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Blocknet could be the best investment of 2017. Here's why:
Exchanges are centralized:
- They can be insolvent without you knowing
- They decide which coins to add -- which hurts a lot of crypto projects
- They could be trading against you without you knowing
- They require KYC to stay complaint and you have no idea where that information goes. Isn't it strange that people want privacy with things like Monero and Zcash, but we give exchanges our identification?
Interoperability of blockchains is going to be huge:
- With a Blocknet backend, people can trustlessly use any cryptocurrency they want for anything that accepts bitcoin
Poloniex, Kraken, and Bitfinex have each been facing problems, and soon people will look for decentralized exchanges out of need, not just a "nice to have".
Blocknet is the only fully trustless cross blockchain exchange that is working. Right now it's working in testnet with BTC/SYS, BTC/BAY, and BTC/LTC. The devs can trivially add any currency that is BIP65/CLTV (including ZCash, Dash etc.), they plan on integrating ETH soon, and the exchange works for any combination of pairs.
AMA link (includes discussion about Blocknet vs Cosmos): https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/
Blocknet vs Ark: https://bitcointalk.org/index.php?topic=829576.msg18785897#msg18785897
Join the Slack: https://blocknet.herokuapp.com/
Twitter: https://twitter.com/The_Blocknet
Exchanges are centralized:
- They can be insolvent without you knowing
- They decide which coins to add -- which hurts a lot of crypto projects
- They could be trading against you without you knowing
- They require KYC to stay complaint and you have no idea where that information goes. Isn't it strange that people want privacy with things like Monero and Zcash, but we give exchanges our identification?
Interoperability of blockchains is going to be huge:
- With a Blocknet backend, people can trustlessly use any cryptocurrency they want for anything that accepts bitcoin
Poloniex, Kraken, and Bitfinex have each been facing problems, and soon people will look for decentralized exchanges out of need, not just a "nice to have".
Blocknet is the only fully trustless cross blockchain exchange that is working. Right now it's working in testnet with BTC/SYS, BTC/BAY, and BTC/LTC. The devs can trivially add any currency that is BIP65/CLTV (including ZCash, Dash etc.), they plan on integrating ETH soon, and the exchange works for any combination of pairs.
AMA link (includes discussion about Blocknet vs Cosmos): https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/
Blocknet vs Ark: https://bitcointalk.org/index.php?topic=829576.msg18785897#msg18785897
Join the Slack: https://blocknet.herokuapp.com/
Twitter: https://twitter.com/The_Blocknet
hahah a newbie telling me that the top exchanges are bad. I am not going to trust you, these exchanges are good and your exchange is very risky I would not send my funds in there, never ever. period.
