ByteDex is a decentralized cryptocurrency exchange that operates on the Ethereum blockchain

ByteDex is a Dual-Chain Hybrid Decentralized Crypto Exchange. All data and crypto assets are stored on the blockchain and dispersed in ByteDex. So only the account user may access the data and crypto-assets. It is unblockable. Nothing can be taken or hacked. No one, not even the ByteDex staff, may interfere, halt, or limit blockchain transactions.

◼️EXPLANATION◼️

With the fast devaluation of the Turkish lira, crypto assets have begun to be utilized often as a substitute for traditional inflation protection techniques such as gold and silver. The fact that crypto-assets are not restricted by the present banking system, may be held on electronic devices or in private cold wallets, and can be exchanged internationally adds to the sense of ownership. Because it is easy to buy and sell inside the current framework, and the crypto world’s risk and profit rates are high, users may earn substantial money by trading their own crypto assets, and they can earn a steady passive income by lending their own crypto assets.

With ever-evolving technologies, opportunities, and alternatives, crypto-assets form an inescapable service network. In today’s environment, these service networks may readily reach everywhere in the globe without PHYSICAL BOUNDARIES. The expansion of crypto assets based on this new technology, which is not dependent on any central authority or individual, begins a new chapter in this century.

To grasp Crypto Assets, we must first grasp the blockchain system. Simplicially, it is the establishment of a network connecting computers or electronic devices that may do other activities without being linked to a single center, and the software operating on this network performs duties given to them by the network’s administrator. Private or semi-public blockchains can be built for many purposes.

As stated previously, crypto assets are traceable program structures with unique non-repeatable signatures generated by network software and linked devices. Satoshi, In essence, Ethereum is a modernized version of the Bitcoin system, employing the same transaction logic and infrastructure. Ethereum brought programmable crypto assets to the market. Smart contracts are crypto-assets that may conduct transactions according to the software they include. Using Vitalik Buterin’s Ethereum platform, entrepreneurs, institutions, and businesses may generate crypto assets and contribute to the crypto ecosystem. The specifics of crypto assets are not the focus of this article, but understanding the rationale of their existence and emergence is.

With the advent of crypto assets, consumers may now transfer funds without going through traditional banks.

Individuals may move assets inside the blockchain framework without disclosing their identities or without an intermediate organization, making crypto assets a value transfer mechanism.

The need for frameworks that allow crypto-asset transfers between actual people revealed the matching engines. These matching engines allow users who wish to purchase or sell crypto assets to connect with each other. These arrangements evolved into the Crypto Currency EXCHANGES we know today.

Why ByteDex?

ByteDex thinks that integrating features of both centralized and decentralized exchanges may address existing challenges.

Every exchange takes place on the blockchain, with users holding their own private keys. The certain slippage or gas fees will be either clearly stated or ByteDex will assume the liability, not the user.

The ByteDex team will handle fiat payments and regulate liquidity, allowing users who do not own bitcoin to engage in DeFi initiatives without going via a mainstream centralized exchange.

The technology will first connect Uniswap, Pancakeswap, as well as Just swap to centralized exchanges.

The exchange’s native coin, ByteDex, will be accessible on Ethereum, Binance’s Smart Chain, and even the Tron blockchain. These tokens will be able to be staked for corporate income shares, referral rewards, trading fee reductions, and traded for cryptocurrency or fiat.

Contact With Us:

Website: https://bytedex.io
Facebook: https://www.facebook.com/ByteDecentralizedExchange
Twitter: https://twitter.com/ByteExchange
Telegram: https://t.me/ByteDexGlobal
Medium: https://bytedex.medium.com
Linkedin: https://www.linkedin.com/company/bytedex
Youtube: https://youtube.com/channel/UCw8wl0SXHhLI0xn0JPWFMtw
Reddit: https://www.reddit.com/user/ByteDex
Whitepaper: https://bytedex.io/wp-content/uploads/2021/06/bytedex_EN-2.pdf

Authorship:

TRC Wallet Address: TGirB42z9Kr6dcmc3imVhvtUd4YPdP4qvd
Telegram Username: @bristysaha
Proof Of Registration Link : https://bitcointalk.org/index.php?topic=5349907.msg57619483#msg57619483
Forum Username: nerobmon130
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2578561