📗
ULTRADE Litepaper
💡User Guide
  • Start Here
  • Platform Overview
    • What is ULTRADE
      • How ULTRADE Works
      • NEX Technology and Architecture
        • NEX Core Components
        • Component Interactions
        • NEX Tech Advantages
        • Crosschain Interoperability Messaging
        • Security
    • Supported Chains
    • Business Model
    • Trading Products
    • Liquidity Solutions
    • Product Roadmap
  • NATIVE EXCHANGE (NEX)
    • Deposits and Withdrawals
    • Trading Fees
  • Whitelabel System
    • Overview
    • Launching a whitelabel with ULTRADE
    • Whitelabel Customization
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On this page
  1. Platform Overview
  2. What is ULTRADE
  3. NEX Technology and Architecture

NEX Tech Advantages

1. Cross-Chain Compatibility Without Bridging

NEX allows users to manage and trade assets across multiple blockchains using a single Login Account, without the need for asset bridging or wrapping. This approach significantly reduces the risks associated with bridging, such as liquidity fragmentation, smart contract vulnerabilities, and complexity.

2. Non-Custodial and Secure

ULTRADE's technology ensures that users maintain full custody of their assets throughout the trading process. The system is designed so that only the user’s Login Account has the authority to initiate withdrawals, and all trades are verified and settled on-chain, providing transparency and security.

3. Efficient and Scalable

By utilizing an in-memory matching engine, ULTRADE achieves high-speed order matching while maintaining the security and transparency of on-chain settlement. This hybrid approach balances performance with decentralization, making it suitable for large-scale adoption.

Conclusion

ULTRADE's Native Exchange (NEX) technology represents a significant advancement in cross-chain asset trading, offering a secure, efficient, and user-friendly solution for trading native assets across diverse blockchain ecosystems. By eliminating the need for bridging or wrapping assets and ensuring non-custodial management, ULTRADE positions itself as a leader in the next generation of decentralized finance (DeFi) infrastructure.

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Last updated 9 months ago