Ripa Exchange is a hybrid-decentralized exchange with a strong focus on lowering the entry level of opening new exchanges and giving crypto traders safe and secure trading partners to operate with, on a daily basis.
The team of RipaEx believes that, despite the recent developments in the world of cryptocurrencies, it is still expensive to open, manage and build trust on a newly created exchange, for the following reasons:
- High volume of resources, needed to run a reliable exchange platform;
- High cost for building the platform;
- High liquidity, necessary to run a profitable business in the first 5 years gap.
We have to act right now in order to fix some problems: users are frustrated by unreliable exchanges that run away with their funds, got hacked or do not sustain the load of a growing industry. Despite the effort of exchanges managers to offer efficient, reliable, and easy to use platforms to Trade, the entry prices for building such platforms is in the rage of 250-300 thousand euro (and that does not include personnel cost to give platinum customer support, platform infrastructure and daily expenses for the business). It is the aim of this project to give you an Open Source, efficient, reliable exchange platform and to give the needed liquidity1 to your newly created exchange from day one, so that you can focus on finding new customers, give platinum support and comply with all the heterogeneous laws in the industry. We want that the customer experience will be the sleekest possible, while making it safer to trade.
Ripa Blockchain will inherits the Delegated Proof of Stake (DPoS) consensus system, that was first introduced by BitShares. This consensus algorithm was designed to eliminate the issues associated with Proof of Work (PoW), namely the centralization of computing power and the exponentially increasing waste of real world energy. While not completely decentralized as it relies on consensus by a fixed number of elected delegates, it guarantees a better decentralization than Bitcoin. The consensus algorithm implementation is improved over time, evolving into an optimal consensus system.
Our mission is to build the world best open source crypto asset marketplace with a high performance trading engine and safety which can be trusted and enjoyed by users. Additionally we want to move the crypto currency exchange technology forward by providing support and add new features. We are helping people to build easy their own exchange around the world.