Thursday, February 20, 2020

Burstex - The first decentralized cryptocurrency exchange in the world to operate on its own blockchain (Burst)


Introduction

Different innovations keep emerging from blockchain Space in which their motive is to solve some real-life problems. We have witnessed a serious hype in crypto industry in 2017 and now the market is gaining organic growth. Most weak hands have dropped out of Crypto and the market is growing steadily.One major challenges in Crypto

industry is insecurity in our various Exchanges and inadequate infrastructure which will facilitate massive adoption of cryptocurrencies. First, before I move on I

will like to explain what Cryptocurrency Exchanges entails especially to the newbies who have not heard about it before.
Cryptocurrency Exchanges is an online Digital Market place where trading i.e buying and selling of Digital assets take place. Every crypto assets needed an exchange where they could be exchanged for other crypto assets or Fiat. In this article, i will introduce to a game changing innovative Blockchain Powered Cryptocurrency Exchange named Burstex.Burstex has taken a new dimension in Crypto Space. The team of Burstex intends to establish a decentralized cryptocurrency exchange based on Burst blockchain. It is no longer news, how cryptocurrency mining most especially Bitcoin consumes a huge amount of energy.This have both ecological and economical implication which has attracted critics.The Team of Burstex aims to change this imbalance, they are working towards creating Burst blockchain which only work with computing power of hard disk (HDD) unlike Bitcoin and Ethereum that works with processors and Graphics Cards respectively. Hard Disk have lower energy consumption.
The concepts of Burstex blockchain will facilitate mass adoption and motivate more people.

About Burstex

Burstex is the world first decentralized cryptocurrency Exchange that operates on its own blockchain (Burst) Blockchain. It is a Crowd owned Cryptocurrency exchange , which means every profit generated from the exchange shall be distributed among the (BEX) token holders.As I did mention earlier ,Burstex has its own Blockchain which is the fastest and most secure blockchain with a very user-friendly interface. As mentioned earlier, Burst Blockchain uses Hard drive which consumes a very low amount of Energy unlike other Blockchain that utilizes processors and Graphics Card which consume energy excessively. Burstex has potential of achieving million Dollars profits from BEX holders if a small market share is being achieved.
Burst is a decentralized digital exchange platform owned and run by the community of professionals developers.Burst being a low energy consuming Blockchain system will be highly profitable for miners. It is mined using (Proof of Capacity) tech. Mining in Burst Platform is eco friendly and less energy consuming. The blockchain is highly scalable and the Proof Of Capacity Concept allows instant transaction creating huge competition to the existing blockchain system that consumes a high amount of energy.Burst Blockchain is very fast, Secured, highly scalable and reliable.


CHALLENGES AND SOLUTION

(i) Government Policies and unlimited regulations is one among the barrier restricting some startup launching their innovative project and deter some investors investing in cryptocurrency which is allowing them missing a good investment opportunity. Burstex is a regulated cryptocurrency exchange and the structure of Burstex Exchange wouldn't allow any government or tax authority track user's transaction because of its decentralized nature. Users don't have to register their identities before they can make use of the platform.

(ii) Many Cryptocurrency Exchanges is lacking infrastructures which will enable traders benefiting maximum utilization of trading resources.Burstex will furnish their users with adequate infrastructure which will enable them trade profitably in Burstex Decentralized exchange. Burstex will provide a user friendly interface where any class of user can interact with the platform with little or no supervision.

(iii) Problem of insecurity associated to Crypto currency Exchanges is another challenges preventing investors entering the crypto space. Alreadily Burstex is a decentralized exchange , users will have full control over their assets through their private keys.

(iv) Few of the existing Crypto Exchanges offer marginl trading and they offer at lowest amount which is a limiting factor for traders as Marginal trading system is a an essential trading system neccessary to make cryptocurrencies a recognized tradeable assets. Different trading system will be made available in Burstex Crypto Exchange .Margin trade will be made available in high volumen wich will make traders profits and benefits a lot.


Final thought
Burstex aims to facilitate mass adoption of cryptocurrency by removing the constraints attached to the existing outdated blockchain system .The existing blockchain system excessive power consumption and ecological implication has atttract so much critics ,hence leading cryptocurrency to no where.Burstex blockchain technology has emerged to change the game by restructuring blockchain system and building an enabling infrastructure which will make it attractive to global audience. Burstex decentralized exchange will be a huge success without doubt . The team of Burstex is willing to raise some funds for the development of the project .Interested investors can join the white list . To get more fact about Burstex Decentralized Exchange , dont hesitate to check the official links below .

Watch this video, it will put through how to buy :

Official Resources

Username : Ozie94
ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576
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