The present world has begun benefitting tremendously from the revolutionary technology called Blockchain. Although still limited to the financial service sector, it is such blooming increasingly every day, in importance and possibilities. Its possibilities are quite massive and has begun to manifest itself – from decentralizing the internet (an attempt already witnessed in Bandz Network) to decentralized social network like steemit. In fact, Blockchain is said to be able to reduce our carbon foot print and be able to provide security for the Internet of Things (IoT) technology. The possibilities of Blockchain are truly enormous and its importance its seeing a continuous growth as well.

One of the possibilities of Blockchain is the decentralization of the platform for exchanging crуptоcurrеncy. This is when cryptocurrencies (a product of Blockchain which is used as a medium of exchange) are traded between two or more parties without the need for a centralized intermediary (such as steemexchange, or other currently existing exchange platforms). Such platform assures fair dealings, security and peace of mind while trading with a complete stranger over the blockchain. treamDesk is such platform.

With the ever growing rate of financial transactions roving tremendously across the internet and crytocurreny exchanges occupying a vast number of these transactions, we have witnessed an equal growth of trading platforms as well. However, due to the unregulated nature of cryptocurrency exchanges witnessed in many countries, the trading platforms are witness to earn uncontrollably at the expense of their customers through commissions or exchange rates. However, decentralizing this single trading need proves a viable defense to curbing the need for a third party between trading partners. This is where Sreamity has come in to a rescue.

What is STREAMITY?

According its official website, Steamity

StreamDesk is the first ever decentralized platform for exchanging crуptоcurrеncy for any currency, which allows users to trade without intermediaries, guarantees fair deals and security thanks to the architecture of smart-contracts and API of payment systems.

While it is designed to allow cryptocurrecy traders to help themselves with the benefits ensuing from its emergence while yet lessening the risk thereof.

As the existing exchange platforms for cryptocurrencies are generally centralized, producing a situation where customers trading over the platform must entrust their money (mostly in the form of cryptocurrencies) to a third party, who then could seize (and actually does) the helplessness of these customers to avail themselves of a huge rate of charges in the form of commissions or exchange rates.

Peer-to-peer (P2P) service is one that could improve the risk associated with entrusting the volatile cryptocurrencies in care of third parties. However, even it can only serve in the capacity of a trading platform where users meet to trade their cryptocurrencies. As safe as this may sound, even it is unable to address the underlying security issues associated with the volatility nature of cryptocurrencies, as a single security breach may endanger the cryptocurrencies being exchanged.

STREAMITY not only provide a platform to match users with same need together (exchange or trade), but also offers this service in a secure platforms through smart contracts with very minimum commission.