Decentralized Cryptocurrency Exchange openANX Launches Token Sale
- Centralized exchanges have long been seen as a point of failure in the cryptocurrency ecosystem vulnerable to hacks.
Ever since the collapse of MtGox, centralized exchanges have been seen as a point of failure in the cryptocurrency ecosystem vulnerable to hackers, cyber attacks, government coercion or just plain fraud. Now a new project is seeking crowdfunding via a token sale for an open, transparent and decentralized trading venue technology.
The London Summit 2017 is coming, get involved!
Hong Kong based openANX is an application of decentralized exchanges built on the Ethereum Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term. Its OAX token sale launches today, June 22, 2017.
The launch and groundwork of openANX is currently being coordinated and led by ANX International, and industry veteran advisers. ANX International is a fintech company founded in 2013 which specializes in blockchain technology, and powers one of the longest running bitcoin Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term in Asia, ANXPRO.
Hugh Madden
“ANX firmly believes decentralized exchanges will dominate the cryptocurrency market. We plan to lead the march toward this future through openANX, which will be fully open sourced, transparently governed, and kickstarted by ANX's technology, experience in operating an exchange, infrastructure, and wide network of users,” said Hugh Madden, Director of Technology, openANX.
The key technical aspects presented by openANX that address these problems include credit risk markets, transparent collateral ratings for asset gateways, the use of smart contracts for memberships, collateral management and dispute resolution, Know-Your-Customer (KYC), and settlement for asset exchange, both for over-the-counter (OTC) and order book-based transfers.
“openANX’s move to transparency and smart contracts is something that’s been needed in the industry for a long while, but has yet to be effectively implemented,” said Bok Khoo, adviser to the openANX project. “By incorporating technology to secure users’ assets, transactions remain decentralized while becoming more secure.”
Ever since the collapse of MtGox, centralized exchanges have been seen as a point of failure in the cryptocurrency ecosystem vulnerable to hackers, cyber attacks, government coercion or just plain fraud. Now a new project is seeking crowdfunding via a token sale for an open, transparent and decentralized trading venue technology.
The London Summit 2017 is coming, get involved!
Hong Kong based openANX is an application of decentralized exchanges built on the Ethereum Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term. Its OAX token sale launches today, June 22, 2017.
The launch and groundwork of openANX is currently being coordinated and led by ANX International, and industry veteran advisers. ANX International is a fintech company founded in 2013 which specializes in blockchain technology, and powers one of the longest running bitcoin Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term in Asia, ANXPRO.
Hugh Madden
“ANX firmly believes decentralized exchanges will dominate the cryptocurrency market. We plan to lead the march toward this future through openANX, which will be fully open sourced, transparently governed, and kickstarted by ANX's technology, experience in operating an exchange, infrastructure, and wide network of users,” said Hugh Madden, Director of Technology, openANX.
The key technical aspects presented by openANX that address these problems include credit risk markets, transparent collateral ratings for asset gateways, the use of smart contracts for memberships, collateral management and dispute resolution, Know-Your-Customer (KYC), and settlement for asset exchange, both for over-the-counter (OTC) and order book-based transfers.
“openANX’s move to transparency and smart contracts is something that’s been needed in the industry for a long while, but has yet to be effectively implemented,” said Bok Khoo, adviser to the openANX project. “By incorporating technology to secure users’ assets, transactions remain decentralized while becoming more secure.”