HEY FOLKS,
Today i am going to talk about decentralized exchange that will have great potential in the cryptocurrency market . Before talking about decentralized exchanges lets talk about centralized exchanges
CENTRALIZED EXCHANGES:
With centralized exchanges, intermediaries such as companies act as middle men in order to facilitate trading on their platform.though centralized exchanges are reliable,scalable,easy to use it got some drawbacks too.
You might be aware about @binance @bittrex exchanges but actually they are trying to become decetralized exchange they got many disadvantage which is as follows:
•high trading fees is the major problem faced by many traders nowadays.
•few hacks happened due to which people lost trust on centralized exchange for example the attack that took place on mtgox and bitfinex in 2014 and 2016 respectively .
•the people who are using centralized exchange might be aware about the poor support team . The best example is hitbtc exchange.
•some people also face a lot of problems for kyc process which is also a headache to some traders.
•more over the exchange is controlled by one entity so the user dont have power over their funds and sometimes it is also set up by some goverment restriction.
So what to do in such scenario?
To avoid such problems best option you got is move to a decentralized exchange. The best way to overcome such situation i would like to suggest u a exchange which is decentralized.lets directly talk about that exchange .
BITSHARES
Bitshares is a cryptobased platform that have its own currency known as bitshares (BTS). With this platform you can trade BTS, market pegged asset which is 100% backed by bitshares core currency also it has usi (user issued assets) . Openledger is also a web based version which is underlying under bitshares blockchain.
Besides it has highest marketcap amongst all the decentralized exchanges. Also it holds the higest transaction records which many people are unaware about. It also holds a good record in chinese rating coins.
There is a great team behind this project dan larimar , who i cofounder of steemit and eos. And also charles hoskinson who is also cofounder of etheruem and cardano.
There is no trading limit using this dex . There is no deposit as well as withdrawal limit. More over you do not require kyc for account verification.
Besides you can also do an ico based on bts even you can launch your own coin with the help of bitshares platform which many people are unaware about .
What makes the BitShares DEX unique is the provable order matching algorithm. Given a set of orders, you will always be able to provably verify that these orders have been matched properly.
CONCLUSION :
As you can see, there are an large number of benefits that come from decentralized exchanges, which will likely make them the choice for the future. With Bitshares being one of the first ever created it does have a solid first mover advantage.