The world is technologically advancing with new technologies and their implements comes various challenges too. Cryptocurrencies are revolutionizing the world’s economy. Being decentralized they have come up with many profitable opportunities which our society can flourish into.
It is difficult to adopt and trust new technologies, but blockchain is making it easier for mass adoption. As I am more into crypto , I love to share my thoughts about it. Being a massive user, I had gathered certain knowledge about it. With easy and fast transactions and transfers economically.I believe Cryptocurrencies are steadily overpowering the fiat. Moreover, few cryptocurrencies are even coming up with good cause like eos etc. but with so much of pros comes cons too, as these can be hacked easily, irreversible transactions make difficult to render mistake, the lost of private key is a big headache. And there are around 1833 coins, thus are difficult to manage.
So, today I would love to introduce a single platform to interact with different exchanges Caspian
(Image source: https://caspian.tech/)
Before jumping into what Caspian is and how it is beneficial, let me first through some light on the prevailing issues which are plaguing the crypto world and our society.Talking about different issues, there are three major issues which are categorised as-
- Unreliable Trade Execution: - Considering the fact that certain ‘existing digital asset exchanges’ are unable to handle large volume which brings up to a challenge of unreliable trade execution. Adding more to it exchanges lack adequate customer support in which users get lock of exchanges.
- Lack of Security: - Security risk is a hurdle to pass. As I had already mentioned exchanges rae more prone to be hacked.’ The fragmentation of the market leads to situations in which there is insufficient liquidity on a given exchange to fully exit a position.’
- Lack of Reporting and Compliance : - The existing fragmentation in crypto makes it difficult to fulfil the need for strong compliance procedure.’ Institutional entities are also required to keep extensive audit records for both internal and regulatory purposes’
“Taking into account everything mentioned so far, it is clear there is a current need to have a platform that could help people who are participating in trading activities using different exchanges to unify their workflow into a single place.
(Image source: https://caspian.tech/)
Coming up with a easy explanation, I would love to introduce a pretty good solution for all the above listed issues which are a big hurdle and are not letting cryptocurrencies flourish to its best. Basically, Caspian is an ideal platform which using certain technologies will be able to integrate “different exchanges already in existence into one single place, allowing people a much easier and practical way to manage their trading and holdings safely without any complication and withount the burden of having to constantly monitor each and every exchange they are using, currently
Caspian is not designed to disrupt the current digital asset space or to compete with existing exchanges. Its purpose is to support purchasing of digital asset instruments in a reliable manner to a large number of entrants, helping to bring liquidity, volume, and dynamism to the sector.”
Caspian is a joint venture between two firms, Tora and Kenetic, each of which have successful track records in asset management and cryptocurrency investing.
(Image source: https://caspian.tech/)
So, In order to provide detailed outline about what Caspian offers, there are three categories or divisions which comes into action.
(Image source: https://caspian.tech/)
1. Execution Management System- Now placing orders in different exchanges using the same interface is possible. Using OEMS, Smart Order Router (SOR), single pool of liquidity, Algorithms, User-built strategies, Alerts it is unable to provide many facilities.
2. Position & Risk Management- talking about the another amazing feature that is position and risk management by offering this Caspian could solve the persisting security issue. By providing PMS and RMS and Reconciliations, Rebalancing, Allocation engine ‘While the OEMS is designed to be light and nimble for fast trading, the PMS and RMS record and track every piece of data in perpetuity.
3. Compliance and Reporting- Caspian needs to put certain limits and rules& regulation for proper functionality. Thus it uses Compliance Engine, Reporting Engine, Importation of Data, Online Dashboards. it would not disturb the workflows.
Moreover Caspian provides certain notable features too.
(Image created and edited)
If we talk about technicalities involved in construction of Caspian, learning about its architecture ‘microservice architecture, and functionality accessible via thin UIs and APIs.’ Performance, Scalability, Reliability, Security, Support, Ongoing development and adaptability, Audit, Modularity and Third-Party Integration are important part.
(Image source: https://caspian.tech/)
Many people around me do not wants to accept cryptocurrencies due to many reasons, most of them are listed above. But I believe the introduction of Caspian will let people accept crypto in their day to day life, as It is beneficial for individuals as well as institution. As certain benefits like security and reliability will attract many. CSP token will also help a lot.
(Image source: https://caspian.tech/)
Why I mentioned CSP token as Caspian’s masterstroke, only because this token will let people attracted towards cryptocurrencies and may earn while enjoying the benefits of Caspian. With many user-friendly features like
User-to-Platform Utility, User-to-User Utility, Token “Staking”, Guaranteed Discount, Discount Payment Function, ‘Free Apps’ to Token Stakers, CSP token is definitely a masterstroke.
Due to recession, Mr. Brown was compelled to leave his job, with his little savings he couldn’t run his livelihood for longer span. But was scared and least interested to invest in cryptocurrencies due to lesser security, difficulties in managing multiple exchanges and no professional knowledge, one of his friend introduced Caspian to him, with Caspian Mr. Brown can now invest with reliability and easily with professional advice, and is able to gain money for his livelihood until next job.
I would love to conclude Caspian as Institutional grade trading technology for sophisticated traders. I personally would love to invest my time and certain money through CSP token here. As the prevailing issues earlier mentioned are completely solved by Caspian.
- The convenience of having all the portfolios at a single place will definitely turn out to be time and energy saver and task reducer.
- Setting limits and alerts will help to manage work efferently giving flexible and secure work flows.
- The headache of managing multiple balance on multiple exchanges will be deducted as in Caspian will let single, user-friendly interface with large no. of entrance in reliable manner.
If reading is little hard and time consuming for few of you than you may look at a video made by me in order to make Caspian more understandable.
Also have a look at their official video
The team, Advisers, Partners should get recognized too. Also have a glance at the Roadmap of Caspian
All the information above mentioned is not my personal advise for any sort of financial investment. Certain features are subject to change and the information is for education purpose. Before getting into it do carry your own research.All the images presented here are mentioned with source. the videos are from youtube.
Feel free to Learn more about Caspian following the bellow mentioned links
https://caspian.tech/
https://caspian.tech/wp-content/uploads/2018/05/Caspian-Whitepaper-1.pdf
Their social media handles
https://t.me/Caspian_Tech
https://www.linkedin.com/company/caspian-tech/
This post is the submission to the contest held by @orignalworks
https://steemit.com/crypto/@originalworks/910-steem-sponsored-writing-contest-caspian
Here is my twitter link :
https://twitter.com/amansachdeva27/status/1029446831472705536
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