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Guest Emmanuel
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Guest Emmanuel

NEX
A platform for decentralized cryptographic trade and payment service creation

Today, cryptocurrencies are primarily traded on centralized exchanges where user funds are at risk to hackers and platform managers. Decentralized exchanges
(DEXs) allow users to retain control of their funds as trades are mediated by smart contracts on a blockchain, but on-chain computation is generally too slow to keep up with high volume order books. This paper describes Neon Exchange (NEX), a new decentralized exchange on the NEO blockchain that applies a publicly verifiable off-chain matching engine to handle massive trading volume and support complex orders (such as limit orders) that are not possible on existing DEXs. NEX also introduces a payment service and funds management layer that enables third-party smart contracts on NEO to send and receive global assets as part of their computation. To fund developments and future expansion into related services,
NEX will issue 50 million tokens that give holders a share of profits in its services.

Introduction:
Cryptocurrency markets have grown enormously in recent years, from a daily trade volume of $60 million in January of 2015 to more than $8 billion in November of 2017 [1]. Despite the fact that most cryptocurrencies are secured by decentralized architectures, almost all trades between currencies take place on centralized exchanges, where funds must be deposited under the control of the entity facilitating exchange. This layer of centralization puts user funds at risk to hackers and platform managers. Most famously, millions of dollars worth of Bitcoin were stolen from Mt. Gox in 2011, and again from Bitfinex in 2016 [27, 20]................................
Get to know more about us and how we work:- https://www.neonexchage.org/


Learn more about our Pdf:- https://neonexchange.org/pdfs/whitepaper_v1.1.pdf


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