Review on Dether by Pedro O. Alvino M.
Decentralized P2P market.
Built and developed on the Ethereum network in 2018, it was designed as a bridge between cryptocurrency trading through an ATM system, where the project also allows the development of applications with the Dether protocol, in a faster and with very useful and easy-to-use tools for developers.
As a P2P network that allows merchants to exchange their crypto and charge fees through this process, it also has a decentralized chay based on the Ethereum address, which also has encrypted conversations.
Through Dether's map function, ATMs will be able to make their offer within the application which will be visible through the google map, which allows the closest interested users to be able to accept said payment in cryptocurrencies, although it is worth adding that the little community and depending on the user's location, the acceptance processes by the ATMs can take a long time.
As a decentralized project, transparency is visible, avoiding any scam or deception through the Dether protocol, however the development of new ATMs by private companies is gaining ground in the market.
Pros
- Designed as an open protocol for Dapps created by Ethereum developers
- Offers a P2P network for the exchange and entry of cryptocurrencies.
- Allows the development of applications with the Dether protocol in a short time.
- Offers a decentralized chat that uses the Ethereum address.
- Offers incentives for the incorporation of new users in the network.
Cons
- Your zoning mechanism for ATMs would be limited for a large number of countries.
- It depends on the community, which is currently very low.
