ForensisGroup decentralized exchange expert witnesses work in the area of virtual currency, also known as cryptocurrency. One of the key aspects of these currencies is a decentralized exchange. This exchange market does not depend on a third-party service to hold customer funds. Rather, trades are executed directly between users (“peer-to-peer”) through an automated process.
This decentralized exchange system is achieved by creating proxy tokens, which as virtual or crypto assets that represent a certain fiat or cryptocurrency. The decentralized exchange is different than the traditional centralized model where users deposit their funds and the exchange issues an “IOU” that can be traded on the platform. When a consumer wants to withdraw funds, they are converted back into the cryptocurrency they represent and sent to the owner.
They work with the blockchain—a digital ledger of economic transactions that can be programmed to record financial transactions or anything of value.
Our experts in decentralized exchanges work on the architecture and engineering of blockchain systems and have a strong understanding of the Blockchain and distributed ledger technologies (Ethereum, Solidity, Hyperledger, Bitcoin, Colored Coins, Lighting Network), along with its application. This includes security, cryptography, and privacy knowledge for developing secure solutions using blockchain.
Call ForensisGroup today to speak with our staff. We will work with you in locating the right decentralized exchange expert witness for your case, as well as provide you with a free initial case consultation. We make certain our clients are matched with the most credible and respected cryptocurrency experts.
I have spent over 25 years in forensic accounting with expertise in tax controversy, tax fraud, forensic domestic international auditing, investigation, IRS and state collections, financial valuations, valuations for divorce, valuations for business dissolution, international taxation, and repatriation. I have experience in system implementation and accounting operations and financial reporting. I have worked with operational/corporate financial management, medium/small organizations and centralized and decentralized environments. I have prior experience providing consultations and court testimony as a forensic accounting expert witness.