Liberalism is, on the whole, good. Especially when it comes to financial systems. Liberal models, involving many possibilities and a minimum of prohibitions, allow developing entrepreneurial projects, saving on transaction costs, and increasing the attractiveness of liberal currencies themselves.
This is why distributed cryptocurrency networks show such an increase in financially backed sympathies of all new users around the world. And here is one of the threats that can be effectively eliminated within the Scopuly platform.
Modern virtual-money organized sites in their structure are similar to classical ones: customer funds are first transferred to their personal accounts, which, however, are controlled by the site administration. And only then can the trader begin to use them.
Due to the fact that user deposits, in fact, are controlled by the administration, this can potentially create problems associated with possible abuse of the latter during the bidding process. (For example, it may be an unjustified suspension of trading or poor-quality preventive measures, in connection with which successful hacker attacks on user accounts are possible). This is the so-called centralized ideology of CEX.
To counteract these risks, the DEX ideology appeared, where users don’t transfer their funds anywhere at all — they conclude transactions (carry out transactions) using
available resources of their holders. The same exchange becomes only an information platform that demonstrates quotes statistics to traders, and users make their transactions in the P2P format.
As a result, no aggregation of user resources takes place within the site, which simply eliminates, as a given, the risk of their theft. In addition, since there are no funds, it means that there is no basis for potential abuse by the administration. Is not it, a significant problem is solved in such an elegant way!
