Volentix is Creating a Comprehensive Decentralized Digital Assets Exchange

December 27, 2018 12:00 AM
1 284 Views
Volentix is Creating a Comprehensive Decentralized Digital Assets Exchange

Ignoring the issues, a question arises - What are the strategies which provocative forward-looking technologies use to continue their progress to penetrate the mainstream?

The core center of the virtual assets technology has to be for simplifying and enriching the user experience. The choices like which technologies to use and which unavailable technologies to develop are something that must be driven by the comfort, security, and certainty of the user transactions as well as the related experiences.

Volentix Solution

In order to address the existing market mandate, Volentix has come up with its initializing array of applications recognized as Venue, Verto, Vespucci, and VDex.

Introduction to Volentix

Designed as a distributed or decentralized digital assets, Volentix's VDex exchange with emphasis on the user experience, community development as well as governance. By planning a few selective new protocols with priority on security, authentication, speed, scalability, ease of use, and multi-asset support, VDex plans to facilitate P2P transactions by assembling a portfolio of decentralized applications.

Volentix is a dynamic community platform that is widely known for recruiting and aligning the members of the community for supporting the distribution of a native digital asset, as well as promoting the awareness of and participation in community initiatives.

It is a distributed assets exchange with emphasis on user experience by a decentralized autonomous organization (DAO) built on a coherent collection of apps managed by the community in accordance with a constitutional code of conduct.

A native virtual unit of value as well as exchange issued to facilitate the use of DAE. Initial distribution of the native virtual asset would naturally be private pre-sale or a public sale, based on financing needs and regulatory considerations.

The Technological Change

In engineering and designing the interrelated components of the digital assets ecosystem, the architects can take the advantage from the current technologies resulting from the huge influx of the monies into he virtual currencies space over the past ten years. The notable, well-known advantage of the open-source code philosophy is that in effect, there are massive public libraries and daily announcements of software developments influencing on use of virtual assets.

Indeed, if substantial financial resources are available directly to the digital assets ecosystems, the architects will get the resources to develop innovative technology.

Volentix's Blockchain Interaction Through Inter-Blockchain Communication

The VDex launch point of Volentix anticipates the matching design requirements of the community platform to the available technologies which are superimposed on the EOS.IO decentralized operating system.

EOS.IO is particularly designed for making Inter-Blockchain Communication proofs lightweight. For the chains with inadequate capacity for processing the IBC proofs as well as establishing validity, there is a choice of default to the trusted oracles/escrows. With an EOS.IO-based smart contract, a reliable multi-signature wallet holding the asset in escrow may be used for persuading the publishing of the transaction depending on the Inter Blockchain Communication proofs from the originating chain.