ASIADex

ASIADex

Definition of Hybrid

Hybrid blockchain, also known as semi-private blockchain, is a blockchain that is controlled by an organization or developer that also provides access for several users who have met certain conditions, usually this type of blockchain is used by B2B actors or the government industry. This blockchain is called semi-private because it combines the privacy benefits of a private blockchain with the security and transparency of a public blockchain. With these two features, they can provide significant flexibility to choose what data can be accessed and publish transparently and what data they want to keep private.

 

How Do the Users Function in The Hybrid Blockchain

Once a user gets the grant to access the hybrid blockchain platform, he can fully participate in the blockchain’s activities. He shares equal rights to do transactions, view them or even append or modify transactions. However, one thing that is kept a secret is the identity of the users from other participants. This is done to protect the user’s privacy.

 

When a user transacts with the other user, then only his identity is revealed by the party he is dealing with. To ensure that the above identification process is done correctly, companies and organizations carry out KYC (Know Your Customer) to make it work. Financial institutes especially need to handle it correctly as they cannot allow the transaction to be carried out by a user that is not entirely known to the blockchain.

Key Features of Blockchain Technology

Basically there are three main features of blockchain technology that make it able to get wide recognition. The three features are decentralization, transparency, and also immutable or immutable.

1. Decentralization (Decentralization)

Before blockchain technology existed, we were more used to using centralized entities to store all data and you had to interact only with these entities to get any information you needed. An example of a centralized entity is a bank.

In this decentralized system, all information is not stored by a single entity. In this decentralized network, if you want to interact with friends, you can do so directly without going through a third party.

Only you alone are responsible for the ownership of your money. You can also send your money to anyone you choose without using the services of a bank.

2. Transparency

Blockchain technology is quite effective for keeping track of information as well as transactions. In addition, the system in it has also been proven to be safe and transparent. Because, someone’s identity will be hidden through complex cryptography and only represented by their public address. So, when you want to find someone’s transaction history, then you can’t see it as “Budi Sends 1 BTC”, but will be replaced with “KfT2th38zy sent 1 BTC”.

So, even though the real identity of the person is safe, you can still see all transactions made by their public address. Compared to banking systems, blockchain systems are very different. With the technology applied by blockchain, information and user funds cannot be used without the knowledge of the owner (transparent).

3. Immutable

Immutability in the blockchain context is that once something has been entered into the blockchain, it cannot be tampered with/changed. This is certainly very important for financial institutions such as banks.

For the sake of guaranteed data security, transactions in the blockchain cannot be changed so that no one can delete them (immutable).

ASIADex is a Hybrid Decentralized exchange plaform that offers high performance order book with automated marker making. ASIADex will combine the best of centralized exchange in a decentralized environment with the function of traditional centralized exchange platform.

ASIADex Network

What is SDX Token?

SDX Token is the native cryptocurrency token of ASIADex ecosystem, SDX combined the power of utility and hyperdeflationary tokenomics. 30% of trading fees and profits are used buy back and burn SDX in the open market while the remaining 50% are added as liquidity, The remaining 20% are for marketing and operating expenses.

 

Additionaly SDX token will also serve as a native cryptocurrency in our NFT marketplace that will support Asian artist, content creators and online celebrities

Token Name: ASIADex

Symbol: SDX

Decimals: 18

Supply: 30 Million

https://bscscan.com/token/0x5974a1175536a186017f0ab207fb67a3ba0098ea

SDX Token will be listed 12/12 2022 @ 12:12 PM UTC @ ASIADex, Pancakeswap, MEXCGlobal, Gate.io

 

Conclusion:

Is Blockchain Hybrid the Future?

Public or private blockchains cannot solve every problem out there. For organizations and companies that want to take advantage of blockchain technology but don’t want to expose their critical business data and processes to the rest of the world!

Our Presale DApp: https://asiadex.network/#tokensale

 

Important Links

Website: https://asiadex.network

Twitter: https://twitter.com/ASIADex_Network

Telegram Channel: https://t.me/ASIADexTG

Telegram Group: https://t.me/ASIADexCommunity

 

Author by:

Bitcointalk Username: BasyasyahTalita 

BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3473234

Gmail: mmaharaja432@gmail.com

Wallet Address: 0x75cda3834A4e2090dDd5984fBd97dcAa9E665A55