Some drawbacks with the centralized components that would be required for the Auctus Platform to function, include:Centralized exchanges would require each and every user of the platform to register and verify their accounts. This process takes time, and adds friction to the work flow. A centralized database system like SQL Server or MongoDB is less secure, less reliable and less accessible than decentralized counterparts. A centralized organization is less transparent than a decentralized one, where everything is recorded on a blockchain. Additionally, the community is less invested in a centralized organization where decisions are taken by a central authority. Centralized payment systems (like PayPal or Stripe) are more expensive, less secure and are well within their rights (as per their terms & conditions) to sell your habits and data.
The initial (decentralized) projects that will be integrated into the Auctus Platform as part of the Auctus Labs initiative, are:Amadeus is the answer for dApps looking for liquidity to exchange ERC20 tokens. Ethfinex is a community hub for developers, enthusiasts and traders to share, discuss and crowdsource information from across the decentralized ecosystem. The platform allows for trading and discussion of ERC20 compatible tokens and ethereum-based crowdsales. 0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.
Amadeus and Ethfinex are Decentralized Exchanges (DEX) that utilize the 0x protocol to provide “off-chain order relay with on-chain settlement” (more info on this in 0x’s whitepaper).
How does Amadeus and Ethfinex tie in with the Auctus Platform and Auctus Labs? The first iteration of the Auctus platform will accept deposits in Ethereum (ETH) or ERC20 Tokens via smart contracts. After deposit collection, the Auctus Platform will trade on the clients’ behalf (on Amadeus and Ethfinex) for tokenized assets that compo...