Bcnex - The latency trading platform is low, fast, accurate, and has flexible scalability

Introduction

The focus of the entire system is a strong team with rich practical experience working with electronic money, with the main task of creating a perfect financial environment for all traders. , investors and ordinary users. To achieve this, their team will make full use of practical and technical technology, with the help of everyone they not only have a reliable stable platform, but also a perfect platform on all other parameters.

Bcnex's core principle is to grow and develop to provide the best trading experience to users. The Bcnex ecosystem was created with the vision of becoming an incubator for Blockchain technology-based startups. This is the ideal direction in the context of Vietnam which is trying to become a startup country and Blockchain technology is gradually emphasizing its important role in the industry.

About Bcnex

A place to buy, exchange and trade blockchain based tokens and various digital assets in Vietnam and around the world. Since 2006 when we first joined the Forex market, we have researched and developed a number of Forex automated trading systems. In 2009, we implemented a real-time data application system to handle penny auction transactions and matching system orders, and finally to operate a trading platform for our foreign partners.

Bcnex will continue to grow up and improve to give its users the best trading experience. That is the core principle of our business philosophy.

Bcnex is a place for trading, buying and selling, exchanging the value of new book-making projects using Blockchain technology. In Bcnex's business philosophy, customers always get first place. Therefore, the Bcnex development team has spent a lot of time researching and developing distributed systems with high stability and security for Bcnex to meet the most stringent customer requirements.

Bcnex has also designed an optimal asset storage solution for customers on the BCnex floor by combining a hot wallet, cold wallet and secure hardware with a system security mechanism similar to the way banks, network operators and government in developed countries is still valid. This ensures absolute security of customer assets, while ensuring system liquidity.

Bcnex is also a low latency, fast, accurate trading platform and has flexible scalability to meet up to 2,000,000 trade orders per second. We will issue BCNX tokens, first on the Ethereum block chain, then switch to CryptoNote for purchase / sale transactions with other coins / tokens. At the same time, customers can also use BCNX to pay transaction fees at Bcnex to enjoy discounts of up to 75%.

Problems encountered

Today's digital currency exchange problem

        The problem of exchanging existing money and assets Although the exchange of pre-encrypted and digital assets has tremendous advantages compared to traditional legal trading floors and the number of exchanges Translation technology of this type increases over time, but most of them face many problems.

Technical background issues

        The trading floor system needs to be designed from a foundation, fulfilling all factors: security, efficiency, processing speed, and scalability. This often slows down early development, but is important for long-term success.

        Many exchanges have been built quickly by highly qualified shoot engineers, but have little or no financial knowledge and trading platform operations. Therefore, to save only costs and time, they often choose the simplest method for managing and running the system. In the first period of operation, this existing trading platform can work normally, but once traffic increases, the system will be overloaded and information will not be processed. effective management. Often the excess trading floor recently at the top of the digital asset trading market is a typical example. The Crypto market is in the process of developing and expanding on a large scale. The demand for Crypto transactions in many stages of the market is very large. Many exchanges do not meet this requirement because the overall technical architecture is weak. Bcnex provides a technical platform capable of handling up to 2,000,000 transactions per second.

Security and security issues

       Every year, hundreds of Crypto trading floors must be closed because hackers interfere with or fraudulently take over user assets. Bcnex is built to the highest standards, strictly censored and always checked to prevent unauthorized access to the system.

       Our engineering team has the experience of building a financial system in accordance with the highest security standards. Ensuring security for customer assets is always our top priority. Bcnex was established and operated by OriTech., JSC, a registered legal entity in Singapore. OriTech Activities. JSC complies with Singapore law to ensure legal security and user rights.

Liquidity problem

The value of a centralized trading floor lies in its ability to create high liquidity, support investors to trade, and take initiatives in buying / selling decisions. However, most of the digital asset trading floors currently do not meet this requirement. When a trading floor has few trading orders, strong slips will occur and cause financial losses for investors. In addition, attracting diggers, investment organizations and large traders into new exchanges is not easy and in that case, the exchange needs to have a special team of deep understanding of this new market.

Customer service issues

       At present, there are many trading floors that ignore customer service, while this is one of the determining factors for the success of the trading floor. The biggest thing in customer service is making customers feel uncomfortable or disappointed. Research shows that when customers suddenly face problems or receive delayed assistance, most will not bother to contact to get help but only leave quietly. What's more, when working with special customers such as traders, developing good customer service is more important.

