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problem.html
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<!DOCTYPE html>
<html class="no-js" lang="en">
<head>
<meta charset="utf-8" />
<meta http-equiv="x-ua-compatible" content="ie=edge" />
<title>Whitepaper</title>
<meta name="description" content="" />
<meta name="viewport" content="width=device-width, initial-scale=1" />
<!-- Favicon -->
<link rel="shortcut icon" type="image/x-icon" href="img/favicon.ico" />
<!-- CSS
============================================ -->
<!-- Bootstrap CSS -->
<link rel="stylesheet" href="css/bootstrap.min.css" />
<!-- Icon Font CSS -->
<link rel="stylesheet" href="css/font-awesome.min.css" />
<link rel="stylesheet" href="css/pe-icon-7-stroke.css" />
<!-- Plugins CSS -->
<link rel="stylesheet" href="css/plugins.css" />
<!-- Style CSS -->
<link rel="stylesheet" href="style.css" />
<!-- Modernizer JS -->
<script src="js/vendor/modernizr-2.8.3.min.js"></script>
</head>
<body>
<!-- Main Wrapper -->
<div id="main-wrapper">
<!-- Header Section Start -->
<div class="header-section header-sticky section">
<div class="container-fluid">
<div class="row">
<!-- Header Logo -->
<div class="header-logo col-lg-3 col-md-6 col-6">
<a href="index.html" class="logo">
<img src="img/logo.png" alt="logo" />
</a>
</div>
<!-- Header Menu -->
<div class="main-menu col-lg-9 col-12">
<nav id="menu">
<ul>
<li class="active">
<div><a href="#">Problem</a></div>
</li>
<li><a href="./solution.html">Solution</a></li>
<li><a href="./whitepaper.html">Whitepaper</a></li>
<li><a href="./timeline.html">Timeline</a></li>
<li><a href="./team.html">Team</a></li>
<li><a href="./faq.html">Partner</a></li>
</ul>
</nav>
<div class="mobile-menu"></div>
</div>
</div>
</div>
</div>
<!-- Header Section End -->
<!-- Page Banner Section Start -->
<div class="page-banner-section section overlay-gradient overlay-opacity-80"
style="background-image: url(img/bg/blockchain-banner-01.jpg)">
<div class="container">
<div class="row">
<!-- Page Banner Content Start -->
<div class="page-banner-content text-center col">
<h1>Problems We Solve</h1>
</div><!-- Page Banner Content End -->
</div>
</div>
</div><!-- Page Banner Section End -->
<!-- Work Process Section Start PROBLEM-->
<div class="work-process-section section pt-50 pb-90" id="problem">
<div class="container">
<div class="row pt-50">
<div class="about-image-one col-md-6 col-lg-6 col-12 d-none d-md-block">
<img src="img/about/ad-dis-blockchain-01.png" alt="about">
</div>
<div class="about-content-one col-md-6 col-lg-6 col-12">
<h1 class="strong wow fadeInRight">Disadvantages of a centralised exchange</h1>
<h5 class="wow fadeInUp"></h5>
<ul class="list-circle wow fadeInRight" data-wow-delay=".2s">
<li>Since centralized exchanges hold their users wallet, they are extremely vulnerable to hacks
and cyber attacks that could result in users losing their coin holdings (MTGox).</li>
<li>Users can be locked out of an exchange or could lose access to their wallets during a software
update as experienced during the cryptocurrency boom in 2017 (Kraken was down for 2 weeks in Jan
2018).</li>
<li>Some centralized exchanges can have opaque operating procedures and can suddenly be closed
(Bitsane) resulting in the loss of assets.</li>
</ul>
</div>
</div>
<div class="row pt-50">
<div class="about-content-one col-md-6 col-lg-6 col-12">
<h1 class="strong wow fadeInLeft">Advantages of decentralized exchange</h1>
<h5 class="wow fadeInUp"></h5>
<ul class="list-circle wow fadeInLeft" data-wow-delay=".2s">
