Is blockchain safe?

A blockchain is a digitalised ledger which is shared with a network of computers using advanced cryptography. Transaction records cannot be faked, counterfeited or double spent as networks of computers are keeping track of any movements of data simultaneously. Blockchain technology also uses tokenisation which ensures that information within each transaction cannot be hacked. Data and records are thus securely stored in a blockchain. For example if a server is down or data has been corrupted, the backup data is instantly available.

Want to know more about blockchain? Please visit : Understanding blockchain

To use ABS and blockchain, can I use other digit assets aside from bitcoin?

Currently under the ABS Blockchain Services, you can create a customised or randomly named digital asset to your personal blockchain. You can link this digital asset with other digital currencies or fiat currencies in your ABS console under “TRADING PAIRS”.

For a demonstration, please visit our tutorial page : DIY exchange platform – Pairing option

I’m worried about security. How does ABS protect my assets and security?

ABS uses blockchain technology where data is being kept in a digital ledger of transactions which can be shared with other networks of computers by using advances cryptography. Each transaction is under a logic of tokenisation, and only the sending and receiving parties can view the full details of data.

Also, ANX partners with the world’s leading DDOS Protection Service and Hosting Providers to minimise impact from DDOS attacks, as well as applying the most advanced firewall and intrusion alert applications to prevent and detect unauthorised activities.

What is QR code and how to use it?

A QR code is a 2 dimensional barcode that is square shaped and can contain more information than traditional 1 dimensional striped barcode.

QR codes can be scanned on most mobile devices using a QR code scanner. Once the code is scanned and read, it will provide the information embedded within the code such as URLs, contact details, digital wallet addresses etc.

How can I know that my token has been safely sent to the recipient using ANX

ABS will scan the QR code provided by your recipient which will the unique . The transaction code contains the transaction records that ceded using BEE that the has security.

If all the transaction data is shared within network of computers, does that mean other people have access and can view the full transaction details?

As blockchain use tokenisation encryption for all data transactions, the full transaction details can only be able to read by the sender or recipient. Anyone else can only view limited information related to the transaction such as when the transaction took place, the digital asset size, or location of transaction took place.

How can I buy digital assets on ANX Blockchain Services? And how can I convert the digital assets back to my local or desired currency?

ANX Blockchain Services links digital assets with fiat and digital currencies. Using ABS, users can deposit fiat currencies to purchase digital assets, transfer digital assets to recipients, sell digital assets and convert back to flat currencies, and also withdraw fiat currencies to deposit back to their bank account.

For more information on how to deposit, send, receive or withdraw on ABS, please visit our tutorial at : Digital wallet

How can I use ANX Blockchain Services for my business? I’m an E-commerce business across different regions.

ANX Blockchain Services provides Application Program Interface (API) for clients to apply our services into their application backend. The API feature can be enabled within the ABS Console and client will then be able to interact their application with ABS to input and output data for different functionality usage.

What security measures are there to ensure that my exchange is safe?

ANX Blockchain Services supports various security measures such as two-factor security setting, SMS (mobile device) password messaging and YubiKey’s two-factor authentication. By default, users will be notified of each successful login via e-mail and each transfer will need final confirmation via e-mail approval. Users will also be notified of any movements of digital assets via e-mail. Sound like a lot of email and authentication?