Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XSH] TOR/i2p, Quantum proof, MN, PoS/PoW, Fully ano, SHIELD
by
tradingdisaster
on 16/02/2018, 15:14:08 UTC
Crypto Bridge is  a  decentralize  exange...  is it safe to let  the coins there?

What can happen  if  the exange  goes shut  down     but I still have the  cryptobridge  private keys ?


It's much harder to shut down a decentralized exchange, I wouldn't worry about it. A DEX is basically a P2P network like Bittorrent or Bitcoin - you would need to shut down the whole Bitshares network to strangle Cryptobridge. And most likely that would be the end of most crypto-coins if it can be shown that shutting down one blockchain is easy.

Personally, I try to use Cryptobridge or IDEX or other DEX wherever possible and feel way more comfortable leaving the coins in my DEX-wallet.