Bitsquare

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This article was considered for deletion at Wikipedia on May 24 2016. This is a backup of Wikipedia:Bitsquare. All of its AfDs can be found at Wikipedia:Special:PrefixIndex/Wikipedia:Articles_for_deletion/Bitsquare, the first at Wikipedia:Wikipedia:Articles_for_deletion/Bitsquare. Purge

oooh, orphan

Template:Infobox exchange

Bitsquare is an open source Peer-to-Peer Bitcoin exchange software. While the transfer of national currency requires the involvement of traditional payment channels like banks or payment processors, Bitsquare does not dependent on any particular one.[1][2][3][4][5]

To ensure highest level of privacy, the platform uses a Peer-to-Peer network over Tor, therefore their is no server to hack and all private data sent over are encrypted. The exchange does not require registration which makes identity theft impossible.[6] To achieve this goal Bitsquare employs three technical mechanisms of protection:[7][8][9]

Screenshot of the Beta Version 0.4.6

1. All bitcoins traded with Bitsquare are secured in a 2-of-3 multisignature address.

2. Both traders are required to pay security deposits. These are refunded to them after a trade completes.

3. Bitsquare features a decentralized and open arbitrator system, to be used in case a trade dispute arises.

References

  1. Wirdum, Aaron van (2016-04-21). "Decentralized, Peer-To-Peer Bitcoin Exchange Bitsquare to Launch Next Week". https://bitcoinmagazine.com/articles/decentralized-peer-to-peer-bitcoin-exchange-bitsquare-to-launch-next-week-1461260120. 
  2. Gautham, Author (2016-04-20). "BitSquare is All Set for its Beta Launch on April 27". http://www.newsbtc.com/2016/04/20/bitsquare-april-27-beta-launch/. 
  3. Merkle, The. "Bitsquare, the beta version of a decentralized exchange to launch soon – The Merkle". http://themerkle.com/bitsquare-the-beta-version-of-a-decentralized-exchange-to-launch-soon/. 
  4. Redman, Jamie (2016-01-20). "Bitsquare: The 'Missing Link' for Decentralized Bitcoin Exchange - Bitcoin News" (in en-US). https://news.bitcoin.com/bitsquare-missing-link-decentralized-bitcoin-exchange/. 
  5. "MasterThesis: A Decentralized Bitcoin Exchange with Bitsquare – Attack Scenarios and Countermeasures". http://www.merlin.uzh.ch/publication/show/12423. 
  6. "Decentralized Bitcoin Exchange Bitsquare Launching Beta This Week - EconoTimes". http://www.econotimes.com/Decentralized-Bitcoin-Exchange-Bitsquare-Launching-Beta-This-Week-199759. 
  7. "FAQ ‹ Bitsquare - The decentralized bitcoin exchange". https://bitsquare.io/faq/. 
  8. "Decentralized Bitcoin Exchange Bitsquare Has Only Raised 42% of its Goal with Lighthouse - CCN: Financial Bitcoin & Cryptocurrency News" (in en-US). 2015-02-09. https://www.cryptocoinsnews.com/decentralized-bitcoin-exchange-bitsquare-raised-42-goal-lighthouse/. 
  9. Yashu, Author Gola (2015-02-09). "BitSquare: A Bitcoin Exchange without Central Authority". http://www.newsbtc.com/2015/02/09/bitsquare-bitcoin-exchange-without-central-authority/. 

External links

Template:Bitcoin