<li>Asset security: users hold their private keys and thus their assets.</li>
<li>With decentralization, transaction data is saved on the blockchain.</li>
</ul>
</div>
<div class="about-image-one col-md-6 col-lg-6 col-12 d-none d-md-block" style="background: #3d3c3e;">
<img src="img/about/hero-banner-2.png" alt="about">
</div>
</div>
<div class="row pt-50">
<div class="about-image-one col-md-6 col-lg-6 col-12 d-none d-md-block">
<img src="img/about/ad-dis-blockchain-01.png" alt="about">
</div>
<div class="about-content-one col-md-6 col-lg-6 col-12">
<h1 class="strong wow fadeInRight">Why some decentralized exchanges are not actually decentralized</h1>
<h5 class="wow fadeInUp"></h5>
<ul class="list-circle wow fadeInRight" data-wow-delay=".2s">
<li>There are 4 important entities of an exchange:
<ul class="list-long-arrow">
<li>Asset exchange.</li>
<li>Capital deposit.</li>
<li>Matching engine.</li>
<li>Orderbook.</li>
</ul>
</li>
<li>
To build a fully decentralized exchange, these entities must be decentralized. However, it is
not trivial to decentralize these entities due to performance and architecture issues. Most
DEX only build asset exchange as a decentralized solution (IDEX, Kyber Network, 0x, etc) which can be
classified as a hybrid exchange.
</li>
<li>
Profit sharing problem between masternodes that validate exchange transactions. For some
decentralized exchanges, a few masternodes dominate transaction validation and hence also the
fees resulting in the loss of interest in other masternodes.
</li>
</ul>
</div>
</div>
<div class="row pt-50">
<div class="about-content-one col-md-6 col-lg-6 col-12">
<h1 class="strong wow fadeInLeft">How does novalex built a full decentralized exchange?</h1>
<h5 class="wow fadeInUp"></h5>
<div class="wow fadeInUp">
<ul class="list-circle wow fadeInLeft" data-wow-delay=".2s">
<li>We create our own blockchain: NovaChain for matching engine, orderbook and smart contract for asset
exchange.</li>
<li>We create a new consensus algorithm with new sharing mechanism.</li>
</ul>
<div class="buy-button mt-50 text-center">
<a href="./solution.html" class="btn btn-light-blue-outline btn-hover-red-outline"
data-wow-delay=".2s">Solution</a>
</div>
</div>
</div>
<div class="about-image-one col-md-6 col-lg-6 col-12 d-none d-md-block" style="background: #3d3c3e;">
<img src="img/about/hero-banner-2.png" alt="about">
</div>
</div>
<!-- <div class="row pt-50">
<div class="about-image-one col-lg-6 col-12">
<img src="img/about/ad-dis-blockchain.png" alt="about">
</div>
<div class="col-lg-6 col-12 mb-50">
<div id="accordion-one" role="tablist">
<div class="single-accordion">
<div class="accordion-header-two" role="tab">
<h5><a data-toggle="collapse" href="#collapseOne">Disadvantages of a centralised exchange</a></h5>
</div>
<div id="collapseOne" class="collapse show" data-parent="#accordion-one">
<div class="accordion-body">
<ul class="list-long-arrow">
<li>Since centralized exchanges hold their users wallet, they are extremely vulnerable to hacks
and cyber attacks that could result in users losing their coin holdings (MTGox).</li>
<li>Users can be locked out of an exchange or could lose access to their wallets during a software
update as experienced during the cryptocurrency boom in 2017 (Kraken was down for 2 weeks in Jan
2018).</li>
<li>Some centralized exchanges can have opaque operating procedures and can suddenly be closed
(Bitsane) resulting in the loss of assets.</li>
</ul>
</div>
</div>
</div>
<div class="single-accordion">
<div class="accordion-header-two" role="tab">
