Distributed database that is used to maintain a continuously growing list of records, called blocks.
Since the MtGox's collapse, centralized exchanges were a point of failure in the cryptocurrency ecosystem. Assailable to hackers, cyber attacks, government coercion or plain fraud. Now a new project is seeking crowdfunding via open token sale, transparent and decentralized trading venue technology.
OpenANX from Hong Kong is decentralized exchanges solution created on the Ethereum blockchain. OAX token sale launches today, June 22, 2017.
ANX International and industry veteran advisers are coordinating the launch of OAX. ANX International is a fintech company founded in 2013 with specialization in blockchain technology; it supports ANXPRO, one of the longest running bitcoin trading platform in Asia.
ANX firmly believes decentralized exchanges will dominate the cryptocurrency market. We plan to lead the march toward this future through openANX, which will be fully open sourced, transparently governed, and kickstarted by ANX’s technology, experience in operating an exchange, infrastructure, and wide network of users.
Director of Technology, openANX
OpenANX presented key technical aspects that address these problems, including transparent collateral ratings for asset gateways, credit risk markets, the use of smart contracts for memberships, collateral management and dispute resolution, Know-Your-Customer (KYC), and settlement for asset exchange, both for over-the-counter (OTC) and order book-based transfers.