19 Sep '13, 4pm

Decentralized Bitcoin Exchanges Become a Reality As Coinsigner Launches ... - PR Web (press release)

Decentralized Bitcoin Exchanges Become a Reality As Coinsigner Launches ... - PR Web (press release)

Bitcoin is a decentralized Internet cash and payment system, free of government control. Miners produce bitcoins; these are people using computer hardware to solve complex mathematical equations - when the equations are solved, then coins are produced as a reward. This is an empowering procedure; the decentralized nature of bitcoin means that trade prices are always fair and directly reflect market demand. There is a downside to most bitcoin trades however, they are all based on trust; trusting a centralized bitcoin exchange such as Mtgox or trusting and meeting a complete stranger. This is a downside that opens up individuals to various risks. In previous times, traders have had little protection against fraud with serious exposures to counterparty risks. Luckily, Coinsigner is stepping in to fill the void – Coinsigner is a revolutionary new service, offering a simple, ye...

Full article: http://www.prweb.com/releases/decentralized-bitcoin/excha...

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