With the aggregate cryptocurrency market cap soaring above $150 billion, an above-800% increase in the first eight months of this year, parties that previously dismissed digital currencies as a niche market are starting to make their mark.
Governments and financial institutions, which were previously observers, are now taking a more active role in the development of token sales and the trading of digital currencies.
Some analysts and speculators are interpreting these developments as the glimmers of the cryptocurrency bubble preparing to burst.
But with the growth of the market, their shortcomings have become evident, including caps on fiat transactions, security failures, possibility for unfair practices and lack of transparency.
Legolas, a new cryptocurrency exchange, aims to address these issues through a hybrid approach.
Legolas employs the power of blockchain, the technology that powers Bitcoin, Ethereum and other cryptrocurrencies, to store order placements in a decentralized, transparent and immutable way.