Many problems exist with the conventional centralized exchanges: 1.Poor market depth leading to inability of executing instant market orders 2.Frequent coin theft cases raise issue to asset security management 3.The hassle of registering and managing multiple accounts due to the limited number of assets supported by each exchange Blockchain technology is advancing at an astonishing speed, yet, traders at current centralized exchanges often have 3 major struggles. 1.Markets have poor depth, which is causing the inability to complete instant orders. Traders can't buy or sell on the spot. 2.The frequent cases of coin theft indicates that the trader's assets are at constant risk. 3.The hassle of opening and managing multiple accounts to trade different assets at different exchanges because there isn't an all-inclusive exchange. The upgraded crypto exchanges, having experienced two generations of iterations, have obtained features of security and decentralization. Yet problems such as having poor market depth, limited tradable assets, and inconvenient user experience persist. Third generation decentralized exchanges, while maintaining previous accomplishments, are modified to achieve faster transaction speed, easier operations, and lower trading costs. Introducing DeepEx, a third-generation decentralized exchange endowed with various innovative features. 1.It has the decentralized design, encouraging higher leveled security 2.Its ability to fulfill Instant orders empowering traders to never miss a deal 3.One account is utilized to connect global exchanges, bringing users more convenience and better user experience 4.Intelligent filtering helps users to find the best deal and purchase assets at lower cost Comparing to centralized exchanges, DeepEx has the following features: Easy to use, having an inclusive list of assets, aggregating popular exchanges, executing orders at the best possible price, supporting altcoin tradings, incorporating just a single account, and decentralized asset management. Comparing to other decentralized exchanges, assets stored on the DeepEx platform are managed decentralized; account creation is free; the platform has better market depth and supports cross-chain assets, and one account is all it needs to trade across the network. Comparing to existing aggregated exchange platforms, in addition to aggregating market depth and one-stop trading, DeepEx enables decentralized asset management, atomic order matching, utilizes the Econophysics algorithm, aggregates less popular assets on small exchanges, and establishes barrier-free exchange integrations. The Cross-Chain Settlement Network works as the blockchain ledger that manages the crypto assets of users and brokers, and it is responsible for transaction settlement upon order executions or cancellations. The network, maintained by a group of notary nodes, enables cross-chain transfers of assets through multi-signature scheme and smart contracts. It connects a set of public chains, such as XRP, EOS, BCH, XMR, etc. to support cross-chain token deposit and withdrawal. Consensus by the notary nodes must be reached for any transfer of real assets to occur, therefore assets will not be misappropriated or stolen even with the existence of a few evil nodes. Decentralized management helps assure asset security. The Relay Network is an off-chain order dispatching system that splits user orders into a set of child orders, which are then executed by multiple brokers on different third-party exchanges. We utilize the most cutting-edge Econophysics research achievements to predict the probability of completing an order at different exchanges and different prices so that each order can be fulfilled at the best price on the premise of ensuring a certain completion rate. With the dispatched order and the probability prediction model, DeepEx order completion efficiency will far exceed the full order execution efficiency of other aggregated trading platforms. Once the user orders are dispatched by the Relay Network, they will be collected by the broker gateway for services. The Broker Gateway keeps records on the registration information of the brokers, including their API Keys and Secrets on third party exchanges, which are used to sign requests of exchanging APIs when orders are placed or revoked. Brokers receive stable returns on trading fees, and everyone can become a broker to earn commissions. Join DeepEx to go into the 3.0 era of decentralized exchanges!
