EVEN DEX, a fully decentralized cryptocurrency exchange platform, is launching its public pre-sale on the 26th of April in preparation for its upcoming ICO stage. The project is designed with complete decentralization in mind on the basis of a proprietary blockchain to allow users full integrity and security of funds and to ensure transparent and secure transactions with cryptocurrency assets.
Using its master node system and fully decentralized approach to conducting cryptocurrency exchange operations, the EVEN platform aims at solving the issues of funds security, transaction speeds and availability of professional instruments for trading. Currently, available exchange platform solutions operate through third parties to store user funds, subjecting them to risk. The EVEN platform intends to implement its exchange on a proprietary blockchain and ensure entirely decentralized funds storage.
Some of the greatest issues currently facing exchanges operating on the market are related to increasing activity and tightening of regulations on the part of state and international regulating authorities for political or economic reasons or as a result of hacker attacks or fraudulent activities. Such actions are limiting the operational capacities of centralized exchanges and hamper the development of the crypto industry.
The advantages presented by the EVEN platform include necessary inbuilt instruments as the DEX multicurrency wallet with incorporated protection from third-party interference. The platform also offers an exchange with user-friendly buying and exchange options for a range of available cryptocurrencies. In addition, the EVEN platform has a decentralized escrow option for smart contracts, ensuring maximum protection from external interference.
The EVEN platform is developed in the C ++ programming language using the OpenSSL cryptographic library. The solution is a modified implementation of the consensus generation algorithm Delegated Proof of Stake and the implementation of the Decentralized Security Deposit algorithm developed by EVEN Foundation. The EVEN platform is aiming at operating entirely within the legal regulatory environment and establishing working relations with the regulating authorities
Having examined the faults and aspects of various exchanges existing on the market and having learned from the historical aspects of the crypto industry’s development, the development team of the EVEN exchange platform is determined to create a product that will cater to the needs of modern crypto market participants.