What is Bitrated?
Bitrated offers a multi-faceted solution for enhancing trust and security within the cryptocurrency ecosystem. The platform empowers users to establish and assess reputations via reviews, social identity checks, and a web-of-trust network. It introduces a chargeback-like mechanism, leveraging multi-signature smart contracts to allow reversible e-commerce payments.
A marketplace for trust agents facilitates arbitration services, promoting competition and lowering entry barriers. These agents act as impartial third parties but never hold user funds, reducing compliance costs. Open APIs enable seamless integration with other platforms, contributing to a standardized identity and reputation across services.
Focused on security, Bitrated manages private keys client-side and adheres to industry best practices, including regular security audits. Overall, the platform aims to self-regulate the cryptocurrency market through reputation management, smart contracts, and voluntary arbitration.
