Driven by innovation, XUC leads the new ecology of digital currency exchanges!

Globalization has become the mainstream of today's era. Digital currency has broken the limitations of borders and followed the trend of the times.

In order to facilitate the efficient circulation of digital currencies and the investment needs of a large number of users, digital currency exchanges came into being. With the surge in the number of users and the market, the number of digital currency exchanges is also growing rapidly. According to Bitcoin, the number of digital currency exchanges worldwide increases by an average of 1.75 per day, with a monthly growth rate of 22.4%. Emerging economies such as Thailand, Vietnam and the Philippines are showing strong momentum.

Analysis of pain points in the digital currency exchange industry

Unlike the well-refined traditional stock exchanges, digital currency exchanges are uneven, and many industry pain points are gradually emerging. We might as well analyze this.

First, many exchanges lacked liquidity in trading pairs when they first opened. One of the advantages of a good exchange is liquidity. The more users it has, the more orders from buyers and sellers, and the easier it is to facilitate transactions. However, the current situation faced by global digital currency exchanges is a world of difference. Large and well-known exchanges are full of liquidity and make a lot of money, while newly established exchanges are ignored and on the verge of bankruptcy. This can easily lead to a monopoly of the market by a few exchanges, and investors cannot see all the trading pairs in the market, making it difficult to match the best price. This is not a good thing for the market and investors.

Secondly, the large differences in currencies on different exchanges bring inconvenience to investors. We all know that, except for mainstream currencies, no currency will be listed on all exchanges. Exchanges will also choose different currencies to list based on their own style and focus as well as the local investment environment. This brings a problem. It is difficult for an exchange to meet all the needs of users. Many investors have accounts on more than two exchanges, which is inconvenient for asset management and trading operations.

Finally, separate exchanges have imprisoned the globalization of digital currencies. Currency itself plays a role in resource allocation. Separate exchanges prevent investors from fully understanding the prices in the market in real time, which inhibits the natural attributes and advantages of digital currencies to flow freely around the world.

The Exchange Union (XUC) has creatively changed the digital currency trading industry

However, now, all pain points can be solved with the innovation and development of technology. The blockchain technology project - Exchange Union (XUC) has creatively changed the format of the digital currency trading industry, bringing tangible benefits to exchanges and digital currency investment users.

The application scenario of XUC is to link and connect global digital currency exchanges and create a "global access" for the digital currency trading market. This will enable investors to trade, settle, and deposit and withdraw assets across exchanges; improve exchange trading efficiency, and achieve global market-based allocation and price discovery in the global market.

XUC uses the Raiden Network, Lightning Network and Atomic Swap technology, and innovatively developed decentralized order book technology. Recently, the XUC technical team has successfully embedded the Raiden Network, Lightning Network and Atomic Swap technology into the XUD software, and successfully completed atomic swaps between ERC20 tokens based on the Raiden Network in the XUD software. At the same time, the technical framework of the decentralized order book and matching engine has also been built. In addition, a P2P transmission framework has been developed in XUD, which enables nodes running on XU Node to connect to each other more quickly. The excellent technology lays the foundation for the realization of its goals, and also brings more benefits to exchanges and investors!

For exchanges, XUC can increase the liquidity of their own exchanges. Higher liquidity will inevitably bring more trading volume and revenue, maintain the healthy operation and development of the exchange, and strengthen its own trading network system.

For investors, they only need to place an order on an exchange, and XUC's technology can instantly match the best price for them, obtain a smaller bid-ask spread, and earn greater profits, making digital currency transactions simpler, more convenient, and safer.

XUC continues to receive honors and moves forward with heavy burdens. The entry is in progress

The innovative application scenarios of the Exchange Union (XUC) have won the support of many industry insiders and investors. At the first Global Blockchain Leaders Summit on May 12, due to its strong market application and excellent development level, the Exchange Union (XUC) was recognized by the participating industry leaders, investors, blockchain practitioners, and media as a high-quality project with great significance and unlimited potential for the future cryptocurrency trading market, and won the honor of "Most Popular Project of 2018".

At present, the token XUC issued by the Exchange Alliance has landed on major exchanges such as OKEX, ZB, CEX, HitBTC, etc. As the technology gradually lands, it will definitely be favored by more exchanges and investors. As the most bullish digital currency at the moment, I choose XUC!

This article is for commercial promotion only and does not represent the position of Wabi.com. Cryptocurrency is a high-risk industry. Please invest with caution. We are not responsible for any losses!