Re: [ANN][LBA] | LightBitAtom: Largest Decentralized Multi-Crypto Exchange

Quote from: mt55 on May 22, 2018, 04:26:36 PM

Quote from: liangpodol on May 04, 2018, 06:45:51 PM

Without intermediaries of transaction become less vulnerable and better protected from the attacks. The LBA platform will become global trading floor for all digital assets and applications

There are a lot of complicated specifications to be met in order for your exchange to be truly decentralized. Just because there is the word in the title doesn't mean it is fully decentralized. Do you research and make sure you are not falling for a semi-professional solution.

Hello! It is a good qoestion. Thank you for it
What differ us from others and why we are truly decentralized.
EtherDelata Exchange is truly decentralized. Metamask browser wallet is used to store your crypto assets, all private keys are stored locally in your computer. The trading logics implemented in smart contract launched in Ethereum virtual machine. BUT you can trade only those tokens created in the same contract, i.e. almost all ERC20 tokens and Ether. We utilize all this functionality AND also allow cross-chain trading using atomic swaps. For example, you can change ETH into BTC and at the same time still have your keys stored in your computer. Unfortunately, Metamask can only operate Ethereum blockchain and its test nets (Ropsten, for instance). Thats why we will create our own browser extension for Google Chrome. The extension can be activated in any browser on Chromium engine (Yandex browser). Well known in crypto community Brave browser will soon move to this engine. In addition, EtherDelta Exchange works very slowly due to constant requests to the smart contract. We provide high-speed operating by using Lightning Network protocol. So operating speed will only depend on your Internet connection and will equal operating speed of any centralized exchange.
If we talk about DEX Exchange we can safely say it is a centralized platform. When you add funds to your account wallet you send your assets to cold wallets of the Exchange. There are three server systems responsible for the safety of your funds. In return of your real funds you get credits assets of Waves blockchain. These three servers are also responsible for the reverse conversion. You trade credits, not your crypto assets. Credits should equal real cryptocurrency price which they dont. And nothing stops Alexander Ivanov from taking your real assets and shutting down the server, leaving you with the credits. Developers of DEX platform call their Exchange decentralized just because it uses blockchain for trading.