The First Hybrid Shairah-Compliant Cryptocurrency Exchange is Offered by Biokript

Introduction
Most bitcoin transactions still take place on centralized exchanges, despite the crypto revolution's demand for decentralization.

On May 16, 2022, the cryptocurrency market's capitalization was $1.35 trillion, down from more than $3 trillion in November 2021. This market is expected to rise to 10 trillion dollars in the next few years, according to Wall Street experts and business executives.

According to the Global Economic Report, Islamic finance reached $2.88 trillion in 2020 and would reach $3.69 trillion by 2024.

The centralized crypto-to-crypto exchange paradigm is inefficient and susceptible to market manipulation. 88% of the top 25 crypto exchanges are employing wash trading to raise their CoinMarketCap rankings, according to Blockchain Transparency.

Cryptocurrency exchanges are also vulnerable to hackers due to the industry's high fraud rate. The largest exchanges have had security breaches and lost funds. Poor security or infrastructure caused those hacks. The 2018 Coincheck and Coinrail breaches cost consumers hundreds of millions of dollars because they kept a lot of cryptocurrencies in their hot wallet rather than offline. Additionally, they lacked security competence.

Hackers utilize tools like AZORult and Pony Formgrabber to perform social engineering and complicated trojan deployments. Due to their lax data protection and underestimation of hackers, bitcoin exchanges are easy targets, researchers say. Failure to employ two-factor authentication and difficult passwords is the main cause. A brute force assault may quickly crack passwords under 8 characters, although one in five users have them.

Canadian exchange Qaudriga's collapse is another example of controlled exchange inefficiencies. Gerald Cotton, the exchange's creator, held all monies, including the private keys of the cryptocurrency wallets. After his sudden death, all that crypto was gone. The Ontario Securities Commission estimated that Quadriga's failure lost 76,000 investors $169 million Canadian. Since you manage your private keys and finances with Biokript, it could never happen.

ECONOMIC IDEA
Our primary goal at Biokript, the next-generation cryptocurrency exchange, is to create a hybrid cryptocurrency exchange that is profitable, efficient, and complies with Shariah law in the most decentralized way possible. To all potential token holders, we will provide exchange gains based on Mudarabah principles and substantial fee savings on all trades when using our Biokript token.

FINDING ANSWERS IN THE BIOKRIPT
All of these issues may be addressed by our Shariah-compliant company strategy. Since token holders of the Biokript will earn trading income, it will be unsustainable to undertake wash trading by effectively providing free money to token holders. All of Biokript's dealings may be reviewed and audited since they occur on a public ledger called blockchain.
All of the files we send and receive will be encrypted using the most up-to-date encryption methods, thus enhancing the safety of our transaction. Since our exchange will not act as a custodian, users will have full access to their funds at all times, making hacks and thefts impossible. Users will have access to a variety of two-factor authentication methods, and our system will alert them before any withdrawals are processed in case they suspect fraud. Due to the fact that hackers frequently switch email or phone numbers, our system will also immediately ban withdrawals after making these changes.

We want to provide first-rate support to our customers, which includes the option to conduct authentication procedures through video conference.

We'll accept a wide variety of payment methods, including BAM, EUR, and USD, as well as credit cards, wire transfers, and ACH.

We will enforce comprehensive KYC/AML for all fiat currency consumers to ensure we are in compliance with all applicable regulations.

INTENDED AUDIENCE
We want to reach people and institutions who are interested in trading and investing in cryptocurrencies that comply with Shariah law but are unable to do so due to a lack of knowledge, the complexity of the industry, or the inherent risk involved. Our target audience will consist largely of libertarians and anarchists who are wary of relying on centralized financial institutions.

The Islamic financial industry is projected to reach $3.69 trillion by 2024, expanding at a compound annual growth rate of 10%. An increasing number of financiers are looking for Shariah-compliant investments, and Biokript will suit their needs.

Most cryptocurrency trades occur on centralized exchanges, therefore investors who want decentralization and custody of their own assets will be drawn to the Biokript exchange. Moreover, our Biokript platform will provide investors with a risk-free option to investigate Decentralized Finance.

The Structure of BIOKRIPT
The cryptocurrency exchange of the future is Biokript. It will provide ultra-fast transaction settlements, cheap fees, and ample liquidity at rock-bottom costs thanks to cutting-edge state-of-the-art technology. It's an off-chain, Web3 solution that processes payments almost instantly.

By giving investors complete control over their money, the Biokript exchange makes obtaining licenses considerably simpler. This is yet another way in which Biokript surpasses the security of controlled markets.

The latency of Biokript is the lowest of any location on Earth. Biokript's latency of 10-50 ms will be significantly lower than that of both centralized and decentralized exchanges, which range from 50-450 ms and 30-120 ms, respectively.

Unlike centralized and decentralized exchanges, where liquidity is dispersed and competes for stacking, Biokript's liquidity will be aggregated without the need for locking.

Biokript's layer-3 virtualization enables off-chain assets to be kept in cold wallets while still being exchanged at cheap cost, whereas the existing exchange system requires extremely high risk and sluggish cross-chain settlement utilizing bridges.

In contrast to Biokript's full decentralization of business, data centers, and chains, CEXs are all centralized in data centers, while DEXs are centralized by being on a single chain.

Unlike centralized exchanges, where data is held in an untraceable manner on a single server, all Biokript transactions are recorded and available for public inspection on the blockchain.

For more information visit:
Website: https://bit.ly/44a5lcF
Twitter: http://www.twitter.com/biokript
Facebook: http://www.facebook.com/biokript
Instagram: http://www.instagram.com/biokript
Telegram: https://t.me/biokript
Reddit : https://www.reddit.com/user/_Biokript
ANN: https://bitcointalk.org/index.php?topic=5419088
Whitepaper: https://whitepaper.biokript.com/

Bitcointalk Username: TeamSecret
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=545004
BSC Wallet Address: 0xf4c855738Dcdb587FBd82cA4b32822356998a44b