This is why Decentralized exchanges are awesome!

in #bitcoin6 years ago

Openledger-one of the most successful decentralized exchanges to date.
image.png

So if you are not part of the openledger telegram/use openledger you would not known this info.
Openledger was "hacked". Well not exactly... The domain of openledger got hacked.
image.png
However due to openledger being a decentralized exchange your funds are safe and you can use other gateways to trade still.
Any bitcoin deposits due to being separate from the domains are safe!
image.png

While openledger is not the best exchange, the decentralization feature is amazing!

The best types of decentralized exchanges are smart contracts,atomic swaps and master nodes delegated ones
Since smart contract type exchanges are self explanatory or most well known cough etherdelta/forkdelta, Idex and more.

Atomic swaps and master nodes overseen ones are less known. I shall put this in my what to write list. For any crypto investors out there remember not your private keys not your coins!

Do you trust openledger still and/or are you excited for these new waves of decentralized exchanges?

Sort:  

Decentralization is the future baby!

Hell yeah :)

DEX are great but there is always gonna be Centralized Exchanges also because you can't have fiat gateway. OpenLedger had some fiat option but it is not working now.

Upvoted ($0.17) and resteemed by @investorsclub

Join the Investors Club if you are interested in investing.

This post received a $0.420 (68.19%) upvote from @upvotewhale thanks to @sames! For more information, check out my profile!

You got a 25.00% upvote from @stef courtesy of @sames!

This is good info @sames. I’m still very new to crypto and your post answered a few questions I had after reading through a few threads on Discord yesterday. If I understand correctly since I’m not signed up for open ledger just bitshares no further action on my part is needed, correct?

Um....well you need a bitshares blockchain account to use openledger and other bitshares based exchanges.

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70351.33
ETH 3563.43
USDT 1.00
SBD 4.72