San Diego based Altcoin Exchange, a company getting ready to launch a decentralized cryptocurrency exchange has announced a rebranding from Altcoin Exchange to just Altcoin.io. The company recently conducted the first atomic swap between bitcoin and ether, which will be incorporated into the platform upon launch. The company says they will be providing more details on its services closer to official launch.
Andrew Gazdecki, CEO at Altcoin.io stated, This marks the beginning of a new era of altcoin trading that promises the cryptocurrency community complete security of their coins and a safer way to trade. Altcoin.io wants to empower everyone, regardless of market knowledge, to trade altcoins securely and with confidence. This currently isn’t possible with centralized exchanges. They’re vulnerable to theft, and require you to relinquish control of your coins in order to trade. Since June 2011, there have been 26 known centralized exchange hacks involving the loss of nearly $1,000,000,000 in user funds. Until now, the market has failed to respond with a robust solution, and Altcoin.io’s goal is to solve this problem.”
Shown below is a preview of an atomic swap transaction between BTC and ETH: