Nov 20 2018
It’s Time to Use a Digital Platform for Real Estate Solution Blockchain Technology
Real estate is one of the investment fields that has a high-profit value. The experience of doing business in real estate makes every investor realize that the risk level of this business is lower compared to other companies. Investment in real estate still occupies the highest position with a good level of interest for investors. until now the mechanism that is run in the real estate business still uses an ancient system where the use of transactions has not been carried out transparently.
The application of technology can make the concept of a real estate business be run transparently. That will give the maximized benefits for everyone. The potential of the real estate market is still wide open so that it can become a global ecosystem. The application of blockchain technology can realize the use of technology to achieve transparency. The system offered can provide convenience transactions with a high level of effectiveness.
The old real estate market still leaves a variety of problems that can be overcome and avoided to form a better ecosystem. The use of blockchain technology is the best solution where the system offers effectiveness. The platform will handle each transaction using blockchain technology where data from each transaction that occurs will be stored in the block. The use of blockchain technology also supports the implementation of a transparency system so that it can erase the role of third parties who can add financing when making transactions.
The use of blockchain technology is also inseparable from the use of digital currencies. It is also a factor to increase transaction speed. When viewed regarding security, blockchain technology already has a reliable system. Parties who have no interest cannot access every data stored in the block. Updates from this technology also continue to be improved to improve convenience in transactions.
The application of blockchain technology to the real estate market is a new development for the global scale market. Global network utilization can make the platform accessible to anyone around the world. It certainly will make it easier for anyone to interact with the ecosystem without any servitude. Another solution that is planned is the application of multi-language so that it will make the interaction ease to do. The application of this concept will undoubtedly face some challenges in the future.
These challenges will not be separated from the level of security and trust. The use of a digital platform means showing a shift in the use of assets. Ownership of digital assets is undoubtedly one of the new challenges in improving system security. To keep every user having trust in ecosystems, it is necessary to adopt the latest technology that can provide the best solutions related to security, safety, and transparency. You can learn the concept of ecosystem development on the website, Ann thread, and whitepaper.
Ann Thread: https://bitcointalk.org/index.php?topic=4989887
White Paper: https://dominium.me/sites/default/files/Dominium%20White%20Paper%2020181110.pdf
Ease of Real Estate Services with Dominium Platform
When you are used to participating in the real estate investment network, you will certainly understand more about the various problems that occur. One of the things that are often complained about is the existence of intermediaries so that the transaction chain becomes longer. Systems with blockchain technology will remove the role of intermediaries so that transactions can be more quickly resolved.
Besides, you can also feel transparent transactions. The purpose of being transparent is that you know well the funds you provide and develop them. Funding will also be carried out based on the rules contained in the smart contract. You don’t need to worry about data security. Every transaction you make will be recorded in a safe block. Access to the neighborhood is also only owned by the authorized party thus reducing the risk of data being damaged, lost or changed. Every data will be stored and locked safely.
The use of blockchain technology to run digital transactions is one of the ideal things. You can have the best experience in transacting for real estate services under the Dominium platform. Professional development teams who have experience in the real estate market certainly understand your needs. Every detail that helps you get the best experience will be realized using a decentralized system. The globally owned access also helps everyone to interact with the ecosystem without knowing the boundaries.
The ecosystem is also equipped with multi-language features so that it will avoid miss communication. Language becomes an essential interface for interaction to be established. Transaction security guarantees on blockchain technology have been proven by the application of smart contracts and cryptocurrency. The use of tokens as an exchange makes each transaction easily and quickly resolved without obstacles.
This is the Advantage of Using Dominium for Real Estate Ecosystem
You might still ask why you should use a condo? You also still feel the ancient transaction system can always be relied on to transact. However, you need to know that several things threaten the security of your data. Old transactions that you go through also have a lot of shortcomings where costs are charged too much. The use of a decentralized system will help you to have transparency in every transaction you make. By using the Dominium platform, you can take advantage of some of the features provided, among others.
