SINGAPORE / ACCESSWIRE / May 1, 2024 / With the popularity of digital assets and the development of blockchain technology, cryptocurrency exchanges have become the main platform for people to trade. In the exchange market, there are two main types: centralized exchanges (CEX) and decentralized exchanges (DEX). Although they both provide trading services for digital assets, they have obvious differences in user experience.
Centralized Exchange (CEX) User Experience
CEX is a traditional exchange model. Users store digital assets in the exchange's account, and the exchange keeps the private key. Therefore, users will trust individual centralized entities during the transaction process. CEXs generally offer easy-to-use interfaces, high liquidity, and fast trade execution. Users can quickly place orders on the exchange and use a variety of trading tools and order types.
However, there are also some problems with the user experience of CEX. First, users need to provide personal information for KYC (Know Your Customer) verification in order to comply with legal regulations. This means users must expose their privacy. Secondly, the exchange controls the user's assets, and users need to trust the security and integrity of the exchange. Finally, due to its centralized structure, CEX is at risk of being hacked, resulting in the loss of user assets.
Decentralized Exchange (DEX) User Experience
DEX is a new exchange model that has emerged in recent years. It is very different from CEX. In a DEX, users maintain full control over their private keys, and transactions occur on the blockchain rather than being processed by a centralized entity. This means that users do not need to provide personal information to the exchange, protecting user privacy.
Although DEX has obvious advantages in decentralization, its user experience has always been challenged. First, DEX usually faces the problem of insufficient liquidity, resulting in higher transaction costs and slower transaction speeds. Second, for non-technical users, the operation interface of DEX may be relatively complex and not as user-friendly as CEX. Third, since transactions are conducted on the blockchain, DEX is often affected by the congestion and delay of the blockchain, which can lead to a degraded user experience.
BHE - the world's first initiative to integrate DEX decentralized trading with CEX centralized experience
In order to overcome the shortcomings of traditional CEX and the user experience problems of the above-mentioned DEX, BHE came into being. BHE has launched the world's first trading platform that integrates DEX and CEX, combining innovative technology with a user-friendly interface to bring users a more convenient, secure and efficient trading experience.
1. BHE Advantages
Decentralization, eliminating LP pool and dealer control
0 risk, 0 loss, almost 0 gas fee transaction
Option trading, OTC trading, digital asset trading, etc.
Multiple chains operate in parallel, ultra-low gas fee transactions, and subsequent support for BEP20, TRC20, MRC20, and other public chains.
K-line chart DEX, more like CEX DEX, allows users to make zero transactions more convenient, more friendly, 0 perception, 0 difference
Globally renowned contract audit
2. CEX+DEX comprehensive aggregation
As an aggregated trading platform for CEX+DEX, BHE traders face DEXs such as Uniswap and Curve, as well as CEXs such as Binance and Kucoin. Therefore, BHE can reach the trading depth of top CEX+DEX. BHE can complete the transaction with the optimal plan and price. Including the choice of CEX or DEX, the routing path of transactions, and the trading pool suitable for Uniswap.
DeCEX
Traders can participate in transactions on CEX such as Binance through BHE:
First, traders do not need KYC in BHE. They only need to use their wallet to connect to BHE to trade tokens in CEX such as Binance and Kucoin, and they can trade at the most advantageous price in CEX and DEX.
Second, compared to trading directly in DEX, when users choose to participate in DEX transactions in BHE, the handling fee is zero, which saves users transaction fees.
Third, traders can participate in transactions using a wallet connection. The funds are still in their own wallets, rather than being recharged into CEX's wallet. Traders are protected by blockchain technology and do not need to face the centralization risks of CEX.
BHE provides users with a decentralized CEX service, namely DeCEX.
BHE Aggregator
BHE aggregator is the core technology of BHE and is an aggregator of decentralized CEX and DEX. With ultra-fast order execution and price feedback, it provides users with a highly efficient and high-quality trading experience. Advanced algorithms are used to discover the most effective exchange paths by searching across multiple liquidity protocols, allowing traders to obtain the most effective trading prices. It can find the best token exchange rate for users in the shortest time. Through a variety of strategies, such as connecting source 122 protocol, maximum profit, minimum gas fee, etc., users can receive accurate quotation amounts, allowing users to complete at the best price. Optimal trading to avoid losses and risks caused by price fluctuations.
BHE TVL Trends
3. DEX trading mode
The core concept of BHE DEX at the beginning of its development was to copy the mature CEX model and choose the order book and matching model as the market making mechanism. However, due to factors such as gas fees, block production order and time, the chain is less flexible than centralized servers, and the market making experience is far behind CEX.
Through PMM, the active market maker exchange automatically completes the swap between traders and assets in the liquidity pool, realizes currency transactions, and breaks the restrictions of order books and matching. By introducing oracles to guide prices, imitating the behavior of human market makers, and obtaining the current market price of a certain token by introducing price parameters, a large amount of market-making funds can be gathered near the market mid-price , can achieve a relatively flat price curve and provide more sufficient liquidity.
Market inquiry and safety inspection
BHE supports 100,000+ currency quotes and currency contract detection on 26 public chains across the entire network. Including avoiding fraudulent currencies, 24-hour real-time viewing of prices, K-line charts (days, weeks, months, and years can be selected as dimensions), contracts, current market value, issuance, current circulation, current number of currency holding addresses, and transaction record inquiries , data analysis and other information, etc.
BHE currently provides self-hosted services to tens of millions of users around the world without any security incidents. The security of the exchange is a dynamic process of continuous improvement, and BHE takes a variety of measures to ensure the security of user assets.
Who will be the future king of cryptocurrency? Everything is ready, BHE is the only key to financial freedom in our lives!
Contact details：
BHE
Company Name: BHE_Exchange
Contact Person: Flo
Email:info@bhe.global
State: Singapore City
Country: Singapore
Website: https://bhe.global
SOURCE: BHE
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