NEO DevCon Interview with NeonExchange (NEX) & City of Zion Co-Founders Fabio Canesin & Ethan Fast

Neon Exchange was created with the goal of solving the problems that are made by regular decentralized networks. It’s used to combine security and trust properties from decentralized exchanges while additionally providing a similar level of intense security as centralized exchanges. Neon Exchange has 3 main components: 1. Smart contract where the trades occur 2. Payment service where neo and GAS can be become tokens and traded into smart contracts. 3. Off-chain trading machine engine It works by permitting its users create their own kind of taker/maker fee structure. This implies that market makers who need to create new limit orders don’t need to pay a fee. Takers who need to create a limit order or an order that’s below the market price will need to pay a fee. This gives it the power to make it quicker than alternative decentralized exchanges. Having the power to create these orders facilitate the network run without having to wait for long transaction times. Neon Exchange is ran by NEO’s blockchain network and might assist you receive your cryptocurrencies while having a robust platform behind it.