest developments.
The figure below displays XCrypt's added values and the differences between xCrypt and a
traditional exchange.
THE CURRENT EXCHANGE OVERVIEW :
1 - Liquidity
2 - Certainty and centralized nature
3 - CEX or Hybrid?
4 - Loyalty management
5 - Clearing and settlement
6 - Difficulties of Real-time Trading
7 - Certainty and Centralised nature
2 - Certainty and centralized nature
3 - CEX or Hybrid?
4 - Loyalty management
5 - Clearing and settlement
6 - Difficulties of Real-time Trading
7 - Certainty and Centralised nature
XCRYPT ECOSYSTEM :
XCRYPT is the first crypto community with a high added value with the heart in its exchange: a combination of two things/gas-electric vehicle, ready for securities and for an ERC721 (the place where people buy things). We created this end-to-end system which includes a debit card and asocial (raised, flat supporting surface) for our users to interact in order to maintain a strong community. Our community is bound to be on the same level as the world's biggest players, and might past them, for we are already good in this field's future. The differences betweenxCrypt and its competitors are (existing in very large amounts) and will be explained below, in a user-friendly graphic. We are convinced that our end-to-end community will attract small, medium and large (people or businesses who give money to help start businesses).
XCRYPT HYBRID EXCHANGE :
XCrypt is a hybrid, semi-decentralized exchange that provides a trustless, real-time, high throughput trading experience in conjunction with a blockchain based settlement. By
centrally managing trade matching and Ethereum transaction dispatch, xCrypt enables the
users to trade continuously without waiting for transactions to mine, fill multiple orders at
once, and cancel orders immediately without gas costs.
1 - The maker and taker deposit their symbols into the xCrypt contract.
2 - The xCrypt (computer file full of information) is updated to include the customer addresses and symbol/symbolic balances.
3 - Maker creates and submits a signed order that includes the (clearly connected or related)trade data.
4 - XCrypt confirms that the maker's account has (good) enough money and that the signed transaction matches what was submitted to xCrypt.
5 - If all checks in part 4 pass, the order is added to the order book.
6 - The taker submits a matching order, signing a transaction with the same price as the target order and an amount less than or equal to it.
7 - xCrypt confirms that the maker's account has (good) enough money and that the signed transaction matches what was submitted to xCrypt.
8 - If all checks in part 7 pass, the trade is marked as matched and the order book is updated.
9 - The xCrypt (computer file full of information) is updated to reflect the new balances, and both traders can continue to make new trades based on these updates. (at the same time), the signed order is added to the waiting line to be broadcast to the Ethereum network for processing.
10 - After all dependent trades have mined, the transaction is sent to the blockchain.
11 - The transaction is mined and the contract balances updated to reflect the trade.
SECURITY :
1 - ENCRYPTED KEYS:
All private keys for our wallets are encrypted with AES-256 and are stored offline.
2 - SECURE STORAGE: 99.5% of our users’ funds are kept ina cold storage with multi-signature technology.
3 - DDOS PROTECTION: Advanced distributed system architecture built to protect against DDOS to ensure that trading cannot be halted by outside attacks
4 - PASSWORD SECURITY: Passwords in our database are encrypted using Salted SHA-256.
5 - DATA TRANSMISSION: Data from the website is transmitted using encrypted Transport Layer Security (TLS) connections.
6 – 2 FACTOR AUTHENTICATION: Two-Factor Authentication (2FA) is required for actions such as withdrawals or changes in account settings.
7 – CCSS Crypto Currency Security Standard (CCSS): is a security standard that helps secure all information systems that make use of cryptocurrencies.
2 - SECURE STORAGE: 99.5% of our users’ funds are kept ina cold storage with multi-signature technology.
3 - DDOS PROTECTION: Advanced distributed system architecture built to protect against DDOS to ensure that trading cannot be halted by outside attacks
4 - PASSWORD SECURITY: Passwords in our database are encrypted using Salted SHA-256.
5 - DATA TRANSMISSION: Data from the website is transmitted using encrypted Transport Layer Security (TLS) connections.
6 – 2 FACTOR AUTHENTICATION: Two-Factor Authentication (2FA) is required for actions such as withdrawals or changes in account settings.
7 – CCSS Crypto Currency Security Standard (CCSS): is a security standard that helps secure all information systems that make use of cryptocurrencies.
XCRYPT’S TRANSACTION MODEL :
Links :
🔗 Website : https://www.xcrypt.club/
🔗 Whitepaper : https://www.xcrypt.club/xCrypt-Whitepaper.pdf
🔗 Telegram : https://t.me/xcryptclub
🔗 Twitter : https://twitter.com/xcryptclub
🔗 Bitcointalk : https://bitcointalk.org/index.php?topic=4993175.0
🔗 Whitepaper : https://www.xcrypt.club/xCrypt-Whitepaper.pdf
🔗 Telegram : https://t.me/xcryptclub
🔗 Twitter : https://twitter.com/xcryptclub
🔗 Bitcointalk : https://bitcointalk.org/index.php?topic=4993175.0
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ETH Adress : 0x42C975dDC7d7e9757f246DDAE552F63A5b4429F7
Bitcointalk user : https://bitcointalk.org/index.php?action=profile;u=1806798
