Summary: Contradictions, value capture
Foreword: As a platform for value exchange, CEX is a battleground for blockchain application ecology, a battleground for military strategists, and an arena for testing products and technical levels. Although, the DeFi frenzy of the last round of "bull market" turned DEX into a "catfish" that stirred up the track of encrypted trading platforms, and the impact on CEX was not small for a while. But time has changed. After two years of rest and strangulation, CEX still occupies the C position of blockchain application ecology, and industry giants led by Binance, OKEX, and Coinbase share the global market share. At the same time, some emerging CEX dark horses are rising strongly, and it seems that they are performing the possibility of "overtaking on the second-line corner".
As we all know, from the emergence of the first exchange in the encrypted world to the present, absolute power overlords such as Mentougou and FTX have been born during this period. There are the short-lived spoilers FCoin, the former "HBO" Big Three, and more scattered in the long history A small exchange that is gradually being forgotten. Seeing him getting up from Zhulou, seeing him entertaining guests, seeing his building collapse. There are too many such scripts in the history of exchanges.
But at the same time, many emerging exchanges have sprung up, absorbing nutrients and thriving in the segmented field of blockchain, either using technology as a spear to seize the user market, or using ecology as a shield to stick to existing users. Under the CEX war where a hundred flowers bloom and a hundred schools of thought contend, BitVenus is inclusive, integrating the contradictory style of "technology" and "ecology", showing a magnificent demeanor in the world.
- Technology is the "spear", breaking through thousands of troops
For trading platforms, product experience and platform security are the indicators to measure their value, and they are also the trump card of whether they can overtake in the corner of the Red Sea Circuit. These two points are naturally inseparable from the technical strength of the team. Therefore, for users, an encrypted financial service platform that is safe, compliant, low-threshold, liquid, and flexible to add value is an ideal choice.
Clearly, BitVenus has this.
First of all, from the perspective of functional experience, BitVenus integrates the core advantages of the wallet and trading platform, adopts a comprehensive multiple security protection system to ensure the safe and stable operation of the system, and protects users with multiple wallet encryption technology and hot and cold wallet storage systems. Information security and digital asset security have opened a verification mechanism to ensure the security of customer assets. Moreover, BitVenus has extremely low operating barriers, the login operation is very simple, the product is very smooth, and asset allocation can be conveniently carried out through the platform without professional knowledge.
In order to allow users to enjoy a silky smooth product experience, BitVenus has created the world's top distributed and efficient financial matching system. The matching service not only adopts C++ language, full memory design, intervenes in the epoll network, and is based on the DPOS consensus mechanism, it can achieve 100,000+ matching per second in a single thread. It should be known that matching a single thread and a single currency is 100,000 TPS per second, which means that a single transaction is completed in 20 microseconds. What's more worth mentioning is that the high-concurrency BitVenus can also be tuned to millions of TPS per second according to future needs.
In addition to the ultimate matching system, BitVenus is also updating and iterating in other sectors. Among them, BitVenus's market system, order system, push system, and position system also push the transformation and upgrade of memory into the research and development process. In the future, BitVenus will target: starting from the next market order, matching, to order status, transaction push and position update push, the internal processing time of the entire transaction link is only 0.7 milliseconds.
BitVenus is also quite innovative in terms of improving asset utilization. BitVenus not only provides diversified products and services such as asset allocation, fixed income, and risk hedging, but also transmits market data as quickly as possible, and the whole process is transparent. The fastest communication of data and engine matching results to users means that traders can respond faster, maximize capital utilization, and obtain greater profit margins. And all data is transparent, which means that the exchange cannot "do evil" through pins and other forms.
Secondly, the technical strength of BitVenus is also very amazing. Take the "fuse circuit breaker" and firewall mechanism developed by the team as an example. Compared with the third-party services used by many peers, BitVenus has self-developed the WAF webpage protection system through its own technical team, which will not cause collective service paralysis with other peers due to security problems caused by third-party service providers. In terms of anti-money laundering, anti-fraud and other risks, a bank-level risk control and monitoring system has been established to fundamentally protect users' digital assets.