<h5><a class="collapsed" data-toggle="collapse" href="#collapseTwo">Advantages of decentralized
exchange</a>
</h5>
</div>
<div id="collapseTwo" class="collapse" data-parent="#accordion-one">
<div class="accordion-body">
<ul class="list-long-arrow">
<li>With decentralization, transaction data is saved on the blockchain.</li>
<li>Asset security: users hold their private keys and thus their assets.</li>
</ul>
</div>
</div>
</div>
</div>
</div>
</div> -->
<!-- <div class="row pt-90">
<div class="col-lg-6 col-12 mb-50">
<div id="accordion-two" role="tablist">
<div class="single-accordion">
<div class="accordion-header-two" role="tab">
<h5><a data-toggle="collapse" href="#collapseThree">Why some decentralized
exchanges
are not actually decentralized</a></h5>
</div>
<div id="collapseThree" class="collapse show" data-parent="#accordion-two">
<div class="accordion-body">
<ul class="list-long-arrow">
<li>There are 4 important entities of an exchange:
<ul class="list-circle">
<li>Asset exchange.</li>
<li>Capital deposit.</li>
<li>Matching engine.</li>
<li>Orderbook.</li>
</ul>
To build a fully decentralized exchange, these entities must be decentralized. However, it is
not trivial to decentralize these entities due to performance and architecture issues. Most
DEX
only build asset exchange as a decentralized solution (IDEX, Kyber Network, 0x, etc) also
known
as a hybrid exchange. Concurrently, other DEXs announced that they are full decentralized but
are yet to release a fully decentralized version (Binance DEX, Tomochain).
</li>
<li>Profit sharing problem between masternodes that validate exchange transactions. For some
decentralized exchanges, a few masternodes dominate transaction validation and hence also the
fees resulting in the loss of interest in other masternodes.</li>
</ul>
</div>
</div>
</div>
<div class="single-accordion">
<div class="accordion-header-two" role="tab">
<h5><a class="collapsed" data-toggle="collapse" href="#collapseFour">How novalex built to become a
full decentralized?</a></h5>
</div>
<div id="collapseFour" class="collapse" data-parent="#accordion-two">
<div class="accordion-body">
<ul class="list-long-arrow">
<li>We create our own blockchain: NovaChain for matching engine, orderbook and smart contract
for
asset exchange.</li>
<li>We create a new consensus algorithm with new sharing mechanism.</li>
</ul>
</div>
</div>
</div>
</div>
</div>
<div class="about-image-one col-lg-6 col-12">
<img src="img/about/ad-dis-blockchain.png" alt="about">
</div>
</div> -->
</div>
</div><!-- Work Process Section End -->
<!-- Footer Bottom Section Start -->
<div class="footer-bottom section bg-black">
<div class="container">
<div class="row">
<!-- Copyright Text -->
<div class="copyright text-center col-12">
<p>
Copyright © 2019
<a href="http://dex.novalex.vn/docs/index.html">Novalex</a> All rights reserved.
</p>
</div>
</div>
</div>
</div>
<!-- Footer Bottom Section End -->
</div>
<!-- JS
============================================ -->
<!-- jQuery JS -->
<script src="js/vendor/jquery-1.12.0.min.js"></script>
<!-- Popper JS -->
<script src="js/popper.min.js"></script>
<!-- Bootstrap JS -->
<script src="js/bootstrap.min.js"></script>
<!-- Plugins JS -->
<script src="js/plugins.js"></script>
<!-- HoverDir JS -->
<!-- <script src="js/jquery.hoverdir.js"></script> -->
<!-- Ajax Mail JS -->
<!-- <script src="js/ajax-mail.js"></script> -->
<!-- Main JS -->
<script src="js/main.js"></script>
<!-- Fade JS -->
<script src="js/wow.js"></script>
<script src="js/custom.js"></script>
</body>
</html>