What I think ShapeShift’s new Prism platform will be like
In about 12 days ShapeShift.io will announce details of their new system “built entirely on smart-contracts.” I don’t want to jump to conclusions here but if this is what I think it is – this could be the start of a very, very significant trend towards the big players in cryptocurrency exchange providing their customers with a much higher level of security.
For anyone who has been following these technologies you’ll notice that there hasn’t been any major companies trying to tackle “decentralized exchange.” I know of only a few companies who have tried to do this since 2013 and none of them managed to raise more than a few hundred K.
There are a few different reasons for this but what I think it comes down to is cost: it is far cheaper and easier to build a regular exchange and market it as a high security exchange then it is to do the opposite. So with ShapeShift’s Prism - I think it...
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