The AirSwap exchange is a decentralised marketplace that serves as a platform for all ERC-20 tokens. The platform achieves this by implementing a peer-to-peer protocol called the Swap protocol.
The exchange mixes both off-chain and on-chain networks to create a stable and secure environment for all trading and financial payments. Unlike centralised exchanges, AirSwap does not use order books, which are known for having many drawbacks such as latency and scalability issues.
The platform was created to allow buyers and sellers to connect and trade wallet-to-wallet using smart contracts. As a decentralised exchange, AirSwap provides many advantages and benefits over other types of trading. Here, we will take a look at three main ways in which AirSwap is benefiting customers and the blockchain community.
User-friendly
One major downfall and criticism of decentralised exchanges is that they are not beginner-friendly. However, AirSwap proves this notion wrong. Users have found they can easily buy, sell, and trade tokens with no previous experience or knowledge.
The exchange has a simple interface that allows users to easily find and click on the cryptocurrency they would like to work with. Within a few simple steps and seconds, customers have the ability to buy and sell their chosen cryptocurrency. No matter how small a transaction a user wants to make, the platform is able to find buyers and sellers in a matter of minutes. All of these factors make for a very easy-to-use decentralised platform.
Even though the platform is very user-friendly, the company is still trying to attract large market makers. It particularly wants to attract large financial firms that might be struggling to enter the cryptocurrency market. Doing so will not only bring it a larger audience, but it will also increase the company’s revenue and profit.
The AirSwap technology
The exchange uses an advanced technological infrastructure made up of four main components. These include the Peer Protocol, the Indexer Protocol, the Oracle Protocol, and smart contracts.
- The Peer Protocol: This is the messaging part of the platform that allows users to trade and conduct their transactions securely and privately. This part of the process is done off-chain and helps users to connect with other parties that they wish to deal with.
- The Indexer Protocol: This is another off-chain service that gives parties the ability to trade. By using and analysing data, it finds the ETH tokens that users wish to trade.
- The Oracle Protocol: This stage then offers both parties information about the pricing of the trade. To ensure a fair negotiation, the seller can take price suggestions from this protocol and the buyer can do the same to ensure they are getting the best rates.
- Smart contracts: Finally, smart contracts are the immutable agreements used for trade orders on AirSwap. They are the blockchain-based contracts that ensure all deals are fair and agreed on.
All four of these steps allow the platform to be efficient and secure, ensuring customers and users are happy with the product they are using.
Embedded anywhere
The AirSwap exchange allows peer-to-peer trading to happen through a browser on any website. This makes the platform very accessible to anyone who wishes to use it. It also allows for the integration of other exchanges and platforms. The AirSwap widget allows users to bring the exchange anywhere they want. It is a no-fee trading environment tool that offers a three-click trade flow. It is compatible with all major wallets and can be embedded in any browser, desktop, or mobile app. Having this widget available allows for a frictionless system and gives customers the choice of using their own wallets for purchases.
Should you invest in AirSwap?
The competition might be high for AirSwap, but it is expected to see great exposure and growth in the future. Because the exchange is aiming to target large institutions and tackle the competition from other exchanges, it is set to grow from strength to strength. If you want an easy-to-use platform that allows you to buy many cryptocurrencies, then AirSwap might just be the exchange for you.
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Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.