Coin an decentralized exchange
Publish: 2021-03-25 04:07:08
1. Centralized exchange and decentralized exchange have their own advantages and disadvantages, and the difference is very obvious. Let's take a look at the centralized exchange first. To put it bluntly, the trading mechanism of the centralized exchange is actually similar to our traditional stock trading
the first step is to register (open an account) and set the password. The second step is user authentication (KYC). The third step is to recharge. Here comes the key. The third step is the most important. Because you need to charge money to your address in the exchange before you can trade money in the exchange. The address of the exchange is actually a wallet address, but the ownership of the wallet is not the user, but the exchange, that is to say, the private key of the address, you don't have it!!! Do you understand the meaning
well, after recharging, the transaction is finished. The user submits the instruction (hanging order) to the server, and then the exchange will be responsible for matching the transaction, which is exactly the same as the stock. The last is cash withdrawal (withdrawal of currency). Users can send instructions to transfer the currency from the exchange address to their wallet address. The above is the trading mechanism of the centralized exchange. In these steps, all actions will have costs. No matter you recharge, trade or withdraw money, gas and handling charges can't escape
then let's look at the decentralized exchange. The trading mechanism is different from the centralized exchange. The first step is to register (open an account) and set the password. It doesn't make any difference. But then it's a little different. KYC is not used. But because there is a private key, the ownership of this address is completely controlled by the user. The second step is recharging. This is not very different from the centralized exchange. You still have to make your own gas
after recharging, we can also trade in the decentralized exchange. Users can also register orders, and exchanges will also be responsible for matching transactions, but the matching is done by smart contracts. Finally, cash withdrawal (withdrawal of currency) is initiated. After withdrawing currency, users can directly transfer the currency from the address of the exchange to their wallet address. This step is the same as that of the centralized exchange
the above is the trading mechanism of centralized and decentralized exchanges, and the difference between them is also obvious. Because all currencies in the central exchange are under its control, the trading efficiency is very high, and it is similar to the stock trading process, convenient and suitable for most users. Conversely, the risk lies in this. If the exchange itself loses its integrity or is attacked by hackers, the user's capital (currency) is not guaranteed
all the transaction processes of decentralized exchanges are completed by smart contracts, so the transaction efficiency is relatively low (TPS of blockchain technology has always been a soft rib), but relatively, the capital (currency) is completely in the hands of users, so the security is relatively high. In addition, there are also KYC, where KYC is needed for centralization, but not for decentralization, and the security of personal information is relatively high. Compared with the decentralized exchange, the advantages of the centralized exchange lie in the trading depth and the number of users, which are unmatched by the decentralized exchange
therefore, centralization and decentralization have their own advantages and disadvantages. It depends on the user's own choice. They like convenient, centralized, secure and decentralized.
the first step is to register (open an account) and set the password. The second step is user authentication (KYC). The third step is to recharge. Here comes the key. The third step is the most important. Because you need to charge money to your address in the exchange before you can trade money in the exchange. The address of the exchange is actually a wallet address, but the ownership of the wallet is not the user, but the exchange, that is to say, the private key of the address, you don't have it!!! Do you understand the meaning
well, after recharging, the transaction is finished. The user submits the instruction (hanging order) to the server, and then the exchange will be responsible for matching the transaction, which is exactly the same as the stock. The last is cash withdrawal (withdrawal of currency). Users can send instructions to transfer the currency from the exchange address to their wallet address. The above is the trading mechanism of the centralized exchange. In these steps, all actions will have costs. No matter you recharge, trade or withdraw money, gas and handling charges can't escape
then let's look at the decentralized exchange. The trading mechanism is different from the centralized exchange. The first step is to register (open an account) and set the password. It doesn't make any difference. But then it's a little different. KYC is not used. But because there is a private key, the ownership of this address is completely controlled by the user. The second step is recharging. This is not very different from the centralized exchange. You still have to make your own gas
after recharging, we can also trade in the decentralized exchange. Users can also register orders, and exchanges will also be responsible for matching transactions, but the matching is done by smart contracts. Finally, cash withdrawal (withdrawal of currency) is initiated. After withdrawing currency, users can directly transfer the currency from the address of the exchange to their wallet address. This step is the same as that of the centralized exchange
the above is the trading mechanism of centralized and decentralized exchanges, and the difference between them is also obvious. Because all currencies in the central exchange are under its control, the trading efficiency is very high, and it is similar to the stock trading process, convenient and suitable for most users. Conversely, the risk lies in this. If the exchange itself loses its integrity or is attacked by hackers, the user's capital (currency) is not guaranteed
all the transaction processes of decentralized exchanges are completed by smart contracts, so the transaction efficiency is relatively low (TPS of blockchain technology has always been a soft rib), but relatively, the capital (currency) is completely in the hands of users, so the security is relatively high. In addition, there are also KYC, where KYC is needed for centralization, but not for decentralization, and the security of personal information is relatively high. Compared with the decentralized exchange, the advantages of the centralized exchange lie in the trading depth and the number of users, which are unmatched by the decentralized exchange
therefore, centralization and decentralization have their own advantages and disadvantages. It depends on the user's own choice. They like convenient, centralized, secure and decentralized.
