In the digital age, everything is subverting our imagination. Technology is far ahead of our previous cognition, and with it comes a more disruptive era. Currency is no longer the original physical currency. Virtual assets have gradually entered our lives. Bitcoin has also become a well-known symbol of virtual assets. Cross-chain technology has become the current blockchain industry’s most concerned and urgent need for breakthroughs. Technical bottleneck.
In August 2021, GIBXChange officially announced that it will be officially launched on August 16, and more new features will be available to global investors. GIBXChange is a digital asset trading platform jointly created by multinational blockchain exchange leaders and financial technology experts. It has an AFSL financial license issued by the Australian Securities and Investments Commission. Committed to high-end blockchain incubation projects.
According to official sources, GIBXChange has obtained the Australian AFSL license (registration number: 297499). The Australian Financial Services Licence (Australian Financial Services Licence) license is issued by the statutory regulator of Australian financial services and markets. The Australian Securities and Investments Commission in 2001 The Investment Committee Law was established. This institution independently exercises supervision functions on companies, investment activities, financial products and services in accordance with the law, and the main objects of supervision are businesses and companies related to money services. The scope includes financial institutions engaged in the foreign exchange market in Australia: banks, foreign exchange dealers, brokers, foreign exchange information providers, etc.
The direct benefits of centralized exchanges are obvious. Generally speaking, centralized exchanges make it easier for users to trade cryptocurrencies, and larger exchanges rarely have liquidity problems. But centralized exchanges have fatal flaws. They require users to entrust funds to a third party, resulting in a single point of failure, making centralized exchanges the primary target of hacker attacks. In recent years, cryptocurrencies worth hundreds of millions of dollars have been stolen by cybercriminals and malicious insiders. Second, centralized exchanges do not pay attention to user privacy. Privacy is a human right, but many centralized exchanges do not seem to support this right. Users must share personal information with the exchange, and each time a transaction is completed, the exchange will record the details of the transaction. Anyone with the administrative authority of the exchange can identify individuals who send and receive payments. These transaction data may be obtained and sold by malicious people or used in other unethical criminal activities.
Distributed is the core principle of blockchain technology. This is also the most important and unique feature of all cryptocurrencies since the birth of Bitcoin. Distributed is beneficial to avoid centralized control and can achieve the dual protection of security and privacy. Although the first-generation exchanges are mostly centralized in order to introduce users more quickly and improve the experience, with the frequent occurrence of centralized exchanges and the recent rapid development of decentralized exchanges, they can have real distribution at the same time. The decentralized digital asset trading platform with integrated technology and efficient and convenient experience must be the future trend.
From a technical perspective, with the in-depth advancement of blockchain technology, under the trend of the global development of the digital economy, GIBXChange is actively exploring a full range of enlightening digital ecology and cutting-edge hard-core financial foundations. It uses multi-chain technology and simultaneously accesses multiple public chains such as BSC and HECO to solve the problem of high gas fees and transaction congestion in Ethereum. Create a high-performance distributed trust and data sharing platform ecology with a full ecological consensus.
The DEX developed by it will adopt the LP Token model to realize liquidity sharing, and simultaneously establish a decentralized DEFI GUSDT/USDT pool in Uniswap, Sushiswap, ZKSwap, BSC's Pancake, Bakeryswap, Dodo, etc., to attract more DEX liquidity providers participate in it and become a place where DeFi market liquidity converges.
At the moment of high-speed iteration of blockchain technology, GIBXChange has built a global industry-wide blockchain matrix around the four directions of ecological construction, user scale, commercial applications, and ecological investment, and continues to provide users with forward-looking technological achievements and global leading products, and more exclusive ecological investment opportunities. GIBXChange will provide users with more secure, convenient and intelligent blockchain asset circulation services, aggregate global high-quality blockchain assets, integrate the world's top security technology, and strive to build the world's top international blockchain asset station.