DAEX Whitepaper

Abstract

DAEX is a clearing solution for centralized cryptocurrency trading
exchanges. Its clearing service is based on distributed ledger
technology. Clearing and settlement rules are preprogrammed into
clearing smart contracts on the DAEX clearing chain. The clearing
process is automatic without people’ s interference. The objectivity of
clearing is guaranteed by the consensus mechanism on the clearing
chain. Also, customers’ digital assets are registered and stored on the
DAEX’ s clearing chain. No other institutions or individuals can access
these assets without the owner’ s permission.

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DAEX Whitepaper

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