Review on Origin Protocol by Toprak Dere

Name: Origin Protocol
Item: Origin Protocol
Rating: 4

January 03, 2021

About Origin Protocol

Origin launched the project in 2020 to solve the problems of major exchanges monopolizing the cryptocurrency market, while decentralized exchanges are still relatively underdeveloped, centralized exchanges are vulnerable to attacks.

Orion Protocol offers a unique liquidity aggregator that connects major exchanges to one simple platform. Orion sees traders having difficulty making profitable trades from popular exchanges. And while there are many exchanges to choose from, liquidity in these exchanges remains an issue, and not everyone has time to research the exchange that offers the best return. For this reason, Orion wants to keep itself separate by collecting order books in a simple terminal, not by competing with exchanges.

Orion is trying to handle any risk other than centralized exchanges (piracy). Hot wallets, often provided by online cryptocurrency exchanges, are susceptible to hacking. Recent reports have revealed how vulnerable centralized exchanges (and even decentralized ones) are. And users have no choice but to deposit their cryptocurrencies for trading, which inevitably puts them at risk. Orion's unsupervised solutions try to solve this by allowing users to freely manage their assets whenever and however they want, without giving up their private keys to do just that.
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Pros

With Orion's multi-currency wallet, it's easier to track the overall performance of your portfolio as they can be easily found in a single API. The hassle of using and maintaining multiple wallets to trade on multiple exchanges disappears.
Because Orion is open source, third-party developers can join the protocol and build their own decentralized applications on top of it.
Orion's portfolio management application allows users to monitor and record their activities on exchanges, set alarms for arbitrage opportunities, and automate asset management processes, among others.
Orion simplifies the process by bringing together all relevant information in a single tool for the user, rather than checking individual accounts on multiple exchanges to monitor your portfolio.

Cons