And it reveals the goals — architecture, the technical details, roadmap and so on — elaborately.
If you have been following COSS (Crypto-One-Stop-Solution), then you already know about this whitepaper. COSS, as a cryptocurrency exchange, is slowly gaining traction.
And with this new whitepaper, you will know what’s in store for COSS in 2018 and beyond.
There is also a Medium blog post explaining the new addition in detail. I have gone through the post and picked up some of the key points, which are explained here:
- COSS, as an exchange, has a simple goal: to improve the user experience. This whitepaper describes the structure, functionality, and features focussed on that goal.
- COSS will add new features as the platform evolves. For now, there are three core components:
- COSS has many more additional features — from ICO token listing to displaying newsfeed and a collection of merchants accepting cryptocurrencies:
- There is a limit order / market order available for easier trading.
- COSS stores cryptocurrencies in its wallets, which are of three types: hot, warm, and cold wallet.
- COSS will accept token and ICO listing for which there is a clearly defined process to follow:
- Then there is the COSS roadmap for this year promising FIAT deposit (that Binance has denied).
Of course, there are other updates on the COSS token, the architecture, COSS DAO, and many more which we have skipped.
Right now, COSS exchange runs on a separate, independent custom-developed trading engine that is fast – yet not as much as Changpeng Zhao’s Binance, which can process 1.4 million transactions per second.
It will be interesting to see how COSS fares against Binance and other cryptocurrency exchanges in the next couple of months.
The whitepaper looks solid. And we believe the year 2018 will be bigger than the previous one.