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A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.
And we can trade for more ERC20 Token, Neo Nep5
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I think Cardano (ADA) is a good coin for holder.
Cardano aims to integrate with all other major cryptocurrencies without the use of a third party, which:
1. Reduces fees that exchanges charge
2. Allow quicker and easier transactions across the blockchain
3. Removes risk of a third party losing your cryptocurrencies
Cardano is a good investment for the above reasons and the fact that it has only been on the markets since October.
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Reduced reliance on fiat money:
Ever since mankind invented currency, money in its metallic and paper forms have become the main medium of exchange. With the digital revolution we are experiencing right now, the economic landscape will transform in drastic ways. But it remains to be seen how bitcoin, which takes the form of data, can replace our present monetary system. Yet, consumers have become more reliant on online transactions as a more convenient means to pay for products and services. Whats more, a lot of people that are already managing their own bitcoin wallets have full confidence that their virtual cash enjoys the same level of security as real money.
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Tim Draper who made over $1 billion by getting early on Twitter, Skype, Tesla had this to say:
he told Forbes:
"In five years, if you try to use fiat currency, they will laugh at you. Bitcoin and other cryptocurrencies will be so relevant... there will be no reason to have the fiat currencies."
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I think we can use Binance wallet. They store coin in the cold wallet. So anytime we can trade if the market downtrend or uptrend.
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Joining ATOMIC Bounty
Reserved Vietnamese Translation
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Send request via form
How about Vietnamese region? Do you need? |
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