5 apps that are running on Ethereum that you may not know… yet!

5 apps that are running on Ethereum that you may not know… yet!

Here we present a list of apps developed on Ethereum that you need to check out!

1. Trek Miles : This Android app helps you to raise money while doing physical activities, as walking, running, etc., creating tokens based in your effort. These tokens that can be bought by others and donated to charity!

2. Pray4Prey: Game where you buy a fish and “pray” to it survives a shark attack. Each attack that your fish survives, it earns a percentage of the money from the dead fishes. Running on a smart contract.

3. Ethlance: Job market (similar to Upwork), where Freelancers and Employers interact without a central organization (that means no fees). All payments are made in ether, and all data is stored in Ethereum blockchain.

4. Plutus: An app that allow its users to spend ETH and BTC at any NFC-enabled merchant. It has a peer-to-peer exchange running on Ethereum network, used to fund the virtual balance in the payment app.

5. Gnosis : A mix of prediction market and game apps, this project is now in pre crowdfunding phase (token sale starts at 04/24). It has some heavyweight names supporting it, as Vitalik Buterin and Joe Lubin (two of Ethereum creators).

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What is BitSquare ?


What is Bitsquare ? 

Bitsquare is a peer to peer Decentralized Bitcoin and crypto currency or Alt Coin Exchange that doesn’t rely on a central third party to be the custodian of your coins. 
This means that , in theory , it is resistant to the types of hacks that have happened to countless Bitcoin exchanges such as Mt Gox, Cryptsy and now Bitfinex. 


It works by attempting to automate, using code, the role that the exchange plays in holding coins in a wallet on your behalf. This custodial role that regular Bitcoin Exchanges play is prone to hack and attack in several ways , hence the need for a more secure way to do this. 

It deploys a multi signature method of making storage and transactions of coins on a peer to peer basis between traders and investors more secure. More technical details on how this works can be found on their website 
They also try to automate a dispute mechanism when trades don’t always go to plan and this involves various ways to Arbitrate and settle disputes when they arise. 

Bitsquare also uses the TOR browser system to try and make trades in the exchange more anonymous so privacy is further protected if desired.

Open Source

This is truly groundbreaking technology as just like Bitcoin is trying to automate banking payment functions bitsquare is essentially doing the same for a complete stock exhange. Therefore you have the majority of the functionality of a stock exchange with very little staff required and very low fees. With the project being open source anyone can look at the code and replicate or improve this and it will be virtually impossible to stop. 


Bitsquare is still very early on its development and new releases and patches are currently frequent so more testing and upgrades need to be done. It is also fairly illiquid currently so not too many people are currently actively trading and making it difficult to find a market and prices in some cases. 
However this is likely to change with the increase in hacks at Bitcoin Exchanges where millions of dollars is held under custody on behalf of investors and traders. 

So what next? 

Volumes in Bitsquare are likely to increase and development will accelerate and once again the Bitcoin community and Crypto currency revolution grows stronger to attacks and will be better for it. This is truly amazing technology and the obvious next step in the crypto movement. It seems with each attack the development of countermeasures to avoid this accelerate. 


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