Re: ⚡🚀⚡PRE-ANN: XBrick - World-class crypto currency exchange ⚡🚀⚡

"World-class Crypto Currency Exchange- Xbrick Exchange"
An exchange platform came from Sydney, Australia where the core members are previously senior position at various ASX listed entities.

The platform of Xbrick Exchange is quiet simple. But because of its simplicity, it can solve the real problems that the traders facing off in exchange such as security and liquidity.

I think it is the answer to our prayers, to have a better exchange in the world of crypto currency now. We all know that there are lot of exchange out there and only a few of them is we trusted, and now there are additional one whom i think that make us safe and secured after using it.

as long as we are not having this for a daily trading.
we can't be sure of the security they have.
they will have your information and some tokens on their website.
they were not attacked yet.
many big exchange has their security tighten but still got hacked.

I remember what happened in etherdelta recently. A lot of user lose their money in that exchange because the core system of ED was intercepted by the hackers. I think every Exchange has its own weakness and we should always be ready with our funds because a lot of them are not secured.

Absolutely! We cannot tell how secure an exchange has, even all of exchanges have security features. We can't tell when and how hackers destroy the system of an exchange because even the strongest algorithms can crack by genius hackers. We don't know how are funds secured in an exchange. All of them are possible in hacking, but I think Xbrick Exchange will become the safest exchange someday since the team developers of this project have already experienced in cryptocurrency.

We cannot sure if Xbrick Exchange is really safe unless it will run for atleast 5 to 10 consecutive years without any interception of hackers. I believe that there is no assurance in an exchange, and if it were so, it is just 50%. In other words, we can't hide and secure using internet.

There is no guarantee that the system is 100% safe. The advantage of XBrick compared to other systems is that they actually enumerated all the risks involved with creating an exchange platform and cryptocurrency. They identified the risks, which mean they know what they are dealing with.

"XBrick platform is designed to create a secure, reliable and efficient exchange for high quality blockchain-based assets. As an example, XBricks high performance trading engine is capable of processing more than 2 million orders a second." As quoted from the whitepaper.

With the high performance trading engine used by XBrike, I'm sure they are able to come up with a high level of security and firewalls to avoid hacking of their system from inside and outside the company. Security measure are sure put in place for trading engine and system similar to XBricks.

XBrick actually acknowledges the risks involve in crypto currency exchanges. As such they have actually set out the risk involved in buying XBC.
If XBrick is attacked, some of the XBC tokens or other digital tokens may be stolen. XBrick has advanced cyber security measures and uses a top-tier cloud server provider and, in addition, XBrick uses cold storage to store most of the exchange tokens. However they themselves acknowledge that this measures may not be sufficient and informs its investors the risks of making investments. Every investment has its own risk and this is just reasonable for XBrick to point out.

I totally agree with you on this. Every investment surely has its risk and reward. I am actually observing our local stock exchange for listed corporation and just last week almost all major companies made a dive in stock value per share. I am planning to buy some shares of stock so I'm still observing what will happen this week. I believe that in every chaos there is an opportunity and as they say, the higher the risk, the higher the reward is. It is good for XBrick to be transparent to its investors and I believe that many people reading this forum are aware with the risk and reward of crypto currency specially with the popularity of Bitcoin since last December 2017. I'm looking forward to XBrick's success as well.

The risk of being hacked to your trading account is really a big thing. But then, every investment has its own risk. A new trading exchange is prone to hack since it only just begun in their operation and their system will still be in its development stage. The vulnerability of its investors is at stake as hackers are going to go after exchange account.

As cryptocurrencies grow, hackers are too aggressive to go after to crypto exchanges. So trading exchange companies should always make sure that their platform is fully updated to detect any flaws to their system right away.