ETHAX

When you want to acquire cryptocurrency, whether by purchasing it in a currency exchange or receiving it as a gift or as revenue, you direct the sender to a unique cryptographic address issued by the wallet. You might picture your cryptocurrency stored on the wallet the same way files are stored on a USB drive, but, in fact, the information stored on the wallet only points to your cash’s location on the blockchain, the public ledger that records and authenticates all transactions for a cryptocurrency. Spending with the wallet is as simple as scanning a retailer’s QR code or directing a specific amount of crypto to the retailer’s public address.

Cryptocurrency wallets are apps just like those you might run on a smartphone or computer.

The first cryptocurrency wallet was introduced by Satoshi Nakamoto when he first released the bitcoin protocol in 2009. Bitcoin is the most popular and widely used cryptocurrency, but others building upon its blockchain technology have emerged, and any of them can be stored on a cryptocurrency wallet. Wallets can hold multiple cryptocurrencies, including ETHAX Tokens.

Cryptocurrency wallets are apps just like those you might run on a smartphone or computer.

The first cryptocurrency wallet was introduced by Satoshi Nakamoto when he first released the bitcoin protocol in 2009. Bitcoin is the most popular and widely used cryptocurrency, but others building upon its blockchain technology have emerged, and any of them can be stored on a cryptocurrency wallet. Wallets can hold multiple cryptocurrencies, including ETHAX Tokens.

ETHAX has developed the ETHAX Wallet, which is effectively a Trust Wallet.

ETHAX Wallets will allow customers to buy, sell, swap and store ETHAX Tokens* as well as other cryptocurrencies such as Bitcoin, Ethereum, etc.

The ETHAX Digital wallet is accessed as an app. As with all digital assets the consumer must own a digital, secure wallet to house them.

A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets. As with conventional currency, you don’t need a wallet to spend your cash, but it certainly helps to keep it all in one place. When a user acquires cryptocurrency, such as ETHAX Tokens, they can store them in a cryptocurrency wallet and from there use it to make transactions

Decentralised exchanges, on the other hand, are simply a set of smart contracts. They establish the prices of various cryptocurrencies against each algorithmically and use “liquidity pools” — in which investors lock funds in exchange for interest-like rewards — to facilitate trades.

While transactions on a centralised exchange are recorded on that exchange’s internal database, DEX transactions are settled directly on the blockchain.

The ETHAX DEX will naturally trade ETHAX Tokens, but ETHAX will also use Pancakeswap DEX as an established business to grow from.

In the first quarter of 2021, $217 billion in transactions flowed through decentralised exchanges. As of April 2021, there were more than two million DeFi traders, a ten-fold increase from May 2020.

Unlike centralised exchanges DEXs don’t allow for exchanges between fiat and crypto — instead, they exclusively trade cryptocurrency tokens for other cryptocurrency tokens. Via a centralised exchange (or CEX), you can trade fiat for crypto (and vice versa) or crypto-crypto pairs — say some of your bitcoin for ETH. You can also often make more advanced moves, like margin trades or setting limit orders. But all of these transactions are handled by the exchange itself via an “order book” that establishes the price for a particular cryptocurrency based on current buy and sell orders — the same method used by stock exchanges like Nasdaq.

The ETHAX Decentralised Exchange is a non-custodial exchange built by ETHAX to further enhance the ETHAX brand across all aspects of crypto. This service will allow any customer to buy, sell, or swap ETHAX Tokens or any other major cryptocurrency at the lowest possible market fees.

A DEX is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfil one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, payment processors, or any other kind of intermediary.

Because an NFT allows the buyer to own the original item. Not only that, it contains built-in authentication, which serves as proof of ownership. Collectors value those “digital bragging rights” almost more than the item itself. ETHAX understands the opportunities within NFT that exist.