BLOCKCHAIN.IO: THE DECENTRALIZED AND CENTRALIZED CRYPTO HUB.
INTRODUCTION: Mid 2007 to 2008 gave rise to news of many banks and financial institutions failures, criticisms rained from all angles on the recklessness of such banks and institutions in handling the assets of customers entrusted in their care. All these in partnership with the global financial crisis gave way to the coming into existence of the Bitcoin BlockChain, created in year 2008 by Satoshi Nakamoto. The Bitcoin BlochChain technology is decentralized, built on a peer-to-peer technology and relies only on the internet, thereby making it the perfect solution for currency exchange and transactions. The Bitcoin is a decentralized form of digital money, without any centralized backing or authority.
Over the years, from 2008 till date, the Bitcoin and BlockChain technology has been widely accepted over the world, but the main idea/purpose for which it was created seems to be relegated to the background. The main purpose why Satoshi created the Bitcoin digital money was "DECENTRALIZATION", but with the current advent of much more centralized bitcoin exchanges and transactions, one can rightly say that the dream for which the Bitcoin BlockChain was built is gradually being defeated.
Centralized Exchanges versus Decentralized Exchanges: Centralized exchanges (CEXs) are markets relying on the internet which provides third party services to operate transactions between crypto and fiat currencies. Here, users have no control whatsoever to the wallets housing their funds in the exchange and all transactions are executed through a centralized server. But these also comes with it's advantages, which includes;
- Short delays for pending transactions,
- High trading volume and high liquidity due to early massive adoption,
- Fiat payment support.
But one major backlog with CEXs is its vulnerability to HACKING.
Decentralized exchanges (DEXs) on the other hand are peer-to-peer exchanges with users enjoying total control of their funds with the ability to trade directly from their own wallets that they possess it's private keys without the supervision of any central authority. DEXs are less vulnerable to hacks and cyber attacks, but they are still in their infancy in term of development and comparism with CEXs - no high trading volumes, liquidity, few delays in transactions plus not user-friendly.
WHY BLOCKCHAIN.IO? The characteristics of both CEXs and DEXs above leaves a gap to be filled in both scenarios. This gap is what the blockchain.io exchange tends to fill by being a centralized custodial exchange with a decentralized exchange settlement. The blockchain.io platform will combine the features of both centralized and decentralized exchanges thereby giving an exchange with high security and independence, yet with high trading volume, liquidity, zero delays and also a user-friendly user interface.
The centralized exchange will be low-latency and full featured whole the decentralized cross-chain settlement will be based on cross-chain atomic swaps.
The blockchain.io has a track record of it's proven operations since 2013 characterized by;
- Security: Hack-free operations since 2013, 98% cold storage and financial and technical audits.
- Accountability: Accounting records audited by independent professionals registered with EU regulators (ACPR) and complaint KYC and AML (EU banks standards).
- Reliability: Minimal downtime, no technical debt and resilient architecture.
THE BLOCKCHAIN.IO BENEFITS: The blockchain.io exchange benefits include;
- Safe and regulated adoption of cryptocurrencies.
- Transparency and full compliance with regulations and law.
- Ultra-security and non-custodial provisions.
- Reliable infrastructure.
- Strict selection process for digital currencies to ensure that only but the best are listed.
- Institutional ICO and token listing.
THE BLOCKCHAIN.IO EXCHANGE FEATURES:
- High performance matching.
- Availability of basic and advanced trade orders.
- 24/7/365 support.
- Periodic auctions.
- Prop. and peer-to-peer lending.
- Short and long margin trading.
THE TEAM: Blockchain.io has a set of Crypto-experienced members in her team, led by Pierre Noizat, the founder and CEO and also the CEO and co-founder of Paymium, one of the world's first bitcoin exchanges.
Blockchain.io exchange is the exchange with the solution to the decentralized and centralized gap.
For more, visit https://blockchain.io.