Centcex coin has announced the launch of its own exchange. The team announced the launch is coming very soon will mark the start of a new era in the cryptocurrency exchange industry. The current exchanges have major issues that are making them very inefficient.
- Attractive Staking Rewards
- Centcex exchange is fast and more exchange
- It is a NO-KYC exchange
- The ecosystem will have unlimited products
Scalability, token security, user data safety, and the cost of transactions are major problems with the current exchanges. Hacking cases are rampant, with Bitmart hacking being the latest hacking where even Binance assets were stolen. That’s why the coming of exchange that can address these problems will cause ripples in the crypto market.
Centcex exchange is a decentralized cryptocurrency exchange built on the Binance Smart Chain. The team building this Binance based exchange says it is developing the most secure, faster, safer, and cheaper exchange. The Binance based exchange will offer users a better experience on a more secure platform.
Centcex exchange is working on the consensus protocol to address the issue of security. Unlike big exchanges using slow and easy to hack PoW protocols, this Binance based exchange will use the Proof-of-Stake consensus method. PoS is a consensus mechanism that uses validators to verify all transactions and build new blocks, tasks done by a few minors on the PoW networks.
The security of this Binance based exchange is achieved by putting a condition of a large number of validators to verify each transaction. For a transaction to succeed, 51% of the validator must verify and approve it. It will be impossible for a hacker(s) to get 51% validators to steal coins.
That’s how this Binance Smart Chain-based exchange becomes more secure. The issue of speed is another with large exchanges. This Binance based exchange is fixing it in an easy way. The PoS protocol has a higher speed of building new blocks on the blockchain. This means a higher number of transactions per second on this Binance based exchange, and that’s how Centcex exchange is addressing the scalability problems.
The Centcex team is also addressing the problem of data safety by developing a NO-KYC exchange. This technology will enable users of this Binance based exchange to trade anonymously. Users will not know the information of the other person they are trading with as personal data is shared.
The Binance based exchange is already gaining popularity with the crypto community because of the attractive rewards Centcex coin offer. The staking process is the most popular. The coin is rewarding staked tokens 100% APY of the generated revenue. With the 3% of the 10% tax on all transactions going to unlimited product development, staking CENX will be very lucrative going forward.
As a Binance based exchange, Centcex has a huge potential. If the project addresses the current exchange problems, the crypto community says Centcex exchange will be the next big thing in DeFi. Follow Centcex social media platforms for the latest updates!
Follow Centcex social media platforms to keep up with the latest updates!
Website : https://centcex.com
Telegram : https://t.me/centcex
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