Today’s Internet is a world dominated by WEB2.0, so how can we shift to the world of WEB3.0, a permissionless and trustless network?
In the WEB2.0 era, with the Internet giants as the core, multiple ecosystems were formed, and the industry was characterized by a monopoly on data, value, and network functions by Internet companies. This monopoly has created strong barriers to entry and boundaries between different ecologies. The most important resource that the Internet world is competing for is the traffic flow (user attraction and capital stream). All this will undergo profound changes in the WEB3.0 era: the WEB3.0 world will be fully open, and users’ behavior will not be limited by ecological isolation. The privacy of user data will be fully protected using encryption algorithms and distributed storage. In the WEB3 world, content and applications will be created and led by users, fully realizing the value of the platform through joint creation and governance.
MEME EXCHANGE – A World of Openness, Privacy and Co-Building
Blockchain and WEB 3.0 follow each other. Blockchain, as part of a new generation of information technology, is a new type of aggregate of distributed networks, cryptography, smart contracts, and other technologies. WEB 3.0 introduces the concept of a decentralized Internet that allows rent-seeking third parties to have less control over user interactions and money transfers. Essentially, WEB 3.0 provides the foundation for p2p communications, payments, services, and marketplaces, with artificial intelligence, distributed storage protocols, and more secure cryptosystems. And blockchain is playing an important role in the current development of WEB 3.0.
MEME EXCHANGE is a full-featured WEB3.0 based decentralized cryptocurrency exchange. The main focus is on U-based contracts, supporting USDT charging and withdrawals for USDT on the ETH main network, USDC and TRON networks. After adding funds into the platform’s contract address, the system’s smart contract will issue the same amount of USD in the platform to start trading. Most importantly, users have control over their funds in their wallets, increasing the transparency and trust of transactions. In MEME EXCHANGE, after connecting to MEME EXCHANGE using a wallet address on any of the supported public chains and depositing assets, the user is considered to be registered successfully and becomes a full user of MEME.
With the improvement of the performance of the underlying public chain and the breakthrough of smart contract, side chain technology and cross-chain technology, MEME EXCHANGE has been greatly improved and improved in terms of asset security, transaction process design, order aggregation and on-chain transaction speed, gradually reaching or being comparable to centralized exchanges. It also has advantages that are ahead of other decentralized exchanges such as multi-chain asset support, open-source smart contracts to control the whole process of asset interaction, decentralized asset isolation and identity verification, and transfer of data ownership and value.
Multi-chain Asset Support
The development of cross-chain technology, interoperability between multiple chains and assets, and smart contract trading have become a reality. MEME EXCHANGE has made it possible to support for multi-chain, multi-currency, and multi-asset trading to enable the transfer of assets. All that while increasing the range of options available to users, which also enhances the liquidity of decentralized exchange assets.
Open-source smart contracts control the whole process of asset transactions
MEME EXCHANGE does not store user funds and personal data on its servers, but simply serves as an infrastructure for matching buyers and sellers who wish to trade digital assets. Such transactions happen directly between participants (peer-to-peer) with the help of a matching engine. It enables users to buy or sell tokens on the chain without having to find a specific buyer or seller. And unlike centralized versions (such as Coinbase or Binance), MEME EXCHANGE enables users to keep custody of their assets.
Decentralized asset isolation and identity verification
The core of MEME EXCHANGE is “decentralized custody”. In other words, during the transaction process, no centralized institution can access your assets: users always keep their assets in their own hands and only need to operate when they need to exchange coins to meet their needs. In this whole process, the digital assets are on the user’s wallet address from the beginning to the end, without going through any third party.
Privacy: Transfer of data ownership and value
Data privacy has become a global regulatory focal point. MEME EXCHANGE’s solution is to introduce privacy computing to ensure that data is non-explicitly invisible during use through technologies such as homomorphic encryption, multi-party secure computing, and trusted execution settings. In the WEB 3.0 era, users will tend to protect the privacy of personal data in a more radical way, which will trigger the transfer of data ownership and value. MEME EXCHANGE is multi-faceted in privacy protection, including the privacy protection of basic blockchain platforms, storage data privacy (distributed storage), user private key management, anonymity protocol, etc.
MEME EXCHANGE was originally designed to build a platform that is both decentralized and transparent, to enable crypto to solve real-life challenges and allow users to buy and sell new assets safely and fairly and enjoy a smooth operational experience.
WEB 3.0 is moving towards a mass-market economy.
Currently, even though WEB 3.0 still has many development challenges, it’s clear that it will eventually come to us. On the eve of its arrival, numerous industries are already experiencing a positive impact. For example, the Metaverse concept, which has been greatly promoted in the past few months, seems to be realized only by WEB3.0; or the new Internet of Things and virtual network ecology composed of cell phones, VR, AR, wearable devices and other hardware connected, etc.
MEME EXCHANGE believes that “the inevitable shift to WEB 3.0 will require consideration of the practical needs of WEB 2.0 users. Merging the most valuable features of centralized and decentralized exchanges may be the key to large-scale adoption of WEB 3.0-based digital asset trading.”
MEME EXCHANGE uses the advantages of WEB3.0 and blockchain to a large extent and will focus more on user-centeredness, guaranteeing that users’ data will be more secure and private. Since there is no centralized server, the power of all data is in the hands of the users themselves, so they don’t have to worry about having it stolen or exploited.
As history often gives lessons, one is better off adopting new technology rather than opposing it, the best attitude is acceptance rather than rejection. “In WEB 3.0, taking control of your transactions and your assets is a key step in this digital evolution. So, it is our common mission to join the era of innovation.