Bitcratic is a Decentralized Exchange for ERC-20 Tokens. All transactions are done through Smart contract on Ethereum Blockchain. Users don’t need to Register/Login to Trade on Bitcratic. They can use Meta Mask/MEW/Legder Neno to trade. No custody of tokens/eth are done by exchange. Users use their wallet to trade .
The majority of the operations are handled directly on the blockchain. A trader doesn't release ownership of their tokens, enabling the whole system to deal with money transfers and execute trades in a trust less manner.
1. Funds are kept in Smart contract linked to the users account; therefore the user is the only person who has access of funds. That makes a Bitcratic more resistant to hacking than a centralized exchange.
2. Bitcratic operates through a variety of nodes, so there is no server which can go down or get hacked.
3. Bitcratic provides a higher degree of privacy, because there is no data shared with the exchange operator.
4. The users keep control of their funds in their own account.
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Bitcratic Traders Reward
November 16, 2019
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- BlockchainA blockchain is an append-only digital ledger storing a set of time-ordered transactions grouped in blocks that are linked together using cryptographic hashes.
- CryptocurrencyA cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.