Swap.Online: A protocol for decentralized cryptocurrency exchange

in #swaponline6 years ago (edited)


Emerging markets such as Brazil, Russia, India and China among others have been experiencing rapid growth. Global businesses look to emerging markets as these markets provide a platform for growth to them. Developing economies such as India and China must be included in the development of global solutions. This will make them play an integral role in the economic performance of many nations. Their involvement in implementing global solutions has had a well-founded effect on the global economic. The competition among businesses in these markets is also on the rise and the development of the crypocurrency offers a great opportunity for the potential investors.

Crypocurrency technology has revolutionized banking industry and other financial institutions in many countries. With the use of a computer or a smartphone connected to an internet, individuals can trade and exchange money. With the development of the blockchain technology, the issues of security have gone down as transactions are becoming safe and secure. The distributed ledger technology is allowing many firms using cryptocurrency to store their data safe and secure from unauthorized users. Today, most exchanges are made in a single blockchain that does not allow faster transactions. With this in mind, Swap.Online aims at providing a platform that will involve various technologies and multiple-blockchains that will guarantee safe, faster and secure transactions for all its users. Swap.Online will make use of the libp2p library, web3.js, and Bitcoin.js to make a cross-blockchain swap structure on the browser to ensure faster transactions.

The users will be able to enjoy great experience from the Swap.Online platform. With the understanding that single blockchain platforms are not the safest platforms, many users feel insecure to transact large amount of money as they have a great fear of losing their money.

Swap.Online aims at providing a decentralized platform that uses the distributed ledger technology for users to track their operations. Also, it intends to use the smart contracts to ensure that the users have a great experience. Through the decentralized cryptocurrency exchange protocol, the users will be able to acquire or exchange their cryptocurrencies faster and directly in browser with no plug-ins clients, or no applications installed.

IMPORTANCE OF SWAP.ONLINE PLATFORM

For the investors or the users of the platform, they will enjoy a free listing for their coins. This will be an added advantage to the users as most of the platforms require the users to pay certain dollars for their coins to be listed. Swap.Online will offer a solution that will provide a platform for every ERC-20 token to be exchanged on every ERC-20 token. The investors will have a broaden circles for their investments as they will be able to exchange their currencies effectively. They will also be able to store their tokens until when they want to exchange them or release them.

Conclusion
Swap.Online aims at providing a platform that is entirely decentralized to guarantee efficiency, transparency, and faster transactions that most exchanges do not provide. With the Swap.Online platform that uses the latest and advanced technology (Atomic Swaps technology), users will be able to enjoy faster and effective transactions in the world of crypto.

For more Information, Please Read the Links Below;
Website => https://swap.online/
Telegram => https://t.me/swaponlineint
Facebook => https://web.facebook.com/Swaponline-637233326642691?_rdc=1&_rdr
Twitter => https://twitter.com/SwapOnlineTeam
Medium =>https://medium.com/@swaponline
Github =>https://github.com/swaponline

AUTHOR: Gitagiajose
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