User Tools
what_is_the_qortal_project
Differences
This shows you the differences between two versions of the page.
| Both sides previous revisionPrevious revision | Next revisionBoth sides next revision | ||
| what_is_the_qortal_project [07/23/2022 07:37] – gfactor | what_is_the_qortal_project [08/21/2022 07:04] – gfactor | ||
|---|---|---|---|
| Line 2: | Line 2: | ||
| PDF Version: {{ : | PDF Version: {{ : | ||
| + | f | ||
| {{: | {{: | ||
| Line 99: | Line 99: | ||
| The Trade Portal was initially the main service for the Qortal blockchain in a COMPLETELY DECENTRALIZED peer-to-peer (P2P) trade platform. The Trade Portal is built inside the Qortal User Interface (UI) and utilizes portions within the Qortal Core to accomplish its goals. | The Trade Portal was initially the main service for the Qortal blockchain in a COMPLETELY DECENTRALIZED peer-to-peer (P2P) trade platform. The Trade Portal is built inside the Qortal User Interface (UI) and utilizes portions within the Qortal Core to accomplish its goals. | ||
| - | Qortal’s Trade Portal aims to remove the need for centralized exchanges and ‘decentralized exchanges’ which riddle the blockchain space with all sorts of flaws. That is not to say that all exchanges which claim to be decentralized are flawed, but surely a majority are. The idea of the Trade Portal is to provide true peer-to-peer (P2P) transactions between buyers and sellers without the need of the middle man by utilizing cross-chain trades in the form of the ‘ACCT’ SmartContract (Atomic Cross Chain Trade). The only authority over a trade taking place is solely between the buyer and seller! The custom trade bot for the buyer and seller automates the multiple stages involved in a true cross-chain trade so that the Trade Portal is as simple to use as any centralized service but without any of the associated risks such as 1) historically these exchanges have been prone to hacks and failure, 2) depositing assets into a wallet or temporarily releasing control of assets during a trade, 3) any need for ID verification or KYC/AML. | + | Qortal’s Trade Portal aims to remove the need for centralized exchanges and ‘decentralized exchanges’ which riddle the blockchain space with all sorts of flaws. That is not to say that all exchanges which claim to be decentralized are flawed, but surely a majority are. The idea of the Trade Portal is to provide true peer-to-peer (P2P) transactions between buyers and sellers without the need of the middle man by utilizing cross-chain trades in the form of the ‘ACCT’ SmartContract (Atomic Cross Chain Trade). The only authority over a trade taking place is solely between the buyer and seller! The custom trade bot for the buyer and seller automates the multiple stages involved in a true cross-chain trade so that the Trade Portal is as simple to use as any centralized service but without any of the associated risks such as 1) historically these exchanges have been prone to hacks and failure, |
| How can Qortal guarantee no theft can occur within the Trade Portal? Simple. The fact is, the Trade Portal utilizes LOCAL wallets to make trades. At the time of this publication, | How can Qortal guarantee no theft can occur within the Trade Portal? Simple. The fact is, the Trade Portal utilizes LOCAL wallets to make trades. At the time of this publication, | ||
what_is_the_qortal_project.txt · Last modified: 01/27/2023 18:25 by gfactor