StarBase is a decentralized bitcoin exchange that allows you to trade in a variety of cryptocurrencies, including bitcoin, ether, litecoin, and ripple.
Starbase also features an easy-to-use interface that makes it a great platform for people who aren’t technical with bitcoin. The trade platform is available for free, and it supports both fiat and cryptocurrencies.
One of the biggest problems with bitcoin has been its volatility. That is, the price of bitcoin changes constantly, and if you’re not using a centralized exchange, you’re risking losing money. Starbase solves this problem by allowing people to trade in a cryptocurrency (e.g. bitcoin) without having to worry about the price.
People can trade in a variety of currencies including bitcoin, ether, and fiat from any device that supports bitcoin. For this reason Starbase is often called “the bitcoin of fiat trading.
Starbase is the first decentralized exchange built on top of the Ethereum blockchain to enable people to trade all sorts of currencies. It is also the first decentralized exchange to allow anyone to trade directly with each other rather than through an exchange, as is the case with most other decentralized exchanges, and the first to allow non-profit investors to participate in the exchange and profit, as is the case with most centralized exchanges.
This is the most exciting bit of news from Starbase that I’ve read since I started my column. Because this is the first decentralized exchange to allow non-profit investors to trade with each other, it means that decentralized exchanges may not be as centralized as centralized exchanges. That, combined with the fact that decentralized exchanges are often more anonymous than centralized ones, means that the starbase developers are on the right path to becoming a great place to hold your Bitcoins.
One of the biggest problems with Bitcoin is the fact that it’s entirely based on trust that’s supposed to be built into the technology, and the decentralized nature of it creates massive trust issues. On Starbase, cryptocurrency holders can hold their tokens on a decentralized exchange and then trade them with each other to participate in the community. If the starbase project has its way, this decentralized environment will become the norm for cryptocurrency trading.
The starbase project has three goals: to create a more decentralized Bitcoin exchange, to set up a decentralized mining platform, and to create a decentralized platform for other cryptocurrencies to be traded through.
Starbase could not have been created without the help of a couple of big names: Ethereum co-founder Joseph Lubin and starbase’s blockchain engineer Alexander “Gargoyle” Gariboldis. Gariboldis is the developer of the Starbase blockchain, which is actually a fork of Bitcoin. Gariboldis is also our very own very cool, smart, and mysterious, starbase member.
The Starbase blockchain is decentralized, private, and censorship-resistant. It’s based on Bitcoin, but has no centralized server or network. It’s fully decentralized, with no servers or even any nodes and a permissioned network. Although Starbase is currently only available for the Android and iOS app, it’s expected to become available on other platforms in the near future.