RIPAEX: THE NEXT BLOCKCHAIN EXCHANGE REVOLUTION IN THE CRYPTO ASSET MARKETPLACE
Kanophooty
RipaEx is a project to facilitate the uptake of standards to share liquidity between crypto assets marketplaces. The objective of RipaEx is the promotion of shared source code for wallets and exchanges in the virtual currency industry: it is the aim of this reference document to give in-depth information to prospective exchange developers, or exchange managers, to enable correct decision-making and to ensure success for their proposed projects. It seeks to analyze the real potential in the Country of application for a network of cryptocurrency exchanges, and its place in the market.
AN OVERVIEW OF CRYPTO ASSEST
Crypto assets are an alternative to centralized assets managed by (country-specific) stock exchanges. Although certain stock exchanges gives the possibility to their users to verify and manage the assets they own, the verification process is not always transparent, that is the reason because from 2009 onwards a new types of (community-verifiable) assets have been implemented to give small, medium and big investors complete transparency in the managing of their investments assets.
Recent developments at European Union level and worldwide are transforming both how virtual currencies are treated and the way ICO (Initial Coin Offering) are legislated. These combined developments have made the use and production of virtual currencies an increasingly favorable prospect. In October 2015 the European Court of Justice ruled that bitcoin and other cryptocurrencies are exempt from VAT taxation. In July 2016 the European Commission adopted proposals for legislation to amend the 4th Anti-Money Laundering Directive (4AMLD) that will bring virtual currencies exchanged and wallet providers into the EU’s anti-money laundering framework. In February 2018 the European Commission launched the EU Blockchain Observatory and Forum [7] to highlight key developments in blockchain technology, promote European actors and reinforce European engagement with multiple stakeholders involved in blockchain activities.
WHY CHOOSE RIPAEX?
OPEN SOURCE: All source code are fully released under the terms of the MIT License. Ripa Exchange is a customizable cryptocurrency exchange solution architecture enables easy connection to KYC/AML, authentication, ETL/reporting, and other services.
COMPLIANT: International KYC/AML standards. Ripa Exchange KYC efficiently submits and exchanges KYC information to meet the banking supervisory standards and comply with Customer Due Diligence (CDD) requirements.
TRANSPARENT & CONFIGURABLE: Customize in your own way Major functions have been embedded in the source code – neat registration and log-in interface, personalized deposit and withdraw procedure, best match of bid and ask, etc. These functions are comprehensive and are ready to use with no extra work needed.
PROOF OF SOLVENCY: Easy deployable PoS. Ripa Exchange Proof of Solvency (PoS) allows users to verify the solvency of the Ripa Exchange based cryptocurrency exchange without compromising user privacy.
MULTI-ACCOUNTS TRADING: Easy currency configuration. Ripa Exchange allows to create multiple accounts and trading in multiple currencies. Ripa Exchange makes it is easy to trade different currencies.
MULTI-ACCOUNTS USERS: Easy account configuration. Ripa Exchange allows to create multiple login accounts Google, Facebook, Twitter and FIDO Alliance login standards to secure your account.
ENTERPRISE EXCHANGE: Start small, grow big. Ripa Exchange enterprise exchange features include a high-performance matching engine, scalable distributed worker threads, and SMS 2-factor authentication.
FUNCTIONAL & INTUITIVE: For the new trader, for the experienced trader. Clean, user friendly registration and login interface. Personalized deposit and withdraw procedure and a built-in proof-of-solvency audit.
THE RIPA BLOCKCHAIN
The RipaEx project will have its own blockchain called Ripa which will be run on the DPOS protocol and has the XPX token running on it that will serve the five following purposes:
To list new cryptocurrencies on Ripa Exchanges
To advertise new projects
To buy RipaEx gadget on the RipaEx Store
To pay for the sale of goods & services on authorized resellers with our RipaEx POS (Point of
Sale)
To share liquidity between Ripa Exchanges in the same network
Ripa (XPX) is a cryptocurrency derivate from ARK, Lisk, Crypti and BitShares with unique differences and improvements for reaching the goal of shared liquidity between exchanges in the same Ripa network. This code however inherits the simplified interactions between ARK and other blockchain systems using DPoS as their consensus. This homogeneous codebase allows for the potential to provide service bridges in the form of ARK-Lisk blockchain apps, along with any other additional systems provided by their blockchain administrators.
Ripa blockchain is an ark fork and the use of a blockchain technology for the network of exchanges created will complete the Ripa ecosystem by permitting each exchange in the Ripa network to share the same liquidity. We will always entrust ark as our blockchain technology provider to merge their code into our latest features for what concerning the Ripa blockchain.
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Username: Kanophooty
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