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on August 29, 2018

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By KRISTIN WONG from NYT Smarter Living https://ift.tt/2wCybnZ

New York Times News

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By LIZ SZABO from NYT Business Day https://ift.tt/2vTq72m

Decentralized exchange Radar Relay raises $10 million

Meet Radar Relay , a cryptocurrency startup that just raised $10 million from Blockchain Capital and other investors. The company is taking advantage of the 0x protocol to change your tokens into other tokens without going through a traditional exchange. Centralized exchanges have been one of the main weaknesses of the cryptocurrency industry for years. A centralized exchange can get hacked or shut down. Malicious users can also hijack your account and transfer all your tokens. “I definitely hope centralized exchanges go burn in hell as much as possible,” Vitalik Buterin said in a recent TechCrunch interview . So what is the solution? Decentralized exchanges that never hold your tokens on their wallets. As TechCrunch’s Josh Constine wrote , 0x is a protocol that makes this possible. 0x connects traders so that you can swap tokens without going through a centralized marketplace. It leverages smart contracts so that you don’t end up sending the tokens first and waiting for the othe...

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