Sep 11, 2018
Centralized exchanges are utilized by a customer on a server owned by a profit-oriented company that earns revenue from the platform’s fee system. They guarantee liquidity, offer a pleasant user experience thanks to easy-to-use interfaces, one click transactions and a wider diversity of customer services. Centralized exchanges can process orders and transactions fairly quickly and in some cases allow the exchange between cryptocurrencies and fiat (Khatwani, 2018 June). In return for trusting the administrator of a centralized system with the supervision of the exchange and the user’s assets, the responsibility held by the individual user is kept to a minimum. 1. Overview of Current Exchange Systems In the current exchange of cryptocurrencies, two fundamentally different systems are defining the market: centralized and decentralized exchanges, with the former one being more common (Dedi, 2018). However, the existence of an authority supervising the exchange on a centralized system stands in conflict with the widely acknowledged ideology of blockchain - creating a “trustless” environment where you can get rid of the middleman. An authority can set the rules for transactions and in case of server maintenance or crash, transactions discontinue and business opportunities might be missed. A centralized system might also be perceived as an easy target for hackers with ill intent (Aru, 2018). As the number of cryptocurrency traders increases the downsides of centralized exchanges raise concern.
Attention. There is a risk that unverified members are not actually members of the team
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.