Bitcratic

Bitcratic

Bitcratic is a Decentralized Exchange for ERC20 Tokens.

Edit ID  12484234 

Abhilash Kumar
Abhilash Kumar edited on 19 November, 2019 7:00 am
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Description (+83 characters)
Article (+1 images) (+1421 characters)
People (+4 rows) (+12 cells) (+270 characters)
Further reading (+2 rows) (+8 cells) (+249 characters)
Documentaries, videos and podcasts (+1 rows) (+3 cells) (+82 characters)
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Bitcratic

Bitcratic is a Decentralized Exchange for ERC20 Tokens. Start trading Tokens today.

Article

Bitcratic is a Decentralized Exchange for ERC-20 Tokens. All transactions are done through Smart contract on Ethereum Blockchain. You don’t need to Register/Login to Trade on Bitcratic. You can just use Meta Mask/MEW/Legder Neno to trade. No custody of tokens/eth are done by exchange. User use their wallet to trade

Since inception of the Blockchain Centralized Crypto Exchanges are dominating the crypto market and more than 95% transactions are taking place in such exchange. The objective of the Blockchain is to decentralize the world. Bitcratic is here to empower the decentralized exchange..Bitcratic use off-chain order book with On-chain settlement.

Architecture

The majority of the operations are being handled directly on the blockchain. Most importantly, a trader never has to let go of the ownership of their tokens, enabling the whole system to deal with money transfers and execute trades in a trust less manner.

Advantages

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.

People

Further reading

Documentaries, videos and podcasts

Title
Date
Link

How to Trade on Bitcratic

Feb 23, 2019

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