The Beetle coin is an open source decentralized cryptocurrency which provides instant and low fees transactions all around the world through the Beetlecoin network. Anyone can participate in the operation of Beetle coin network by either allocating computing power in mining or staking the coins. On average, Beetle coin block network requires two minutes to generate a new block, and all transactions are carried out over the internet, unlike fiat money transactions which require intermediary financial institutions or banks.
DAEX is a clearing solution for centralized cryptocurrency trading exchanges. Its clearing service is based on distributed ledger technology. Clearing and settlement rules are preprogrammed into clearing smart contracts on the DAEX clearing chain. The clearing process is automatic without people’s interference. The objectivity of clearing is guaranteed by the consensus mechanism on the clearing chain. Also, customers’ digital assets are registered and stored on the DAEX’s clearing chain. No other institutions or individuals can access these assets without the owner’s permission.