Digital Ticks - crypto exchange designed by traders for traders.

Anyone who plunges into the world of digital currencies, sooner or later, faces the need to choose crypto exchange. With the advent of cryptocurrency, there was a need for their purchase, sale, and exchange. Therefore, the first exchanges appeared right after the bitcoins owners wanted to exchange them for dollars or another currency. With the growth of popularity and the emergence of new cryptocurrencies, many exchanges have appeared, each of which has its advantages and disadvantages. Thus, one exchange has a large selection of currency pairs another one is a convenient interface; the third have expanded functionality and many tools for technical and graphical analysis, the fourth quickly add new tokens immediately after the ICO, the fifth provides security, etc.

Dozens of exchanges compete with each other, but they all share the same shortcomings:

• Poor customer service. Issues related to deposits, registrations and account blockages resolving within weeks, which is unacceptable for crypto-currency trading;
• The complexity of scaling. The exchanges do not cope well with the inflow of customers, which is confirmed by the closure of the registration on Bitfinex and Bittrex in December 2017;
  The exchanges repeatedly subjected to hacker attacks, as a result of which were stolen tokens for millions of dollars (the latest example - an attack on Coincheck in January 2018);
• Low withdrawal limits. Traders often face complex verification and can not withdraw their funds quickly. For example in November 2018, the Bittrex exchange reduced the withdrawal limit to 0.4 BTC daily for users who did not pass all the identity verification procedures;
• Tightened verification. On most sites for the exchange of cryptocurrencies, administrations check documents of traders for weeks, because of which users can not trades and make a profit.

The lack of safety, transparency, and efficiency at the centralized services dictates strong demand for the decentralized exchanges. The new participant of the market under the name Digital Ticks Exchange (DTX), will solve these and many other problems and will try to meet the apparent needs of the community. This exchange developed by traders taking into account requirements of traders. The Digital Ticks Exchange team has ten years' experience in the market of global financial derivative instruments.

The first advantage of Digital Ticks Exchange is decentralization.
The centralized exchanges it is imperfect classics. The principle of work of the centralized exchanges nullifies many advantages of blockchain technology. Coming on such platform, the investor transfers the assets to the third party, that is, loses over them individual control.
There are also other inconveniences. The significant inflow of users leads to an overload of systems and draws the attention of hackers to the centralized exchanges. There is a risk that public authorities will interfere with work of the exchange and will block accounts. If controversial will situation arises, the withdrawal of assets may drag on a long time.

All of the above is a severe reason for finding an alternative. The alternative might be the decentralized exchange - Digital Ticks Exchange. All Exchange participants will have equal rights and opportunities to perform any operations while keeping funds in their wallet, and not in the purse of a third party. Since the funds don't store on the exchange, the risk of hacking such a platform is minimal. And work speed on her, on the contrary, the highest. But work speed on her, on the contrary, the highest.

The Digital Ticks team conducted a series of security checks to protect user privacy and wallet security. Therefore, further, we will discuss security issues.
The main risks for users of the exchanges are there possible bankruptcy, the hacker attacks, and banal fraud on the part of the exchange. Moreover, to return money in each case is unlikely to succeed. IIn this sense, one can not help recalling the history of Mt.Gox, one of the first crypto-exchanges. It appeared in 2010, by 2013 it controlled about 70% of all world trade of bitcoins and collapsed in mid-2014, after from accounts of Mt.Gox as a result of the hacker attack been stolen 473 million dollars. Exchange clients have nothing left. How could it occur? I'll explain, the usual centralized exchange has a server, a lot of equipment in a particular place, and a lot of software shells inside which the server application functions. All these elements are potential targets for a hacker attack.

One of the key criteria for choosing an exchange should be the level of security that it is ready to provide. On the exchange Digital Ticks working for a blockchain, the only weak spots are the structure of smart contracts and the server with the website of the exchange. Therefore it is much more difficult to interfere with such work. High level of safety Digital Ticks main advantage. Also, the team of Digital Ticks Exchange guarantees that the security system will continuously improve.

Therefore it is possible not to doubt the safety of the exchange, but as for the security of the user accounts? How much are they protected? At once I want to note that this is one of the main criteria in the issue of choosing a trading platform. The wide choice of ways of protection of the account means that the exchange cares both for the clients and for the reputation. However, Digital Ticks Exchange developers have taken care also of it. First, to minimize the possibility of hacking, Digital Ticks Exchange will store most of the reserve in cold storage (it will not show on the web server or any other computer).

Additional opportunities which will protect your account Digital Ticks Exchange:

• Multisig wallet, which is used to add an extra layer of security for cryptocurrency transactions. Funds can be withdrawn through Multisig wallet only if 2 out of 3 registered signatures matches on Blockchain.
• Two-factor authentication (2FA) during login, and also for withdrawal of crypto assets. Withdrawal of crypto-active assets will also require confirmation by e-mail.
• DDoS protection would be using for its exchange to protect users from any hacks.