BitVerk Dapps
The primary goal of BitVerk is to create a fully decentralized on-chain swap protocol, which among others supports the world´s first fully decentralized spot swap with leverage, based on the Ethereum blockchain. All order information is stored onto the Ethereum blockchain instead of a centralized server, which reduces risk for downtime and third-party interference. The decentralized order books interact and execute with complete autonomy through an independent eco-system, assuring full transparency, efficiency and the security level inherent to the Ethereum blockchain for all involved parties. The BitVerk pioneering technical approach brings several important advances within the blockchain based swap protocol domain. A plethora of technical innovations are implemented towards unmatched user quality of experience and value-added services, e.g., fully decentralized spot and leveraged spot swap operations with real-time order matching, deduction of swap fees and collecting ecosystem. Combined with the lack of centralized order-storing servers, BitVerk ensures not only low initial capital expenditures (CAPEX) but also minimal operating expenditures (OPEX), given no associated maintenance cost for physical hardware over time. Whereas, the modularity and flexibility of the implementation allows simple adaptation and future growth of the system according to needs.
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Decentralized applications (dApps) are digital applications or programs that reside and execute on a blockchain or peer-to-peer network of computers rather than a single computer and are independent of any single authority's control. At Cryptoknowmics, you will get all the information you need to know about Dapps and their use cases.
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