What Makes Streamity’s StreamDesk DApp P2P Exchange Standout
Originally published on: CoinSpeaker
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January 22, 2018
Startup Streamity launched its pre-ICO today for the StreamDesk, the fair and completely transparent cryptocurrency-fiat money exchange without intermediaries.
Streamity is working on the very unique decentralised Application (DApp) Exchange Platform named StreamDesk and wants to deploy on it’s Streamity mainnet platform. In this article we review the key features that make the StreamDesk platform relevant to the current needs of the expanding cryptocurrency users.
StreamDesk is a decentralised P2P platform which which has been designed with major considerations of the shortcomings in the existing cryptocurrency services. Streamdesk was designed to immensely cut transaction fees and provide the most favourable transaction terms on the cryptocurrency space.
Designed to Allow High Speed Propagation of Even the Smallest Transactions
A team of brilliant cryptocurrency experts are pulling together resources to prepare for the pre-ICO of a ground breaking cryptocurrency exchange of the future. The Steamity seems to understand well the demand of the cryptocurrency users and promises to deliver high speed transactions when its new exchange service streamity finally launches.
Currently it’s impossible to send small amount of funds through most of the existing cryptocurrency exchange services as most of them have introduced minimum transaction amount. In most cases this minimum transaction amount obstructs users who want to use the services to give small donations, buy movie tickets or online games. StreamDesk will allow transactions as small as $2 to be sent through it’s servers at an almost zero fees.
Maximum Security with Smart-Contracts, Easy and Secure Handling of Fiat
StreamDesk was designed to avoid the scenarios where the exchange is rendered inactive for several hours due to a successful hack which leads in loss on customer deposits in most cases. To achieve this, StreamDesk deploys the use of smart contracts coupled with numerous verifications and encryption algorithms to secure its transactions.
In the StreamDesk platform a user intending to buy cryptocurrency can do so providing a sales order is available on the queue. StreamDesk then locks the transaction in a smart-contract until the payment system confirms the receival the fiat currency being used for purchasing the cryptocurrency.
For users selling cryptocurrencies a buying order is available on the queue. In this way P2P transactions between the seller and the buyer is fastened as there would always be pending orders to buy and sell respectively awaiting just response from users who intend to buy or sell. This makes StreamDesk once again unique as in most existing exchange platforms the time lag between buying and selling is annoyingly big, sometimes exceeding 12 hours, though some platforms automatically cancel the transaction order if one party does not respond after a given time window.
Streamity understands best the importance of the mutual interaction between fiat and cryptocurrency. Thence StreamDesk was designed with this in mind, StreamDesk does not only allows for easy low commission conversion between crypto and fiat currencies but also securely stores users balance in fiat currencies (Euro and USD for the meantime).