Most of trading and interest the worldwide groundswell of interest in digital currency over the past year has been funneled through major exchanges like Coinbase, Gemini, and Kraken. These centralized exchanges have brought billions of dollars of value to blockchain projects and digital currencies. The growth has been exponential — over 3400% in 2017 alone and there are hundreds of them starting up everywhere.
However, these centralized exchanges are subject to hacking and a host of other problems regarding security and user privacy. A new revolution is on the horizon, decentralized exchanges and 2018 looks like it is going to be a major year of growth for these exchanges. Centralized exchanges like Bitfinex, Kraken, Coinbase, and others store vast amounts of users’ digital asset holdings in so-called “hot wallets” that are susceptible to attack.
In the decentralized exchange model, users get to maintain custody of their own assets and engage directly with a smart contract to exchange tokens with other users in a peer-to-peer fashion. One of the new decentralized exchanges that are making a splash currently is the Cryptobridge exchange, a decentralized exchange running on top of the BitShares Network. It supports decentralized trading without a single point of failure as you always hold the private keys to your funds, only you have access to them. It also has some unique features that make it different than other centralized exchanges such as:-
- It has native BCO token called as BridgeCoin.
- It allows BCO token staking and 50% revenue share with BCO HODlers.
- It has no single point of failures because of its federated servers.
The volume at the time of writing on this exchange is 201 BTC.
Cryptobridge recently had an update that Deploys Dedicated Nodes Across The Globe & UI Improvements which provides users with a much more seamless experience.
For more information and a review on Cryptobridge learn more here: – Trade EOT and popular altcoins