What are the benefits of using blockchain exchange
As we all know, exchanges are actually a platform for exchanging digital currencies. Some of their platforms can carry out leveraged trading, quantitative trading, contract trading and other operations. So what are the benefits of using blockchain exchange? Here's Huashang Xiaobian to share with you.
The advantage of exchange on the blockchain is that the exchange does not hold a large number of cryptocurrencies of users, and all cryptocurrencies will be stored in the wallet or smart contract control of users on the blockchain. The exchange that originally needed trust centralization now only needs to trust the blockchain and smart contract. Most smart contracts used in exchanges will open the source code so that everyone can confirm the details of the contract.
The centralized exchange usually does not disclose the source code of transaction details. In fact, only its internal personnel can know how to operate. Open smart contracts maintain the transparency and security of the transaction process. Even profitable splits will be made public on the blockchain.
Strong dependence: application software can play a role only with the support of computer hardware and system software, but can not exist and play a role independently.
Strong interactivity: even the simplest application software also has certain interactive functions, such as the prompt of errors to operators, which is the embodiment of the most fundamental advantages of products in the IT industry.
Unlimited quantity: digital assets are scarce as assets (because not all enterprises or individuals can create digital assets), but its supply can be unlimited. Tangible assets are always limited due to the limitation of enterprise property and storage space.
The production cost of tangible assets increases in direct proportion to the production quantity. The cost of digital assets is mainly the sales expenses and other operating expenses incurred in the early research and development stage and in the sales process. Due to the infinite output of digital products, the development cost is apportioned to the output according to the traditional financial accounting method. Therefore, the cost of digital products becomes lower and lower with the continuous expansion of sales volume.