《Ready to go! 2018 will be the first year for the exchange alliance to break through》

In 2017 , the blockchain industry has experienced a blowout development, and digital asset transactions have become a hot topic in the application of blockchain technology! However, due to differences in region, legal currency, language, investment environment, etc., there has been a split between global exchanges and users, which has inhibited the free flow of digital assets in the market! It will take some time to fully realize decentralization. In order to seamlessly connect digital assets and allow users to freely trade between different exchanges and different digital assets, the Exchange Alliance was born! Times make heroes. Whoever can connect global digital asset exchanges according to the decentralized idea can subvert the world! The Exchange Alliance seized this once-in-a-lifetime opportunity! 2018 will be the first year of the Exchange Alliance!

The excellent business application scenarios of the exchange alliance project make the exchange alliance token XUC very popular! This time XUC is listed in the OKEX fiat currency trading area, which is an unprecedented new move by OKEX ! Because according to the old calendar, the OKEX platform fiat currency trading area provides mainstream currencies such as BTC/LTC/ETH/ETC/BCH/USDT . This time OKEX has a unique vision to choose XUC to be listed in the fiat currency trading area, which not only values ​​the prospects and future of XUC , but also affirms the exchange alliance project behind XUC . In addition to logging in to the OKEX fiat currency trading area, XUC has also been listed in the currency trading areas of world-renowned exchanges such as HitBTC/OKEX/CEX . Since its development, the exchange alliance has received strong support from many outstanding companies and industry leaders!

They are :

Gabriel Kurman , co-founder of RSK Labs, one of the best smart contract solution providers for Bitcoin expansion .

Paul Chou, co -founder and CEO of LedgerX , a fully compliant institutional exchange and clearing platform in the United States

Sebastian Serrano , Co-founder and CEO of Ripio , Latin America’s leading Bitcoin exchange and payment company

…

Vision and Mission of the Exchange Alliance

Born in 2017 , the Exchange Alliance aims to achieve seamless connection between digital assets, enabling users to trade between different exchanges / different digital assets, and solving the current situation of separation between exchanges and users caused by differences in region, legal currency, language, etc. The Exchange Alliance connects digital asset exchanges around the world by building a decentralized exchange trading network that does not require credit endorsement, thereby achieving a win-win situation for exchanges, users, and the Exchange Alliance.

Exchange Alliance Technology Model

The Exchange Alliance connects and links digital asset exchanges, and proposes the value proposition of a decentralized trading network. The biggest difference between the Exchange Alliance and Ripple is that the Exchange Alliance does not require mutual trust between the two parties when value exchange occurs. This allows any exchange to join the alliance. The Exchange Alliance does not even need an intermediary such as Ripple to realize value transfer (practice has proved that this method is ineffective).

Through the decentralized exchange solution, the exchange alliance can robustly avoid the damage caused by single points of failure, reduce the possibility of many malicious attacks, and avoid the risks brought by geopolitical policies. Unlike existing "on-chain" decentralized exchange solutions (such as 0x, ethdelta and altcoin.io ), transactions on the exchange alliance are instant, which solves the biggest pain point of all current decentralized trading technology solutions. Current decentralized transactions are not only expensive but also slow (for example, each Bitcoin transaction requires a $ 5 handling fee and the transfer confirmation time is as long as 1 hour), and such technology cannot be applied on a large scale. In addition, the exchange alliance supports cross-chain transactions, which means that transactions do not only occur on a single blockchain (the above 0x and etherdelta only support digital currency transactions on the Ethereum blockchain).

The core technologies adopted by the exchange alliance are payment channels, atomic swaps, and order book integration . Payment channels are a mechanism introduced by the Lightning Network for instant, off-chain digital asset transactions. In fact, the conversion between two digital assets is achieved through "atomic swaps", which occur directly in the payment channel. In the exchange alliance, the payment channel uses slightly modified HTLCs . In simple terms, taking the BTC/LTC transaction as an example, the real Bitcoin flows from exchange A to exchange B in the Bitcoin payment channel , and the real Litecoin flows from exchange B to exchange A in the Litecoin payment channel . HTLCs ensure the atomicity of asset swaps: either all succeed or the transaction fails. The exchange alliance collects order information through the corresponding payment channels (for example, BTC/LTC transaction orders will only be broadcast in the BTC and LTC payment channels), which ensures the efficiency and decentralization of the system. The order book should be shared with all alliance members in the network with minimal delay. Each node in the exchange alliance will continuously monitor the transaction order books of different digital assets.

The development of the exchange alliance affects the growth of XUC . With the launch of XUC in the OKEX fiat currency trading area , more people have been exposed to XUC . From the perspective of trading volume, the total 24- hour trading volume in the OKEX currency trading area has dropped from 200,000 XUC to 100,000 XUC . This reflects that after knowing the exchange alliance project, investors have regarded XUC as a value investment. XUC is a deflationary digital asset. There are only 65 million pieces in circulation now. Most of them have a 10- year lock-up period, and most of them will be destroyed in the future. In addition to the currency attribute, XUC will also be used as a reward mechanism in the future to reward developers of the exchange alliance open source community, service nodes of the exchange alliance network, traders, and exchanges that join the alliance, which further deepens the practicality of XUC !

In general, the Exchange Alliance is solving the pain points in the development of the blockchain industry through technological innovation, thereby ultimately achieving the connection of global digital asset exchanges and achieving a win-win situation for users, exchanges and the Exchange Alliance. In terms of publicity activities, the Exchange Alliance actively participated in international conferences such as Finwise , TNABC , and Blockchain Connect , and launched several offline activities for new technologies and application prospects, all of which received positive responses! 2018 is the first year of the development of the Exchange Alliance! At the beginning of this spring, we will release a technical manual and officially start open source work; in the fourth quarter of this year, the Exchange Alliance will release a statement on the proof of concept; at the beginning of next year, we will release an experimental network, and through continuous optimization and upgrading, we will eventually go online on the main network, opening the last level to unlock the global digital exchange network! As the Exchange Alliance enters the fast lane of growth, the Exchange Alliance token XUC will gradually become a cosmic currency for users to trade freely, opening up global digital asset exchanges!