Before the introduction of money, exchanges was done through the barter for example I needed a crate of eggs and I had a bunch of banana, I would have to go to the market and search for someone that is willing to accept a bunch of banana in exchange for a crate of eggs, with this sytem came so many problems like double coincidence of want, portability, divisibility and difficulty to measure value. To solve this problem the use of money was introduced, money derives its value by being a medium of exchange, a unit of measurement and a storehouse of wealth. With the inrroduction of money for use in transactions came the establishments of banks to serve as a place where money can be saved and used to make transactions without physically meeting the receiver. But with time banks started to have problems of delayed transactions, excessive control by the authorities, excessive charges and some banks even go bankrupt meaning all those that saved money in that bank has automatically lost their funds. To solve this issue came the advent of digital currency and the blockchain but this this digital currencies could not be used directly as they exist in a cryptographic network, this issue brought about the need for exchange platforms that convert this various digital currencies to other digital or cryptocurrencies or even to fiat, they sole purpose of the creation of the blockchain and crpytocurrencies was to have a decentralized platform free from control but with the fact that upto 73% of exchanges today are centralized this purpose has been lost, as this central exchanges control customers funds, charge excessive fees, delayed transactions and in some cases this exchanges have been known to steal users funds, the centralized nature of this exchanges make them easy prey to hackers. The anonymity of transactions on the blockchain has also been of concern to authorities as some criminals use it to carry out fraudulent activities.To solve all this problems Epiphany a neo blockchain based platform is created to keep users information safe, ensure a transparent and easily accessible network were users have full control thereby improving digital asset trading. Epiphany platform is in compliance with the global frame work with the inclusion of Anti-money laundering system and enures that only licensed platforms operate on the platform.
What makes Epiphany Special
• Epiphany aims to solve the problems facing most trading platforms using NEO technology . it ensures the full maximization of blockchain technology which would result in a smart economy
• Epiphany decentralized platform would improve the social credit system by giving scores to users based on their past transactions, this information would be made public and increase level of trust.
• Epiphany smart contract would enable users to trade without the intervention of a thirparty controlling the transaction process
• With Epiphany maximum security is guaranteed with the inculcation of smart contract and Anti-money laundry coupled with know your customer(KYC) to ensure the identification of users and prevent fraudulent activities. In addition to the blockchain technology which makes information track able biometrics would also be integrated to identify users.
• The NEO technology used by Epiphany would ensure low transaction fees and fasten the transaction process
• Epiphany platform operations would conform to global regulations as the platform would ensure every platform that operates in the ecosystem is licensed
Epiphany using NEO technology would make cryptocurrency trading and making payment more easier and secured giving users full control of their digital assets free from any third party control.
TEAM
For more information about the project use the links below
Website : https://epnex.io
Whitepaper : https://epnex.io/static/Epiphany%20Whitepaper.pdf
Reddit: https://www.reddit.com/r/EPNex/
YouTube : https://www.youtube.com/channel/UCmyi3GvcNJwr_sSvCTg3eBA?view_as=subscriber
Twitter : https://twitter.com/@EPNex
Facebook : https://www.facebook.com/EPNex.io/
LinkedIn : https://www.linkedin.com/company/epnex/
Github : https://github.com/nerodeveloper/EPN
Medium : https://medium.com/@epiphany.blockchain
Authors Bounty0x username: maxibrainz
Waw this is interesting from Epiphany project, integrating Neo technology would make every transactions more smoothly and secure. Nice update from you Man.
The epiphany system is building a unique platform that will revolutionize the blockchain ecosystem
Epiphany would ensure faster and more secured blockchain transactions, nice write up
Epiphanys decentralized exchange will ensure smooth trading for crypto traders , i am extreemly bullish on this
The issues that Epiphany is trying to solve is very common, which might not seem unique, but if their approaches are effectively enough, Epiphany has potential to succeed.
with EPIPHANY Investors will be able to trade without a third party controlling transaction process. Epiphany platform is going to be one of a kind
EPIPHANY features help to prevent and reduce financial crimes such as money laundering
and illegal financing on a global scale
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