Could this mean we DON'T need Crypto exchanges anymore ?

in #marketreport8 years ago (edited)

The following breaking news about the successful atomic swaps between 3 Crypto currencies could pave the way for bypassing crypto exchanges altogether. This is particularly important as China has recently clamped down on the use of its exchanges as they consider the exchanges to be a weak link in the crypto arena.

"Decred is announcing support for on-chain atomic swaps, which will allow cryptocurrency holders to trade directly, without having to rely on external exchanges. The cryptocurrencies initially supported are Decred (DCR), Bitcoin (BTC) and Litecoin ( LTC )....". For more details, see the following link.....

http://m.nasdaq.com/article/decred-adds-atomic-swap-support-for-exchange-free-cryptocurrency-trading-cm848329

This important development was first brought to my attention by the Crypto-bit brothers on uTube...please see link below.

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Wow. This is interesting. Chinese researchers also claim to have solved quantum communication https://www.cnbc.com/2017/08/10/china-uses-quantum-satellite-to-transmit-potentially-unhackable-data.html

Update on 23-Sep-17: This news is now filtering through other good uTube channels...please see item starting at 1:56min in the following uTube video by Boxmining (who is a very good source of information, particularly from Asia)....