SHANGHAI, July 13, 2018 / PRNewswire / – The DAEX International Foundation ( www.daex.io ) is the founder of DAEX (Digital Assets Exchange), an open and distributed clearing ecosystem for crypto-currency exchanges. The purpose of this project is to reduce the duties of centralized exchanges by providing them with identity verification services, asset registration, clearing and transactions with assets. At the same time, centralized exchanges that are part of the ecosystem will continue to monitor the process of negotiation of transactions, although these services will be provided by the DAEX platform using distributed registry technology and smart contracts. Offering a wide range of products, the ecosystem provides numerous benefits to all its participants (exchanges and traders).
DAEX Clearing Chain, known as the DAEX block system, will become a key product of the ecosystem. Clearing Chain will become a means of storing data on transactions with various types of digital assets. It will also be characterized by a cross-structure that supports connections with Identity Chain and Settlement Chain. The DAEX Wallet solution (available both for enterprises and for private users) is a universal electronic wallet for various types of assets, including the mechanism of a multi-segment private key.
The team of the International DAEX Foundation includes specialists in the financial and banking sectors. Communication of the DAEX community occurs mainly in the WeChat network (a messenger program widely used on the mainland of China). WeChat-groups DAEX consist of more than 15 thousand users, and in the Chinese version of Telegram – 12 thousand users. The number of English-speaking users of the official DAEX account on Twitter ( https://twitter.com/daexblockchain ) exceeds 11 thousand people.
As for further DAEX plans, the exchange’s test network is planned to be launched in the fourth quarter of 2018, and the main network should be operational in the second quarter of 2019. Throughout 2018, the company
Sourced from TASS.ru