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What you must know about Billcrypt’s Project Description?

What you must know about Billcrypt’s Project Description?

Welcome! Today, we are going to share about the project description of Billcrypt. Have you ever heard about the new platform of blockchain? If never, let’s go down!

Billcrypt is a decentralized global platform or blockchain multifunctional system of companies, professional communities, specialists and product’s office integration which is created by users in the form of decentralized applications (DAPP).

Billcrypt is the greatest solution for all problems in creating a universal space associated in the form of an integration platform, a single global environment through an ecology of technological and economic properties that joins Blockchain Representative (BR). It is also considered a seamless solution for any company, professional community, a specialist in any area may for creating its blockchain representation on the platform of the way.  In other words, it is an ideal way to use blockchain technology is a registration and storage of any information in the blockchain. It is a platform that permits the users to create and host the Blockchain Representation offices (BR) in which it will be collected, to be formed and to show clearly, graphical view of all the properties designated by the owners to show (in detail in the future, in the Description section of the Platform).

Interface, that will permit you to improve your business in a more effective custom, incorporated to the system through your blockchain representation, as well as the billcrypt platform that will be possible to accomplish the necessary activities related to the blockchain. Here, everybody can create its blockchain representation, through billcrypt everyone may select the properties and functions of BR required to collect representative information about the business or product.

Ann Thread: https://bitcointalk.org/index.php?topic=5156161.0
Website: https://www.billcrypt.io

 

Billcrypt’s Project Description

  

  1. Creating BR

 

Substantively, the first aim of creating Billcrypt is to create a single global system Blockchain Representatives offices (BR) to as a result allowing people to accumulate reliable information about themselves as a specialist, about the business and the created products and goods. Moreover, it will build unconditional trust and present reputation in a logical way to attract customers, partners, consumers, and investors’ intention. Also, it will serve users with reliable information and monetize their status. Then, it is purposed to create a piece of allowed consistent information, which agrees to any business for getting a solid foundation for its subsequent tokenization and any crowdsale types.

Website: https://www.billcrypt.io

The usage of BILС by Blockchain Representations for mutual settlements with the surrendering of mutual constitutional rights will create a regular cost of funds and increase the persistent demand for BILC. Over time, more and more BRs will be created on the platform, which will need BILC tokens as internal platform currency for effective development. This BILS tokens are actually needed for goods and services Payment, ViP acquisitions for intra-platform investment, guarantee amounts for placement on certain dates, funds attracting from the community of cryptofor investments in a wide range from IT projects to the tangible sector, payments to users as wages, and as payment of least possiblecharges for extra services of the platform in addition to the free package.

  1. Creating Realistic and Achievable Aims

 

Billcrypt is created for some realistic and achievable aims including, making an understandable, affordable and useful blockchain technology for all people around the world, creating an intuitive interface platform through Blockchain Representative (BR), and creating a global multifunctional. Additionally, it has an Intra-platform integration BR-2-BR, external integration with other projects, systems and services of Blockchain and integration with an offline business. The other is trying to evolve existing solutions and create an innovative brand-new economic model. Moreover, it has a valuable digital asset secured by Smart Contract codes of the ERC20 Standard on the Ethereum platform. One-time emission and limited to a total of 152 000 000 BILC. The token can be divided up to 0.00000001 BILC.

  1. Creating Economic Model Brand-New

What is meant by the evolutionary economic model is the development and increase in each BR capitalization automatically will increase the business volume. Billcrypt will make people all over the world easier and safe to communicate with the business they have already invested in. Furthermore, businesses and companies will simplify and make reliable contacts with their partners or investors. The integration system of Billcrypt also will create a global trust space in which any the needed information for decision – making is completely reliable. Substantively, the Billcrypt’s decentralized infrastructure is in security which will ease the interaction. It is guaranteed to increase the particular business efficiency and the overall capitalization.

The Billcrypt evolutionary token is a modern, innovative, high-tech and highly profitable way for investment. It is a key component of the system that offers internal mutual settlements.

Meanwhile, the Billcrypt digital asset is kept in the Ethereum blockchain and will persist for an indefinite period, even in the global scale catastrophe event, until at least one node of the blockchain network of many existing around the world will work.

All nodes are equal and independent. Data is stored decentralized and distributed all over the network. The system does not have a single owner who is able to manage it independently. Any changes in the system can take place only if most of the nodes accept and approve these changes.

Access to a digital asset BILC is carried out from anyplace in the world, in the existence of the Internet.

