Digital currency gatechain
we all know that one of the biggest characteristics of digital currency is decentralization. However, 90% of the exchanges in the market are under centralized management. Users need to transfer funds to the large account of the exchange, verify their identity information, and do not link currency transactions. Moreover, all information needs to be stored in the offline database of the exchange, All these seem to violate the decentralized spirit and centralized mode of blockchain, which makes users in a weak position, passively accept the "management" of the exchange, and also bear the risk of privacy leakage, hacker attack, exchange bankruptcy or running away
therefore, the emergence of decentralized exchanges has become an inevitable trend. Decentralized exchanges are also called DEX
currently, whaleex, newdex and gatechain DEX are the most representative decentralized transactions. In fact, it is a mode of wallet and wallet trading. Compared with the centralized exchange, it has obvious advantages. For example, all operations are carried out on the chain. It is publicly accessible and does not need to be registered. Anonymous trading and privacy are guaranteed. Users' assets are stored in a distributed way. They have 100% of the management rights of assets and have high security
however, although decentralized exchanges have obvious advantages, they are still not widely available in the market. Decentralized exchange is not a very mature mode, and there are still some problems, such as slow trading speed, poor liquidity, key loss, forgotten password and unable to retrieve account assets. Therefore, it needs to be further improved. However, it is undeniable that decentralized trading must be the mainstream mode of exchanges in the future.
vault account: a new account model pioneered by gatechain, which has the important security features that stolen funds can be withdrawn and private key loss can be recovered. Each time funds are transferred out, it needs to wait for a certain time, which is suitable for storing and protecting large amounts of funds that do not need to be used immediately
revocable delay period: the revocable time after the insurance account funds are transferred out. During this time (actually calculated according to the number of blocks), the funds can be withdrawn back to the "reti account" by initiating the withdrawal operation
retri account: the default security associated account of an insurance account. When the transfer operation of the insurance account is withdrawn, the funds will be transferred to this account
clearing height: a certain time in the future, that is, the time of the future blockchain height. After reaching this clearing height, the funds in the account will be allowed to be cleared
withdraw transaction: (revoke): when the transaction initiated by the insurance account is within the revocable time, this operation can be initiated to withdraw the fund back to the "reti account"
revocable transaction: a transaction initiated from an insurance account is a revocable transaction. Within the revocable time, the fund can be withdrawn back to the recovery account by initiating a revocable transaction. After the revocable time, the fund cannot be withdrawn
irreversible transaction: a transaction initiated from an ordinary account is an irreversible transaction, which cannot be withdrawn once it is confirmed by the blockchain.
Gateio biter exchange, founded in 2013
gate.io's proct line is graally full, including wallet.io, a safe and easy-to-use all currency wallet, gatechain, a public chain to solve the core problem of asset security in the instry, and the instry's leading all-round proct matrix: legal currency transaction, currency transaction, leverage transaction, perpetual contract, currency holding financing, fixed investment financing, legal currency financing, mortgage currency, currency financing, etc Startup et al
it has a strict audit mechanism, adheres to the principle of openness and transparency, independently evaluates the project, and never charges any money fees. We will have an in-depth understanding of each application project and conct a comprehensive evaluation of each project. According to the preliminary evaluation results, we further screened out practical and reliable projects to ensure the quality of online projects
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extended information
exchange functions:
1. Market trend
understanding currency market value, fluctuation, trend
2. Global market
comparison of global mainstream trading market
3. K line view
real time trend view of popular currency
4. Real time trading
fast and convenient trading
5 Fast recharge and withdrawal
supports fast currency withdrawal, BTC and BCC address sharing, ETH tokens address sharing, and recharge is no longer wrong
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