Review on Allbit by Fanuel PORPORTY
Allbit - DEX ?
Most exchanges offer transactions via a centralized reservation exchange system and are exposed to high risks of hacking and fraudulent acts. So many consider the idea of a decentralized exchange (DEX).
Allbit has developed a decentralized exchange on the Ethereum blockchain to avoid the previous risks by using Smart Contracts, a person-to-person transaction (P2P) where the transaction of digital assets occurs securely without intervention of the central server. In short, Allbit will provide a P2P exchange and an APOT (Allbit Proof of Token) platform which provides the intrinsic value of tokens and the evaluation of token values to avoid misinterpretation of the market.
This decentralized exchange solves the problem of a third party, but the two face a serious problem of liquidity.
Pros
- The benefits associated with Allbit include security, democratized management and the possibility of increased anonymity.
Cons
- The services offered on DEX are also very limited. Margin trading, currency trading (and deposit), as well as stop losses, are generally not offered, and eventually this leads to reduced trading volume.