- The platform uses the concept of a neutralized system
- Every transaction will be regulated properly
- An adequate security system
- Operations are carried out transparently
- Multi-lingual to facilitate interaction
- Multi-currency for a secure exchange system
- Property funding for user convenience
- Project finance services to provide comfort in platform utilization
- Safe property sales are fast and easy
- Property rentals are carried out with the right interactions
- Good property management to ensure the best experience to users
- Self-sufficient so that you can use the platform to meet your needs
Every feature provided is made to make it easier for you to use a digital platform to fulfill your transactions. The experience of developers in the real estate world will help you have the best trade through the ecosystem. The journey of ecosystem development to meet customer needs will be seen through the roadmap. Every service and feature developed is a form of making the best solution for ancient transactions. Exposure to the latest technology is expected to eliminate various types of fraud and deals that are not transparent to conventional systems. The use of dominium with Blockchain technology is also a positive thing where everyone will have the opportunity to get the best offer for blockchain technology real estate services.
Transparent Market for Real Real Estate Services
Most transactions are made using services that only require participants to give part of the funds without telling the direction of their use. This requires a high level of trust from the user to the ecosystem. Besides, the actual system has not been able to provide answers to any questions regarding the use of funds. Transactions that translate provide convenience to users to find out the direction of each contribution made.
The importance of transaction transparency will undoubtedly be related to the ease of obtaining funds. The system will also be more accessible to gather user trust when compared to systems that are not transparent. A system that can know the direction of its operation will make it easier for users to provide control over the use of funds.
The concept of transparency systems offered by blockchain technology has been adopted previously for various digital platforms. The use of a transparent system can increase the volume of ecosystem usage with multiple features and transaction security levels. The data held by each user can also be safely stored in the network through a decentralized system of blockchain technology.
Everyone who joins the ecosystem has the right to use tokens in utilizing existing services. The agreed amount of exchange will be recorded on the smart contract and then stored in the block. Every stored data will be permanent so that it can improve data security and convenience. Every data stored in a neighborhood also has limited access so that not everyone can open it. Transparency of transactions has a critical purpose of reducing the risk of digital fraud by making slide a challenge to accountability for the parties concerned.
Dominium Immediately Completes Roadmap for Application of Decentralized Platform
The development of Dominiums for future platforms is significant when you begin to realize the opportunities of the real estate market. Until now the construction of the condo is still going on and is almost reaching the final stage. The development team has prepared a roadmap as a reference in project development. The roadmap also provides evidence that the project is being built and developed to provide convenience to every user.
The beginning of the establishment of the Dominium with blockchain technology already started in 2016. In 2016, multi-language usage has also been implemented for several countries such as English, and German. Starting from several states, until the end of its development, the platform will have the ease of interaction for broader multi-lingual reach. At WALA in 2017, growth continues to regulatory documentation for the Max property group Germany and United Kingdom.
In 2018 the development continued with designing the website and making several referral programs. Development of ecosystems indeed requires sufficient funding assistance. This also prompted round closed to pay for initial platform development private funding. Then the first holding company is changed to Dominium BV in 2018. Other development plans that will be completed in 2018 include completing the English version and launching the Chidchain and DOM lists on the Exchanges.
This year the first pre-ITO and ITO rounds will be held to provide an opportunity for users to contribute. Purchases for NL, DE and UK properties will also be made this year accompanied by migrating all MPG assets to the platform. The completion of beta testing for all functions to be carried out will also be carried out in 2018. Development will continue to be carried out until 2025 to standardize regulations and licenses for security listings. The existing features will also continue to be developed and reproduced so that the utilization of the ecosystem can be done more maximally.
Give Your Contribution Through ITO
The Initial Token Offering (ITO) is an event that cannot be missed in the development of a digital platform. The fact is usually held at the beginning of ecosystem development within a specific time frame. As a digital platform for a global scale, Dominiums will provide opportunities for anyone to be able to contribute to the ecosystem. Ecosystem development so that it can be run and utilized certainly requires financing. Your contribution to the ITO will give you ownership of the token where the token can be used to use some of the services contained in the ecosystem.
