1}what is Blockchain.io ??
= is a European cryptocurrency exchange of trust for individual and institutional traders and investors.
Blockchain.io is your gateway to the Internet of Value.
In the coming Internet of value, decentralized blockchain-operated value networks will
become mainstream and compliant, enabling billions of Internet users to exchange value
as quickly and as easily as they exchange information today.
Multiple cryptocurrencies will co-exist. Each cryptocurrency will serve the needs of a
community of users to securely trade any type of assets, rights, goods, or services that
is of value to them in a decentralized value network, i.e. without supervision by a central
authority.
As a cryptocurrency exchange, Blockchain.io will play a major role in the Internet of Value’s
ecosystem. It will be the marketplace where cryptocurrencies will be traded against each
other, a gateway to and a bridge across the multiple value networks powered by different
blockchains/cryptocurrencies such as Bitcoin (BTC) and Ether (ETH).
Blockchain.io will combine the efficiency of a low-latency full-featured centralized
exchange with decentralized “trustless” cross-chain settlement. The project leverages the
latest developments in cross-chain atomic swaps, cryptographic protocols, and payment
networks such as Lightning and Raiden. These developments will overcome the scalability
issues of decentralized blockchains, allow transactions across heterogenous blockchains,
increase the speed and lower the cost of these transactions, making them ready for mass
adoption.
Blockchain.io is driven by the highly experienced team of cryptocurrency experts who,
seven years ago, founded Paymium, a fiat/bitcoin exchange catering to the underserved
Euro market. Blockchain.io shares Paymium’s highest security, reliability, and accountability
standards. It strives to overcome the shortcomings of rival crypto exchanges that have
repeatedly caused severe losses for issuers and token holders. To achieve this, the team
relies on its advanced knowledge of cryptographic technology, its operational in-depth
understanding of the crypto world, and a strong company culture committed to security
and compliance
2] Blockchain.io Aims
= Operating a cryptocurrency exchange is a multifaceted service business with distinct
functions ranging from custody services to providing underlying information and trading
facilities. More generally, the exchange must create a trusted environment that fosters
transactions.
Unfortunately, hackers and fraudsters are constantly trying to break into exchanges which
they see as the weakest link in the cryptocurrency infrastructure.
Faced by this challenge, many exchanges have shown themselves to be unsafe, unreliable,
non-compliant, and opaque. Since 2011, over 1 million bitcoins have been taken from their
rightful owners by hackers and fraudsters. Users of non-compliant exchanges had their
accounts frozen or seized. Traders were faced with unexpected platform shutdowns and
non-responsive, opaque management.
Regulators and institutional investors have pointed out these shortcomings which are
currently hampering the growth of cryptocurrencies and cryptocurrency networks.
Blockchain.io is determined to fix these issues:
Security Breaches
• High volume crypto-assets platforms are constantly attacked by hackers who
seek to bring the systems down, typically through DDoS attacks. Fraudsters also
try to break into accounts using social engineering to steal cryptocurrencies from
users.
• Many high-volume platforms could not withstand these attacks and were forced
to shut down.
• Case in point: In August 2016, a large platform acknowledged the loss of 120,000
BTCs (bitcoins) for a value, at the time, of USD 75 million.
• It is estimated that since 2011, at least three dozen major heists against
cryptocurrency exchanges occurred. Close to 1 million BTCs were stolen
website link - https://blockchain.io
Airdrop link - http://vy.tc/fSqx832