In summary, Billcrypt is providing all the participant with ready-made integration solutions for infrastructure and technology increating and managing virtual Blockchain Representation; developers can make their own DApp and link them to the platform, to receive a compensation from the owners of BR. The platform features will also be useful for analysts, forecasters and consultants.

That is the end of a little bit description about Billcrypt, especially for its project description, what is brought by Billcrypt platform and so on. Hope you enjoy reading this article. This article is far from the word perfect, but it may help you to recognize the new platform or system in blockchain technology.

Thank you for visiting this web! If you need more information, you can check these links out:

 

Ann Thread: https://bitcointalk.org/index.php?topic=5156161.0

Website: https://www.billcrypt.io?

White Paper: https://docs.wixstatic.com/ugd/2a8396_434624d0fe8246969f304fe7b0911ba3.pdf

Social media:

https://twitter.com/BILLCRYPT1

https://www.facebook.com/groups/BILLCRYPT/

https://t.me/BILLCRYPTnews

Posted by kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741

The Exploration of ISKRA Blockchain

The Exploration of ISKRA Blockchain

ISKRA is the blockchain system designed for the investment tool to save the capital and help children. Explore more about the ISKRA blockchain in this article.

The ISKRA is designed the new mechanism to allow the use of technology advancement blockchain technology to achieve the best way to help the children while having a secure investment, therefore, created the ISKRA cryptocurrency token. The token provides the resource to the independent and decentralized foundation called lucem fund that exists to help the children and its health, the resource will be used by the fund to execute the project with the amount that approved by the ISKRA community investor. The ISKRA token distribution includes private token and bounty for 9%, developers and diamond insurance 21 %, the fund for 60%, diamond insurance for 20%, developer 80 %, and pre token for 10%. Let’s check out this article information to know more about the ISKRA blockchain project.

The Review about ISKRA Blockchain

The ISKRA project has the strategic partner to run its business such as DIANOCHE the well-known diamond manufacturer and diamond jewellery retailer that have many customers also sell a high-quality product. The ISKRA also work with the token jar as the cryptocurrency exchange sites that always give the accurate value and projection value of cryptocurrency token. The ISKRA produce the cryptocurrency token to provide assistance to bring improvement to children around the world with the value of the cryptocurrency that also beneficial to the investor. The ISKRA token only can be used to help children and cannot be used to do the propaganda or purchase the weapon and illegal drug. Read more about the ISKRA project in the information down below.

The Fact You Must Know About ISKRA  Blockchain System

ISKRA Official Team

The ISKRA is developed by the expert team that consists of technology division, economic and accountant division, law division, and language division that lead by the CEO. The CEO of this blockchain company is DimitryOdinstov that is well known for its career as consulting and integration of blockchain advanced technologies in the middle east area and become notable as the qualified CEO since 2006 in the IT support company called APC  Computer. In technology division the company have Michael Tulchinsky as the Technology Adviser that have specialization for IT outsourcing and technical solutions, Mikhail Grinfeld as the Software Engineer Adviser that have various experience designing and developing the complex system, Mr.Dee as the System Adviser that have a good reputation in cybersecurity code developer for smart contract technical support.

In the economic division, the company have GeorgyLaskov that work as Product Adviser which have certified quality auditor and responsible to Pharmacovigilance, Julia Margulis as the accountant adviser that well known for its experience as the head accounts management at a big sales company, PavelJelnov as the Economic Adviser that his PhD in Economics field. In the law division, the company have Anastasia Avdonchenkova that have reputable experience in financial and investment holding that specializes in civil law, corporate law an securities, financial transactions and markets. Last, in the Language division, the company haveYuliaDvoryadkina that is Professional translator I many languages from Chinese, English and Russian Language for much small business and advertising agency.

Roadmap of  ISKRABlockchain System Project

The ISKRA company have the project roadmap to identify the scheme of project progression, the roadmap is consist of 4 phase Quatal 1, Quartal 2, Quartal 3, and Quatral 4 that will be executed in 2019. Quartal 1 is about the project preparation before launch, Quartal 2 is about the beta testing and promotion of the project, Quartal 3 is about the system integration and repairing time, Quartal 4 is the project running from the blockchain system to fund project execution. This 4 phase recently is already completed by the ISKRA and is moving into the program running, developing and improvement phase that will be framed into the new roadmap.

For the first roadmap in Quartal 1, its include the Smart Contract New Compilator, Visa or Master Card platform test, Smart Contract CCOH/ETH beta test. The quartal 2 is consist of voting platform + contract test starts, bounty + airdrops, pre token, beta test fund site, industry-wide adoption legal, voting app test start, bounty paid every 2 weeks. Quartal 3 is consist of listing, exchanges, voting platform+contract, dev beta wallet, voting app, first audit of the project, connect to UNICEF project, integrate with the web3 and fund site. The last is the quartal 4 that consists of the first children project, beta wallet test start, the beta test for the customer, first voting, developing learning app, etherum node start.

