BITMORA: A DIGITALLY MASTERED EXCHANGE PLATFORM FOR CRYPTOCURRENCY TRADING
Cryptocurrencies are about the trending thing on the internet today. When in 2009 the pseudonymous Nakamoto Satoshi stepped into the financial world with his whitepaper (that detailed what he was introducing), little did we anticipate that the world was going to be experiencing the revolution it presently is seeing. This gave birth to the cryptoworld (not just the bitcoin). Imagine when cryptocurrencies enter the exchange markets and takes it chunk off the Foreign Exchange (FOREX) that sees over $5 trillion every 24hours of trading!
This is a huge investment platform for the technologically savvy and the profit making entrepreneur.
BITMORA is a cryptocurrency exchange platform based in the United States (US) that is poised to bring a radical and paradigm shift in the financial market, creating a platform that seamlessly exchanges cryptocurrencies on a secure and safe platform doing several operations simultaneously.
BITMORA seeks to be the platform for doing trading on the market with low fees coupled with a unique voting system designed to create a unique and evolving ecosystem that guarantees the safety, growth and reliability in the hands of those who are passionate about cryptocurrency and have a stake in it.
Ab initio, let it be made clear that the founders and brains behind this project are by no means people of low career pedigree. These are veterans in their respective fields of endeavour who thoroughly understand the concept of what they are talking about and have years of hands on experience on trading currency pairs and exhibit a high level of core competence in their career paths.
The objective of this platform as earlier pointed is to introduce a radical departure from the way and manner the world looks at cryptocurrency investment with a view to making it acceptable and user-friendly.
BITMORA will not just be an avenue for currency interaction; it will be one that will be resource and human interactive. While a lot of platforms make promises that they do not keep, BITMORA will deliver on its promises from the first day of inception. It is designed to be community interactive and open to innovations, suggestions and criticisms in order to move the platform progressively and bring the best to it maintaining standard, decorum and transparency. It is on the basis of the objectives of this platform that the innovators decided to make BITMORA help the world understand what Bitcoin, Ethereum and other alternative coins are and how they may utilized from making purchases, to the payment of services.
In this year 2017 alone, the bitcoin price has risen from $1000 in January to $18,000 in the month of December- over 1700 increase% !
Prior to the creation of the BITMORA platform, the exchangers available were left with no choice than to trade on dated engines with poor security and slow response time. Other challenges like slow customer support systems resulted in the poor response to customer enquiries and thus did not reflect well for the managers and the investors. For this cause, this platform is poised to provide a cutting edge, digitally mastered environment that will bring the much digital touch to the way the cryptocurrency world should be viewed and experienced. BITMORA will be opening with 40 of the most reliable and market driven pairs. Networks and servers that will be the vehicle of operation will be scalable and will have a multiple failover engines in the event of a DDoS attack. Because the platform will have a democratic sense to it, voting system will ensure that every user has a voice in the decisions to be implemented by the company.
One of the challenges users are currently experiencing in performing transactions relate to the fees they have to pay. Transaction fees by the day are not only on the increase, but are becoming unbearable and burdensome to the users. BITMORA will be eliminating this bottleneck by bringing aboard a reasonable and fair fee
How will BITMORA operate? BITMORA will employ the state of the art enterprise-performance order matching. This architecture is designed to carry out over a million transactions every second because it is designed to have an ultra-lean architecture that will enable this possible. BITMORA will operate on browsers like Firefox, Chrome, Safari etc and will be compatible with iOS and android.
The beta version of BITMORA will launch in the fourth quarter (Q4) of 2017, demonstrating its compatibility with the Internet explorer and other internet browsers. The full release will feature an app for both the iOS and android types of smart phones.
Let it be emphasized that the uniqueness of the BITMORA platform will employ the custom embedded DB Stream database that will be connected to a distributed or decentralised ledger platform. It will be built from the scratch all the way up to support the purposes and tasks intended for the platform. Of course high performance order management systems will be employed to handle all orders so that they will be scalable easily to the appropriate feature/size. Certain checks like the load balancers will be deployed to ensure the traffic flow to the gateway which handles everything on the platform. Robust risk management system will be utilised to a wide range of limits and controls.
Security is one area the BITMORA platform will dutifully engage to ensure safety and prevention of breaches; which are common experiences on trading platforms – don’t ever happen on the BITMORA network. Another side to this security is that all round the clock monitoring of the cold storage will be observed. To prevent internet fraudsters from gaining access to the cold storage, there will be no automation software linking the hot wallets to the cold storage. Strict guidelines that will be the code of operation for all staff will be adhered to. Because data may be compromised and used for purposes not intended, all the data that will collected by the company will be encrypted whether it is been used or not at any instant. There will be zero tolerance to security breach on every front. Whatever information is generated during transactions will be securely registered on the ledger and monitored.
Finally let it be mentioned that whatever is necessary to ensure that this platform is compliant and licensed to operate under the extant laws of the nation are duly and fully followed.
The time is ripe and the stage set for the wise to invest in the BITMORA platform. It is the direction of the future for the cryptocurrency world.
BITMORA: The future platform of cryptocurrency exchange.
For more information Please go to:
https://bitmora.com/
https://twitter.com/bitmora_inc/
https://bitmora.com/whitepaper.pdf
AUTHORED BY: https://bitcointalk.org/index.php?action=profile;u=1221082