Exonium Exchange
Published in

Exonium Exchange

Friction in Blockchain: tEXO as a Solution 区块链摩擦:作为解决方案的嘉库DEX — tEXO

Blockchain technology removes friction in existing processes by providing an infrastructure that shares information in a secure and efficient way. 区块链技术通过提供以安全有效的方式共享信息的基础架构,消除了现有流程中的摩擦。

Blockchain distributed ledger is a type of database that is shared, replicated and synchronized across all members of the decentralized network. Transactions like the exchange of digital assets by users of the network are all recorded on the ledger. Records which are updated on the ledger are agreed upon using consensus mechanisms by members of a network. This also means that the network is governed by all members and no intermediaries or centralised authority is involved. Every record in a blockchain distributed ledger has a timestamp and unique cryptographic signature enabling the ledger to be auditable. This also means that the historical transaction in the network is immutable.

The current world is all connected and integrated which means business activity takes place in business networks that span across national, geographic and jurisdictional boundaries. One can compare a business ledger to how a blockchain distributed ledger can be utilized.

Let’s picture the consistency in business ledgers. Business activity often occurs at a marketplace where the members such as suppliers, producers or any stakeholders exercise their rights and entitlement on assets which are items with value tied to them. These assets can be tangible like properties or intangible like stocks.

The transaction that produces value on this business network occurs when the assets ownership is transferred. These transactions usually involve various individuals like buyers, sellers and intermediaries where all the agreements and contracts are recorded in a ledger. Businesses use multiple ledgers to keep track of things, more so on those that have multiple lines of business.

These ledgers are simply a system that have all business activities recorded. Looking at the description above, we can see that business ledger used currently is not effective or efficient. Aside from being inefficient and costly, they are also subject to being tampered.

The probability of disputes caused by lack of transparency increases which could possibly raise the cost tremendously as reversing transactions and providing insurance is expensive. The tendency for corruption and fraud is also higher which can lead to missed opportunities. There are also times where certain ledgers are not updated causing delayed actions or worse, business decisions made based on historical and inaccurate data.

All the mentioned issues from the current business ledger can be eliminated if not all improved by using a blockchain based distributed business ledger. An example of this is where different business segments store or maintain their own business ledgers. The duplication of this could cause discrepancies which will result in a scenario where disputes happen requiring a much longer time for settlement and cost associated in resolving these disputes. By using blockchain based ledgers, this risk can be eliminated as those transactions once written and validated, cannot be altered which greatly reduces cost due to the risk and time saving. Blockchain consensus mechanisms also produce
consistent datasets which will greatly reduce errors and also allows members to alter certain data elements when a consensus is reached.

From a security perspective, blockchain technology also increases trust and integrity as the origin of the source pertaining to the information on the ledger is not owned by one of the participants of the network. By being immutable, businesses also benefit from the lowered cost of audits and improved transparency from a compliance perspective. Being immutable also means that activity executed on blockchain based business network is automated and final which leads to faster execution and reduced risk enabling a better revenue stream model for clients’ interaction.

Ever since the 1960s, the global economy has been in the process of digitisation. We often see how digital technologies are being used to improve business processes by enabling delivering of results in a safe and fast manner.

Blockchain technology is an improved version of digital technology
where one can use it as an exchange of value. With the ongoing optimization and evolution of Blockchain technology, enterprise grade blockchain technology features key characteristics like a shared, permissioned ledger visible to all authenticated members and consensus protocols agreed by
participants on the business network. Besides that, there is also the use of cryptography elements and Hyperledger Fabric like chaincode to maintain the integrity of the transaction.

With that being said, there are many challenges ahead that can recognize blockchain’s disruptive value before mass adoption. Issues in areas related to legality, technology and cooperation will need to be solved as well. In terms of compliance, governments will develop new regulation in time which is causing blockchain based businesses to progress slowly due to compliance factors. When we mention compliance, one could be compliant the one day, and be noncompliant the next.

There is no regulation that defines the standardisation to follow which limits the technologies ability to scale. The major technological factors also require mass cooperation from different businesses to create the required network effect. In the business world of today, competition tends to have a higher ratio which could lead to slow adoption from this frontier. However, looking at how the world’s economy is changing, businesses that align with the ow of innovation are moving towards the path of building a reputable solution while saving costs at the same time.

