[2016-08-06] news.bitcoin.com-Blocknet: Exit Centralized Exchanges Now Amid ...

[Strongkored]

Blocknet: Exit Centralized Exchanges Now Amid ‘Damaged Confidence’

This year there has been quite a few breaches of cryptocurrency exchanges. Platforms such as Gatecoin, Cryptsy, and now Bitfinex have all been hacked for a significant amount of user funds.

But now the Blocknet project (blocknet.co) is ramping up its efforts to encourage people to test their decentralized exchange platform, currently in beta. Blocknet claims to be the only technology that decentralizes the very foundations of exchange protocol such as coin deposits, order books, order matching, and transfer protocol. The Blocknet team says the time is ripe for a solution to failing centralized exchanges, and decentralization is the answer.

READ MORE >>> https://news.bitcoin.com/blocknet-centralized-exchanges/

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[truxton]

This will be huge.

[Carlton Banks]

Decentralised exchange that is already up and running: https://bitsquare.io

Bitsquare has OKPay integration, which means that fiat holdings can be exchanged between BitSquare users without touching ACH/SWIFT wires. It's also implementing TLS Notary at some stage, which will help bridge the gap to the fiat world further still.