DAEX

by DAEX Foundation

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Elrond

by Elrond

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IPFS

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DAEX

by DAEX Foundation

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Elrond

by Elrond

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IPFS

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What problem does this service solve?

DAEX's decentralized clearing system increases the security of centralized crypto exchanges.Elrond will allow developers to create more scalable DApps with faster transaction times.IPFS is a decentralized alternative to HTTP that can be used to make recording blockchain transactions more efficient.

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Company Description

DAEX is developing a decentralized cryptocurrency clearing ecosystem that will improve the underlying infrastructure of centralized exchanges. DAEX aims to solve many of the security and privacy issues related to centralized cryptocurrency exchanges by providing a secure digital asset storage service for developers and trading platforms. Their ecosystem is powered by the Ethereum-based DAX token.

The Elrond blockchain platform is designed to be a public development infrastructure that will be more secure, efficient, and scalable than other blockchain platforms. The Elrond blockchain is aimed at DApp developers and enterprises. Elrond will have a Prof of Stake consensus mechanism, and will include an Adaptive State Sharding feature that will allow multiple validators to process transactions in parallel.

The Interplanetary File System (IPFS) is a decentralized network protocol for sharing hypermedia in a distributed file system. IPFS can be used to link blockchain transactions This effectively timestamps and secures the content, without having to put the data on the chain itself. Filecoin, an IPFS-based decentralized storage cloud, is closely related with the IPFS protocol, and provides the incentive system.

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