Streamity - Building A More Secure Cryptocurrency Exchange Market
The revolution in the Cryptocurrency market seems to be taking over the digital space. With the rapid development in the purchase of online goods and services, more online merchants are beginning to include Cryptocurrencies among their payment options. And this has resulted in an increased demand for Cryptocurrencies, spurring the Cryptocurrency revolution. But even with this huge development in the Cryptocurrency world, the current Cryptocurrency market is preventing many Cryptocurrency participants and intending participants from fully taking part in this Cryptocurrency revolution.
The current Cryptocurrency market run a centralized system, where Cryptocurrency buyers and sellers are required to go through third-parties before transactions can be made. Whether a Cryptocurrency user wants to exchange his/her Cryptocurrencies for fiat currencies or other Cryptocurrencies, he/she has to go through third-parties platforms and this process is very cumbersome, highly cost effective and discouraging to most Cryptocurrency participants and intending participants.
Also, there is a high security risk associated with such process; as the Cryptocurrency users are required to trust a centralized third-party with their money since most of the P2P platforms operated by most exchanges are not that secured. What about situations where Cryptocurrency exchanges manipulate Cryptocurrency price quotes on their platforms because of greed for more gain at the expense of the Cryptocurrency participants.
These are just a few of the problems the current Cryptocurrency market is experiencing that is scaring most people from getting into this wonderful world of Cryptocurrency. The question this write up seeks to answer is "what can be done to limit or eliminate these anomalies cryptocurrency participants are experiencing in the current Cryptocurrency market?"
The simple answer to this question is "Streamity"
What is Streamity? And how can it decentralize the centralized cryptocurrency market and make it more secure?
Streamity is a project focussed on creating a powerful cryptocurrency exchange that includes a broad range of services. The goal of this project is to ensure that cryptocurrency users can benefit from the revolution in the Cryptocurrency market, while mitigating risks arising from cryptocurrency ownership, transfer and exchange.
Streamity's core component is the StreamDesk. StreamDesk is a P2P exchange platform that protect both buyers and sellers of cryptocurrency from fraud by utilizing smart-contracts to escrow the transactions. This smart-contract ensures safe P2P transactions, even with fiat. The seller's cryptocurrency is blocked with a smart-contract. As the fiat is transferred to the seller's account, the smart-contract releases the Cryptocurrency to the purchaser.
This innovation by Streamity will greatly reduce fraud and build participant's trust in the Cryptocurrency market. Also, the commissions and cost of carrying out such transactions are greatly reduced in comparison to the traditional P2P purchase method. The StreamDesk platform calculate price rate in real time, aggregating the average weighted price from major cryptocurrency exchanges. Thus, transparency is very much guaranteed with the StreamDesk platform.
One very key element of the Streamity ecosystem is the Streamity Token (STM). This is the internal currency of the Streamity project. This implies that payment for all project services will be made in STMs. This Streamity's project will open a new world of cryptocurrency to current and intending cryptocurrency participants since it will create a kind of decentralized cryptocurrency market and make the system more secure and trust worthy.
The Cryptocurrency market is developing at a very rapid rate and Streamity has come to make the market more secure, decentralized and favorable to all cryptocurrency participants. This is the future of cryptocurrency and everyone that wants to tap into the wonderful opportunities in the Cryptocurrency market should welcome this laudable innovation by Streamity and give it the needed support.
For further information on this innovative project by Streamity, visit any of the links below to learn more.
streamity2018
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