NFTY Portal: The New Decentralized Cryptocurrency Exchange Revolutionizing Crypto
(Photo : nfty-portal.io)

The cryptocurrency industry sees massive interest and investments flowing in from all directions. Cryptocurrency achieved unprecedented growth in 2021; many new projects emerged, and hundreds of new tokens were created. The proliferation of tokens adds a new challenge to current challenges faced by traders today.

There are two categories of digital asset exchanges; centralized exchange (CEX) and decentralized exchange. CEXs are popular but have unique challenges limiting how traders and investors can explore the digital financial market. Several attempts to address these challenges bore little results, but a new DEX is here to change the narrative; NFTY Portal.

What is NFTY Portal?

NFTY Portal is a new DEX built to combine safety, efficiency, and effectiveness to create an ecosystem where creators and consumers of digital assets can interact and trade. NFTY Portal, built on the NFTY blockchain, brings storage, exchange, and trading to the digital asset market. The platform is open to everyone that wants to explore the power of decentralization.

NFTY Portal is the first blockchain-powered platform offering the world a place to trade any digital asset without the limitations of traditional CEXs and DEXs. Both creators and consumers find NFTY Portal a beautiful, functional, and exciting platform without lags or high transaction costs.

What Challenges Is NFTY Portal Addressing?

Crypto traders and investors are faced with several challenges that impact their trading experience. These challenges cause traders to abandon some investments or get in late on some projects. The most important ones are:

Security Compromise

Traders risk security breaches through the bitcore code. Traders can lose their funds to malicious attackers. This problem pervades DeFi and CeFi.

Slow and Congested Networks

Older blockchains are often slow and congested. Traders are frustrated when they need to deposit or withdraw funds quickly. Cross-chain transactions are complex and sometimes impossible.

High Access, Transaction, and Minting Fees

The cost of sending coins across blockchains increases the difficulty of trading. NFT creators also pay hefty fees to mint their art on some platforms. Traders also pay exchanges to store and access their data for trading.

Multiple Platforms

Traders don't have access to most digital assets on a single platform. Many assets listed on DEXs are unavailable to traders on CEXs. Traders move from one platform to another to trade assets. The result? Valuable time is lost, and traders quickly grow irritated.

How Is NFTY Portal Solving These Problems? 

Arron Brown, the COO of NFTY Portal, says that the blockchain deploys several solutions, "Smart Chain, Demi-nodes, Flash Sync, and Mobile Chain," to solve these problems intelligently. Brown says that these features will collect important network data to facilitate transactions best.

The NFTY Smart Chain collects network data and processes information to facilitate network decisions by the Demi-nodes. Traders' data are secured from breaches because they are not shared with third parties. NFTY Flash Sync enables integrations of wallets into the NFTY Portal network. Flash Sync maintains constant communication with the network and removes synchronization latency.

Key Features of NFTY Portal

NFTY Portal Dynamic Chain: Dynamic Chain deploys network blocks that expand, increase or decrease to facilitate transactions. Dynamic Chain deploys the latest blockchain technology to prevent slow transactions and network congestions. Parachains run simultaneously without interfering with the main chain.

Blockchain Integration: NFTY Portal integrates other blockchains through token wrapping. Traders can wrap tokens from different blockchains on NFTY Portal and trade with them. NTFY Portal charges low wrapping fees. NFTY Portal removes the need for traders and NFT creators to swap assets on different blockchains before sending them to other wallets or exchanges

Direct Social Media Display: NFT creators can directly export their art and links to social media platforms from their dashboards. This feature gives them complete control over their data.

Desktop and Mobile Wallets: Traders have access to their assets anywhere. The desktop wallet integrates with supported blockchains and links to the NFTY Portal. The mobile wallet offers seamless on-the-go transactions.

NFTY Portal offers traders an all-in-one ecosystem that won't lack any trading tool.

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