I have nothing bad against Insider, but I think in the last a lot of similar projects, I want to understand what you are unique!?
Hi Lunaluk,
I understand your confusion since it's hard to decipher the differences and advantages of all the exchanges all ready existing and to be built.
InziderX are a team of experience traders as developers that shares some principles regarding the blockchain and trading. The INX plateform is our solution to the problem that we have identified. Let me show you how InziderX is WAY different then any other exchange in place.
Problem: 1,4 Billions $ hacks on decentralized exchange since 2014! Solution - Pure P2P : fully decentralized - no master node (as Bitshares / EOS) - no dependency on other blockchain as 0x on ETH. So their's NO third party at any level of the trade. This will be achieved with support of IPFS technology.
Advantages : - This way, the exchange is fully secure against major hacks, you always keep control of your assets.
- Its anonymous, no verification, restriction or capital control.
- The exchange CAN'T be taken down - there's no server.
- No dependency on any external influence.
Problem: Decentralized exchange have no volume and transaction confirmation is taking too long to trade actively. Solution : Lightning Network : The lightning Network allow instant transaction. By logic a decentralized exchange traders would need to wait the confirmation time of his last trade to re-trade the same funds.
Advantages : - Establish a relay in between LN users so that coins can get transfer without waiting the confirmation time.
- Allow fast transfer in between LN users so that arbitrage in between exchanges is possible.
- Allow market maker to move funds as fast as needed on exchanges.
ONLY that should convince ANY bitcoiners to invest in INX!
What is the point of the blockchain if the gate keepers are centralized and under government scrutiny?
What is the point of a decentralized exchange if it use master node (centralisation/monopole) and it dosen't have volume or your can't trade actively?
I haven't talk about the chart package (tradingview) and all the orders option (margin/funding/hedging/complexe order type/stacking) as the community forum that will include signals providers, trading technics sharing and rewards.
I trade FX markets for more then 15 years and trade actively BTC for the last 7 years. I would not take some of my time to establish an exchange if I would find what it's needed on this new market.
But since I haven't found such exchange that is for me a MINIMUM - I decided to make this project happen.
I hope this answer your question and you can see how InziderX is nothing as any other exchange in place right now.
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