4 Ultimate Solution Offered by BCNEX Exchange

4 Ultimate Solution Offered by BCNEX Exchange

Danang Juniar

Hello and welcome, now we're going to review about a newly exchange comes from Vietnam which is stated by team that this is Ultimate Trading Platform. The theme we're going to discuss is what solution they offered as a new exchange to us as a user.





First, they stated that Bcnex will provide fast, high liquidity, safety, and stability trading platform. Bcnex platform can handle up to 2,000,000 orders per second. Users will be provided with a user-friendly, proprietary platform that gives them the best trading experiences, both in our desktop and mobile App with 24/7 dedicated support. Let's spread them one by one!


Technical solutions

1. The BCOMS Order Matching System


The Bcnex Order Matching System (BCOMS) is a component that matches the buy and sell orders Of the exchange. This is the most important component Of Bcnex and is built with great precision. All buy/sell orders are stored in high-performance queues and the system is designed to ensure data integrity with no losses of orders. The BCOMS has low latency and flexible scalability, making it capable Of handling up to trading orders per second. This makes Bcnex one of the fastest exchanges in the industry, thus eliminating common issues due to overloaded systems and clogged orders.


2. A stable system built on a microservices architecture


Bcnex deploys microservices architecture to ensure scalability by adding physical servers when the system needs to handle a large amount of traffic and transactions. With a load balancing system placed on a robust infrastructure with the capacity to automatically monitor the system's condition, Bcnex maintains a stable service with uptime Of up to 99.9%. Access speed is also one of the prerequisites we focus on to improve user experiences. Bcnex uses microservices architecture, which is divided into small services with separate databases. This allows us to easily make modifications and scale when needed without compromising the whole system.


Safety and security solutions

1. Multi-layer security architecture


Bcnex has been engineered from the ground up with security in mind. To ensure this, we are deploying system security across multiple layers, including (but not limited to): robust firewalls, anti-DOS tools, and multiple user alerts. If abnormal activity is detected, Bcnex blocks the account for a certain period of time and alerts the owner of the account. The use of Google/SMS 2FA Authentication is required when the users perform any action relating to security and withdrawals on the platform as an additional measure of security. In addition to the process of KYC (Know Your Customer) before attempting to perform any transaction-related behaviors. we will make efforts to ensure security Of all users' crypto assets, aiming to achieve banking industry level auditing and security compliance


2. Optimal wallet solution


Considering that large balances of cryptocurrencies are being stored on major exchanges, it is important to have a strong system to keep user funds secure. After a long period of research and cooperation with security firms, we have designed a completely secure solution even in the event that the system is compromised, while still ensuring the system's liquidity. Our solution consists of a combination of a hot wallet, a cold wallet, and secure hardware. Our wallet operational structures are similar to those applied by banks, ISP providers, and the governments of developed countries. The vast majority of Bc-nex's digital assets (98%) are stored in various cold wallets, completely separate from the Internet and immune to malicious attacks. The remaining balance is in the hot wallets that are enough to cover daily withdrawal amounts of users.


Liquidity solutions 

The team behind Bcnex has ample experience in everything from design to client support all the way to customized liquidity management and low latency trading architecture in the forex trading industry. We have worked with, as well as operated, several trading platforms for business partners worldwide and have accumulated a large network of partners in the industry. These partners will be the key to the launch of the exchange and will lead to solid investment opportunities for users built on a well-established foundation of existing business interests and exchange model, seamlessly integrating traditional financial services with proven blockchain platforms and the emerging digital economy.


Customer service solutions 

Along the development of the infrastructure of the exchange, Bcnex considers service quality as its core value and competitive advantage in the emerging digital economy. At Bcnex one of our top priorities is pleasant user experience. Realizing that the largest user experience improvement to be made on current cryptocurrency exchanges is customer support, Bcnex's qualified team members are always willing and ready to solve any arising issues. As the number of users grows in our community, so will the customer support team, seamlessly.





Bcnex is not only built on sound technology, but it is also supported by a team with ample experience in traditional financial services. Our goal is to create an intuitive and stable environment for traders, offering a flawless user experience.


Apart from using BCNX tokens to trade, buy, and sell other cryptocurrencies/tokens on Bcnex, traders can also use BCNX to cover transaction fees and receive incentives of up to 75%. We will also have a special support program for a fixed number of coin/tokens that we consider to have long-term potential.


New coins and tokens will be added in the future after a careful review process to ensure consistency and quality. Only coins and tokens from projects with high reliability, large user bases, and strong liquidity will be accepted for review.


In addition to cryptocurrency and tokens, Bcnex will support the trading, purchase, and sale of several fiat currencies, such as USD, CHF, RMB, JPY, KRW, and VND with more to be added in the future.


Make sure that you will not miss any important news from Bcnex by joining us through all of Bcnex channels below:


My Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2264046


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