Overtime, since the crypto asset has touched and changed the standards of living of people, more people have been coming in, and this increase in the number of users requires a corresponding increase in the creation of tools to make transactions easier for the coins owners. However, the creation of various Crypto exchanges have actually made this a dream come true for them, but despite the usefulness of these exchanges, their pitfalls cannot be far fetched. The owners of these exchanges have seen it as a means or tools to profit from crypto asset ownership, and since they are often centralized, they do not fit well with the idea of a decentralised financial system; they are a single point of failure, though this is not the only issue. Others include; liquidity problems, clearing and settlement, and lack of technological capability etc.

Just like my first experience in the crypto world after earning some coins through hard work on steemit platform, I decided to sell. During the process, I came across an intending buyer who persuaded me that I have to send the coins before receiving my money. At first, I was confused and wondered how would that be possible, but later gave in and transferred the coins to him; I was able to get my money this time. On another occasion I wanted to sell, I contacted the buyer and informed him about the transaction I was about carrying out, and he gave a go ahead. For hours, after sending the coins I couldn't get the money. This obviously means I was scammed!

On my subsequent transactions, I adopt the use of Local exchanges which charge a relatively high amount of money as transaction fee and this could probably be due to volatility of the crypto market, and exchanges don't want to incur loss, thereby inflating fees. At a moment there has been a tremendous increase in the adoption of cryptocurrencies for carrying out various online transactions, different local exchanges have been in place to make these transactions easy, especially for those that sell them in exchange of real money. Thus, the prospect of the cryptocurrency market developing is significant. However, trusting one's crypto assets to a centralized exchanges involves a lot of risks; they are susceptible to getting hacked since there is only single point of failure. This means that hundreds of millions of dollars are at risk from a single security vulnerability of an exchange.

However, the use of blockchain technology and smart contracts simplifies procedures of traditional markets, and there comes in a platform, streamity

Streamity And Its Significant Roles In The P2P Exchange Industry

Streamity is a decentralized exchange platform having StreamDesk

as its major component and capable of growing with its users.

StreamDesk-is a p2p platform for smart-contract cryptocurrency exchange offering a unique automatic service with a very low or no commissions due to elimination of a third party, thereby making the market prices at least fair enough. The adoption of Smart contracts will provide the perfect security lacking in a centralized system and the transactions of traditional currency will be directly entrusted from users to users with the reception of the response from the payment system. This however, serves as “a signal or an indicator” to unlock smart-contracts and close a deal. In a simple language; STREAMDESK ensures exchange of cryptocurrencies for fiat currencies with the adoption of smart contracts.

Unlocking a smart-contract and closing a deal enables Users to benefit from the

developments in the cryptocurrency market and at the same time alleviating any risks associated with cryptocurrency ownership, its transfer, and exchange.

In addition, StreamDeskwill ensure the most secure and efficient exchange of cryptocurrencies via aggregation of market capitalization and price data from major cryptocurrency exchanges which enables rates to always be within the range of its true market rate while disabling profit manipulation of exchange rates as sometimes seen on a centralized exchange platforms.

Transparency will be held with great priority as regards every operation taking place on the platform. A clear display of relevant market data and its fees, coupled with a fair, transparent, and secure exchange will be properly displayed.

"The STREAMITY service will include news, analysis, educational, and investment resources. All the aforementioned services will provide value-added assistance to investors with regard to their management and accumulation of cryptocurrency funds. Each STREAMITY service will represent an independent business environment and will generate income from its various digital services."

Streamity whitepaper, Page 8

All these coupled together, regarding the low or no commission fee, transparency, easy transaction and most importantly, security and lots more as discussed above will revolutionize the P2P exchange industry and serve its adopters better than the currently available solutions.

Ensuring Safety For Both Buyers and Sellers Through The Adoption Of Smart Contract System

What is a smart contract?

"A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties."

Wikipedia

The sole aim to enable trustless P2P transactions by creating an escrow system driven by Smart Contracts, eliminate any risk associated with P2P transactions. Also, the use OAuth ensures that users information is not compromised when dealing with third party solutions.

