Blockchain technology is now becoming an integral part of the world's financial system, ever since the inception of bitcoin, the decentralised public ledger initiative has proven to be transparent and fair in almost all ramifications. This attributes are now building back trust to the sector and opening doors to newer opportunities.
Unfortunately, there have been some lapses or sluggish developments in integrating the core features of decentralization to effective utilities. Take for instance the crypto exchanges which will be the base of discussion here, the crypto exchange operates more on a centralized manner, they deny users power to control their funds by having a central wallet. This is totally against the idea of decentralization. Apart from that, centralized exchanges have shown to be prone to hacks and thefts since funds are kept in custody of a third party.
A more recent hack was that of binance and cryptopia.
The crypto community is in a dire need of an exchange that is Trust-less, fully decentralised and interface friendly void of a third party. This is where LOCALCOIN has decided to step in.
WHAT IS LOCALCOIN
LOCALCOIN is a decentralised marketplace built on the values of blockchain to enable users trade and exchange their coins while fully in control of their funds. Unlike centralized exchanges where funds are kept in a cold wallet facility centrally, localcoin.is is a body of individuals sharing same ideology of decentralization. Equipped with a decentralised social interaction centre, localcoin tends to be bringing traders together in a harmonious atmosphere while doing business.
BENEFITS OF LOCALCOIN
OTC trade
Trade over the counter using localcoin platform, platform enables an offchain trading involving two parties.
ICO integration
With the localcoin platform, you can issue your own token as it is a platform that connects blockchain, issue your token on the platform and get them listed immediately.
Anonymous transaction
Open an account without the inclusion of your personal data and transact on an encrypted chain void of public scrutiny.
Mining
Enjoy passive earnings by running active nodes that supports the localcoin cloud systems
Social network
Trade and chat in a decentralised chat engine void of tracking and unnecessary ads.
Private key
Enjoy the use of multiple signature wallets and wallets that gives you access to your private keys locally. In crypto it is your private key, your funds.
Localcoin will have a platform native token known as LLC and will be sold at $0.5 per token on ico.
In conclusion
If you are looking for where to trade and still be in control of your funds, a place where navigation is easy as a result of a friendly user interface, try localcoin.
Follow local coin on twitter and telegram
Visit https://localcoin.is/ for more information
[whitepaper] (https://localcoin.is/downloads/LocalCoinBlockchain.pdf)
Written by Tccrypto
[Bitcointalk profile] (https://bitcointalk.org/index.php?action=profile;u=2156941;sa=account)
Image credits to localcoin
Review is the Author's opinion, always do your own research.
