Review AiBB

fowmol333 (25)in #ai • 6 years ago

Cryptocurrency trading is no longer the domain of professional investors or fund managers. A recent survey by Postbank found that one in three Germans are interested in the space for investment, a potential trader market of nearly 30 million in one country alone. Among 18 to 30-year-olds, the figure reaches almost 50%. Certainly, these investors are not all professionals, and any kind of investment comes with risk. Stabilizing and growing the market means harnessing these potential investors but also catering to their needs and lowering their risks.

Cryptocurrency trading comes with a steep learning curve given the many sources of contradictory information making it challenging for new investors to enter the space. Despite this information overload, or perhaps because of it, interest in cryptocurrency trading has blossomed. In the first six months of 2017, the cryptocurrency trade increased more than ten times. Currently, there are well over fifteen hundred different cryptocurrencies and over ten thousand different exchanges. The total cryptocurrency market reached $800 billion in January 2018 and is estimated to pass the $1 trillion mark by the end of the year.

AiBB facilitates even more growth in the cryptocurrency market by bringing together reliable trade data, news, security and public education. We want every individual involved in the cryptocurrency space empowered with the right tools and understanding of their investments on a secured, reliable and decentralized platform.

AiBB is set to be the first Ai assisted application that will grow to become a completely decentralized platform that facilitates several functions and removes the need to trust 3rd party applications altogether. Users will be able to execute trades across some of the most liquid and secure cryptocurrency exchanges, preventing the destabilization that can occur when a single exchange is forced to absorb a high-volume transaction.

Token Authentication Protocol (TAP)

The Token Authentication Protocol is a tech-savvy, user-friendly way to verify details of each transaction before sending any asset within AiBB. The protocol eliminates user error like mis-typed addresses.

When sending a token to a contact within the application, the only requirement is that the receiver is a contact on the application.

Users are not required to fill in any wallet addresses. The receiving app knows which asset is incoming and deposits it into the correct token wallet.

If the wallet address is not generated, the app will create it and deposit the funds into the appropriate wallet.

PORTFOLIO MANAGEMENT AUTOMATION

Asset management, or portfolio management, is a module that automatically gathers information from all connected exchanges.

This includes information regarding trades, the execution price, the dates, and associated fees. This gives users a clear snapshot of what their assets are worth. This helps reduce the need to have multiple apps for specific purposes. It simplifies trading while making it smarter.

TRADE DATA

One of the key features in our trading modules is a snapshot of the trading data across multiple exchanges. Users can see the number of executed orders to get a clear picture of the buy and sell order. If majority of people are selling then it is a clear indicator that there is a potential risk of investing in that asset at that very moment. Knowing no longer requires logging in at every exchange and eyeballing the data yourself.

SECURITY LAYER AND PROTOCOLS

Our Security layer addresses one of the biggest issues that cryptocurrency traders face: the fear of assets being stolen.

Banks set up firewalls to keep hackers out and trace them back to their origins and recover hacked assets. We do the same, with multiple layers of security but also a learning module -- we implement a database of attack logs that can be shared between modularized layers of the app, keeping each individually protected but strengthening cooperation between all aspects of the app to prevent attacks.

Chapter 5.2 AiBB's Security Discusses our security measure and protocols, including when assets are locked and transferred to users’ alternative wallets in case of attack.