Instant Non-Custodial Cryptocurrency Exchange - ICO app factory

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Instant Non-Custodial Cryptocurrency Exchange - ICO app factory The skeptics have always thought that Cryptocurrency was a fad and the value of it could perish anytime. Right after Facebook's Libra cryptocurrency was introduced, the price of Bitcoin and other cryptocurrencies shot up to dizzying heights proving them wrong once again. The wide spread adoption of it has started as more companies like starbucks, Facebook.compound Finance etc are putting cryptocurrencies to use with products we use everyday. Before we talk about building a Non-Custodial cryptocurrency exchange, let's understand why it's different from a Custodial Exchange. Custodial Exchanges are designed in such a way that the cryptocurrencies are held in one single master wallet that the exchange maintains and guarantees for its security. The user accounts created under these exchanges get a private wallet address under this common wallet with which they can store, buy or sell cryptocurrencies. Though it provides a greater control of funds for the exchange, the onus of investing in security measures to safeguard the funds at all times rests with the Custodial Cryptocurrency exchange as it stores your funds and private key that would unlock the funds. Should the cryptocurrency funds gets stolen due to a successful hacking attempt, the exchange is liable to pay it's customers and the uncertainty of whether and when they would looms as well. Whereas the case with non-custodial instant cryptocurrency exchange is that Exchange does not hold the private key or have access to the entire funds.


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