Every activity in the ecosystem can require the use of DOM Tokens such as the creation of assets, trading of assets, the creation of support tickets, voting for charities, listing a property for sale, containing a property for rent, registering a rental agreement, and registering a purchase agreement. Other features that are not mentioned can also require some tokens in exchange using a smart contract.
The number of tokens available for sale has a limited amount, so you need to make purchases according to the schedule set by the team. Soft stamps for the sale of tokens will amount to Euro 2,500,000, and the hard cap quantities to euro 92,500,000. The total supply of tokens for ITO is one billion DOM Tokens. Allocation from the sale of tokens will be done to complete the development of the ecosystem until it is ready for use. You can contribute by registering through the website page.
The condo also comes closer to you through social media. You can find out the update of ecosystem development through the social media of Dominium. The real estate gives you the opportunity to improve the quality of transactions related to real estate services based on Blockchain technology. New experiences that can increase profits will begin soon. You will have safe, comfortable and fast transitions. Immediately make your contribution to be able to take advantage of the Dominium in taking advantage of opportunities in digital real estate services.
Jun 16 2019
Guess What, Cryptocurrency Exchange Problems and Its Solutions
If you are a businessperson or people who are interested in investment, you definitely will understand its development. In the financial industry, a cryptocurrency developed. However, it takes place to gather together with some issues that plagued it.
Actually, Bcnex wants to develop technology in the future era by exchanging the digital assets and cryptocurrency which will be an important thing in the financial industry. The digital assets technology has begun to show their impact in the real world. It adapts quickly and become a trend in the industry. One of the examples is cryptocurrency exchange.
The cryptocurrency exchange has become the central attention of people over the world in digital currencies field. In each year, this exchange platform is increasing. From this cryptocurrency exchange, people not only get benefits but also suffer significant scaling-issues, both on the operational and technical side.
The Problems of Cryptocurrency Exchange
In this article, we provide you with some issues that the investors may face in these digital assets, cryptocurrency. There are 6 problems as the below explanation.
Let’s take a look at the detailed information!
Some digital exchanges were conducted by professionals engineers who have many experiences or with no experience at all in the field of finance so, they did not know how to operate financial services platform.
Usually, to get the system up and running they will choose the easiest way to save money and time. This exchange may work well in the first place it is. However, this may come worst when the number of traffic increases, while the system is overloaded and unable to process users’ request. In other words, people can buy or sell on cryptocurrency and they will not catch it in Bcnex.
Despite, an exchange should be well-designed with an efficient, enough security, speedy transaction, and the scalability. On the other side, Bcnex is established by well-experienced workers especially in the financial system in Forex market as well as real-time data application system. They have an in-depth understanding in the sector needed.
Because of malicious activity or hacker infiltration, statistics show that hundreds of exchange were closed. In 2017 and 2018, due to targeted attack according to the data from Group –IB, exchanges suffered total loss of $882 million. Meanwhile, Bcnex is designed by the highest security standard that can minimize hacker infiltration or another access from the irresponsible system or might be people.
Basically, the main goal of the exchange is to create high liquidity, support investors in the trading system, and take initiative purchase or sell decisions. However, the digital assets exchange mostly did not meet the requirements so, it leads to unpredictable results for investors.
Liquidity is an important element for any of market, and due to the decreasing of liquidity, orders are not placed on time and the doors are opened to manipulate prices. Therefore, it leads to an imbalanced environment and things go out of control. In short, to attract coin miners, investment institutions and high-volume traders to a newly established exchange is difficult and requires an experienced team with an in-depth understanding about this new market.
Customer services are often ignored by some exchanges although this is one of factor that determines exchanges success. Based on the Accenture study, there are 52% of customers who have had a bad customer service experience with the company stop purchasing their service and product. By this moment, many users will complain about the bad services they received from the company so it leads to the poor of customers support.
On cryptocurrency exchanges, the trading fees are sort of a two-edged sword. When the fees are low or no fees at all, the liquidity of exchange also increases. It permits large investors to deploy crypto prices cheaper and easier. Besides, cryptocurrencies naturally promise to interrupt the financial sector by making transactions far cheaper.
