BridgeCoin BCO

$0.3793
Market Cap $ 10.242 MM (#222)
24h Volume $ 8.456 K
Chg. 24h: -0.22%
Algo. score 2.9/5  (#680)
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BridgeCoin project purpose and description

BridgeCoin clarity of purpose

BridgeCoin purpose and aspects

Centralized exchanges have single point of failures which makes them susceptible to attacks, regulatory clampdowns and much more. CrytoBridge (the exchange which uses BridgeCoin) provides a decentralized solution built on the Bitshares network.

BridgeCoin additional differentiation against competition

BridgeCoin holders get dividends from the profits made off the fees from CryptoBridge

BridgeCoin categories

Decentralized exchange

Short description

CryptoBridge is a decentralized exchange (DEX) in the hands of BridgeCoin owners that supports trading of most popular altcoins.

Abstract

CryptoBridge is a decentralized exchange utilizing a high performance scalable blockchain. 50% of all profits from the decentralized exchange are distributed to BridgeCoin owners. BridgeCoin is a scrypt-compatible coin that was created in July 2017 in order to finance the development of the decentralized exchange. CryptoBridge supports trading of most popular altcoins. The main innovation is elimination of a single point of failure when trading cryptocurrencies online due to its decentralized nature and the use of a multi-signature federated gateway software used by a dozen trusted gateways, operating on multiple continents, enabling trust-reduced issuing and withdrawing of the supported coins. CryptoBridge’s target audience are altcoin traders trading on centralized cryptocurrency exchanges which are riddled with performance problems and can be subject to thefts, manipulation, hacking incidents or government takedowns. These problems are solved by the decentralized blockchain based order book and the multi-signature federated gateway network.

Link to Roadmap: https://crypto-bridge.org/roadmap/
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