For instance, if Mr A, a user of streamity, wishes to purchase a cryptocurrency, he has to enter a smart contract with a Seller. The smart

contract creates a short term agreement between Mr A and the Seller. It triggers the transaction process after the Seller agrees to go into business with Mr A. The system is able to detect a payment response(cash) from Mr A after the Seller must have played her role by sending the coins into the system. It will then swap the assets and release them to the relevant parties. With this automated system, Mr A gets his coins and the Seller gets her cash without having to take any risks

Through the adoption of Smart Contracts, both ends are ensured of security. Because at times, the owners of a centralized exchange platform will even be involved in the scams themselves, which means the security is being compromised.

Consequences Of Streamity's Service

In everything involving money, security is one of the most important tools that needs to be emphasized and incorporated, and since Streamity, through StreamDesk with the adoption of blockchain technology is providing that, a lot of people will like to optimize this opportunity thereby increasing the number of people investing in crypto assets.

Also, the integration of STREAMDESK with some payment systems, e.g Yandex will enable easy transfer of cash to sellers. However, the streamity team is currently negotiating with other reliable payment systems like; QIWI,
OkPay, AdvancedCash, and a future incorporation of PayPal and Skrill, followed by VISA and MasterCard will enable the transaction processes more easier. Since there will be a vast availability of different platforms for making payments, more people will adopt the use of cryptocurrencies which subsequently Increase its value. Meanwhile, there will be a way of receiving payment statuses from these platforms.

The use of FIAT usually comes with lot of difficulties and challenges which has chased many away from entering the FIAT world. However, Streamity's gives people the ability to use FIAT thereby lowering the barrier associated with entries by bringing about direct transactions between users and at the same time, maintaining adequate security through the use of smart contracts. Subsequently, there will be a secure mode of money transfer between the parties involved.

Streamity Alpha

The Alpha for StreamDesk has been released by Streamity.

Check out the StreamDesk Alpha here

Partnerships

For a successful integration into the cryptocurrency market, Streamity is currently pursuing numerous partnerships with great numbers of blockchains such as EOS and NEM for smart contracts.

For payment purposes, Yandex Money and PayPal have been incorporated into the system already! In the view of making more payment platforms available, Streamity will continue to pursue partnerships and collaborations for the improvement of end users experience and bringing compatibility to the platform.

Token Sale

[Streamity]((https://streamity.org/) incorporates the use of Streamity token, SMT, into the system for carrying out of some transactions.
The Phase 2 of the crowdsale will start on Monday, June 25th in which over $4 million has already been raised.

Token Sale Page

Road Map

Streamity's road map

their future plans and all they wish to accomplish within a specified period of time.

Meet The Team

The able hands of Streamity

Obviously, they are capable of bringing the task to completion.

And The Partners & Advisors

Summary & Conclusion

The various problems associated with the local exchanges or P2P exchange industry, ranging from the high cost of transactions to a compromised security, might have scared away prospective investors of crypocurrencies which subsequently have significant negative effects on the price of digital assets.

However, the decentralization of a P2P platform implies that owners of digital assets are shield from bad trades and unfair deals. Smart contracts allow for trustless trading. The commissions are completely transparent and prices are dependent on different rates at major exchanges.

STREAMDESK provides significant advantages to both investors and users by providing the basic/essential tools which is lacking in the centralized platforms, especially security through the use of smart contracts as explained above, thereby contributing into development of the crypto-community security. This draws

more users and investors into the crypto-world. Bringing more people to invest has a positive effect on the price of crypto-assets.

With these services made available by StreamDesk, a revolution in the crypto-world is assured... Streamity is the way!!!!

For More Information And Resources, Visit;

• Streamity Website
• Streamity OnePager
• Streamity WhitePaper
• Streamity YouTube
• Streamity Facebook
• Streamity Medium
• Streamity Twitter
• Streamity Telegram
• Streamity BitcoinTalk

This is my entry for the @originalworks contest. Join contest here

Note: All the uncredited images used in this article are either gotten from Streamity's whitepaper or their official website

Streamity2018