You would be understood to have taken less interest in cryptocurrencies otherwise called “digital assets” in the early years of their launch. However, such may not be the case when more platforms like LocalCoin with potentials tools are now available to simplify your transactions. The coming of this platform is on the heels of unprecedented limitations that have been rocking notable cryptocurrency exchanges for a while. These challenges trigger posers about the potentiality of trading on crypto coins.
Community-Based Exchange
There’s no denying that cryptocurrency exchanges constitute one of the biggest factors that help to keep these assets relevant. LocalCoin taps into this and does more by offering a community-based model that seeks to unite all users for maximum operations. Aside from this, the platform, from its dispositions, looks good to give other cryptocurrency trading platforms a run for the money when its functionalities gain massive adoption.
Efficient Transactions
One of the factors you would likely look out for before considering a crypto exchange is the throughput, that is, the ease of conducting transactions. All that has been sorted out on LocalCoin, where you’re sure of getting a 100,000 transaction per second (TPS) rate in good time.
Sadly, many crypto exchanges don’t have a second look before blacklisting user accounts that have been dormant for a while. While this could help in maintaining a level of sanity, LocalCoin still gives its users an opportunity to continue thereafter rather than shutting them off entirely.
Zero Address
It’s a fact that private keys replaced the traditional use of passwords as could be deduced from centralized platforms. While this boosts the security level, users may be at risk of losing their account after losing the keys. This is because there is no centralized database to keep a copy.
Therefore, the non-addition of digital addresses and private keys on LocalCoin may go the extra mile to cut down these ugly incidents, which in most cases, lead to loss of funds in the lost account(s). The platform took the notch higher by enabling the Over-the-Counter (OTC) that allows you to transact with the other party without the interference of the exchange. This is certainly, in tandem with LocalCoin’s gospel of full-scale decentralization.
The Trading Ecosystem
Many of the activities that place this platform on the spotlight as one of the cryptocurrency exchanges to watch out for are housed on its trading terminal. From this channel, you can facilitate transactions at the speed of 100,000 per second with low commissions. In addition to the stealth mode of transaction and full encryption, the exchange also allows you to customize the interface of your trading dashboard using the Widget Designer Module and White Label.
Additional Features
Other distinct yet effective features that set LocalCoin apart from other cryptocurrency exchanges are optional trading, customizable interface, live chart, a decentralized social network, and personal/group chats on the blockchain.
The Roadmap
Allocation of Tokens
Crowdsale: 80%
Airdrop: 10%
Bounty: 10%
Token Sales Details
Ticker: LLC
Token Supply: 3.6 billion
Exchange Rate: 1 LLC = $0.5 USD
Conclusion
Cryptocurrency exchanges continue to evolve and the future of the platforms lie in the functionalities they have to offer. For LocalCoin, the future is here, as its features would in no small measure, help in facilitating the adoption.
For greater insight and updates on this awesome project, visit the following links
Website: https://localcoin.is/
Whitepaper: https://localcoin.is/downloads/LocalCoinBlockchain.pdf
Wallet: https://wallet.localcoin.is/
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=5125670
Discord: https://discordapp.com/invite/vzxSzYNj
Medium: https://medium.com/@localcoinis
Twitter: https://twitter.com/LocalCoinIS
Reddit: https://www.reddit.com/user/LocalCoinIS
Golos: https://golos.io/@localcoin
VK.com: https://vk.com/localcoin
Join TelegramGroup: https://t.me/LocalCoinIS
Medium: https://medium.com/@localcoinis
Writer's info
Bitcointalk username : deodivine1
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292
LocalCoin public name : divineokoye1