Blockchain.io is a proposed marketplace/exchange for cryptocurrencies. As ccrypto enthusiasts, we know that exchanges are an indispensable aspect of blockchain. In fact, the blockchain ecosystem revolves around digital exchanges because of their vital role of being responsible for the circulation of digital assets/crypto currencies on the blockchain.
Blockchai.io is the newest addition to the exchange platforms, but one with a different edge. Now aren’t you curious to know how different or should I say unique this platform is?
Well, how about if I hint that blockchain.io would incorporate both the features of centralized exchange as well as the features of decentralized exchange on its platform to achieve its aim of adding value to the blockchain ecosystem?
Now I grab your attention! This is exactly the module of blockchain.io
Blockchain.io is one of the few exchange with a mission to ginger a wider adoption of blockchain technology and cryptocurrency. To arrive at this noble aim, it offers to users a friendly and an easily accessible platform with maximum security.
The major aim is to check the insecurities encountered by blockchain users in exchanges. Several cases of fraud and hacking abound in blockchain where assets were unjustly stolen from rightful owners by hackers or some unscrupulous exchange owners and these in a sense are detrimental to the growth of blockchain.
Blockchain.io will play a major role in the internet of value ecosystem as it is poised to revamp the financial services system worldwide, offering value to blockchain users.
Blockchain.io would be a user-friendly and an easily accessible platform where users can securely and seamlessly exchange their assets for other assets or fiat.
CENTRALIZED + DECENTRALIZED
Blockchain.io will incorporate a low-latency centralized exchange service with decentralized cross-chain features.
Its centralized aspect implies that the platform would have custody services, efficient order matching, and a centralized order booking – which are all characteristic of centralized exchanges.
Its decentralized feature on the other hand, will have to so with a trustless cross-chain settlement. That is, the platform will have cryptographic properties and an atomic cross-chain swaps system which would make it possible for uses to swap thir assets across multiple networks without a third party interference. This feature would go a long way in tackling scalability issues associated with decentralized platforms, which is one of the main goals of blockchain.io.
THE EXCHANGE
Blockchain, at times referred to by some as an internet of value.
is an ecosystem within which exchanges are the marketplaces. It is a system that is powered by cryptocurrencies. As such, blockchain.io being a blockchain exchange, will have cryptocurrency pairs as well as pairs with fiats. A unique aspect of the exchange is that it will have an heterogeneous structure that will enable transactions across different networks of blockchain.
Blockchainio would be a a haven to different types of coins such as:
POS (Proof Of Stake) coins – Eg quatum, stratis, etc.
POW (Proof Of Work) coins – Eg litcoin, bitcoin, ethereum
DAG (Directed Acyclic Graph) coins etc.
Credibility?
Blockchain.io intends to contribute to the growth of blockchain through its token utility and by resolving scalability issues encountered in transactions.
Its team is made up of seasoned professionals who are well versed in blockchain technologies accruing from many years of exposure and experience in the crypto sphere. The team is reportedly pioneers of cryptocurrency in Europe, the very same that birthed Paymium, the first bitcoin exchange in Europe in 2009. Paymium as an exchange, is of a high standard in terms of security, accountability, and reliability and these laudable qualitites of course will be the hallmark of blockchain.io upon launching. Also paymium has had no recorded incidence of hacking since it commenced operation nearly a decade ago and that’s another kudos to its high security features. Paymium is regularly audited by external regulatory agencies – the very first exchange to subject itself to such a routine. It has compliance wih the European kyc procedure and anti-money laundering. These are all good news which serve to inform of the standard and credibility of blockchain.io as an offspring of Paymium.
In sum the highlights of blockchain.io exchange worth noting are:
Reliability
Accountability, and
High standard
Blockchain.io offers liquidity services to its users which include
- Assisting ICO owners with their campaigns and listing.
- Use its inventory for marketing
- Offering incentive program for paymium users.
- Offering brokerage and custodial services to institutional clients, etc.
Blockchain.io as stated earlier, is compliant with regulatory agencies. It believes in a regulated crypto world. This stance of the platform is sure to bring about massive adoption of blockchain technology especially for those with doubts in blockchain due to incidences of fraud and insecurities. Its compliance invariably make blockchain.io legit and secure for individuals and institutions.
The exchange will have a low transaction fee to make it possible for everyone to trade.
By adopting fintech friendly policies
Though its major target is the European market/population, it would have far reaching impacts in other parts of the globe as well.
In time, it intends to incude other features as margin trading, peer to peer lending and proprietary lending features.
The platform will offer solutions to scalability issues and lower ransaction costs.
It enables users to trade their assets directly without third party involvements