Hello everyone! In the last installment of our weekly blog series “Why did we choose the EOS public chain, where are we going to in the future?”, we talked that the EOS public chain’s own powerful performance and advantages over other public chains, and we explained why we have strong faith in EOS chain. Today we want to discuss with you, the Smart Contract Newdex is about to launch.
Since the launch of Newdex last year, there have been some doubts. Some users believe that Newdex is a fake Decentralized Exchange because we have not deployed smart contracts. Smart contract has many advantages, but it is not omnipotent. Hackers can exploit the vulnerabilities of smart contract to attack it and make a profit for themselves. We are really cautious about safety issue of smart contract , while weigh the convenience, transparency, and security risks that smart contracts bring.
After investing a lot of money and practice, we finally completed the development of smart contracts for matching and settlement on chain. Now we have handed over to two well-known security companies (Slow Mist, Peck Shield) for security audits. It is expected to be officially launched soon.
After the smart contract is launched, it will be preferentially placed in trading pairs with a small transaction volume. Because safety is always our most important thing.
Next, we will also tell you about Newdex’s product design ideas and platform profit model. Welcome to follow us on Twitter: https://twitter.com/NewdexOfficial