Most of the world’s cryptocurrency trading is done through centralized
exchanges such as GDax, Binance and Bittrex, etc. which are run by a single
entity, that in turn offers a one point of failure. Network and computer power
is centralized in regional servers while crypto-assets are placed on the exchange
wallets for trading, which are then reconciled when the user wants to withdraw.
Users of centralized exchanges deposit funds directly with the exchange, and the
exchange then becomes responsible for connecting the buying and selling orders
in real time. In recent months and years, there have been some high profile hacks
users’ crypto assets of worth millions of dollars’ worth were hacked and stolen.
At Chubex, we aim to revolutionize crypto trading by offering a state of the art,
open digital assets exchange with a zero-knowledge protocol that ensures
anonymity, privacy, and transparency. This white paper gives a detailed description
of how we aim to disrupt crypto trading by providing a cutting edge crypto trading
exchange. It aims to demonstrate how we are using our teams’ expertise to
make crypto based investment and trading easy and accessible for everyone.