DEX - News, Opinion & Analysis


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A decentralized exchange (DEX) is a cryptocurrency exchange which operates in a decentralized way on a distributed ledger. One of the first DEX’s was launched in 2014 by the team behind the NXT cryptocurrency. Since then, a multitude of decentralized exchanges have launched but they are still very much in their early stages. 

Unlike centralized exchanges (CEX), which operate from centralized servers and are controlled by a central authority, DEX’s operate on a blockchain and enable peer-to-peer trading of cryptocurrencies. This is the primary difference between centralized and decentralized exchanges, but there are also many more:

Anonymity: Decentralized exchanges grant their users full anonymity, while centralized exchanges generally need to comply with KYC (know your customer) and AML (anti-money laundering) laws. 

Control of Funds: At centralized exchanges, users must trust their money to a third party. Their crypto funds are held by the centralized exchange, not the user. With decentralized exchanges, the user controls their funds as they make transactions directly from their personal wallets.

Hacks & Server Downtime: Centralized exchanges can be hacked and have downtime because they have central points of failure for hackers to target. Decentralized exchanges are impossible to hack because all participants are servers and if someone is hacked, the DEX will not notice and continue running. 

Open Source: A true decentralized exchange is completely open source so that anyone can open its code and see the algorithms and technologies it uses. With centralized exchanges, everything is privately owned and the user cannot identify what algorithms are being ran or technologies being used. 

A Guide to Blocknet (BLOCK)

2 hours ago 4 minute read 1 comment

In April 2018, a Senate congressional committee grilled Facebook founder Mark Zuckerberg over privacy concerns on his platform. One of the questions that caught the attention of many came from Senator Brian Schatz. He asked whether the company’s syst...

Polarity.Exchange traders weekly cash giveaway!

9 hours ago 1 minute read 0 comments Samurai6

Here at Polarity.Exchange we value our traders so starting today we will be hosting a 50 dollar $USDT giveaway once a week for two random traders on our decentralized exchange. Every week our giveaway will randomly pick 2 trader who meets these crite...

YEARN FINANCE ONE announce the YFiONE Whitepaper 😊

18 Oct 2020 1 minute read 0 comments YFiONE

The YFIONE decentralized team is happy to announce the YFiONE Whitepaper 😊 The YFIONE whitepaper contains our vision to a sustainable #defi platform with valuable products built by the YFIONE team to facilitate a better ecosystem, and with all what...

Stakenet Dev October Update

18 Oct 2020 2 minute read 1 comment SolarEclipse

Since my last post about this very exciting project, some goals on the roadmap have been implemented. This time Devs have not only worked on the Lightning-DEX, but also on the backend within the core wallet. Core Wallet The Dev-Team has released a ne...

My Uniswap Adventure - A story of failure, gas, and dumb luck

16 Oct 2020 3 minute read 2 comments ExponentialOne

Picture for a moment a warm summer evening, with clear skies, a nice breeze, and a small amount of ETH in a crypto wallet. This is where my UNI story begins.   My First Transaction Sometime in July I experimented with some of my tokens I received fro...

You are being actively deceived

16 Oct 2020 4 minute read 4 comments ScreenTag

Whether you invest, trade, or simply hold some crypto-assets, you are being used in a game, where the many are going to make fortunes for a few. The motive is as always the easy and quick profit, by making you believe that you can be smarter than tho...

KuCoin Hack: We Never Learn Our Lessons

16 Oct 2020 4 minute read 0 comments Bit Media Buzz

Tasked to write on the security issues of the KuCoin exchange hack, I found instances of oversight. Thanks to members of our crypto community (especially Hacken!) who provided valuable insight into this matter, I was able to suss out what could have...

The Bull case for the DEXToken Protocol ($DEXG)

16 Oct 2020 16 minute read 2 comments KaptnDOGE

  Disclaimer: This article was submitted to the DEXTokenDeFined writing contest. The stated points reflect the authors' opinion 100 percent nonetheless. The Author personally holds funds in $DEXG. The Author has not been sponsored by the $DEXG team....

DEXToken Protocol: Is it worth it?

15 Oct 2020 2 minute read 3 comments Lusipir

DeFi stands for “Decentralized Finance” also called Open Finance which is one of the fastest-growing sectors in an ecosystem that comprises of financial applications that are being developed on top of blockchain systems. With more than $4 billion in...

How I learned to stop worrying and love the Decred DEX

15 Oct 2020 8 minute read 1 comment Bochinchero

I initially set out to do a single post that was essentially a combination of shower thoughts in long form for the Forward Thinking Friday threads on the Decred Reddit. Unfortunately, it got a bit out of hand and I’ve decided to split it into multipl...