RATE Group | Big investment in cryptocurrency startup Altcoin.io
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Big investment in cryptocurrency startup Altcoin.io

09 Sep Big investment in cryptocurrency startup Altcoin.io

Posted at 18:32h in Cryptocurrency News by

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The big investment in Altcoin.io is a further indication of the current state and anticipated future state of cryptocurrency. Each day billions of dollars of digital assets (mainly tokens) are exchanged. Most of this activity takes place via centralized exchanges.

One concern with this activity is cybersecurity, given that central exchanges are a target for hackers. It has been estimated that since 2011, some $3 billion has been stolen from exchanges, based on data collated by Crypto Aware.

Altcoin.io aims to tackle this concern by developing a peer-to-peer, trustless, and decentralized exchange. Here the concept is that users will retain control of their tokens, without ever relinquishing them to a third party.

Altcoin.io will seek to have its trading as a real-time and scalable operation, running at a lower cost than other established centralized exchanges. This vision is set out by the company’s CEO and Co-Founder, Andrew Gazdecki, who states: “The team and I are…

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