Amidst continuing complaints about several exchanges and new concerns about insider trading, many investors yearn for a trustworthy alternative. Although concerns about such exchanges have been apparent for some time (at least since the historic Mt.Gox hack), the public’s patience with them appears to have run its course.
For many investors, the centralized exchange model simply isn’t working for them. These exchanges encourage investors to deposit their cryptocurrencies with them, despite being an inviting target for hacking and phishing sites (via fake Google ads pages). Investors then come to realize that their funds are at the mercy of exchange operators if they decide to make a withdrawal. And during periods of high traffic, they experience incredibly long delays in making such withdrawals.
Decentralized exchanges seeking market success must offer users greater transaction speeds, greater security, and a friendly user-experience. An accessible fiat gateway is also critical in this regard. Once users begin to expect these features, in a new era of truly decentralized trading will emerge (a crucial step forward in cryptocurrency's evolution)
Not incidentally, XTRABYTES aims to provide the fastest and most secure exchange on the market. Named X-CHANGE, this decentralized exchange will be among the first modules to go live on the platform. In addition to hosting a fiat gateway, X-CHANGE will benefit from XTRABYTES 10,000+ transactions-per-second and state-of-the art ("quantum-proof") SHA-512 encryption protocol. , These features make them a prime contender for creating the first Coinbase of decentralized exchanges.