Decentralized Exchanges to Atomic Swaps for Crypto CurrenciessteemCreated with Sketch.

in #money7 years ago

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I read an article describing the future of trading in Crypto Currencies and it is a true game changer if the technology will become as bulletproof as it looks.

We all have seen problems with centralization of Crypto exchanges from Mt. Gox and the Fractional Exchanging to the banning of Crypto exchanges in many countries or the limitations by banks either flagging a transaction as illicit or straight out banning bank accounts for crypto exchanges to block the move from fiat currencies that are centralized and given to you with force for you to use under law to real free currencies like decentralized cryptocurrencies.

The first step in further decentralizing crypto has arrived and has been tested in many cryptocurrencies already. Bitcoin, Litecoin, Decred, Viacoin, and Vertcoin are the only cryptos that have completed this decentralized exchange of cross currency exchange.

I see this as a gigantic move towards a powerful future of the fall of Fiat and the rise of decentralized people powered currencies and blockchain unmanipulated commodity prices.

You can read more about how exactly an Atomic Swap works here:
http://bitcoinist.com/atomic-swaps-what-they-are-how-they-work-and-what-they-mean-for-digital-currencies/

I always saw the potential of the new blockchain technology. Where it is a physical exact accounting of assets and commodities hindering bankster manipulation of assets and commodities worldwide. This will let the free market being able to price again for the first time in decades!

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The future is brighter every day as the free market solutions are fighting the death of government and corporations manipulative stranglehold on the economy!

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