All known bitcoin was created in 2008, in connection with the global financial crisis. When banks and large financial institutions were criticized for being careless with people's assets, Satoshi proposed a decentralized solution for currency exchange. The block is based on peer-to-peer technology and does not attract a third party as an intermediary for the transfer of value. The system is completely separated from the bank and relies only on the Internet. Decentralization is one of the main reasons for the popularity of bitcoin.
But no matter what, at present most of the platforms and stock exchanges for the trade in crypto assets are centralized, and this will contradict the ideologies of decentralized money.
Centralized exchanges have both a number of shortcomings and many advantages compared to decentralized exchanges. The disadvantages can be attributed to the fact that transactions are performed through a centralized server, it is easier to hack such an exchange, so users do not own private purse keys. Advantages include faster transactions and greater liquidity, as well as high trading volumes and support for fiat payments. Most exchanges support pending transactions.
The Decentralized Exchange (DEX) is a peer-to-peer exchange in which users gain full control over their funds and the ability to trade directly from their wallets through chain-based settlements without the supervision of any central authority. Transactions can be performed on smart contracts and atomic swaps, using what is known as TimeLock hash contracts (HTLCs). Decentralized exchanges are still in the initial state. They are not as user-friendly as centralized. They do not offer as much functionality and do not provide the same liquidity. But they offer a level of security and transparency.
The Blockchain.io project believes that each crypto-currency trader should have both liquidity and security. The Blockchain.io project is a centralized exchange with decentralized calculations that offers both liquidity and stronger security. This is a new generation of exchange platforms that combines the technology of centralized depository exchange with a decentralized, trust-based cross-chain fair exchange. Centralized exchange will be with low latency and full-featured, with storage services, centralized reservation of orders and effective order matching.
Blockchain.io - the project is the development of Paymium. For those who do not zanet Paymium.com is one of the oldest and safest bitcoin exchanges in the world. Blockchain.io will become a platform for trading crypto-currencies, providing users with a centralized order register and decentralized calculations. The company plans to offer ICO services to entrepreneurs and institutions - from planning and execution to listing tokens on the market, focusing efforts in Europe, where the crypto-currency market lacks transparency and a regulated exchange that would allow institutions to launch ICO.
The project is conducted by airdrop, where it plans to distribute tokens for a total of 700,000 euros.
Registration in airdrop is available at: https://airdrop.blockchain.io/4532/3683610
