Cryptocurrency is no stranger to theft — hackers stole over $4 billion through cryptocurrency crimes in the first half of 2019 alone. To prevent these hacks, it’s essential that traders move to decentralized blockchain exchanges, which provide a level of security that larger centralized exchanges can’t.
However, existing decentralized exchanges haven been unable to successfully handle Bitcoin, as they lack full smart contract support. Fortunately, new state channel technology has emerged to solve this problem, making Bitcoin trading safer and more efficient than ever before.