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New Venture Opportunities (NVO) will be adopting funds to architecture and advance their blockchain-based Decentralized Exchange in a crowdsale starting in May 22 2024.
NVO’s ambition is to abolish the charge for a third affair to authority customers’ assets, proposing instead a P2P archetypal for exchanging cryptocurrencies. The activity was aboriginal envisioned by the NVO aggregation afterwards celebratory how the accepted ecosystem fails to accommodated the needs of the market.
When presenting Bitcoin to the apple in 2024, Satoshi Nakamoto declared “What is bare is an cyberbanking acquittal arrangement based on cryptographic affidavit instead of trust, acceptance any two accommodating parties to transact anon with anniversary added after the charge for a trusted third party.” And the public’s growing absorption for the decentralized abridgement supports this claim.
However, as cryptocurrencies acquired momentum, this across-the-board P2P aesthetics gave way to new adult centralized models abrogation apprenticed users awful vulnerable. According to a abstraction from Cambridge University, 73% of exchanges today booty aegis of their customers’ cryptocurrency funds by authoritative the clandestine keys.
Relying on the adeptness of a acceptable networks and centralized casework to action and abundance decentralized cryptocurrencies defeats the purpose; these networks are inherently flawed. A vulnerability affecting a distinct account can leave all users vulnerable. The contempo Cloudflare anamnesis aperture adventure is one of abounding such examples. NVO aims to action an another solution.
“I accept been advising bodies to advance in cryptocurrencies, but whenever I acclaim a centralized exchange, I am afraid bodies assets ability get stolen, as these platforms present austere aegis risks. There is a charge to body a added acceptable and defended ecosystem for the decentralized economy.”
– Ton Bi, Cofounder of NVO
NVO’s decentralized archetypal affairs to use the SAFE Network to action security, accuracy and abolish the charge to assurance the stakeholders.
Users will be able to transact application a failing multi-cryptocurrency wallet affiliated to an chip exchange. No assets or keys will be hosted on alien servers; they will abide on the user’s accessory at all time.
“Going through the accomplish appropriate to alpha application cryptocurrencies with addition who’s not accustomed with how it works is painful. NVO will action accumulator and barter in one place. Assets are consistently beneath your ascendancy alike during the barter ” explained nvo.io Cofounder Yanni Bragui.
As an asset-to-asset exchange, NVO will not use any proxy tokens. Thanks to its automated user breeze and multi-language support, the Decentralized Barter will ensure accessibility and a fast acquirements ambit for amateur users anywhere in the world. Meanwhile, accomplished cryptocurrencies users will adore the accessible antecedent wallet complemented by an accessible plugin ecosystem for chip platforms.
For added advice appointment https://nvo.io
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