EVEN representatives Shuhrat and Ilman recently held negotiations with DOBI Trade in Malaysia. The top 15 cryptocurrency exchange explores an innovative HEX model. What is the hybrid exchange model (HEX)?
clients use CEX interfaces
customer and technical support are provided by the CEX team
the keys to the digital assets are stored by the user
the EVEN Network infrastructure works as a decentralized ESCROW account that follows open protocol rules.
Advantages of HEX model for CEX
Clients continue to manage their assets after they transfer them into the system. At the same time, digital assets are held by the system through a multisig wallet. The Protocol is a decentralized intermediary and a guarantor (similar to the decentralized ESCROW);
A user is responsible for the storage and management of digital assets, as well as private keys;
CEX increases the number of traded cryptopairs without launch and management of own dedicated nodes;
CEX is no longer a “black box “ for its customers. CEX becomes open and transparent HEX: customers track their funds in the system and can manage them outside the system;
Security and transparency attract more customers and an exchange takes an opportunity for development.
The HEX solution is based on the EVEN crosschain technology.