Why an exchange for miners is a necessity
There are several key differences between traditional fiat and the new digital currencies. Traditionally, national fiat is based on the supply and demand of the market — not too dissimilar to digital currencies. However, what makes these digital currencies unique is the fact that they can actually provide the added utility that transcends beyond the store of value and a means of exchange. This is relevant to Abelian’s future project of creating a decentralized exchange.
User incentives are created to use the Abelian exchange and mining platform by offering a discount to entry. With the entry into the exchange and platform, each individual will have access to the provided professional tools and use of the simple intuitive user interface. As our user base starts to grow, there will be a larger demand for new and useful tools. We will continually add new features and pay close attention to which tools specifically are most relevant to our users.
To start, the exchange platform will support 4 of the big cryptocurrencies: Bitcoin, Litecoin, Ethereum and Bitcoin Cash. With a rapidly changing market, it is crucial to provide what have been historically some of the most stable coins in terms of market valuation and liquidity. Down the road, Abelian will expand support for a variety of other coins as well. This process will be made increasingly safer and secure over time by introducing the power of a decentralized network. It is vital in the long term that we support all the most relevant tokens and eventually be a prime location for new and credible companies to launch their respective coin. This is all possible and subject on Abelian becoming a registered dealer. This will ensure we remain legally compliant in each respective jurisdiction. Similar to the mining platform, we will continue our development and support for multiple languages, gaining access to a wide range of miners, investors, and traders around the world.
There are several aspects of the exchange platform that will see the most investment: Software performance, blockchain integration, hardware and physical performance. These 4 factors are mandatory in seeking the development of a state-of-the-art exchange. Creating a high-performance exchange requires both the physical capacity and software design strategies to mold together in a seamless fashion.
As most of you already know, mobile devices (especially in Asia) are a major platform that will need to be utilized in order to create universal support for Abelian’s mining and exchange platform. Abelian seeks to develop compatibility on the major operating systems including: Windows, Linux, Android, and iOS. With such a broad placement, security is a priority. To facilitate secure connections, exchange operations, and 3rd party integrations regular system checks are required. Data logs of activities will run through correlation analysis to identify suspicious connections and operations. An immediate response will be supplied. Security will be an automated process to allow perpetual monitoring.
With trading and exchange opportunities constantly emerging and disappearing, there will be a demand for news feeds to keep users up-to-date with market information. Infrastructure will be in place to provide a Tier-1 Service Level Agreement (SLA). This includes the development of load balancing, geographical redundancy and cloud infrastructure that is required to undertake this task.
At the end of the day, it is incredibly useful for miners to have an exchange to explore trading opportunities with their newly acquired tokens. It is also opportunistic for traders to get into mining to capitalize on those potential profits. The seamless integration is precisely what Abelian is trying to accomplish. With a decentralized exchange, Abelian will securely allow the listing of new and mainstream coins. The platform will be universal in both language and device accessibility. It will also provide miners and traders with the essential tools to make informed and accurate decisions. Needless to say, trading and mining cryptocurrencies will never be simpler or more secure.
