Today we are excited to introduce the community to a ground breaking decentralized cryptocurrency exchange, EtherEx. We believe everyone deserves an exchange with open, verifiable transactions and it is our goal to finally provide that service. No longer will centralized exchanges be the focal point of the crypto community, casting negative shadows on worldwide adoption. It's time for a change.
What
EtherEx is a decentralized, open source cryptocurrency exchange built on the Ethereum blockchain using smart contracts. Due to the incorporation of the blockchain technology, every trade will be open and verifiable. Beyond just cryptocoins, EtherEx plans to offer more advanced financial trading abilities in the future which will handle items such as stocks, commodities, and more.
Why
Over the past few years, Bitcoin and other cryptocurrencies have been gaining in popularity at an unprecedented rate. However, one area still demanding innovation and clarity is that of cryptocurrency exchanges. Currently, all but a few exchanges are centralized, going against the mission of the community which is that of decentralization. If users wish to trade upon these platforms they have to entrust strangers to hold their cryptocurrency, fiat and identity documents. Many concerns come into play for users, whether it be the security of the website or what the exchange founders are doing with the funds. A decentralized exchange removes the need for centralized companies to hold your funds, instead placing that trust on the Ethereum blockchain using peer to peer transactions.
When
The launch of our exchange relies heavily on the public launch of Ethereum itself, which at this point is slated for Q4 2014. Development is already in progress and EtherEx aims to go live on the same day.
Where can I find out more?
Please visit our website at
http://etherex.org for information and to sign up for our newsletter, through which we will be providing updates and future information on how to sign up for our private beta. Also join us in #etherex on IRC for all discussions related to the project.
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