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As one of the important links in the closed loop of the digital economy, digital currency trading, which has a pivotal position, has been widely concerned by the project participants and ordinary investors. According to an analysis by Diar, the Chinese cryptocurrency exchange promoted 60% of global USDT transactions in 2019. So far, the USDT trading volume of the China Exchange in 2019 has exceeded 10 billion US dollars. In contrast, the US only traded $450 million in USDT.

The ups and downs of bitcoin prices not only affect the dream of the speculators to realize the freedom of wealth, but also determine the survival of the exchange, because the exchange is connected to the first and second markets of digital currency investment. The exchanges are in constant currency, and the market is changing rapidly. The market for digital currency exchanges is also unpredictable. Mt.Gox (Mount Gox), the head exchange of the year, has long disappeared into the digital currency market with the passage of time. However, the digital currency market is still promising and the exchange market is not fully saturated. The recently launched Picasso aims to serve the future “encrypted digital economy society”. It is not only a financial product application platform, but also an investment platform for decentralized exchanges. Picasso provides revolutionary distributed digital financial services to people around the world, and it hopes to help countries build a new financial infrastructure through Picasso.

Is decentralization the future trend of exchanges?  Can a decentralized exchange really solve the security problems brought about by centralization?  At present, there are still many challenges:

1. User training takes time.  In a bear market, the increment and learning enthusiasm of users are very limited, while learning to use a decentralized exchange has multiple cognitive barriers.  Users should first know and understand the concept of decentralized exchanges, then learn how to use wallets, and finally use decentralized exchanges. Each step is a big challenge.

2. The decentralized exchange lacks the customer service of the centralized service organization. Because users keep their private keys, they need to bear more psychological pressure. For users who are accustomed to intermediating services in stock markets or centralized exchanges, this requires a long period.

3. Judging from the competition alone, the centralized exchange has obvious first-mover advantage and has gathered a large number of users.  Although it has many problems, the core of its “money making sensation” is well maintained.  The exchange, represented by Picasso, has come back with some core and overwhelming advantages.

4. The performance bottleneck of TPS limits the development space of high-frequency trading. In centralized trading, market traders contribute most of the market turnover and also provide good depth for low-frequency trading users. In the past, in order to increase the communication speed between New York and London by 5.2 millisecond, New Jersey operator Hibernia Atlantic spent $300 million to achieve high-frequency trading within 60 milliseconds. At present, it is difficult to compete with centralized transactions in this regard.

Picasso’s comprehensive distributed exchange is constantly innovating in terms of fund management, user exchange and investment functions. Under the premise of safety, it will create a more smooth and efficient multi-functional communication platform for investors. Security and transparency are core concepts of the Picasso platform, enabling users to use the platform while gaining greater benefits and a better experience.

Xtreme safety

Safety is the bottom line for Picasso. Picasso’s team designed all possible security and post-event mechanisms to ensure the safety of user funds without losing one coin. The coin market trading system is 100% self-developed, and has passed strict technical tests from wallet to encryption system to ensure low latency and high performance of the system.

Picasso has multiple levels of comprehensive security, meets high security standards, and supports multiple cryptographic algorithms, including password-based privacy protection. Order processing speeds up to 1.2 million orders per second, ensuring that there are no delays and lags for order processing. Support more than 15 million online users simultaneously. In addition, the Picasso platform started the TBH program to allow each user to participate in the construction and development of the platform and build a harmonious platform ecosystem. The amount of TBH released continues to decrease, as evidenced by its value and future growth.

Xtreme transparent

In order to win the public’s trust, the exchange of products must make each transaction traceable. In Picasso, each transaction record is linked and the hash value of the blockchain can be found. The integrity of the blockchain has made Picasso open and transparent. This is the consensus of all users who have experienced the Picasso transaction whose assets and transaction records of each wallet are clearly visible.

Picasso continuously strives to improve the operational capabilities of the platform and provide investors with an efficient and quality service experience. While ensuring the normal functions of the exchange, Picasso creates the new trading service model, opens up innovative functions, and provides investors with more convenient services, such as supporting mixed mining, distributed shopping malls, etc., which restore the original appearance of the blockchain exchange.

Picasso is a comprehensive distributed exchange that integrates public chain technology, side chain technology, cross-chain technology and distributed banking. Picasso protects the interests of every investor. It uses unique user service mode and new functions to provide value investment services for the blockchain. Picasso is building an Internet finance + blockchain STO ecosystem with the goal of creating a distributed future “bank.” In the next one to two years, it is expected that more than 30 million users will participate in the field and 10 billion digital assets will be activated.

It is foreseeable that policies, technologies, capital, ecology and other factors will become the main obstacles of the next stage of exchange competition. Picasso’s digital cash exchange will serve as a connector between the coin and the chain, becoming the value output of technology and projects, and elevating the value of the blockchain and promoting the landing of its applications.

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Company Name: Picasso
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Country: United States
Website: http://www.globerelease.com