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Author Topic: Decentralized Cryptocurrency Exchange  (Read 1288 times)
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October 07, 2014, 06:49:17 AM
 #1

Decentralized Cryptocurrency Exchange

Company such as: Counterparty, NXT, BitShares failed to deliver what people really want.

The one and true way to a decentralized currency exchange is when a user buy cryptocurrency pairs such as BTC/XBOT, BTC/Doge, BTC/LTC, BTC/PND
They can withdrawal Xbot coins, Dogecoin, Pandacoin, Litecoin to their Desktop Wallet.

Most importantly, the supply of coins must be verifiable, this is to ensure that no cryptocurrency exchange can borrow other people's coins to short sell.
This is the ultimate goal of decentralized cryptocurrency exchange.

Any thoughts?


--------------
related thread:
Exchanges make 1million per month on Proof of Stake dumping.
https://bitcointalk.org/index.php?topic=833793.0

                                                                               
                 
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October 07, 2014, 08:23:39 AM
 #2

I don't know any decentralized exchange but I like the complete transparency of coinport.com
It's a new exchange, I don't know the people behind that exchange, and if they can be trusted. But their approach looks like a step in the right direction.



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October 07, 2014, 09:37:15 AM
 #3

DOGE has to be a joke, but it is picking up steam.  Shows how retarded some ALT followers are.
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October 07, 2014, 09:38:24 AM
 #4

Nxt didn't fail to deliver. There is the multigateway. It's still beta but working. Has quite a lot of volume for being beta. In the next days/weeks multigateway will upgrade to production servers and as time passes there will be added more and more servers such that the multigateway is getting more and more decentralised. At the moment there are 3 server used, if I'm right.
I'm not that familiar with multigateway (but I used it twice and it actually worked), so if you're interested in more technical details please visit: https://nxtforum.org/multigateway-jl777/.
That's the volume of the BTC/NXT gateway: http://nxtreporting.com/?as=4551058913252105307

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October 07, 2014, 10:07:44 AM
 #5

Agreed, Nxt and others have already produced a fully decentralized asset exchange and are working towards a decentralized exchange.

Quote
Asset Exchange is the Decentralized Marketplace of Nxt.

It is where any any asset, digital or physical, can be traded peer to peer without the need for a centralised third party. The Asset Exchange concept is often generally referred to as Coloured Coins in the cryptocurrency world. The Voting System feature is dependent on the Nxt Asset Exchange.

Source
http://www.nxttechnologytree.com/

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October 07, 2014, 11:20:37 AM
 #6

This thread is about a decentralized cryptocurrency exchange. It's about putting in one coin, trade for another coin, and cash out that coin.

No need for any centralize cryptocurrency such as: Bitcoin, NXT, Bitsharesx, or CounterParty

                                                                               
                 
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October 07, 2014, 03:05:54 PM
 #7

This thread is about a decentralized cryptocurrency exchange. It's about putting in one coin, trade for another coin, and cash out that coin.

No need for any centralize cryptocurrency such as: Bitcoin, NXT, Bitsharesx, or CounterParty

I don't get what you're saying. Are you claiming that those cryptos were centralized?
With multigateway you can exchange in a decentralized way. Of course you need some NXT because it's on top of the Nxt Blockchain.
Please be more specific about what you're meaning.

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