Hello Cummunity,
There is great news for Cryptotrader,
in the past, it has also been shown that even the largest exchanges can not withstand all hacker attacks. So how can we make our acquired cryptocurrency.
If we want to use them mainly for trade? The solution is prims!
Investors diversify their portfolio mainly in many different cryptocurrencys. Why to build not a fund that reflects a certain distribution of different coins from it actually?What was possible in the past, mostly through a central counterparty, wants to solve now Prism from a remote application.
The user invests ultimately always in the form of ether-tokens. He can create portfolios that determine what proportion of the overall investment is placed on certain currencies. There could be, for example, that total pays an ether and has a distribution of 30% on TRUST and 70% on Humaniq. Now comes the smart contract of Prism in the game, which is at the heart of the idea:
The development of the entire portfolio is represented by a smart contract. Would the user pulling its investment out of the market and realize the profits, it can cause the smart contract. Minus a fee he receives the amount converted into ether back then. Ultimately, he is therefore investing in ether and receives payment in ether.
Prism introduces the figure about the smart contract as a decisive advantage. Finally, the smart contract by running on the Ethereum Blockchain was also triggered when the Prism Web site is even offline. The Prism Web site is only a graphical interface that simplifies the payout, ultimately you can do this manually.
So, it seems like Prism was the perfect solution to independently invest from the third-party risk in portfolios of Cryptocurrency.
It is definitely worth to look at it, my steemies
best regards
Steemornot