2. The core difference between centralization and decentralization is whether the private key is in the hands of the user. The decentralized platform can protect the user, such as celletf (celletf. IO), which solves the security problem of the user's assets, but the operation is relatively simple.
3. Coin an decentralized trading platform is the fastest trading engine on the chain, and all transactions are completed on the blockchain. Through decentralized operation, it can handle more than enough transactions of binance.com. Users use the private key for transactions, and no one else can modify the transaction. Currency security chain uses the blockchain consensus protocol BFT based on tendermint, under which transactions only need to be confirmed once. The block time of the transaction is less than 1 second, that is, the time required for the completion of the whole transaction is less than 1 second
there are a large number of user interfaces on coin an decentralized trading platform. Anyone can create an interface, and many people have already done so.
there are a large number of user interfaces on coin an decentralized trading platform. Anyone can create an interface, and many people have already done so.
4. Coin an, like bat and faamg, is highly subversive and pioneering. If we say that building a public chain and a decentralized exchange is a self revolution, Yuan'an is already at the head of a centralized exchange, and has invested a lot of energy in building a decentralized exchange and launching an open platform, many people may not understand. In fact, coin safety has been in the process of decentralization and never stopped. Complete decentralization is the ultimate form of coin safety.
5. It depends on which project it is. Coin an has a centralized platform and a decentralized platform, so we should look at it separately. When defi is hot, coin an will take the road of combining cefi and defi in the future.
6.
In July 2017, Zhao CHANGPENG founded coin an. It took him six months to build it into the top three in global digital asset trading, with 6 million registered users. More than 30% of us digital currency players are users of coin an, which is now the largest virtual currency trading in the world
extended information:
value and repurchase mechanism:
1. Preferential dection of transaction fees of coin security platform
for users who participate in transactions on coin security platform, no matter what token they trade, if they hold enough BNB, the system will discount the transaction fees, According to the market value at that time, the equivalent amount of BNB is converted, and BNB is used to complete the payment of handling charges. Discount rate 50% 25% 12.5% 6.75% no discount
2. Buy back mechanism:
after the launch of the coin security platform, we will buy back 20% of the net profit of the current quarter of the coin security platform for BNB every quarter. The bought back BNB will be destroyed directly, and the buyback record will be published at the first time. Users can query through the blockchain browser to ensure transparency until the total number of BNB is 100 million
3. Decentralized trading "fuel"
in the future, BNB will also be the fuel of coin an's decentralized trading platform on the chain. BNB is needed when using coin an decentralized trading platform. It includes various functions such as dection of service charge and reward
7. BNB, for short, is a platform token issued by coin on exchange [1]. Coin on is one of the three major exchanges in the world, with 3 million registered users. BNB issued 200 million pieces and sold 100 million pieces (50%) to the outside world, based on Ethereum's decentralized digital assets
Introction
BNB coin an coin [2] is a blockchain currency that has been undervalued by the market since it was issued. In October, the price of BNB was 10 yuan, and 986000bnb was destroyed, accounting for 20%, so the profit converted into US dollars is about 7 million US dollars. In October 2018, the price fluctuated around RMB 57
distribution ratio
1. ICO has issued 100 million BNB to the public, accounting for 50% of the total issuance ratio. It is also carried out on three platforms: coin security official website, renrenico and coin long website
2. Members of the founding team held 80 million bnbs in the early stage, accounting for 40% of the total issuance [2]
3. Well known instry insiders hold 20 million bnbs, accounting for 10% of the total issuance
how to buy coin BNB
you can buy BNB on otcbtc. This platform is the most commonly used trading platform. It feels smooth, safe, reliable and easy to learn to operate. It is suitable for novices to learn first and trade over the counter. Payment is also very convenient, support Alipay, WeChat, bank card payment to buy GXS public credit, BTC, ETH, EOS, USDT, QTUM, BNB, ZEC, BCH, DEW and other digital coins.
