Recently we noticed the prevalence of scamming exchanges. It was painful to see how scammers exploit the crypto currency community. Here we want to emphasize that we are a legit exchange and operate with honesty and integrity. Trust has to be built, meanwhile we will do our best to provide excellent service, maintain great communication with our users and be as transparent as possible when answering any question.
What is Crypteon?
Crypteon is a crypto to crypto exchange that is built for secure and smooth experience on mobile devices. (It will be equally secure and smooth on desktops and laptops, we promise).
Current functionality:
- Registration
- Trading Process
- Withdrawal Process
- Deposit Process
- Responsive UI
- Sidebar Statistics
- Two Factor Authentication
- Ticket Supporting System
Upcoming functionality:
- More supported Coins and Markets
- Trading and Withdrawal API
- Market Data Graph
- Embedded Twiiter Timelines
- Realtime Chatbox
Who we are:
A group of software engineers in SF bay area who care about the crypto currency movement, mine and trade crypto currencies, like many of you. Crypteon is a startup project that we have been planning and building Crypteon since early March.
URL - https://www.crypteon.net
Within two weeks (Before May 25, 2014), we will launch with core functionality, and then implement the upcoming functionality later.
Problems we want to solve:
1.) The pain to trade crypto currencies in mobile devices
The crypto currency exchange market is very volatile, sometimes being able to create/cancel an order just in time would mean the difference of gaining/losing a few hundred dollars. Nowadays, everyone carries a smart phone or an ipad, these mobile devices are excellent means to trade instantaneously on crypto exchanges. However, most if not all crypto exchanges neglect to do an excellent job on supporting mobile devices. One big reason why we decide to build Crypteon is that it has always been painful for us to trade crypteo currencies in our ios and android based mobile devices. We aim to make this a smooth and enjoyable experience by making a fluid and responsive UI in Crypteon.
2.) Crypto exchange security
A few of the big exchanges got hacked before. Most, if not all hacks are performed via concurrent requests to bypass validation and balance checking. With this caution in mind, orders and withdrawals in Crypteon are processed via atomic queues.
In addition, Crypteon has the following features to enhance security:
- More supported Coins and Markets
- Trading and Withdrawal API
- Market Data Graph
- Embedded Twiiter Timelines
- Hardware DDOS protection
- Key-Based SSH for remote server access
- Full site HTTPS to protect against data eavesdropping and tampering
- Remote daemon servers (The web server and daemon servers are physically separated!)
- Hot and cold wallet
- Customized firewall
- 2 Factor Authentication
- Prevention against MySQL injection and XSS attack
- Data validation, sanitization and encryption
3.) Crypto exchange performance
A few of the big exchanges are painfully slow at times. There are three main causes:
- Bitcoin/other altcoin daemons do not scale up to thousands of accounts with tens of thousands of transactions.
- Database bottleneck, especially i/o
- Process-based http server under heavier loads consume a lot of RAM which significantly degrades performance.
To address these problems:
- Crypteon is built using a scalable coin daemon architecture, with more secondary nodes to be added to interact with the master node to scale and expand.
- Master node has a RAID 10 SSD setup and utilize database replication on secondary nodes to maximize IO performance and data integrity.
- Database queries are written to take advantages of multiple inserts and updates.
- Instead of using processed-based http server, Crypteon uses an optimized asynchronous http server and various caching mechanisms to support heavy traffic.
Please let us know if there is any question or if you have any suggestion.
Best,
Crypteon devs