Birbswap Decentralized Exchange

bukabash (37)in #birb • 3 years ago

This platform is a decentralized exchange that makes good use of liquidity, unlike some decentralized platforms. It was created to take care of the problems that can be found in centralized financial systems(centralized exchanges). It was created to allow the transfer of BEP20 tokens, and give users of the platform right over their tokens.
The BSC chain makes it possible for the trades carried out on the platform to be fast and cheap. The Birbswap exchange makes it easier for users to transact between their assets without the need of a middle man. Because of the low fees paid on the exchange, users can easily carry out trades for a much lower fee than a typical Ethereum-based DEX exchange.

Problems of centralized exchanges

Absence of transparency: CEX do not update their users on what is being done on the inside. This can lead to doubt on the part of users, and thought of the manipulation of preces by the CEX.
Custodial platform: DEX helps users have full control over their funds, and this gives them a peace of kind. But, in CEX, user's funds and assets are controlled by the exchange. The traders on CEX hands over their private keys to the platform, and this gives them some sort of right over their data and assets.
Insecurity: The fact that it is the CEX that holds all the digital assets of all the users on the exchange, hackers tend to hack it more. Because, once they do, they are in lots of profits. In 2019, the 12 biggest CEXs lost about $92 million to hackers because of loops in the servers. Not only are they hacked, but have problems with technical operations, and this causes a fall in their services.
Birb decentralized exchanges
Birbswap was developed to take care of the problems faced in the centralized exchanges. It allows for the smooth trading of BEP20 network tokens, and also allows users to have full control over their tokens.
The BSC makes it possible for the exchange to offer traders a cheap and fast transaction. The Birbswap DEX provides the solution that Centralized systems have been looking for in exchanges, and that is the traders' full control over their assets. Because of the way its low fee is structured, users can carry out cheap trades unlike other Ethereum-built DEX.
Why Binance Smart Chain?
The BSC is an effective blockchain that provides traders with a fast experience. Even if it doesn't have the kind of adoption that the Ethereum network has, it is a prospering blockchain network. The ecosystem of BSC was created in a way that it will integrate with the Binance Chain to provide a two-in-one experience for the users of the ecosystem. The BSC runs with the Binance Chain, yet it can still adapt with smart contact capabilities and Ethereum Virtual Machine. BSC will provide practical ways to involve the Binance Chain while having features of smart contracts. Because of its integration with the Ethereum Virtual Machine, it can support Ethereum Dapps and tools.

2bP4pJr4wVimqCWjYimXJe2cnCgnBg94tVWz8HgNCbp.jpeg.jpg