Plutus are enabling users to instantly convert and spend their cryptocurrencies without experiencing any fees through the use of their decentralized P2P exchange known as PlutusDEX.
Unlike centralized exchanges, the users’ funds are at no point stored in a company wallet ensuring the users are in possession of their funds at all times which is a massive deal. “If you don’t own your private keys, you don’t own your bitcoin.” With centralized exchange wallets, you are not in possession of the private keys, the exchange is. This can be a shocking realisation for many people and it should be. In 2014 the world’s largest cryptocurrency exchange service Mt. Gox, had 850,000 bitcoins belonging to both the company and customers stolen which makes the development of a peer-to-peer decentralized exchange such as PlutusDEX so advantageous.
On top of this it is wrapped into a user friendly Tap & Pay app which allows users to spend their converted crypto at any brick and mortar globally. Plutus is now in beta testing, take a look here: https://plutus.it/
Full Article: https://www.reddit.com/r/plutus/comments/9f6tjb/the_benefits_of_peertopeer_payment_networks/
Topic: Why is Plutus Using a Decentralized Peer-to-Peer Exchange? (Read 105 times)
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