ENCRYBIT - FEATURE ENRICHED CRYPTOCURRENCY EXCHANGE
INTRODUCTION Cryptocurrencies are digital monetary units that operate independently of a central bank and is permission-less to use. Its transaction information, usually stored on a general ledger, is open and available for system participants to view. Additionally, cryptocurrencies generally do not appeal to authorities such as central banks, tax authorities, or judicial systems. This means that, generally, these entities cannot influence transactions of participants in the cryptocurrency payment system. Furthermore, cryptocurrency transfer is irreversible; third-party entities cannot cancel, block, dispute or carry out a transaction unilaterally. Consensus rules and encryption techniques are used to regulate the generation and issuance of cryptocurrencies. The world of crypto-currencies has difficulties that slows down its development among users without technical knowledge. One of such problems is the lack of a trustworthy and reliable platform for crypto-currency exchang...