In light of recent events, China has moved forward and outlawed ICOs and plan to massively regulate crowd-funding events on the Blockchain due to a surge in scams and pyramid schemes. Regulations are inevitable and sentiment is frequently negative.

This affects the price of all cryptocurrencies as seen in the aftermath of China's announcement. To counter these events from affecting crypto markets in the future, Komodo Platform proposes a solution to decentralize exchanges and asset issuing mechanisms.

BarterDEX: Komodo Platform’s Decentralized Exchange

Needless to say, traditional exchanges are bound by local law and regulations. That means that users’ funds are at the mercy of the jurisdiction in which the exchange operates.

However, what if the exchange does not operate anywhere? What if it's distributed? It then becomes an exchange that is not bound to any specific jurisdiction. It becomes as resilient as decentralization itself.

All of this is now possible due to BarterDEX. Notwithstanding, the platform took this a step further and added a mechanism to decentralize liquidity by allowing any user to provide liquidity for any given coin pair. This opens the door to fiat/crypto services such as debit card loading or remittance in a decentralized manner.

The above features make BarterDEX the first distributed exchange that could solve the low volume problems that riddle decentralized exchanges such as Bitsquare. That is not all! JL777, the lead developer, integrated atomic swaps into BarterDEX. That means it is no ordinary exchange. It realizes cross-blockchain trades without the need for intermediaries or depositing coins in an exchange, making BarterDEX the first project delivering atomic swaps with automatic order matching.