Dear Arthur-EX Community:
We recently held an AMA with Crypto Stalkers on January 6 in their telegram group, focusing on questions around Arthur-EX.
Here is the AMA recap below:
Q1. Can you introduce yourselves, and describe what the Arthur-EX project is. How did you start?
I am Jacob, the COO of Arthur-EX. I have 6 years of operational experience in the blockchain industry, and also have been operating and investing in some blockchain projects in Europe and the US. I am glad to be here to share everything about Arthur-EX.
ARTHUR-EX is a high-speed, safe, and credible decentralized cross-chain digital asset trading platform underlying system. It is a decentralized exchange built by a one-stop solution provider for digital asset exchanges using the independently developed Arthur API open framework. It can share liquidity and adopts the high-performance cross-chain transaction protocol Arthur-Swap. The trading platform using the Arthur-EX ecosystem supports rapid transactions on multiple public chains including BTC, TAF, ETH, and tokens on the chain. As a new generation trading platform implemented using Peer-to-Peer technology, its operation, security, settlement, and fees are more transparent than the current centralized digital asset trading.
Q2. We would like to know more about the concept and how it works?
As a cutting-edge technology enterprise in the blockchain ecosystem, ARTHUR-EX has built a blockchain underlying technology service platform with independent intellectual property rights. It builds the infrastructure of digital currency financial security protection through the layout of the bottom chain ecology, exchange ecology, and application layer ecology, and creates a trillion digital currency transaction ecosystem!
Bottom chain ecology: provide the bottom public chain and corresponding developer tools, including smart contracts, cross-chain gateways, cross-chain protocols, SDK and API, contract engines, and on-chain governance.
Exchange ecology: provides exchange franchise, digital currency issuance, public and private placement, currency management, legal currency + stable currency, matching transactions, contract leverage, digital wallet, asset management, insurance wealth management, reasonable compliance supervision and other services based on the ecology of the trading circle.
Application layer ecology provides inclusive finance, cross-border transfers, clearing and settlement, mobile delivery tools, social communications, deposit traceability, market data, game entertainment, data rights, monitoring applications, and other services based on the application layer ecology.
Based on the all-round layout of the underlying chain ecology, exchange ecology, and application layer ecology using blockchain technology, continuously derive new technological innovation capabilities, and increase investment in the five core links of asset issuance, placement, market data, circulation transactions, and monitoring applications, so as to achieve full-scene coverage of the underlying infrastructure of ARTHUR-EX.
Based on the existing resources of the ARTHUR ecosystem and the comprehensive coverage of the technical service system, continuously expand the field of technology and business services through the resource synergy and complementary advantages within the AECO series ecosystem, so as to provide high-quality, efficient, and full-scene ecological services to the outside world.
Q3. What are your plans in the near and in the distant future?
Our testnet campaigns are in full swing right now. Features such as issuing a token with one click, creating an exchange with one click are online now, and the minting NFT feature will go live very soon, come and try it out, guys! Testnet links: https://aecotestnet.arthurex.com/
Arthur-EX’ s application scenarios include digital currency exchange transactions, creating an exchange by one click, issuance service, financial and insurance services, one-click aggregated mortgage lending, digital assets custody, and all other scenarios related to Defi. At present, features including issuing tokens, creating an exchange, minting NFT are online on our testnet.
This year, we will work to improve the core functions of the decentralized exchange and successively launch full-scenario services based on digital currency trading.
Q4. To gain more trust, can you tell us more about the investors and backers of AECO? Please drop your roadmap
Arthur-EX’ s investors include Dalma Capital, Cointelegraph, Sora Ventures, and other world-leading investment companies and media. ARTHUR-EX does not want to disclose the early investment institutions to speculate the price of the coin, thus affecting the users who really want to participate in the ecological construction.
Here is our roadmap.
Q5. May I ask at this point, do you already have some partnerships lined up?
Yes.
We have established research laboratories with famous universities such as The University of Glasgow in the UK and Stanford University in the US.
The development members include developers from all over the world. The technical team has conducted in-depth research on the cross-chain direction and has rich experience in big data analysis and mining and blockchain-related work. In addition, we are also connecting to many internationally reputed media and communities.
Q6. ARTHUR-EX through its restrictive Arthur-Swap superior execution cross-chain exchange convention upholds in excess of 20 public chains, including BTC, TAF, and ETH. What are the procedures to offer a fast, protected, and solid cross-chain framework?
