Bitcratic

Bitcratic

Bitcratic is a Decentralized Exchange for ERC20 Tokens.

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Carla Faraguna
Carla Faraguna edited on 19 Nov, 2019
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Bitcratic

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

Bitcratic is a Decentralized Exchange for ERC20 Tokens.

Article

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

Architecture

The majority of the operations are being handled directly on the blockchain. Most importantly, aA trader never has to let go ofdoesn't therelease 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 contractSmart 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.

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