Most popular cryptocurrency exchanges are centralized and can be easily taken down. They also require registration and verification. What is more - you must deposit your funds into their accounts to trade. ExchangeCoin was created to change all that.
The data is not kept on a single server but is shared among all the users, it means that decentralized exchange cannot be takedown even by government.
There is no 3rd party you have to entrust your money, each user holds the private keys of their coins. Multi-signature gateway software that protects the network from unauthorized transactions.
No need to register, all you will need is a client software and wallet address.
All transactions are person to person, and there is no 3rd party involved security.
All deposits, withdrawals, and order books will be stored on the blockchain. There is no place for exchanges manipulation.
We plan to project a blockchain that can process up to 100.000 transactions per second with an average confirmation time of just 5 seconds.
This point is challenging as transactions between different blockchains are not straightforward. We have some ideas, and few projects have already succeeded in atomic swaps, so we know it is possible.
Many countries have firewalls and ban their residents from some services. We plan to integrate VPN into the client so that anybody can have access at all time. It will also increase anonymity of our service.
ExchangeCoin is a coin that is being announced to raise funds and create the blockchain-based exchange. The cryptocurrency market is fresh, and there are just a few decentralized exchanges which are not very popular, as they are not easy to use. One of the main things we would like to focus on is a user-friendly interface. We would like to implement all the features that centralized exchanges offer right now and transfer them to the decentralized environment. It will stop manipulation, account bans, traffic overload, and theft. The blockchain is the future, and EXCC is part of it.