COBINHOOD: by @starkez Intelligent Media in Decentralized To Exchange Free Cryptos
What if there is a way to exchange your token without wasting so much time and also pay a zero fee for it? Well, as we all know, blockchain has come to stay. His attitude is always progress and growth.
COB will easily serve the purpose of cryptocurrency exchange due to zero transaction costs. No one likes to be charged for performing normal tasks.
Cryptoexchanges should set up another model, though easy to use, to generate profits for their business rather than burdening users.
according to info from my senior @ nairadaddy. his discussion is very useful in his explanation about this I ajungi thumb ..
for more details you bqca in postingannya directly
https://steemit.com/cryptocurrency/@nairadaddy/cobinhood-smart-decentralized-interface-for-exchanging-cryptos-for-free
this makes me even more interested in exploring this potential
according to his survey Coinmarketcap.com,
there are more than 1600 cryptocurrencies currently available in the traded market. and very quickly developed with cryptos, the need for rapid asset exchange to be striking.
One minute in cryptocurrency trading like a week ago in one day nearly a month. The combination of class, accountability and security is required for the exchange of coins every day.
*** Often, a functioning coin exchange service usually comes with a large-price transaction fee. Why? This is largely because the majority of the top bourses are started by those who want to hack the crypto investors by charging high fees for exchange. ***
This kind of exchange is known as Centralized Exchanges. They are usually controlled by a central authority that takes all the benefits of your investment. This eliminates the ideals of blockchain technology that frees freedom from the cost and central authority.
Now decentralized exchanges are gradually taking over. Main exchanges like Binance with BNB tokens,
Bitshares with BTS token and now Cobinhood with COB token. This exchange provides an asset's liquidity quickly using their own token as an intermediary so as to speak.
The token holder can easily redeem other tokens to and fro without much hassle. The network token function can be likened to the steem function on STEEM BLOCKCHAIN. It provides bandwidth for network usage.
Speaking of asset security, it's even much safer because you have access to your Personal Key which means that no central authority can steal your coins. The case example is Mt Gox crash 2013.
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