To achieve top-notch information flow processing capabilities and ensure accurate information arrival and error-free processing results, the underlying ARTHUR-EX transaction system uses the self-developed high-performance cross-chain transaction protocol Arthur-Swap. According to tests, the protocol can achieve the ultimate peak transaction speed of 140,000 TPS in a normal transaction environment. The transaction efficiency is far higher than that of the industry, providing basic technical support for the stable and efficient operation of the platform. In addition, the ARTHUR-EX trading bottom system will integrate and optimize the cloud computing configuration of each node, so that ARTHUR-EX can far exceed the processing speed of the top international stock futures trading platform.
Arthur-EX is a redundant expansion system based on load balancing. Load balancing means to install one or more pieces of software in the operating system of one or more servers, such as DNS Load Balance and CheckPoint Firewall-1 ConnectControl. It features environment-based, simple configuration, flexible use, low cost, and meets most of the load balancing needs.
The ARTHUR-EX platform achieves load balancing in the following three levels:
(1) User to the front-end server
(2) Front-end server to internal back-end platform layer
(3) Automatic load
Q7. What are the comparative advantages of decentralized cross-chain digital assets Arthur-EX in against traditional stock exchanges (NYSE) and traditional centralized exchanges(Binance)?
At present, centralized exchanges dominate the connection between blockchain and users, which completely deviates from the purpose of decentralization. The booming decentralization movement eventually connects to real life through a centralized mechanism, which is unacceptable.
The current digital currency exchanges on the market always have many problems that restrict the industry development, such as high listing fees, opaque transactions, incomplete asset protection, and insufficient stability. Many trading market issues have discouraged a large number of interested investors. At present, the digital currency market urgently needs a safe, fair, and stable trading platform to promote the gradual transition of digital currency transactions from a centralized market to a decentralized market in the future.
AECO will achieve complete decentralization without centralized control. Listing, trading, and asset access are all managed by smart contracts, preventing human intervention. All transaction records are recorded on the chain ledger of the settlement center, which is open, transparent, traceable, and tamper-proof. This subverts traditional stock exchanges (Nasdaq, NYSE) and traditional digital currency centralized exchanges (Huobi, Binance).
Q8. Arthur-EX is committed to creating a new generation innovative digital asset trading platform underlying system. How do you bring innovation in metaverse and Defi?
It’s a great question. Many people compare DeFi to Lego because smart contracts and protocols related to decentralized finance can be freely combined like Lego, giving birth to decentralized stable coins, exchanges, lending platforms, synthetic assets, derivative commodities, etc. However, at present, general users still play the role of a participant in DeFi, which does not achieve true decentralization. I think the most attractive point of Arthur-EX is that it allows all users to turn from Defi participants to Defi creators. With the addition of Arthur-ex underlying technology, users can easily build their own decentralized exchanges, their own decentralized platforms, and even create their own metaverse in the world of Defi.
Q9. How Uv Token wallet secures our assets. Is this the only wallet that supports AECO? If I want to register on Uv Token wallet, will KYC be required?
The private key is completely self-holding, the assets are fully protected, and all your digital currencies are safe with a set of mnemonic codes
Multiple encryption algorithms and verification ensure the safety of your digital assets
AECO is on BSC, theoretically, all wallets that support BSC can support AECO, UV Token Wallet is a fully decentralized wallet, no KYC is required to use all its functions.
Q10. As far as I know, Arthur-EX’s main network is about to be launched, but we haven’t seen AECO’s relevant plans yet. However, many projects have already issued money and started public fundraising at the concept stage. What is the reason?
First of all, the development funds we got from the early private placement are enough to support the technology development of our project so far, so we don’t need to get more funds by public offering too early, we prefer to focus on the technology development and implementations first. Secondly, we believe that the price of the coin should not be controlled by the concept and the so-called project endorsement, but we should wait until all functions are implemented and let the users decide the value of the project. At the same time, ARTHUR-EX also does not want to disclose the early investment institutions to speculate the price of the coin, thus affecting the users who really want to participate in the ecological construction.
Official Links：
Official Website: https://www.arthurex.com/
Twitter: https://twitter.com/@ArthurExOF
Medium: https://medium.com/arthur-ex
Telegram: https://t.me/ArthurEXoF
Discord: https://discord.gg/E3DTahK74b
