LQDEX, the next-generation decentralized digital asset exchange, today announced a published whitepaper. The whitepaper examines recent faults in the cryptocurrency trading market, and LQDEX’s plan to provide risk-free trading.
LQDEX’s vision is to provide the ultimate secure trading experience for cryptocurrency users across the globe.
LQDEX allows trading of digital tokens across multiple blockchains without counterparty risk. For example, Bitcoin can be traded for Ether. LQDEX operates on a proof-of-stake blockchain and will not have miner fees. The network can issue native tokens, similar to Ethereum tokens. The whitepaper is available to download at LQDEX.com.
“For crypto trading to truly flourish, the market demands an easy-to-use decentralized exchange,” said Yogesh Srihari, LQDEX co-founder and Head of Product. “The creation of secure and reliable exchanges for safe trading is extremely important. At LQDEX, we are able to leverage our market research to develop an ideal exchange that is not only counterparty risk-free, but also transparent and publicly auditable.”
It has been reported that 99 percent of trades still occur through centralized exchanges, but more than 30 of these centralized exchanges have been hacked since 2013. Since centralized exchanges are susceptible to the same vulnerabilities as any other centralized institution, nearly one million bitcoins (valued at $15 billion USD) have been stolen.
LQDEX has launched a multitude of content – including a Medium blog, Subreddit and Telegram channel.
This is a guest post/opinion piece and should not be construed as financial advice.