In the cryptocurrency industry, most of the trading occurs on exchanges. Or at least, that is what the overall statistics would indicate. Since coin-tracking sites do not keep tabs on OTC, P2P, or other types of non-centralized trading, there is a lot more to this industry than meets the eye at first. Add in the atomic swaps which continue to gain popularity, and things will only get more interesting in the near future. Now is a good time to look back at what makes these atomic swaps so promising.
Eroding the Era of Centralization
No one can deny the world of decentralized currencies, tokens, and assets is far too centralized when it comes to actual trading. Nearly every top exchange being used today is a centralized entity which controls users’ funds, determines which currencies can be traded and when, and seems to dictate the industry in its own way. Notorious examples include Coinbase, Binance, Kraken, Bithumb, GDAX, and so forth. All of these platforms offer convenient access to cryptocurrencies but at the price of not…