Besides trading fees, the issue also can exist from the trading pairs. It happened since there are 200.000.000 (two hundred million) individual tokens of cryptocurrencies that will be a very significant problem. So, if you want to sell one token for another, automatically it requires two traders which makes the double amount of fees necessary in order to exchange the token.
The Bcnex Exchange Problem Solving
After knowing about some issues that exchanges may face, we also provide you with some Bcnex exchange problem solving that can be the ways to reform those weaknesses. There are five ways that can be conducted to solve those issues are as follows:
1. Technical Solution
In this part, there is two technical solutions provided as follows:
1) The BCOMS Order Matching System
The BCOMS or The Bcnex Order Matching System is a component, which matches both of buying and selling exchange orders. In other words, it is a feature to buy and trade. Also, it is considered as the most eminent part of Bcnex that is built with high precision. All purchase or trade orders are stored with high performance queues and a good quality system which is designed to minimize the possibility of losing data.
So, all buying and selling activities will be stored in the high quality storage which ensures the users that their data will not lose. The BCOMS is the fastest exchange since it is capable of doing 2.000.000 trading orders per second. This flexible scalability makes the elimination of common issues on the overloaded system is very capable.
2) A Stable System on Microservices Architecture
To make sure scalability, a stable system on the microservices is used by adding physical servers when the system needs to handle a large number of transactions. With load balancing system is placed, the capacity of the Bcnex increases up to 99,9%. Besides, to improve their users, the access to speed is improved.
The microservices on Bcnex is divided into small services with separating databases which let us to make scale and modifications without compromising the whole system.
2. Safety and Security Solutions
It is also divided into 2 parts like the below explanation:
1) Multi-layer Security Architecture
Bcnex has already completed with a system engineering from the ground up with security in mind. Come up with it, Bcnex also deploys the security system into multiple layers which include, robust firewalls, anti-DoS, multiple user alerts. If Bcnex found some strange activity, automatically it will block the account for a certain period. It also will notify the user of the account.
To put it briefly, before attempting to perform any transaction activity in the process of KYT (Know Your Costumers) Bcnex will ensure all the user’s security crypto assets which aimed to achieve banking industry in the level of security compliance and auditing. Also, it uses Google/SMS 2FA for the users. This aimed to act related to security on the trading platform as a security measure.
2) Optimal Wallet Solution
It is very eminent to consider a large number of cryptocurrencies which are being stored on the major exchange. Hence, to keep users security, Bcnex is accomplished with the security solution which consists of a hot wallet, a cold wallet, and secure hardware.
The operational system of those wallets is similar to what is applied by Bank, ISP providers, and the developed countries government. Mostly, the vast Bcnex assets (98%) are stored in the cold wallet, whereas the remaining balance is stored in the hot wallet that is enough to cover the number of daily withdrawal users.
3. Liquidity Solutions
Bcnexhas worthy experiences in everything including from design to client support all the way to modify liquidity management and low latency trading architecture in the forex market industry. Moreover, Bcnex has many good partners in the industry who will be the key to the exchange launch and make them easier to build well established foundation of an existing business.
4. Customer Service Solution
Along with the development of exchange infrastructure, Bcnex began to consider customer service as a vital part in the digital economic industry. Therefore, they realize that they have a large amount of users, so they provide the users with always ready service management team who are willing to solve any issues. So, Bcnex is established for offering a flawless user’s experience.
Substantively this article does not mean to address one of particular individual or entity. It is just glimpse information that we write in order to share you if you guys interested in it.
That is the end of this article. Hope we do help you guys to know about Bcnex exchange problems and its solutions. Thank you! Happy Reading!
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If you need further information, you can check it in this link:
Ann Thread: https://bitcointalk.org/index.php?topic=5111223.0
White Paper: https://www.bcnex.net/BCNEX_WP_ENG.html
Posted by: kurniawan05
By admin • Blockchain Technology 3,748 • Tags: cryptocurrency, exchange, good, hacker, information, ISP, Low Market Liquidity, technology, time, token