An Intelligent Global Multi-Asset Decentralized Exchange
a TLDR:
Centralized exchanges require the transaction history and personal data of users to be stored in a single location on company servers. Private information is required like identification numbers, debit or credit card details, bank account details, addresses, social security numbers and birthdays. If the exchange is exploited, financial assets can be lost, and personal data that would otherwise not have needed to be released will be compromised.
The technology behind centralized exchanges bottlenecks the amount of transactions they can process per second. As developments in -based scaling solutions continue, transaction throughput on blockchains will outpace traditional centralized exchanges from a technical standpoint. This is where Orion steps in.
What is Orion?
Orion Tradex is a decentralized platform built on the 0x protocol designed to eliminate the risks associated with using a centralized or hybrid exchange. Orders are matched in an off-chain orderbook and executed directly on the via 0x smart contracts. Users no longer have to worry about storing their in a third party or smart contract in order to trade, as our orders match off-chain, and when finalized, execute directly between wallets on the .
Why 0x?
0x increases the transaction throughput of the by allowing Makers to create and match orders off-chain, greatly reducing the load and computational costs on the itself. In the next 12–24 months, of 0x-based DApps will require more efficient second-layer scaling solutions. The 0x core team’s proposition is to use Zero Knowledge Proofs, instead of the smart contracts themselves, to settle transactions through the 0x protocol. This method guarantees that the computation was done correctly and the smart contract would only be used to verify if the proof is correct, instead of verifying many transactions and their computational costs, increasing scaling exponentially.
Liquidity Networks
Centralized exchanges use their own proprietary infrastructure which bottlenecks the liquidity of all other exchanges, as their respective user bases are fragmented and cannot share liquidity. It is challenging for exchanges to build liquidity from scratch and it is important to make it viable for liquidity partners to use Orion. In doing so, we opened our orderbook for other relayers to plug into, and we also plug into other relayers to share liquidity. Networked liquidity creates a fruitful and secure environment for the digital economy to grow by standardizing the protocols that liquidity networks run on. 0x smart contracts are standardized, thus audited to be secure.
AI Services
Offering traders the best possible tools to help them meet their goals will revolutionize finance. Currently, AI algorithms are dominated by governments and corporate institutions and AI interoperability in its current state is too narrow, meaning AI is only useful for specific corporate functions. SingularityNet’s Singularity Studio software suite and developer portal allow developers to begin plugging in specialized AIs for various industries, such as finance and healthcare. Later builds of Orion will enable AI to play a significant part in analyzing trends, correlations, volatility patterns, and other data driven analytics to make AI suggestions to users based on their goals.
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Published at Sat, 30 Mar 2019 09:05:35 +0000