In addition, the BitVenus technical team also referred to Optimistic Rollup's Layer 2 technical solution and made improvements on this basis. Whether it is Optimism or the Arbitrum solution itself, only a limited number of single virtual machine VMs are supported. The underlying architecture of BitVenus supports multiple virtual machines in parallel to support the simultaneous operation of different decentralized nodes and avoid potential throughput bottlenecks, which can further increase the degree of decentralization, avoid single-point losses and be controlled by centralized institutions .
Although BitVenus is a CXE, in terms of technology and products, the "user-oriented" smooth experience and the ever-present "decentralization" technology explosion make it have the advantages of both DEX and CEX. It is also a powerful engine for BitVenus to achieve corner overtaking from the CEX competition.
- Ecology as a "shield", wins every step
If it is said that technology is the spear of the product, to attack the city; then ecology is the shield of the product, to stick to one side.
BitVenus was established in June 2018. Perhaps many ordinary investors have not heard of it, or think that BitVenus is just a small cryptocurrency trading platform. In fact, as a trading platform registered in Seychelles, BitVenus initially focused its operations and user groups in Europe, and even established a market branch in London, England, and set up operation centers in France, Germany and other European regions . It can be said that in the initial stage of market development, with its excellent platform services and solid technical background, it has won the favor of many users and capital institutions.
Compliant operation has a long way to go.
From the beginning of its establishment, BitVenus has insisted on compliant operations. It not only has the endorsement resources of many institutions around the world, but also has won digital licenses in the United States and Canada, and has obtained important support from many partners in many fields around the world, including CoinGecko, CMC, Coindesk, many well-known organizations in the industry, such as Feixiaohao. So far, the mature underlying architecture technology and the early stage of keeping a low profile have enabled BitVenus to have enough foundation to accumulate and develop.
In addition, BitVenus made a big hit in the early years, started a global strategic layout, set up sub-regional nodes, and successively established in the United Kingdom, France, Germany, South Korea, Singapore, Malaysia, Turkey, Russia, India, the United States, Germany, etc. A localized community has been established to provide the most localized services for users from all over the world. Up to now, the one-stop encryption service provided by BitVenus has covered more than 1.2 million+ global users.
As a world-leading CEX, BitVenus is not limited to encrypted digital finance. BitVenus will take CEX as an ecological hub and place it in the position of connecting various ecosystems around the world, better grafting the connection between CEX, project parties and users, and being able to connect major practical applications in a simple and efficient manner scenes.
At the same time, in order to take into account the increasingly diverse demand for encrypted derivatives in the Web3.0 era, BitVenus has been steadily working on "cultivating internal skills". At the product ecological level, it is oriented to newcomers and senior personnel in the currency circle, creating a differentiated product echelon, keeping up with industry hotspots, and constantly digging the value of new ecological products and services, including NFT, GameFi, SocialFi, Swap, AI, storage and other subdivisions. In addition, BitVenus will also start a forward-looking layout of product ecology, that is, through repeated iterations of trading products, it will provide users with one-stop convenient and smooth encrypted financial services, thus leading the industry development trend of Web3.0.
Whether it is external strategic cooperation, institutional endorsement, compliance operations, or internal ecological improvement, product iteration, and sector extension, BitVenus uses "shield" as the core driving force to create an "ecological moat" that wins every step of the way.
Conclusion: If the emergence of DEX has promoted the reshuffle of the CEX industry, but in the short and medium term, the market position of CEX is still unshakable. In the competition of "thousands of troops and horses crossing the single-plank bridge" in CEX, those who are more likely to win are those teams who are pragmatic, have solid independent research and development technology strength, and have excellent products. " platform. Apparently, BitVenus is one of those teams!