Blockchain technologies represent a fundamentally new way on how business is transacted. Blockchain together with the use of smart contracts and digital assets will enable a much safer, faster, efficient and scalable solution. Together with the inclusion of more participants will drive the path toward a more decentralized manner. Blockchain technology can also deeply change the way we organize and dene economic activities.

ExoniumDEX ($tEXO) as a Solution

BSC, ERC20, POLKADOT some of the many other popular blockchain empowering the DeFi ecosystem.

$tEXO is a next generation dApps powerhouse supporting projects based on various ecosystem. We serve as a modernised super-dAPP where you have access to a variety of protocols.

$tEXO has a comprehensive interoperable DeFi solution that aims to integrate projects from different blockchain protocols to enable an interoperable DeFi ecosystem within $tEXO.

Decentralized Apps are making huge progress but the current blockchain ecosystem is not prepared to scale as per the demand. The issues of slow block confirmations and high gas fees need to be solved before we target mass adoption by mainstream users. Most importantly, it needs a great user experience. We aim to change that by simplifying the interaction between users and the decentralized world. We want to make interacting with the decentralized ecosystem so easy that anyone can do so without worrying about the complexity of the underlying system.

ExoniumDEX is developing a blockchain-based platform that aims to provide a bridge between synthetic assets and fiat money, cryptocurrencies, stocks and other financial instruments.

The recent expansion of DeFi projects brought multiple innovative platforms to the ecosystem but most projects are still centralized or governed by a small group of participants making it difficult to make a smooth integration with other platforms.

We aim to aggregate all current and future DeFi applications under the same ecosystem that can be managed in a decentralized way without unnecessary fragmentation. This approach will allow for quick development and a more efficient market for users.

DeFi protocols like tEXO are the future for savvy investors to mitigate regulatory risk in a world of uncertainty. CEX can always pause withdrawals and has control over your funds. With a DEX, you remain in full control.

The future of finance belongs to the people.

Twitter

Telegram

Facebook

Linkedln

区块链分布式分类帐是一种数据库类型,可在分散网络的所有成员之间共享,复制和同步。网络用户交换数字资产之类的交易都记录在分类帐中。网络成员使用共识机制就分类账上更新的记录达成一致。这也意味着该网络由所有成员管理,并且不涉及任何中介机构或中央机构。区块链分布式分类帐中的每条记录都有时间戳和唯一的加密签名,从而使分类帐可被审计。这也意味着网络中的历史交易是不可变的。

当前世界是相互连接和整合的,这意味着业务活动发生在跨越国家,地理和管辖范围的业务网络中。可以将业务分类帐与如何利用区块链分布式分类帐进行比较。

让我们想象一下业务分类帐中的一致性。商业活动通常发生在市场上,在该市场上,诸如供应商,生产商或任何利益相关者之类的成员对与资产相关的物品行使其权利和应享权利。这些资产可以像财产一样有形,也可以像股票一样无形。

资产所有权转移时,将在此业务网络上产生价值的交易发生。这些交易通常涉及各种个人,例如买方,卖方和中间人,所有协议和合同都记录在分类帐中。企业使用多个分类帐来跟踪事物,具有多个业务类别的企业则更是如此。

这些分类帐只是一个记录了所有业务活动的系统。通过上面的描述,我们可以看到当前使用的业务分类账不是有效的还是高效的。除了效率低下和成本高昂外,它们还受到篡改。

由于缺乏透明度导致的纠纷可能性增加,这可能会极大地增加成本,因为冲销交易和提供保险很昂贵。腐败和欺诈的趋势也更高,这可能导致错过机会。在某些情况下,某些分类帐还没有更新,这会导致行动延迟甚至更糟,这是基于历史数据和不准确数据做出的业务决策。

