Are you feeling a bit tribal? Did you know Ripple created a decentralized exchange in 2012? Doubt it. - Cryptocurrency Reporters - A Light To Cryptocurrency World

Wednesday, 4 April 2018

Are you feeling a bit tribal? Did you know Ripple created a decentralized exchange in 2012? Doubt it.


One of the first things we did (back in 2012) is build a decentralized exchange! You can find stats on its various markets here: XRP ChartsIt has the following properties:Anyone can introduce a new asset to the exchange. The asset can only be held by people who have agreed to hold it and only the issuer can issue the asset. The asset can be denominated in any currency. Offers can be placed to trade any asset for any other asset. Transaction execution is performed according to deterministic rules enforced by the ledger. Payments can be made using the decentralized exchange to convert currencies as needed. Complex paths can be used and multiple paths can be taken incrementally. Transactions typically fully confirm in less than ten seconds. Transactions typically cost much less than a penny. via /r/CryptoCurrency https://ift.tt/2GRYzkw One of the first things we did (back in 2012) is build a decentralized exchange! You can find stats on its various markets here: XRP ChartsIt has the following properties:Anyone can introduce a new asset to the exchange. The asset can only be held by people who have agreed to hold it and only the issuer can issue the asset. The asset can be denominated in any currency. Offers can be placed to trade any asset for any other asset. Transaction execution is performed according to deterministic rules enforced by the ledger. Payments can be made using the decentralized exchange to convert currencies as needed. Complex paths can be used and multiple paths can be taken incrementally. Transactions typically fully confirm in less than ten seconds. Transactions typically cost much less than a penny.

One of the first things we did (back in 2012) is build a decentralized exchange! You can find stats on its various markets here: XRP Charts

It has the following properties:

Anyone can introduce a new asset to the exchange. The asset can only be held by people who have agreed to hold it and only the issuer can issue the asset. The asset can be denominated in any currency. Offers can be placed to trade any asset for any other asset. Transaction execution is performed according to deterministic rules enforced by the ledger. Payments can be made using the decentralized exchange to convert currencies as needed. Complex paths can be used and multiple paths can be taken incrementally. Transactions typically fully confirm in less than ten seconds. Transactions typically cost much less than a penny. 

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