Decentralized, Peer-To-Peer Bitcoin Exchange Bitsquare to Launch Next Week

In the world of Bitcoin and digital currency, there seems to be a growing demand for peer-to-peer exchanges, rather than sticking with the traditional model of dealing with companies controlling user funds. Up until this point, very few projects have been released to tackle this issue, although the Coinffeine team is doing a good job so far. But there is a new project on the block which is expected to launch in beta soon, called Bitsquare. BitSquare Peer-to-peer Exchange. Although the latest release of BitSquare is labelled as a pre-release version, there are some interesting features to....

The decentralized bitcoin and altcoin exchange Bitsquare has decided that it must rebrand or face a costly legal battle. Launched last year, Bitsquare is the first decentralized bitcoin and altcoin exchange of its kind. Instead of trading bitcoin through a central intermediary as a typical exchange would, Bitsquare users connect through a peer-to-peer protocol and exchange money directly. To keep everyone honest, traders put up security deposits, while an arbitration system serves as a fallback. The open-source project led by Manfred Karrer recently ran into a setback, however, as the team....

The first completely decentralized bitcoin exchange supporting fiat and digital currencies has announced that it will be launching its beta version on April 27th. BitSquare will be launching its beta version of the decentralized Bitcoin exchange later this month. The BitSquare can be used to exchange bitcoin with other fiat currencies as well as altcoins. Founded by Manfred Karrer along with other contributors, BitSquare has been under development for over 2 years. The platform as been undergoing tests in the recent months before it can finally be launched on April 27, 2016. Manfred....

MultiGateway Service allows users to move cryptocurrencies in and out of the Nxt Asset Exchange. Nxt Asset Exchange is the peer-to-peer exchange built into the Nxt software that brings decentralized trading with no trading fees. Asset Exchange is the decentralized marketplace of Nxt. It is where any asset, digital or physical, can be traded peer to peer without the need for a centralized third party. The Asset Exchange concept is often generally referred to as Coloured Coins the cryptocurrency world. Supported coins on the MultiGateway include:

Hackers exploit the middleman in centralized exchanges which is a central point of failure. No hacker can penetrate Bitsquare’s decentralized platform as they did with Bitfinex because of the presence of a middleman figure, says Mihail Mihaylov, Bitsquare’s Chief Decentralist. Mihaylov says to CoinTelegraph: “Traditional centralized exchanges are honeypots for thieves. With a single hack or through social engineering, a crook can get their hands on large sums of coins and a wealth of user data. This has already happened numerous times.” He explains ways in which Bitsquare is different from....