EPIPHANY | Project Overview
Hello dear friends! We live in an information age. Information today is of great value. With the advent of the Internet, the amount of information has increased, but its quality sometimes leaves much to be desired. With the development of blockchain technology, it becomes possible not only to securely store information but to process and reliably transmit. The world is changing. Today I want to tell you about the EPIPHANY project. let's begin!
Mission of the project
Today there are centralized exchanges on which the assets are exchanged. Since the start of 2017, the average daily number of visits to exchange platforms have exceeded the astonishing number of 50 million times, and the average daily transaction volume has reached USD $800 million for one large-scale digital asset trading platform. But the problem of such exchanges in the weak protection of user assets. There were cases when such exchanges were hacked and hackers stealing assets of people. The blockchain technology is a decentralized growing public ledger that records all financial transactions. All records are linked and protected with cryptography. No transaction can be recorded in the blockchain technology without the nodes verifying the transaction process. To provide a fair process, all nodes distinctively verify the transaction. They all agree on a result and if majority verifies that the transaction is right, the transaction becomes recorded in the public ledger. However, EPIPHANY aims to solve the problem of the centralized trading platforms by incorporating the NEO blockchain technology. The NEO blockchain technology provides a system where the blockchain technology is fully maximized to give access to a smart economy. The main goal of the Epiphany project is to solve these problems and offer the best solution.
Epiphany aspires to become a first-rate global superior trading platform for digital assets; enabling licensed institutions to smoothly establish their own digital assets trading system within the EPIPHANY ecosystem; enabling each participant to trade with confidence and security; and enabling regulatory agencies to monitor EPIPHANY operations in real time to ensure openness, transparency, and compliance.
Digital platform companies can be divided into two camps based on their business models; one is a horizontal model, which provides service to a broad spectrum of industries. Examples are Google, Alibaba and Yahoo. The second one is a vertical model with an industry-specific focus, and it serves a single business line like Houzz.
Digital platforms are extremely necessary in today’s economy due to the great number of companies who want to offer their product or service online. Ever since the creation of the internet, digital platforms have been a growing necessity, therefore a growing business as well.
One main cause of loss of coins is the total incorporation of hot wallets. Centralized trading platforms store all funds in their hot wallet which is directly linked to the internet. EPIPHANY provides a solution to this by incorporating cold wallet. Cold wallets are not connected to the internet and this makes it difficult and highly impossible for hackers to hack into the wallet. In my opinion, this decision will eliminate the fear of many investors and attract new users.
EPIPHANY is not only a trading platform but a platform where new projects which are compliant and licensed can offer their digital assets. This multi-purpose platform provides a search engine for multi-platform trading information.
The core functions of EPIPHANY include; C2C, Trading Center, Brokerage System, and News Live Feed.
The ecosystem is built on the NEO blockchain technology which allows user operate in a decentralized platform with added and increased security. EPIPHANY is developed to provide a distributed network where users can access the smart economy through the provision of digitalized assets where different digital assets will be listed on the platform and users will be allowed to directly trade in multiple coins. Investors will also be able to access the economy through the incorporation of digital identity where the information of all investors will be attached as part of the digital market. Hence, no transaction will occur in the trading platform without the authentication process of the digital identity programming. This makes this project unique.
As we see in December 2018 EPIPHANY will launch the European node trading platform and the EPIPHANY Annual Plan.
This project has a good team with experience in finance and investment. Project CEO is Mark Ren. With his experience in financial risk control and asset-backed securities (ABS) related projects, Mark has been able to participate in the asset restructuring of a blockchain technology project listed on the Main Board of the Hong Kong Stock Exchange.
Today there are many different exchanges that have weak security and deter users. This project is going to make a solution capable of increasing the level of confidence in trading crypto. I hope the team will succeed in translating it into reality.
My username on Bounty0x: kable