Bictory Finance is a Web 3.0 company building a multi-chain product suite to bring security to DeFi & NFT investors, including BictoryEX, BictoryDEX, multi-chain NFT marketplace and Concordium Name Service ( CNS )
As we know, the evolution of web technology from Web 2.0 to Web 3.0 is trending all over the world. Since the Web 3.0 network will operate via a decentralized protocol With blockchain as the foundation, Bictory supports being the only centralized exchange platform that has a Web 3.0 foundation, And combines a fast order matching engine and a sleek and classic trading user interface at low cost across the industry by using the Web 3.0 domain concordium to simplify transactions on the blockchain.the Bictory team developed a centralized and decentralized exchange. Unlike other platforms, Bictory utilizes ID-layer concordium features, which will serve as KYC in identifying all individuals and entities on the network. talk about the concordium blockchain that bicory uses in its ecosystem and what is the concordium blockchain, as follows ;
About concordium and ecosystem Bictory ;
Concordium is a blockchain architecture with decentralized, permissionless, privacy focused features with accountability through its ID layer. Protocol level ID. which is meant to provide additional security.
Concordium itself is the first permissionless blockchain that global businesses can trust and with a protocol-level ID, Concordium functions using a Proof-Of-Stake, unlicensed and decentralized mechanism. with a layer of smart contracts for businesses focused on low and stable transaction fees in Euros, as well as ID verified participation, Concordium implements a sharding mechanism, which makes the capacity unlimited and throughput of the blockchain extendable by a number of fast fractions and optimized in parallel. also enables Intershards and Private shards signaling. Transactions on the Concordium Platform are finalized and cannot be changed without relying on subsequent block creation. Its unique dual-layer consensus doesn’t reduce speed for safety or anything else, Concordium’s innovative Identity Layer at the protocol level also offers transactional privacy enabling accountability and interoperability to relevant regulators. In short, Concordium is a layer 1 and layer 2 blockchain solution in the blockchain space that has not been solved by any other blockchain, through a Proof-Of-Stake mechanism, Fast, Secure, Low-Fees, in high Scalability.
Bictory leverages the protocol-level ID Layer feature, Web 3.0. Concordium’s decentralized, or domain name service (CNS), allows users to print blockchain domains replacing long strings of alphanumeric characters, which serve as wallet addresses, with names that the system reads and can remember by humans. this allows simplifying transactions and interactions with Dapps.
Bictory Finance’s Web 3.0 application ecosystem, making it a one-stop shop for all users with a concordium Protocol-level ID layer, and maintaining a Web 2.0 feel with a fashionable and user-friendly design.
Bictory Centralized Exchange
Bictory Centralized Exchange or BictoryEX has incorporated Concordium’s advanced technology framework to rival top tier centralized exchanges. you can trade futures. spot trading, or use portfolio management tools, and take advantage of several advanced order types to trade faster at lower costs. Bictory CEX is designed with a UI/UX experience that is compatible with all devices, Relative, Responsive, Fashionable, and user-friendly. Bictory’s security is strengthened using the protocol-level ID layer concordium provides to protect users from hacking and loss of funds. Concordium ID layer keeps user identity safe, with your own Concordium ID, no need for KYC with Bictory, you can still use Bictory platform safely as long as you login using your Concordium ID. Having the KYC Process handled with Concordium, makes the operating costs of a centralized exchange make Bictory fees more competitive and very attractive.
About Bictroy Finance
Bictory Finance is a Web 3.0 technology company building multi-chain solutions to bring safety to DeFi & NFT investors, founded in 2019 by Joha Sulaymonov. Its product portfolio boasts of a centralized exchange, BictoryEX, to make trading easier & friendlier, Multi-chain (Now on Solana & Concordium) NFT Marketplace with an extra focus on creators, the Concordium Name Service (CNS) to make surfing Concordium more user friendly and a DEX (coming soon).
Find out about Bictory Finance here
