NVO's goal is to remove the need for a third party to maintain customer assets, which is the case today with most exchanges. Thus, it proposes a P2P model for the exchange of crypto-coins and assets. The project was anticipated by the NVO team after observing how the current ecosystem can not meet the needs of the market.
The main advantage of a decentralized exchange is that crypto-derivatives and assets are not held by a third party. They are directly transferred from one owner to another in a P2P model. The NVO exchange is operated through two components:
The first is a multi-crypto-coin wallet, in which all keys are created locally on the user's device and never sent to any server.
Users control their private keys, can send and receive funds, export or encrypt the wallet with a password or SEED phrase. Developers can create and add new features through an open plugin system while keeping the wallet light.