Hello guys what's popping? In your view and experience what are the best site so far on this year?? Please share some ! 🙂 which is had a lowest fees and small minimum withdrawal . ' and please only those exchange site that has a high volume and a provably fair trading site . Thanks in advance !
It's not a high volume exchange because it hasn't yet launched, but I'm involved in a project that will do exactly this.
Every transaction you conduct will work and look exactly like it would on a normal exchange - although we're aiming for a better UI. The main difference is that it will all run on "Personal Blockchains". This is ensures accountability is built-in to the exchange - basically the default setting. This works by using stores-of-value in conjunction with an open-ended system of contracts, along with digital signatures. the result is a system that provides "proof-of-integrity":
every transaction is provably fair.Here's how it works:
- A request for service (e.g. trade order) is made, by way of a contract that is digitally signed by the trader
- The service request (e.g. trade execution) is filled and is is digitally signed by the exchange, alongside the service request itself
- Stores of value are consumed as outlined the contract
- These data in this transaction constitutes a single block in a chain established individually (and privately) between every trader and the exchange
Here's what this means:
- The exchange can prove that a service was requested, alongside the details of the request (the exchange has the order and its details, signed by the trader)
- The trader can prove the results of the service, as well as the details of the request (the user has the order fill details, signed by the exchange)
- Proof of consumption is done privately: only the request has and a list of nonces must be provided along with the digital signature
If something goes wrong in a transaction on the exchange side, the trader can prove it. If something goes wrong on the trader side, the exchange can prove it.
This will (hopefully) be a game changer for exchanges because it ensures that every single trader on the the exchange, and the exchange itself are "information-equals", for every single transaction.
The trader, and the exchange can establish the facts immediately and go about fixing any problem that arises, rather than make a claim and then face a counter-claim, before going on social media to berate the exchange, etc...
