RANGERS PROTOCOL: HIGH-FREQUENCY TRADING

vine22 (33)in #vine • 3 years ago

INTRODUCTION
I am glad to live in this era and I really appreciate the efforts of people who have already done so much to contribute to improvements in technology; the benefits of which we are utilizing now and appreciate the technology itself, which allow us to present our ideas, and their transformation into a working product, many people think of cryptocurrency as a simple store of value, but there is much more to the idea. There are many benefits implied within a decentralized, trustful, immutable system of record-keeping and value transference political and financial leaders around the world are taking note, and you should as well. Cryptocurrency has now expanded to various genius ideas, providing opportunities to people to improve business ethicality, making the concept of the world as a global economy a truth, and much more.
The benefits of cryptocurrencies for the global economy are thought to range from lower fees for online exchange of money and international payments fees, to increased protection from identity theft due to the secure nature of cryptocurrencies.
Cryptocurrency serves as a better payment structure, for example, if you have ever been annoyed waiting for a cash transfer from a bank account, you may want to consider using crypto. The transfer is instant with lower fees than platforms like PayPal and banking institutions. Using crypto also frees you to send money wherever you want with no middleman scrutinizing your transaction history. It is also thought that cryptocurrencies will help break down the barriers to finance in developing nations. For instance, cryptocurrencies could easily be accessed via mobile phones in countries without banking infrastructure.
From the development of cryptocurrencies, there have been several exchanges developed that will enhance the trading of cryptocurrencies and convert it to fiat currencies.
But traders have been facing a real problem for execution orders, for instance, if you placed an order to sell your cryptocurrency it will take up to hours before the order will be executed on the given exchange.
Rangers protocol team has set up a platform where this problem will be solved, rangers protocol team has initiated high-frequency trading that will solve the delay in order executions.
BENEFITS OF RANGERS PROTOCOL
High Security
Rangers Protocol uses a consensus system based on the relay chain and a smart contract that verifies multiple signatures deployed on the public chain to ensure users' assets' security.
Bridging
Rangers Protocol integrates the cross-chain solution based on the relay chain to solve the problem of asset migration. Rangers Protocol adopts a consensus system based on the relay chain and the smart contract that verifies multiple signatures deployed on the public chain to ensure the security of users' assets.
Consensus
Rangers Protocol integrates an efficient VRF+BLS consensus mechanism to solve the problem of high-frequency trading. Rangers Protocol produces a block every second. It minimizes the possibility of network congestion and reduces usage costs.

NFT Protocols
Rangers Protocol incorporates protocols such as ERC-721 to standardize NFT for digital assets. Rangers Protocol further extends its features, including life cycle management, a new data structure supporting data reuse, and data rights management.
Real-time Response
Rangers Protocol integrates real-time confirmation of transactions to solve interactive problems. Rangers Protocol can return the real-time execution result for most transactions without the user having to wait for the block to be generated.
Developer Friendly
Rangers Protocol supports the barrier-free access and free switching of Ethereum dapps. It maximizes developer efficiency in complex applications through IDE enhancements.
WHAT IS RANGERS PROTOCOL?
Rangers Protocol 1.0, incubated by MixMarvel, is based on Ethereum's Layer-2 scalable solution, which was initially applied to the top blockchain game HyperDragons. After multiple iterations and functional upgrades, Rangers Protocol is currently about to launch. As a high-performance chain group that can realize the multi-chain contract interoperability of the EVM system, Rangers Protocol integrates cross-chain, NFT, and EVM protocols and expands on this basis. It allows developers to freely create complex decentralized applications and adapt them to various scenarios, giving users an Internet application-like experience. If the current Ethereum Defi ecosystem is looked upon as a financial center, Rangers Protocol is intended to create an entertainment center.
Rangers Protocol solves the high-frequency transaction problems through the efficient VRF+BLS consensus mechanism; solves the data heterogeneity problem through the cross-chain solution based on the relay chain; solves the diversity problem through the horizontal expansion method, and solves the interaction problem through the transaction's real-time confirmation. And when frequent interactions are no longer restricted by the high transaction costs and slow confirmation speed, blockchain games in the true sense become possible. After all, most of the so-called blockchain games' experience at the moment is just a monotonous collection.
Rangers Protocol will also incorporate standard protocols such as ERC-721 to regulate NFT as a standard for digital assets. Based on the ERC-721 standard, Rangers Protocol extends its features, including life cycle management, a new data reusing structure, and app-based data authority management. These features allow Rangers Protocol's purposes to be further released through the integration of various underlying technologies. Rangers Protocol aims to be the virtual world blockchain infrastructure that can integrate financial, semi-financial, and non-financial apps, not just creating an on-chain playground.