Atomic Swap VS Zentralisierte Exchanges

Sep 09, 2019

Atomic Wallet Atomic swap exchange for centralized exchange

Content:

Foreword

As of today, however, the situation is the opposite: most of the top crypto exchanges are centralized.At are the recent "TechCrunch Sessions: Blockchain" conference founder of Ethereum Vitalik Buterin said:

Ethereum founder Vitalik Buterin: "In any case, I hope centralized exchange go burn in hell"

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Despite the audience responding with laughter and applause, centralized exchanges still remain a monopoly with security issues. Let's take a closer look at reasons for Vitalik's statement.

How does crypto exchanges centralize work?

All centralized crypto exchanges work on the same principle. They allow a user to deposit deposits on their wallets and allow the user to exchange assets as part of the deposit

So the user pays a cancellation fee, the network fee and a service fee.

Where is the money?

Since the early days of the Bitcoin cryptocurrency market, multi-blockchain has become a sophisticated phenomenon. According to coinmarketcap.com statistics, the market contains over 1.5K different currencies with daily exchange turnover of over USD 14 billion in USD. In addition, we should also consider the volumes of non-transparent and unregulated peer-to-peer exchange market as well.

Almost every major exchange ever experienced security holes. One of the most disruptive failures was the Mt. Gox exchange collapse. It took a year for the exchange to recover. The list of the publicly known biggest mistakes of the depot-based centralized crypto exchanges looks impressive for an unprepared viewer:

This list is far from complete, but it does give a good picture of the level of security in centralized exchanges. But the good news is that we can all learn a good lesson, and come up with some conclusions:

In response to the current industry challenges project was created - a convenient and versatile decentralized solution for keeping free cryptocurrency trading. Platform is based on a unique proprietary engine specifically designed to solve its specific tasks.

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