如果不能通过使用基于区块链的分布式业务分类帐来改善所有问题,则可以消除当前业务分类帐中提到的所有问题。例如,不同的业务部门存储或维护自己的业务分类帐。重复这样做可能会导致差异,从而导致发生争端的情况,需要更长的解决时间和解决这些争端的相关费用。通过使用基于区块链的分类帐,可以消除这种风险,因为一旦进行了交易和验证,这些交易就无法更改,由于风险和节省时间,大大降低了成本。区块链共识机制也产生
一致的数据集,这将大大减少错误,还允许成员在达成共识时更改某些数据元素。

从安全角度来看,区块链技术还提高了信任度和完整性,因为与分类账信息有关的源的来源不是网络参与者之一所拥有。通过一成不变,从合规性角度来看,企业还可以从降低的审计成本和提高的透明度中受益。不可改变还意味着在基于区块链的业务网络上执行的活动是自动化且最终的,这导致执行速度更快且风险降低,从而为客户的交互提供了更好的收入流模型。
自1960年代以来,全球经济一直处于数字化进程。我们经常看到如何使用数字技术通过安全快速地交付结果来改善业务流程。

区块链技术是数字技术的改进版本可以将其用作价值交换的地方。随着区块链技术的不断优化和发展,企业级区块链技术具有关键特征,例如所有经过身份验证的成员都可以看到共享的,经许可的分类帐,以及由
商业网络上的参与者。除此之外,还使用加密元素和Hyperledger Fabric之类的链码来维护事务的完整性。

话虽这么说,但在面临大量挑战之前,可以在大规模采用之前认识到区块链的破坏性价值。与合法性,技术和合作有关的领域的问题也将需要解决。在合规方面,政府将及时制定新法规,由于合规因素,导致基于区块链的业务发展缓慢。当我们提到合规性时,一天可能合规,而第二天可能不合规。

没有法规定义要遵循的标准化,从而限制了技术的扩展能力。主要的技术因素还需要来自不同企业的大规模合作,以创造所需的网络效应。在当今的商业世界中,竞争的比例往往更高,这可能会导致该领域的采用缓慢。但是,从世界经济变化的角度来看,与创新相呼应的企业正朝着建立信誉良好的解决方案的方向发展,同时又节省了成本。

区块链技术代表了一种全新的业务交易方式。区块链与智能合约和数字资产的使用将实现更安全,更快,有效和可扩展的解决方案。加上更多参与者的参与,将推动道路向更分散的方式发展。区块链技术还可以深刻改变我们组织和定义经济活动的方式。

嘉库DEX — tEXO

BSC,ERC20,POLKADOT 是支持分散式金融生态系统的许多其他流行区块链其中之一。

嘉库DEX $tEXO 是下一代强大的去中心化应用,支持基于各种生态系统的项目。我们充当现代化的超级去中心化应用,您可以在其中使用各种区块链协议。

嘉库DEX ($tEXO) 具有全面的可互操作的分散式金融解决方案,旨在集成来自不同区块链协议的项目,以在 嘉库DEX ($tEXO) 内实现可互操作的分散式金融生态系统。

去中心化应用程序正在取得巨大进展,但当前的区块链生态系统尚未准备好根据需求进行扩展。在我们瞄准主流用户的大规模采用之前,需要解决区块确认缓慢和天然气费高的问题。最重要的是,它需要出色的用户体验。我们旨在通过简化用户与去中心化世界之间的互动来改变这种状况。我们希望与分散式生态系统的交互变得如此轻松,以至于任何人都可以这样做而不必担心底层系统的复杂性。

嘉库DEX正在开发基于区块链的平台,旨在在合成资产与法定货币,加密货币,股票和其他金融工具之间架起桥梁。

DeFi项目的最新扩展为生态系统带来了多个创新平台,但是大多数项目仍处于集中或由一小部分参与者支配的状况,因此很难与其他平台顺利集成。
我们的目标是将所有当前和将来的DeFi应用程序聚合在同一个生态系统中,并且可以以分散的方式进行管理,而不会造成不必要的分散。这种方法将为用户带来快速的发展和更有效的市场。

像tEXO这样的DeFi协议是精明的投资者在不确定性世界中减轻监管风险的未来。 CEX始终可以暂停取款并控制您的资金。使用DEX,您可以完全控制。
金融的未来属于人民。

推特: https://twitter.com/ExoniumDex

电报: https://t.me/exoniumofficial

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store