value and repurchase mechanism
1. Preferential dection of transaction fees of coin security platform
no matter what kind of token is traded on coin security platform, if the user needs to pay transaction fees and holds enough BNB, the system will discount the fees and convert the equivalent amount of BNB according to the market value at that time, and use BNB to complete the payment of transaction fees. Discount rate 50% 25% 12.5% 6.75% no discount [2]
2. Buy back mechanism:
we will buy back 20% of the net profit of coin an platform in each quarter after the launch of coin an platform. The bought back BNB will be destroyed directly. The buyback record will be published at the first time. Users can query through the block chain browser to ensure transparency until the total number of BNB is 100 million
3. The "fuel" of decentralized trading
in the future, BNB will also be the fuel of the trading platform of coin an's decentralized chain. BNB is needed when using coin an decentralized trading platform. It includes various functions such as dection of service charge and reward.
Introction
BNB coin an coin [2] is a blockchain currency that has been undervalued by the market since it was issued. In October, the price of BNB was 10 yuan, and 986000bnb was destroyed, accounting for 20%, so the profit converted into US dollars is about 7 million US dollars. In October 2018, the price fluctuated around RMB 57
distribution ratio
1. ICO has issued 100 million BNB to the public, accounting for 50% of the total issuance ratio. It is also carried out on three platforms: coin security official website, renrenico and coin long website
2. Members of the founding team held 80 million bnbs in the early stage, accounting for 40% of the total issuance [2]
3. Well known instry insiders hold 20 million bnbs, accounting for 10% of the total issuance
how to buy coin BNB
you can buy BNB on otcbtc. This platform is the most commonly used trading platform. It feels smooth, safe, reliable and easy to learn to operate. It is suitable for novices to learn first and trade over the counter. Payment is also very convenient, support Alipay, WeChat, bank card payment to buy GXS public credit, BTC, ETH, EOS, USDT, QTUM, BNB, ZEC, BCH, DEW and other digital coins.
value and repurchase mechanism
1. Preferential dection of transaction fees of coin security platform
no matter what kind of token is traded on coin security platform, if the user needs to pay transaction fees and holds enough BNB, the system will discount the fees and convert the equivalent amount of BNB according to the market value at that time, and use BNB to complete the payment of transaction fees. Discount rate 50% 25% 12.5% 6.75% no discount [2]
2. Buy back mechanism:
we will buy back 20% of the net profit of coin an platform in each quarter after the launch of coin an platform. The bought back BNB will be destroyed directly. The buyback record will be published at the first time. Users can query through the block chain browser to ensure transparency until the total number of BNB is 100 million
3. The "fuel" of decentralized trading
in the future, BNB will also be the fuel of the trading platform of coin an's decentralized chain. BNB is needed when using coin an decentralized trading platform. It includes various functions such as dection of service charge and reward.
8. Bittok is not a decentralized exchange. It is a centralized exchange just like Huo coin, OK, and coin an.
9. In my opinion, coin an is the largest exchange in the circle. After all, its trading volume and user volume are far ahead. Coin an does decentralized transactions, which can match 1.4 million orders per second, which is far more than most of the current trading platforms
10. Coin an is a decentralized transaction, which can match 1.4 million orders per second, which is far more than most of the current trading platforms - platform currency BNB, which is also 100 times as much as the real currency.
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