       Therefore, along with building a foundation of high-quality technical technology, Bcnex focuses on developing service quality, considering it as a core value and competitive advantage in the digital asset trading market. . When traders get into trouble, we guarantee that they will receive answers directly from employees who understand the system, not from the answers available.

Solution provided

Why choose Bcnex, the Bcnex project solution

Security and Stability

       Bcnex is a distributed system with high security, stability and scalability to meet the most stringent customer requirements.

Multi-level security system

Safety and security is one of the most important criteria of the blockchain technology trading platform. Therefore, Bcnex implements system security in various layers, from building a solid firewall or using tools to prevent denial of service attacks (DDOS) to alert users when there is an abnormal behavior. To ensure the highest level of security, when an account has unusual behavior, Bcnex will continue to lock the account for a certain period of time and specifically notify the account owner. In addition, important requirements are needed to use the 2FA code and Anti-phishing code. Bcnex also requires users to do KYC before trying to take action related to transactions.

After long researching and collaborating with leading security companies, Bcnex has designed a wallet solution that ensures absolute security and retains liquidity when the system is compromised. Our solutions use a hot wallet (cold wallet), a cold wallet (cold wallet) combined with safe hardware security. Most of Bcnex's electronic money and digital assets (98%) are stored in various cold wallets, completely separate from the Internet, so hackers cannot attack. The rest is in the hot wallet, enough to fulfill the user's daily withdrawal transaction. To improve the security of hot wallets, we use hardware modules to authenticate transactions with 2FA keys, limit the number of transactions within a certain period of time, sign and send transactions to the blockchain. These modules have automatic periodic integrity checks and will be deactivated if a disturbance is detected. With the highest standard security solutions, the Bcnex wallet system always ensures the user's property is safe. The mechanism of operation is similar to the way banks, operators, and governments in developed countries still apply.

Security and security issues

Every year, hundreds of Crypto trading floors must be closed because hackers interfere with or fraudulently take over user assets. Bcnex is built to the highest standards, strictly censored and always checked to prevent unauthorized access to the system.

Our engineering team has the experience of building a financial system in accordance with the highest security standards. Ensuring security for customer assets is always our top priority. Bcnex was established and operated by OriTech., JSC, a registered legal entity in Singapore. OriTech Activities. JSC complies with Singapore law to ensure legal security and user rights.

User oriented

Bcnex provides a user-friendly platform, giving them the best experience both on the Web and Applications.

High performance

Fast, accurate processing speeds, low latency and flexible scalability to be able to meet up to 2,000,000 orders per second.

Solutions on technical foundations

Bcnex Order Matching System (BCOMS®) is a component that is responsible for pairing orders and selling orders in the trading system. This is the most important component of Bcnex and is built very carefully. All buy / sell orders are stored in high-performance queues and are designed by us to ensure data integrity, not to lose orders that cause damage to users. The Bcnex matching system has low latency and flexible scalability to handle up to 2,000,000 trades per second. With this number, Bcnex is one of the fastest trading platforms on the market today. You can be sure that, on our trading platform there will be no cases of congestion in trade orders because the system is overloaded.

Bcnex is designed and built on a distributed model to ensure easy scalability by adding physical servers when the system needs to serve traffic and large transactions. With a strong server-based load distribution system and the ability to automatically control system status, Bcnex always maintains stability and service time up to 99.99%,

Access speed is also one of the factors that Bcnex focuses on improving to optimize user experience. With the micro-service model, the system is divided into small services and separate databases. As a result, we can easily change and expand as needed without affecting the entire system.

Calculating Liquidity

With a rich and abundant supply of liquidity, Bcnex ensures that all transactions on the system will be fast.

Liquidity solution

BCNex will build a forensic trading platform to increase liquidity for pairs or encrypted currencies and high liquidity tokens. At the same time, we will also create a margin trading platform where BCNX is considered a major asset. The Bcnex team has years of experience in the foreign exchange trading industry, the blockchain industry, pre-coding, and digital assets. We have worked, as well as operating a number of exchanges with international partners, gathering a large network of partners in this field. This partner will be key in the launch of the trading platform and lead to solid investment opportunities for investors.