The Principal Base of ISKRA and Lucem Fund

The ISKRA and Lucem Fund team see that in the modern world more money is spent on servicing and maintaining the fund foundations than the foundation themselves spend the money on the actual project. Furthermore, the team saw to make the improvement in solving the social issue that specifically related to the children is needed the use of the technologies in the charity. The changing of this system, of course, need to have a long period and many participants to make the change happen. The ISKRA and LUCEM Fund were the first to see the opportunity to use digital technology to improve the fundraising system, foundation fund management, and involving many people to take part in the change.

The Realm of Work in  ISKRA

The ISKRA exist not only as of the investment platform to secure the capital with safety but also the chance to contribute to helping the children around the world through the health amenities. The ISKRA use the high advanced blockchain system to create cryptocurrency toke which can be used to donate to the charity managed by LucemFund .  The ISKRA token is the investor  symbol of contribution in the Lucem Fund that can be used to propose a project or voting the project so the investor can choose whom to help and how to help. Not only that the ISKRA token also has the real value that backed up with the diamond so it will be safe and also beneficial.

The Lucem Fund Profile

The Lucem Fund it the ISKRA  fund foundation that exists as the decentralized fund to help the children around the world. The Lucem activities are mainly focused to purchase and distributed the medical equipment and medicine to all health facilities in the entire world from hospital to clinic that does the health treatment to the children. The Lucem Fund will provide the fund audit, legal support, accounting, operational team that will be paid by the developer of ISKRA and Lucem.

The Lucem Fund collected resource will be used fully to purchase and delivery the health logistic to treat the children to be more healthy. The Lucem Fund also has a role as the executor to the project selected by the ISKRA participant vote in the voting procedure. The  Lucem Fund will give the documentation to the public about the ongoing project that includes transaction history, activities report, progress report, etc.

The ISKRA Token

The ISKRA token is the cryptocurrency token that has Ethereum type with specification ERC-20 Standard and limited edition purchase. The ISKRA token was also well known for its name Cryptocurrency of Hope(CCOH) that used to help the children health treatment in the lucem fund. ISKRA is the safest and valuable cryptocurrency that backed up with a diamond that stable and resistant to economic disaster.

The diamond exchange in ISKRA is based on the Rapaport price list and the legal certification GIA. Furthermore, it allows the ISKRA investor to have the pure price of diamond without the broker or middlemen. Because of that, it will make investor save their investment for 10 to 50% of the diamond cost.

The Benefit Purchase ISKRA Token

ISKRA blockchain token has the valuable advantage to purchase, first of all, it allows the buyer the flexibility to set direction, make the request with proper and get desired result and price of the investment. Second is there is no disturbing advertisement so you can do the investment with comfort. Third, the customer will get fast responses after buying the token. Fourth the platform is to allow the buyer to get the best offer their prefers and also become the perfect chance for the buyer to get a diamond exchange at the maximum price.

The ISKRA blockchain is all about the helping children essence, diamond value, trusted and legal, maximum decentralized and win-win business model. Remember the ISKRA token is not the company shares it represents the voice on the foundation. The ISKRA foundation very depends on the public ISKRA investor voting to make the change through the project to help children. You can discover more information about this blockchain system and token in theofficial  website and white paper comprehensive reading, furthermore to join the campaign to get free ISKRA token you can visit ANN thread.

ANN Thread: https://bitcointalk.org/index.php?topic=5082128

LucemFund  Official Website: https://lucem.fund/

ISKRA Official Website: https://iskra-coin.io/

ISKRA White Paper: http://bit.ly/iskra_wp

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1187741

Several Things Why You Should Use BIZpaye

Several Things Why You Should Use BIZpaye

BIZpaye is a unique trading platform which has a different system with a convenient way of trading. It’s been the first platform in modern trade history. The main goals of BIZpaye marketplace are to give you a flexible and convenient way to do a transaction. Not only for a big firm, but a BIZpaye system also helps the small and medium enterprises to liquidize the idle and generate more revenue.

Trade barter provider like BIZpaye, which will explain more detail next, is organizational commerce which provides a bookkeeping system for its clients and members. They do a transaction using an internal currency called trade dollars or trade credits. This is will be our point why you should use BIZpaye.

