Open-source software for Cryptocurrency is distributed software that has been designed to promote collaboration of the cryptocurrency. These open-source software have made sharing easy and is available to every member of the community instead of just a single business. The Bitamp open-source exchange is decentralized and is offered to everyone. The platform doesn’t cause any hindrance in the development process of cryptocurrency.
Similar to the Bitcoin network, the open-source software is an effort and is not the work of any single business. The computers in the network are not run by a single business. The system is decentralized and might be difficult to handle for beginners and for people that are not familiar with software development technology.
With the rising number of blockchain networks, the launch of cryptocurrencies in the market has become common. Here is the best open-source Cryptocurrency exchange in 2020.
HollaEx
HollaEx that is powered by bitHola is an open-source exchange platform for Cryptocurrency. The open-source software was launched on January 1, 2020, in Seoul, South Korea. The platform is offering the users of HollaEx a 30% off on trading fees to celebrate their launch.
The users have to log in and just click on the referral link which is given on the platform. The company bitHola introduced HollaEx in October 2019. They introduced it as an innovative digital asset and in January 2020, the exchange was launched for the public in Seoul.
The HollaEx.com is a true example and shows how the future of open-source exchange platforms will look like and what it will offer in the future. The software gives an around-the-clock wonderful performance. The platform is supporting major cryptocurrency pairs like Bitcoin, Ethereum, Monero, Tether, Ripple, etc. The platform delivers fast transactions and doesn’t have a lot of fees.
HollaEx.com will be providing crypto solutions to the business platforms and will be facilitating the finance and eCommerce businesses.
Read more: What are the safest and Biggest Cryptocurrency exchanges?
BisQ.Network
BisQ.netwrok is a decentralized peer-to-peer (P2P) Cryptocurrency exchange platform that is launched to exchange cryptocurrencies. The platform is fully open-source. The reviews for the users are open and public discussion on GitHub is allowed 24/7. The platform is compatible with Windows, Mac, and Linux operating systems.
The P2P platform allows the transactions to be less costly. There is no middlemen infiltration and the system facilitates direct transactions that are held between the buyers and the sellers. This results in reducing the risks of hacking and also prevents DDoS attacks.
Users don’t have to pay any fees and are free to register for the platform. They also don’t have to provide personal details and can register easily. The personal information of the users that includes the trading data is stored in your devices locally.
The information is fully encrypted and is secured. The platform is easy to use allows fast transactions which are done in less than 10 minutes. At BisQ, the users don’t need any third-party wallet. The users are able to store their funds locally in BisQ Bitcoin wallets and can also store them in their bank account.
