Have you ever get cheated or swindled through the internet? Be it as a purchaser or a seller, everyone has the possibility of getting cheated and have their money stolen. The internet has opened up many new possibilities on trades that has helped many people, especially those that does not have enough money to start an offline business. With it also comes the risk of getting cheated by irresponsible parties.
This become an initiate for online shop platforms to come up with ways to secure the safety of a trade. While the online shops had found their way to secure it, the world of cryptocurrency are still very risky as not only is it a new territory but the fact that it is not a form of currency that could easily be traded in the bank makes it an easy platform for swindlers to do their deeds. The cryptocurrency market heavily depends on trading platforms or P2P that have yet to have the security needed to prevent these crimes.
Introducing Streemity and Streamdesk
Streemity is a decentralized cryptocurrency exchanger that launched recently and already has more than 9000 members. It’s goal is to be an exchange platform that is safe and secure for everyone. Their core component is streamdesk that promise to be a platform for a safe from fraud P2P exchange.
How does a P2P exchange be secured and safe? It is no longer news that many frauds happened while exchanging cryptocurrencies, and people who lost their money can’t do much about it when it happened. Why is that? Even though we must provide credentials of our identity in many platforms for example, Indodax, a platform that is commonly used in my country. The laws for cryptocurrency are weak and in many countries there aren’t even laws about it as cryptocurrencies are not currencies that are admitted by the country.
Streamdesk P2P exchange assures us that fraud will not happen as they will be using the smart contract. How will the smart contract helps secure the trades? As we know a smart contract is a digital contract that allows credible digital transaction without third parties that are tractable and irreversible. Another wonderful factor of it is the cost that will be much lower than any other trading platforms as it does not involve a third party.
On streamdesk, when both parties has transfered the amount of cryptocurrency or money that they want to trade, it will trigger it's signals and tranfers the amount to the parties involved. It will only transfer the amount to the purchaser or seller once both has their money ready, if a party has yet to transfer the amount needed, the transaction will not be able to be done.
Below is an illustration on how it works.
Personally I like this concept and excited for it, this is the page of streamdesk once you open the site and we can see the offers people put up on what they want to buy or what they want to sell. This is marvelous as we could find a price we want and a currency we want easily or put up our own offer.
To learn more about streamity, you can head over to the website
Or go to streamdesk
Check out their Onepager
You can read their white paper
Or to their youtube
Their Facebook
Their Twitter
Their Telegram
The Medium
The BitcoinTalk
https://steemit.com/crypto/@originalworks/605-steem-60-bonuses-sponsored-writing-contest-streamity
Streamity 2018