Want to build a decentralized exchange platform like IDEX? Here Coinjoker-Cryptocurrency Exchange Development Company offers the top most IDEX clone scripts of building a cryptocurrency exchange platform.
The IDEX clone scripts is built by our blockchain developers which deeply involved by the thorough security and user-friendliness of traders to do buy and sell in the decentralized exchange platform.
Lets we get into discussion about IDEX before building your popular crypto exchange website.
Simple words about IDEX:
IDEX is a decentralized exchange or peer to peer crypto platform for trading Ethereum (ERC-20) tokens. IDEX not only concentrating on decentralized, it combines the speed of centralization with the security of blockchain settlement.
IDEX is appreciated for the Ethereum based decentralized smart contract exchange to support real-time trading and high transaction throughput. Besides, IDEX is the most advanced Ethereum Decentralized Exchange, supporting limit and market orders, gas-free cancels, and the top performance in filling many trades at once.
How IDEX decentralized exchange platform works:
IDEX decentralized exchange platform consists of a smart contract, a trading engine, and a transaction processing arbiter. The smart contract is responsible for trustlessly and secure storing of all crypto assets and executing trade settlement, and all trades must be authorized by the user’s private keys.
However, unlike other decentralized exchanges, the IDEX smart contract is designed to provide high security in crypto trading such that only the exchange is authorized to submit signed trades to Ethereum. This enables IDEX to control the order in which transactions are processed, separating the act of trading from final settlement. As users trade their exchange balances are updated in real-time, while simultaneously used their private keys to authorize the crypto trades in the smart contract. This authorization prevents users from rescinding any completed trades, and prevents IDEX from initiating any unauthorized trades.
Authorized transactions are passed to the arbiter which manages the queue of pending transactions, dispatching them in sequence to ensure that each crypto trade is mined in the correct order and that the smart contract balances stay in synch with the exchange balances. By controlling this transaction sequence, IDEX decentralized exchange platform provides the high speed, top performance and user experience of centralized exchanges which are combined with the security and auditability of decentralized exchanges.
Know how IDEX platform follows the process to get started on crypto trading platform:
- Unlock your Ethereum wallet
- Deposit tokens on the exchange
- Start trading and earn rewards
These are the above simple steps followed in IDEX crypto platform for trading and exchanging.
IDEX exchange platform is noted for the faster and more user-friendly than other decentralized exchanges.
How the crypto assets are safer in IDEX platform?
All funds held within the IDEX wallet are under the user’s control at all times. IDEX can not trade, withdraw, or make any other transactions with your funds without you first cryptographically signing permission for IDEX to do so. Because IDEX keys are the only ones authorized to submit withdrawal transactions, they have included an escape hatch that allows users to withdraw directly from the contract after a certain period of inactivity.
Where to create your website like the secure IDEX platform?
Coinjoker- Popular crypto exchange clone scripts develops a IDEX decentralized exchange platform for buy and sell all and high volume crypto trades at a small time.
You can setup your own cryptocurrency exchange platform similar to IDEX and you can get the additional features and services from our coinjoker for building a your secure crypto exchange website.
Our coinjoker company experienced in providing crypto exchange websites and clone scripts since 10+ years. We are glad to satisfy all our clients over the global. We provide highend and topclass unique and attractive crypto exchange clone scripts and serving our business to next level.
Disclaimer: Coinjoker never has control over the idex and their trade mark, also we are not doing any promotional activities for them. We are using the term "idex" for easy understanding and identification. Our products and services are not mean to harm any organization or individual.