The Invention Of Cryptocurrency & The Way The Financial System Works

GENERAL OVERVIEW

The invention of cryptocurrency has changed the way the financial system works. It has brought a change in the economy and almost everyone is craving its use in their businesses and for transactions. Meanwhile, there are over 1200 different type of cryptocurrency coins in the digital community and almost all of them find different applications in various sectors. It remains a challenge, that some particular types of coins are used exclusively in some transactions in which others are rejected. So there is a need to establish a relationship between the different coins and also the normal currencies, because investors having their assets in normal fiat currencies now seek a way to turn them into the more profiting digital asset. In lieu of these, a trading network is designed to make it easier to trade various cryptocurrencies than other existing exchange platform. The superb trading network is the LOCAL TOKEN EXCHANGE.

DESCRIPTION AND SCOPE OF (LTE).

This new system is establishing a perfect marketplace for the excellent trading of all the various coins and the normal currencies. Local Token Exchange as a distinct trading network, will provide a perfectly secured marketplace that will encourage investors to move further in their investing activities. Its vision is to create a globally independent financial structure to support all kinds of financial transactions without any discrimination in the type of currencies used. It is known to provide a money merchant system that is quick in its operations and straightforward in its dealings. The primary goal of this system will be to represent a community where users can easily trade without any form of delay and difficulties in the transactions. It also seeks to make the services rendered be at a low cost unlike other exchange platform that charges high transaction cost for buying and selling other types of currencies. Meanwhile, all the flaws that are associated with the existing platforms will be trashed and kept at bay while using this network for trading. The services produced by LTE is going to be more advantageous than what has been known in the digital community, and it will overshadow the blemishes of the centralized P2P platforms.

THE PROBLEMS WITH THE EARLY CENTRALIZED EXCHANGE SYSTEMS.

So far so good, there hasn't been any goodness, in the services conducted in the existing trading systems. Some of them have delayed so many transactions performed by investors and have led to the failure of other investors. Their methods of verifications also has been defective over the years. Sadly, some of these existing exchange platforms have been the cause of assets misplacements and hackers' attacks to many investors private information, thus making them powerless against threat.

THE PROVIDED SOLUTION BY (LTE)

Now, the Local Token Exchange give a solution to the peer to peer market issues by establishing a connection between all sellers and buyers of cryptocurrency, thus allowing a smooth exchange. This network will therefore provide absolute liquidity in the currencies for all traders, and this will make all kinds of currencies easily convertible.