Xeonbit using peer-to-peer technology
Xeonbit announced today that they’d launched a new technology on their platform that will allow for clients to send cryptocurrency transactions between mobile devices. By using peer-to-peer technology, this private digital currency exchange will be able to keep all transactions encrypted. Not only will investors and traders be able to exchange currencies between mobile phones now, but all transactions will be held from prying eyes as well.
This technology is called “Ring Signatures”, and it uses a one-time internet address that disappears immediately after a transaction has been accepted — this way ensuring that clients know exactly where the funds have gone. This new service offers transparency on the highest level for traders or investors. The company believes this technology can be used in countless ways, that it can be used for charities wanting to receive the funds of transparent donators or for online retail websites such as Amazon for transparent bids.
Xeonbit isn’t just private digital currency exchange, but they also have a currency as well called XNB. Clients can download Xeonbit on their Linux, Windows or Mac computers with plans for mobile versions of this exchange to be released in the coming months. As of last month, the broker started to branch out their services by offering an additional coin called “XNS” on the Binance Decentralized Exchange.
Looking ahead in the future, this broker is determined to win over merchants and bring them to the Xeonbit ecosystem. The company believes that its new coin has the potential to be five times cheaper than XNB and also one hundred times faster for payment transfers. In the coming months, Xeonbit is going to change dramatically as a company and become one of the highest traded coins on Binance.