Goxxed No More: First Decentralized Bitcoin Exchange Launches Today
A single point of failure is a sure way to test Murphy's Law (can go wrong, will go wrong), and when dealing with a massive store of wealth, in bitcoins or otherwise, this is not a law you want to prove. Ever since the failure of Mt. Gox and the subsequent centralized Bitcoin exchanges which have been hacked, proved insolvent, have been the object of exit scams, or buckled under the weight of obvious manipulation, there has been clamor toward a decentralized exchange. There exists technology on which this can be done, escrow services and multi-signature addresses, but these methods, by....
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With all the news about how people lost their money with MtGox and the ongoing madness with it I saw, a while back, a concept for the Goxxed For The Last Time a (Commiserative) Coin. Goxxed For The Last Time, A Fall of MtGox (commiserative) Coin. The coin is a commiserative coin created by Jonny (BigTimeSpaghetti) to commemorate the fall of MtGox.com and its effect on us all. MtGox, the "Bitcoin exchange" that is currently in bankruptcy caused by the loss of millions, has brought back the need to be careful of where you keep your Bitcoins. Mark Karpeles and his shady history did not make....
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OpenLedger, the first decentralized “FinTech Exchange,” launches today. OpenLedger enables users to convert Bitcoin to “fiat-pegged” smart coins that can be held or traded within a decentralized system. Smart coins can be cashed in through the Nanocard network, Paypal, Ripple gateway, and money transfers. Ronny Boesing, CEO and founder of Crypto Coins....
Mastercoin launched its distributed exchange today. Mastercoin has launched a decentralized exchange feature, which is in effect a distributed exchange. Several months ago, the Mastercoin team launched the idea for this type of exchange. The concept had potential, as shown by the raising of 4.740 Bitcoins in a public kickstarter (this was worth about $600.000 at the time). The development process had contests for bounties to get developer's attention. “We got some excellent developers to kick in and start developing four different wallets, and saw the ‘Bitcoin 2.0’ ecosystem built up from....
The race to the moon just got a little more interesting. NXT has announced a decentralized exchange that accepts BTC and LTC and works completely trustless. NXT's decentralized exchange, dubbed Multigateway, has been running for a week now, long enough that the developers feel comfortable inviting the general public in. It allows users to trade BTC, LTC and NXT coins easily and in a trustless, decentralized system, meaning that getting “Goxxed” should be a thing of the past. Working decentralized exchanges have been a bit of a holy grail for crypto developers since the Mt. Gox meltdown.....