Verox and Polygon Network Unite to Strengthen The Power of Decentralized Ecosystems — Fostering its adoption
Verox is excited to announce a technological partnership with one of the strongest players in the industry -Polygon Network (previously Matic).
Verox at its core is an AI-based investment analysis platform. The ultimate goal is to provide an ‘all in one place’ for crypto predictions and market analysis, allowing beginners and professionals alike to harness the power of Artificial Intelligence, Machine-Learning, Big Data and Decentralized Finance. This will be achieved through use of our dedicated DEX, crypto trading predictions and analysis App, automated trading bots and more.
Verox will utilize the Polygon Network for its decentralized exchange being developed, using it to ensure scalability, minimal fees, maximum throughput, and secure transactions. This partnership will allow Verox DEX users to have the flexibility of decentralized exchanges while ensuring liquidity, scalability, seamlessness and almost instant transactions. Leveraging the Polygon Network architecture, Verox DEX will have a throughput of 10000 transactions per second at 1/100th of transaction cost, 400 times faster than Ethereum Network.
“One key aspect of Polygon Network is that it offered the updates waited for Ethereum 2.0. It adds enormous scalability to the blockchain while ensuring reduced costs and maximum security; just a few of the important elements to ensure the best user experience at Verox DEX. Verox users will now be able to trade crypto and synthetic assets like stocks and gold- fast, secure, and with almost-zero fees.”- said the CEO of Verox.
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It aims to solve scalability and throughput issues surrounding Ethereum Network, ensuring faster and cheaper transactions while utilizing Layer 2 sidechains -blockchains that run alongside the Ethereum main chain. Polygon, previous Matic, is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. It envisions a world in which communities thrive, unconstrained by artificial borders and archaic regulations.
Verox is a modern-age platform that strives to work for the financial empowerment of its users by offering Artificial Intelligence-powered crypto predictions advisor, market analyzer, financial content provider, and a decentralized exchange. It provides a technology infrastructure that will transform the investment decision-making and trading process in the crypto industry. VeroxAI processes massive diverse sets of data from various sources (crypto data sites, news articles, social media postings, financial statements, charts, etc…) and runs a variety of predictive models and deep learning algorithms to determine a crypto and DeFi-ranking. Using AI and developed machine learning models, the platform recommends the daily top crypto coins and provides a deep analysis to any chosen cryptocurrency. This is done through using diversified parameters, combining technical analysis methods such as chart pattern recognition, fundamental analysis and a history-based price forecasting engine.
- To learn more about the upcoming decentralized exchange by Verox, please view the business plan here.