Barter systems today has been an effective way of saving your cash, increasing sales, moving inventory and maximizing your idle capacity. BIZpaye can be the best solution for your company to starting to go internationally without spending much money.

To be the members of BIZpaye, you have to join by initially completing some registration form. Once you done, you are officially the group member of BIZpaye. You can directly sell your goods or services or get it from other members. Every single transaction you do will give the benefit. You get the point in your personal account wallet and can be exchanged into rewards whenever. The information token crypto stored on your wallet is a public information, so all of memners can has the same ability to determine the transaction level.

Transaction System

Currently, the BIZpaye token currency as the part of BIZpaye international group companies has operated in 12 countries around the world using a franchise strategy. To be able to do this such kind of transactions, the members’ company using a credit token as their encrypted wallet.

The participants can exchange or do a barter transaction, which is a direct exchange of both goods or services for other goods or services as well without any medium such as money. All of the participants also can buy their token credits to other members as the main currency to exchange goods or services. That’s why this system also is known as a ‘trade’ or ‘barter’ industry.

 By using the     BIZpaye credit as the currency, BIZpaye’s participant could enjoy an efficient way to increase sales, cost saving and improving other financial performance. Before continuing our discussion bellow, there are two important terms you should know about BIZpaye credit:

  1. Utility token, is an application coins or users token. They have an access to enabling them to explore the provided goods or services by seller members.
  2. While Security token is kind of digital assets that gained its value from the external assets and available for traded.

Market overview

BIZpayeis a retail marketplace which has its unique name which generally known as “CRYPTO” which initiate that this is the instant name to recognize the coin as the main tool to doing a barter, trade, exchange goods and services, and other financial transaction.

Nowadays, more than 45.000 companies in the United States using BIZpaye crypto to doing a barter credit among partners. The un-joined company might be invited to using what is termed “being in credit” and it is possible to the partner company to doing a cash transaction and saving their money 50-70 percent per transaction.

BIZpaye also provides networking event such as Business Seminar, Top Trade events and many mores that generally aimed to help the company partners to promote their business to increase the profitability, improving the company images and profile among merchants members.

BIZpaye also provides networking event such as Business Seminar, Top Trade events and many mores that generally aimed to help the company partners to promote their business to increase the profitability, improving the company images and profile among members.

Actually, the base principal trading of BIZpaye credit is just the same with a conventional bank account. When bank account acquires you to pay the interest and has time to repay, the BIZpaye allows you to free from overdraft and paying the interest.

Why You Should Use Bizpaye?

After knowing some base definition about BIZpaye credit, now, we will give you information about the advantages of using BIZpaye. Here is some benefit when you are decided to using a cryptocurrency for your business transaction:

  1. Flexibility

As we know that BIZpaye credit using barter token and cryptocurrency as its main tool for doing transactions. This system allows the partners to expand their financial activities to cross the border without transaction limit and has no deadline.

BIZpaye also provides a free online business promotion to all of its members. Not only for a big company, a small and medium-sized enterprise also has the same opportunity to get the facility. Compared with n convenient ecommerce that requires the members to pay some advertisement fees, this system helps you to saving much money as your advertisement cost.

  1. Reducing Your Cash Expense

What is across in your mind for the first time when hearing about money exchange? It must be kind of wasting your currency to get a little bit dollar right? BIZpaye credit provides a fair exchange system using cryptocurrency, so it allows all the currency in the world to converted into a credit token. BIZpaye helps you to reduce your cash expense so you can increase your business cash flow.

BIZpaye also provides a free online business promotion to all of its members. Not only for a big company, a small and medium-sized enterprise also has the same opportunity to get the facility. Compared with n convenient e-commerce that requires the members to pay some advertisement fees, this system helps you to saving much money as your advertisement cost.

  1. Increasing Profit

As we explained earlier in the top, BIZpayeroutinely doing a networking event to socialize your business among partners around the world. This opportunity will help you to attract a new business colleague and attract a new customer. You can build a new contract to repeating their transaction which can be locally or internationally. You can get this benefit in every single transaction you do. Instead of requiring you to pay the interest, BIZpaye will promote your business freely and deliver a new customer to do a transaction with you.

This is can be a solution to improving your business performance by increasing sales and gain a higher profit. Besides that, you can save you many dollars by using cryptocurrency for doing transaction among partners especially international colleagues.

BIZpaye credit also can be applied for Business to Business (B2B) marketplace, Business to Consumer, even Business to the government marketplace. So.This systems widely reach every single marketplace.

