This article provides a definition to what Exscudo ecosystem is. It highlights Exscudo vision, advantages, and the tools to transform them to reality with various EON blockchain-based products and services in the frame work of the financial ecosystem. It does not aim to uncover a full set of functional capabilities of the elements of the ecosystem, current or future.
<em><strong>This article may describe products and services yet to be implemented</strong></em>
Exscudo is a financial ecosystem designed to be the gateway between the traditional financial system and the cryptocurrency market. Various products and services of Exscudo build up a single gate to the cryptocurrency market for inexperienced users, professional traders, investors and financial institutions. There are some products and services already in place, some being developed, and some we know nothing about at the moment (which is the most beautiful thing about the evolving potential of the ecosystem).
The mission of Exscudo ecosystem is to provide financial institutions, institutional investors, merchants, as well as any person or an entity who has access to Internet, with access to cryptocurrency market in a simple, quick, legal and secure way. The means of which are as follows:
The traditional financial system is not always accessible to unbanked (those who do not have a bank account) or underbanked (those who do have a bank account but do not have access to the full scope of modern financial services). For these audiences, EON blockchain opens a wide range of financial opportunities and allows to create their own financial alternatives in a transparent and scalable manner. All one needs is a device connected to Internet, regardless of the geographical location.
Another advantage of Exscudo-based transactions is the minimal commissions compared to the traditional financial system, as well as to other blockchain-based products and services. We keep them as low as possible to engage as many users as we can.
One can invest, trade, purchase, transfer and manage funds with all available instruments: web-, desktop- or mobile-based, using a single account for convenience and ease of use.
Trading instruments beyond the usual limits of buying and selling currencies can be divided into two main categories:
Although both of these categories use the same interfaces, Exscudo offers not only user-friendly interfaces but also a professional trading terminal including all the necessary graphs and indices.
Exscudo Exchange provides all that is needed for secure data transmission:
To provide security for EON technology, the NaCl library is used. The algorithm of the electronic signature Ed25519 is used as a quick and strong option on the elliptical curves of EdDSA. This way, EON blockchain is secure against known types of cyber attacks.
Another option for secure payments is Exscudo Channels app, combining both a platform for messaging and a wallet for a safe storage of your assets. See Installing Channels app.
The worldwide use of EON blockchain as a gateway between the traditional financial system and the cryptocurrency market requires to ensure interoperability with existing national and international banking systems, as well a compliance with national and international regulations. Exscudo starts with having all necessary operations licensed in the EU, to: