About Sophon
Digital asset trading platform, providing currency and derivatives trading services for digital assets such as Bitcoin, Litecoin, and Ethereum for global users
Our Mission
We believe in the core ideas of Bitcoin and blockchain, and believe that distributed ledger and smart contract technology will build the foundation of human trust, eliminate transaction barriers, improve transaction efficiency, and have a major impact on the human real economy. Therefore, we gave up a lot of temptations and devoted ourselves to the tide of the blockchain technology revolution, hoping to do a little bit to change the world.
Our Technology
Sophon adopts advanced technologies such as GSLB, distributed server cluster, distributed storage, high-speed memory transaction engine with multi-machine mutual backup, cold wallet, and hot wallet with offline private key. Multi-terminals such as desktops provide our customers with safe, stable and credible digital asset transaction services. At the same time, we continue to improve and upgrade products and services based on user suggestions and needs, and serve every customer better and better. There is no end to innovation and user experience improvement.
About Digital Assets
A cryptocurrency is a digital or virtual currency protected by cryptography. Unlike the US dollar or other fiat currencies, it has no physical entity. The underlying cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Polkadot (DOT) The technology, called blockchain, acts as a decentralized digital ledger.
Every cryptocurrency transaction is recorded in the blockchain, once confirmed and verified, it cannot be changed, and the transaction cannot be reversed or tampered with. The centralized ledger that fiat currency relies on is maintained by banks and cannot be accessed by the public; while encryption Currency transactions take place on a public blockchain that can be tracked or monitored by anyone.
According to the consensus mechanism, everyone can verify the transaction of the cryptocurrency and add it to the blockchain, thus achieving decentralization. It is believed that blockchain technology will shape the future of currency, and even fundamentally Change the global financial system.
Investment in cryptocurrencies by financial institutions is growing, proving that cryptocurrencies have considerable potential and future. Leading global companies such as Samsung, BlackRock, Morgan Stanley, and Alphabet have invested in blockchain and crypto currency.
From a global perspective, there are currently five main views on Bitcoin in the mainstream industry, and a consensus is gradually forming.
- Bitcoin is a virtual commodity with certain investment attributes;
- Bitcoin is a peer-to-peer payment method, and it may challenge the monopoly of Visa in the future;
- As an underlying blockchain, the Bitcoin blockchain provides consensus solutions for other public blockchains. Bitcoin itself is the handling fee for using this underlying blockchain. The Bitcoin blockchain may become Infrastructure for other blockchain applications;
- Bitcoin is a virtual currency on the Internet, which has certain currency attributes and certain payment attributes in specific Internet communities;
- Bitcoin is a reserve asset similar to gold. Because of its standardization, detachability, and online transmission, it has great advantages in payment efficiency and storage costs. It may become "digital gold" in the future, and It is a global asset that may replace gold in the Internet of Value era.
Most countries currently do not recognize Bitcoin as a currency, but define it as a virtual commodity. However, many countries have formulated corresponding policies and regulations or supported its development, and have gradually become more active from neutrality. The United States has incorporated Bitcoin into the traditional financial regulatory system, requiring Bitcoin-related companies to apply for an MTL (Money Transmission License), and the New York State Government has also launched a special BitLicense to regulate Bitcoin;