Daex Blockchain
What is Daex?
DAEX (Digital Assets Exchange), which is a Chinese-based project implementing a clearing and settlement solution for centralized exchanges, is one such project worth taking a look at. A closer look at DAEX will show that the solution they are developing has a real demand in the current (and upcoming) cryptocurrency market.

The Goal of Daex
The goal of DAEX is to provide a better infrastructure for the cryptocurrency trading industry by taking the reasonable parts of the mainstream securities trading industry and by taking advantages of new opportunities brought about by the distributed ledger technology. Specifically, trading and clearing will be separated into different entities. Current centralized exchanges will continue to provide trading service. But the clearing work will be handled over to a common clearing service which is based on the DAEX solution. But, different from current centralized clearing services, the DAEX clearing service is based on distributed ledger technology. The distributed ledger technology guarantees that trades are correctly and safely cleared and settled. By using distributed ledger technology, trader’s assets are kept in their own accounts on the blockchain. No one else can access traders’ assets without their permissions. This effectively removes trader’s asset risks in current centralized exchanges. The DAEX solution will be an open sourced clearing service based on a public blockchain.
The Daex Ecosystem

- DAEX WALLET: Supporting multiple assets for both enterprise and individual level customers.
- DAEX CLEARING CHAIN: A public clearing chain supports cross chain clearing for digital assets.
- DAEX FUND: Supporting investments of cryptocurrency exchanges and wallets, cross chain solutions and asset management projects.
DAEX ecosystem is composed of a clearing service that is based on distributed ledger technology, centralized exchanges and user wallets. Traders use their wallets to perform trades on exchanges. After trades are matched at exchanges, exchanges send matched trades to the clearing service. The clearing service CaaS is performed by smart contracts on the distributed ledger technology. During the initial phase of DAEX, cryptocurrencies will be serviced. During future phases of DAEX, cryptocurrency derivatives will be serviced. That is, DAEX will provide clearing service for cryptocurrency derivatives traded on exchanges.
The clear solution

The clearing chain is the core of the DAEX clearing ecosystem. It provides clearing and settlement services to both individual and institution users. It is an open sourced cryptocurrency clearing solution based on distributed ledger technology. This chain is deployed on multiple nodes on a public cloud. It uses one kind of POS consensus mechanism to validate transactions.
The Roadmap

The DAEX Team



For more information about DAEX,:
Website: https://www.daex.io/
Twitter: https://twitter.com/DaexBlockchain
Telegram: https://t.me/DAEXOfficial_en
Author: peter pham
Profile: https://bitcointalk.org/index.php?action=profile;u=1665494
Eth: 0xb7BD115D1e4ace4d0bc13bAfdA3b544d2c7dbbfF