  1. No Universal Currency

Since we know that BIZpaye using the cryptocurrency which means that it can be used in every single country, this will make a transaction among country can be easily compared and can be dominated in the same unit. By using a swap crypto systems, international trade can be as simple as domestic trade. This also affected in tourism system. For you who want to go abroad, you don’t need to worry about your currency. You can just easily use your trade credit without changing your currency to dollars or your destination country.

By a single currency as well, all of goods or services can have a minimum charged price. This is means that the benefit of being no universal currency is to improve cost efficiency, higher price transparency, and etc.

  1. Price Transparency

As we know that Bank is the most responsible financial institution to control all of the money flow. This is not without reason. The first objective is to monitor how much is money outstanding in a country. So, the government could avoid inflation and all of problems from over outstanding money.But nowadays, since the internet is a crucial part of all aspect like politics, social, culture, and economics, transparency can be easily achieved and accessed by all parties and stakeholders.

BIZpaye provides this kind of facility. By using cryptocurrency, seller and buyer can directly know who is managing their money. Blockchain technology, the provider system used by BIZpaye can be a solution to a single transaction by decentralizing ledger. So, both parties can see who is actually happening with their financial condition and who is controlling their fund. At the same time, they also can enjoy transparency when doing a peer-to-peer transaction, especially among country which typically needs much cost.

This condition helps stakeholders to improve their trust among partners and can affect to continuing the contract. Such condition has an impact on the business profit which typically increases as long as client trust is increased.

BIZpaye Ecosystem

As explained earlier in the top, BIZpaye is a commercial organization which consists of a group of clients and members. Every each of them has a different part to support the sustainability of the company. Just like a convenient market, the member of BIZpaye system interacts each other as the buyer and seller. This unique marketplace can be applied as B2B, B2C, C2C, and C2B.

  • Clients As A Buyer

A buyer member is an institution or individual who wants to get some goods or services from other members within an effective, efficient, trusted ways, and high speed through the available transaction medium.

To be identified as the buyer, members typically doing such activities: Searching good and services provided by other members, ordering goods or services, pay for purchased goods, receiving bonuses such as crypto rewards, and receive the other promotions such as purchase discount,  promotion, and so on.

  • Members As Sellers

Has a contrary defined term with a buyer, members as seller are parties which can be individual or company who provide the goods or services and willing to sell them.

Just the same with the buyer, they also have some specific action to distinguish them from the buyer.

The seller members usually promote their goods or services in the BIZpaye account and publish them, delivering the goods or services when there is order and they have a right to claim revenue after the transaction, giving some promotion to other members as its consumer, and also providing some feedbacks.

  • Payment

In e-commerce payment methods, we usually found some inconvenient in term of lack of trust among sellers and buyers. By using BIZpaye trade and BIZpaye crypto swap platform, both parties can directly control what should they do, and what are their partners do.  Those two BIZpaye platforms can eliminate or at least reducing trustless information and financial activities from both parties.

Even this is more transparent rather than convenient e-commerce, there is a principal manner that should be done by the seller and buyer. Both of them should create a contract to determine the detailed action should be fulfilled by both parties. The buyer can directly determine when their purchased goods or services should be delivered and what kind of payment method is chosen to do. While the seller can determine when the payment is received, what kind of benefit they provide for its consumer.

That’s all some aspect and consideration why you should use BIZpaye. Before you are determined to use this system, please search as much as possible the information about this system. You can read this article as initial actions. Even this is globalization era where the internet holds an important part of our life especially in economics, you have to be well informed before doing anything.

Once you are certain to do, you can maximize your business transaction by expanding your commerce activities borderless among the country. You are possible to gain much profit by reducing your cash expenses and doing an efficient transaction. The Decentralized currency also will give your business impact to reduce the exchange fees either. Besides that, you can use the BIZpaye system for personal purpose. One dollar you spend from your token credit is a real saving dollars in your bank account.

Guess What, Cryptocurrency Exchange Problems and Its Solutions

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!

  1. Weak Technical Architecture

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.

  1. Lack of Security

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.

  1. Low Market Liquidity

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.

  1. Poor Customer Service

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.

  1. Trading fees

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.

  1. Trading pairs

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!

Join Super Airdrop:

If you need further information, you can check it in this link:

Ann Thread: https://bitcointalk.org/index.php?topic=5111223.0

Website: https://www.bcnex.net/?lang=en

White Paper: https://www.bcnex.net/BCNEX_WP_ENG.html

Social Media:

https://twitter.com/bcnex_net
https://www.facebook.com/bcnex.net
https://t.me/Bcnex_Official

Posted by: kurniawan05

https://bitcointalk.org/index.php?action=profile;u=1187741