Why is decentralized exchange so important? An estimated one in sixteen bitcoins have been stolen. More exchanges than may easily be kept track of have been hacked, defrauded, or stolen from. With a third of millenials likely to be invested in cryptocurrencies this year, the need for a better and safer system of exchange is desperately required. For traders, investors, and the reputation of the crypto space, a fundamental change is necessary and the root cause of the problem must be addressed, specifically, centralized exchanges. The need to trust an intermediary or third party with your money is an obvious weak point in the cryptosphere and in a fundamental sense, cryptocurrencies cannot achieve their ideological purpose of decentralization without decentralizing exchanges. Trust v Trustless If one is required to trust centralized, traditional businesses in order to buy or spend cryptocurrencies, then money has not been disintermediated. If, on the other hand, money can be traded directly between counterparties, a key aspect of the ecosystem is no longer at risk from third parties.The majority of crypto-based exchanges have centralized components. Network and computer power is centralized in regional servers. This interaction requires trust in the exchange and Know Your Client (KYC: providing a third party with your ID) submissions are usually mandatory. If something happens to the exchange, your funds are at risk and sometimes even completely lost. The fall of Mt. Gox and BTCE are just two examples of what would become many. Indeed, intrusions are still going on today with Coincheck Exchange being hacked recently, but this is not the only issue. What will you learn in our Masterclass? 1. Basics of Blockchain2. What is Cryptocurrency?3. What is bitcoin?4. What is Ethereum?5. The difference between coin and token.6. Difference between CEX and DEX.7. Cipher Browser.8. Trade on DEX.9. How to make profits on DEX? Minimum Requirements Age : Minimum 18 years.Device: iPhone, iPad, and iPod touch with iOS 10.3 and up or Android Device with 6.0 and up. What you will get?1. Airdrop Tokens from https://cryptobarterhub.com/.2. Delicious Beriyani Buffet Dinner.3. S$10 worth of ETH for trading on https://www.cryptozodiac.org/.
starting on 2018-11-23 18:00:00
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