The digital asset world authenticity and reliability is on the decrease in recent times due to the fact of high level of insecurity during operations and its transparency level is very low which has limit the progress of various online digital asset platform and which has made many users lose their trust in operating in these platforms. A system needs to be put in place to increase the transparency and also improve the security level of the platform.
LIMITATIONS FACED BY VARIOUS ONLINE DIGITAL ASSET PLATFORMS
The improper optimization of various blockchain protocols
Most digital asset platforms are not secured and they lack a good clearing solution system
Most digital platforms are not focused on the sole aim of making and adding value to the business activities of their users.
CONTRIBUTIONS OF DAEX TO THE IMPROVEMENT OF VARIOUS DIGITAL ASSET PLATFORM
Daex has lots of features that will go a long way to improve and also add value to the digital asset world and these features are:
Daex provides a strong identity identification procedure coupled with a sound registration of users’ asset which reduces several irregularities.
Daex is introducing a digital wallet system that fosters the management of digital assets which will be hosted on the blockchain ecosystem.
The operation of daex is boosted by a decentralized system that gives every user the opportunity to participate in the platform and also adding and creating more value to the asset of these individuals.
The use of a smart contract based protocol prevents irrelevant intervention of third parties into the system.
WAYS TO MAKE BUSINESS ACTIVITIES BE IMPROVED USING THE DAEX TECHNOOGIES
One of the main goals of any enterprise is to maximize profit and using Daex to achieve this goal has its benefits in terms of:
Giving the owner to full ownership of any data given to the platform and this limits the activies of falsification.
Using daex clearing and settlement system makes sure that data activities are seriously synchronized.
IMPORTANCE OF USING THE DAEX CLEARING SYSTEM
The Daex clearing makes use of a consensus mechanism which in a long run increases the accountability of the Daex ecosystem and also in the aspect of distributed ledger system the Daex ecosystem makes it more efficient and more reliable and this in a long run prevents inefficiency when using the platform. In addition, the benefits of using blockchain scalability system increases the business scope of the system and thereby providing more opportunities for future transactions. Also, the using all these features makes the Daex platform a more reliable and secured platform to venture into.
In conclusion, the Daexplatform creates reliability and improves the security and privacy principle of users in the aspect of improvement of synchronization of the data asset using the Daex clearing system and also the Daex system operates on a decentralized platform which improves users interactions within the group. The introduction of the digital wallet system and also smart contract system by Daex improves the full ownership of the users’ asset making them control how to utilize their asset transactions effectively.
For more information on DAEX project use the links below:
Official website: https://www.daex.io
Whitepaper: https://daex.io/whitepaper.html
️Twitter: https://twitter.com/DaexBlockchain
Telegram: https://t.me/DAEXOfficial_en
Reddit: https://www.reddit.com/r/DAEX_Blockchain/
Authors Bitcointalk Username: Omar31
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1376073
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