Diversified market

In addition to supporting various popular electronic currencies, Bcnex also continues to update other potential tokens.

24/7 support

The Bcnex support team works 24/7 to answer any questions for customers, ranging from transactions to technical issues.

Customer service solutions

In line with the development of technical technology, Bcnex always considers the quality of customer service to be its core value and competitive advantage in the digital asset trading market. All Bcnex staff and teams always share the responsibility to support and answer all customer questions and help customers get the best experience. When traders get into trouble, we make sure they receive direct feedback from highly trained and knowledgeable employees, not from the answers available.

BCNEX EXCHANGE PLATFORM:

Bcnex exchange is a stock exchange that can be used both on mobile phones and through the Internet Browser. Thanks to this stock market, you can evaluate your digital assets quickly and reliably. The mobile and internet interface of the stock market aims to be one of the fastest interfaces ever. In this way, users will never miss an opportunity and will be able to trade quickly easily. The stock market technical infrastructure is designed in a strong way so that it can accurately make millions of exchanges per second. He only has Bcnex on the existing stock market with powerful features and that makes it special. You can use Google Authenticator and the SMS method to increase your security when using the stock market. In addition, you can maximize your security with the KYC method.

Benefits of the Bexn ecosystem

For the community:

Investors can be confident and confident when joining Bcnex because this is an innovative product by the founding team of 100% Vietnam with the ambition to bring the Vietnamese technology market to the world level. And because the Bcnex developer is Vietnamese, it is possible to fully understand the thoughts and difficulties of domestic investors. Bcnex has overcome the weaknesses of foreign exchanges, building a user-friendly ecosystem.

Bcnex has staff consisting of 24/7 support staff and Vietnamese language support in addition to other languages.

Bcnex uses the highest security standards in managing electronic wallets.

All technical issues are considered handled quickly.

Project information supported by Bcnex always ensures factors that are transparent and carefully selected, only providing projects that are positive for the community.

For business: 

Through the ICO release on the Bcnex platform, the blockchain technology startup business will be able to fully focus on project development without having to worry about the testing process and the cost of making capital calls the same as when joining other exchanges.

Opportunity to access various investment sources not only domestically but also overseas because Bcnex.net is an international trading floor registered in Singapore.

The process of registering ICO at Bcnex is very efficient, minimizing costs.

Especially with crypton blockchain research projects that will be directly reviewed and supported by Bcnex.

For the government:

Through the Bcnex trading floor, the government can fully manage the problem of increasing business capital and individual investment activities. Since then there is an actual basis for tax calculation and tax collection through activities on the trading floor.

Because Bcnex is an international trading platform with many foreign investors participating, the government will receive more sources of foreign currency that bring economic benefits.

Bcnex is not only a digital money trading platform but also aims to play a bigger role. It creates a complete ecosystem.

Bcnex ecosystem was created with the vision of becoming an "innovative nursery for blockchain technology platforms". This is a very suitable orientation in the context that Vietnam seeks to become a startup country and blockchain technology gradually confirms its important role in industry 4.0.

For a novice technology business, Bcnex support will bring extraordinary meaning.

The Bcnex ecosystem provides:

Bcnex.net trading platform: through the Bcnex ecosystem, startups in Vietnam's blockchain technology platforms and even startups in the same field around the world can exchange business values ​​through tokens / coins, ... on Singapore's trading platform Bcnex.net, fully guarantee legal legality .

ICO Platform:

 In addition, Bcnex also supports businesses to successfully summon investment capital through the form of ICO / STO sales or issuance from the stage of personal sales, angel funding rounds, and other sales circles where the business wants and can adjust to best fit the road map their business. Now businesses can use the Bcnex ICO Platform to conduct fundraising.

Project Data Center: On the investor side, Bcnex will play a transparent advisory role, provide sufficient information about projects that raise funds and offer classification ratings based on the Synthesis of many different criteria. From there, investors can combine more research information and personal valuations to make the most accurate investment decisions.

Our Team

Partner

To get more information, please visit the following official links:

Website: https://www.bcnex.net

Whitepaper: https://www.bcnex.net/BCNEX_WP_ENG.html

Telegram: https://t.me/Bcnex_Official

Author Audrey

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=913491

Eth Address: 0xEf8631B86407150685DBb0186A6f840C71119E56