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Bitcratic

Bitcratic

Bitcratic is a Decentralized Exchange for ERC20 Tokens.



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 .



Architecture

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.





Timeline

People

Name
Role
LinkedIn

ShriNivas Mani

Employee

Further reading

Title
Author
Link
Type
Date

Bitcratic Traders Reward

Bitcratic

Web

November 16, 2019

Documentaries, videos and podcasts

Title
Date
Link

How to Trade on Bitcratic

Feb 23, 2019

Companies

Company
CEO
Location
Products/Services