Decentralized Cryptocurrency Exchange Safe Blockchain Platform Launched

Nov 1, 2018

Block EX exchange, a new decentralized cryptocurrency exchange, announced its official launch. The platform offers maximum protection against cyber attacks, accessible authentication, increased investor autonomy, and many other benefits.

Seoul , Korea, Republic of - November 1, 2018 /PressCable/ —

Block EX, a new cryptocurrency exchange, has officially launched. The platform is completely decentralized, allowing higher transaction transparency and enabling investors to have maximum control over their funds. More importantly, The Block EX exchange also provides increased security and protection, thus eliminating the risk of hacking associated with centralized exchanges.

More information can be found at http://yesexchange.co.kr/en_index.html.

Recent years have shed new light on the vulnerability of centralized exchanges, with some of the largest players being hacked of billions of dollars worth of cryptocurrency. Mt. Gox, then Japan’s largest cryptocurrency exchange, lost more than 850,000 bitcoins in 2014, the equivalent of more than 48 billion dollars. Other exchanges soon followed, including Poloniex, Bitstamp, LocalBitcoins and Bitfinex.

Block EX exchange was established as a decentralized alternative to traditional cryptocurrency exchanges. The blockchain-based platform offers a series of important advantages over standard exchanges, including significantly lower risk of cyber attacks, better overall management, no restrictions of withdrawal amounts, easier authentication and many others.

A spokesperson for the company explained: “Decentralized exchanges are not operated by centralized authority, therefore, they are safer. It is because hackers are not given the weakness of centralized exchanges which can be easily misused. Besides, decentralized exchanges do not demand any user authentication, so they are easy to use, allowing users throughout the world to engage in cryptocurrency trading.”

The benefits extend beyond ease of use and improved security: “What is most important is that users can fully manage their cryptocurrency in the decentralized exchanges. It is because users can keep their funds not in the server of the exchanges but in their own wallets. Moreover, payment or liquidation of trading in the decentralized exchanges is operated in the blockchain, thus assuring transparency and safety.”

Block EX exchange uses Safety EX Smart Contracts to facilitate transactions between cryptocurrency buyers and sellers. The platform is currently most popular with users trading newly issued initial coins.

Interested parties can find more information by visiting the above-mentioned website.

Contact Info:
Name: Brain Gader
Organization: Block Exchange
Address: undefined, Seoul , Seoul, Korea, Republic of

For more information, please visit http://YesExchange.co.kr/en_index.html

Source: PressCable

Release ID: 437302

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