There are a lot of cryptocurrency exchanges to choose from – what should be a criteria to choose the best one available?

Over the major course of the existence of Blockchain technology and digital assets such as Bitcoin and Ethereum, the practice of trading and acquiring such assets has been primarily handled by Centralized and Decentralized exchanges, CEX and DEX, respectively. Each with their own advantages and disadvantages.

In the last few years, CEX’s, that operate their order books and user funds through centralized databases have demonstrated tremendous growth in their volume due to being rather user friendly. However, this has also made them into prime targets for bad actors with the desire to steal user funds. Decentralized exchanges, on the other hand, provide more asset security for users while at the same time trading-off convenience of use and the variety of assets up for trading.

As the Blockchain and cryptocurrency markets continue to evolve, new solutions emerge that stand at the ready to bridge the gap between the old fiat financial world and a new, alternative and decentralized one built on the philosophies of Bitcoin and Blockchain technology.

While the market has been swinging and cooling off following the late 2017 and early 2018 Bitcoin Bullrun and resisting recent global financial volatility, a small yet dedicated EU based team has been developing a Hybrid solution that combines the best of CEX’s and DEX’s under one hood.

NEXT.exchange, soon to enter the Blockchain economy as a premier hybrid exchange

NEXT.exchange is a hybrid, or HEX, digital-asset exchange which combines key functionality of centralized and decentralized exchanges. The EU based teams goal is to strike the right balance between the two popular market alternatives.

NEXT.exchange wallet systems (where user funds are stored) are decentralized in their technical nature, with Private Key Export to come down the line. The order matching system on the exchange is centralized, while asset movement relating to transactions will be recorded on NEXT’s hybrid Proof-of-Work/Proof-of-Stake Blockchain, NEXT.chain (in Mainnet with 130 Masternodes live, merge-mined with Bitcoin) for transparency and regulatory purposes. User funds are to be stored utilizing cold-storage methodology.

By combining the undeniable functionality advantages of centralized exchanges with the high security and Blockchain use of decentralized exchanges, NEXT.exchange is able to offer an unrivaled digital asset trading experience.

There are also a number of benefits that are available to NEXT.exchange users, including a utility coin packed with powerful use cases that you won’t want to miss. Let’s take a look.

NEXT.exchange together with NEXT.chain are powered by a unique digital asset, NEXT, that will provide its holders with considerable utility.

It is important to note that the ecosystem which NEXT’s EU based team has built consists not only of a hybrid exchange and Blockchain, but also a crowdfunding platform for prospective projects looking to enter the digital asset and Blockchain Landscape, NEXT.genesis.

We are excited to see how NEXT will develop and for insight from their current CEO, Gleb Jout, in our upcoming interview.

The backbone of NEXT.exchange, NEXT.chain

NEXT.chain

NEXT is built on its own blockchain called NEXT.chain, which is fueled by masternodes and can reach a high transaction throughput suitable for a cryptocurrency trading platform.

NEXT.chain is based on Bitcoin core and is self proclaimed as one of the fastest blockchains to date. Anyone can join the ecosystem by holding NEXTcoins, hosting a master node or mining NEXT. By virtue of being blockchain based, NEXT is able to support unlimited assets for trading, accommodate high trading volumes with instant transactions and have a decentralized governance structure.

Currently every user has an individual blockchain wallet for each asset on NEXT. There is no central or single wallet system – this is a huge security plus. Every user retains custody of their funds.

Furthermore, in the near future, NEXT users will retain full custody over their funds by gaining access to their own private keys. This will mean that NEXT users will have complete control over their funds – something that simply isn’t possible with other centralized exchanges.

Try next out today.

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*Disclaimer – NEXT are our Media Partners and therefore this content is sponsored by them. The fees paid by this project are used to pay for The Daily Chain salaries, dev work, hosting services, travel expenses etc.. that are required to make this company a success and continue to provide the community with great content on a daily basis.