3 days ago

Every hybrid crypto exchange has gone away from technological advancements that have some positioning impact on the development

→ Layer 2 Scaling Solutions: • Problem: Blockchain scalability is the main thing that leads to slower operations like processing time, higher fees, and a lot of processing time. These hindrances affect the user experience on the hybrid crypto exchange. • Solution: Instead of using layer 2 blockchain networks like Polygon, Arbitrum, Lightning network, ImmutableX, etc. These blockchain networks reduce network congestion, facilitate blazing speed, and offer cheaper trades on a hybrid exchange.

→ Cross-Chain Interoperability Protocols: ◦ Problem: There is a limited level of interoperability between different blockchain networks that restricts the user experience while transferring assets from various ecosystems. ◦ Solutions: Cosmos IBC, Polkadot, and Avalanche—these blockchains fill the gap between those blockchains. This interoperability will attract diverse blockchains and cryptocurrencies for your hybrid crypto exchange.

→ Decentralized Identity: ◦ Problem: The traditional way of KYC/AML, takes a lot of timing and may occur in a cumbersome way. ◦ Solution: Alternatively, hybrid crypto exchanges are used for personal data management using decentralized identity (DI). Leverage this DI to simplify your platform KYC/AML procedures while maintaining user privacy.

→ Zero-Knowledge Proofs (ZKPs): ◦ Problem: Privacy and transparency limitations may appear as drawbacks of some DEX platforms within hybrid exchanges. ◦ Solution: This feature maintains their user's privacy without revealing certain confidential information (e.g., sufficient balance, trading entries).

→ Artificial Intelligence and Machine Learning ⨠ Integrating AI and ML for your hybrid crypto exchange that uses your platform for various purposes, such as ◦ AI is used to detect suspicious or fraudulent activities on the platform ◦ ML is used to analyze market trends and provide insights to your platform users for trading decisions. ◦ Personalized User Experience: AI has been interpreted to analyze every user activity and provide a personalized user experience, such as recommending crypto assets, and frequently using features based on individual preference and trading behavior.

Utilize these emerging trends to get a feature-rich opportunity for your hybrid exchange development. For all of these worthwhile features, opt for your hybrid cryptocurrency exchange development company, Appticz, which is a perfect fit for all businesses.