The users in the P2P exchange platforms are given complete control over their assets. Buyers are provided with the option to secure their assets through an escrow account and multi-sig wallet.
There is a famous saying “if not your keys, then not your coins”, which that if you put your assets on the exchange, then you are more prone to hacking and internal malpractices.
P2P exchange development is gaining rapid traction among businesses worldwide. With benefits like enhanced security features, full control over assets, no third-party involvement, P2P exchange platforms are gaining popularity.
Bitcoin, the first cryptocurrency, was the idea of Satoshi Nakamoto. Bitcoin was introduced to facilitate peer-to-peer transactions that would allow people in the network to transact freely across the globe without any third-party intervention.
To enable such a system, the value points of decentralization had to be leveraged to enable the functioning of a true marketplace, thus P2P exchange development.
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