BlockChain News
BarterDEX: The First Fully
Decentralized Exchange Has Finally
Arrived
News of hacks and scams continue to
pop up on the cryptosphere every week
or month. From the recent issues with
BTC-e to the Bitfinex hack and the Mt.Gox
disaster, one thing is clear: Security has
become a major problem in the crypto-
sphere, one that is keeping new investors
away and is alienating people that were
once excited to be part of the crypto
world. Not to mention the millions of dol-
lars that hackers make, creating incentives
for more shady individuals to show up in
the future.
However, the problems found in central-
ized exchanges go far beyond hack and
48
thefts. From fake volume to price manip-
ulation, there is a lot of nasty stuff ex-
changes can do to get ahead or to make
profit, something that has been proved to
be true in the Mt.Gox case. Other times,
exchanges can simply act in a dishonest
manner, accumulate coins and then list
them or delist them once these have been
sold. All of the aforementioned problems
have also helped to create a toxic environ-
ment in the cryptosphere.
Well, they say “necessity is the mother of
invention” and it can also be considered
the mother of adoption. This is exactly
what has happened with cryptocurren-