DEX - News, Opinion & Analysis

DEX

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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. 


Decred Journal - September 2021

12 hours ago 14 minute read 0 comments Richard Red

Image: Fourier’s Square by @saender September’s highlights: Work on the DCP-8 and DCP-9 consensus changes has been completed, they are ready to be introduced for an on-chain vote to ratify them. Politeia has been updated to v1.2, adding features li...

NEUROMASTER $NXR TOKEN

22 hours ago 2 minute read 0 comments NEUROMASTER

Bogged Trading Tools [NXR] - #NEUROMASTER - Crypto Currency   Trade/Swap NXR on #Bogged #Finance #Tokens #BSC #Bogged Charts https://charts.bogged.finance/?token=0x14e18681baeb855c2bd0395956e06e66458bae19   NEUROMASTER (NXR) live price in US dollar...

How to be a Liquidity Provider in SushiSwap on Celo Network an Earn Juicier Free Celo and Sushi liquidity Tokens

13 Oct 2021 6 minute read 0 comments Charles Gune

Learn how to be a liquidity provider in Sushi on Celo network an earn those juicier free Celo and Sushi liquidity tokens as airdrops. Celo’s aim is to empower anyone with a smartphone anywhere in the world to have access to financial services, send m...

How the New Shrimpy DEX Trading Tool Works

13 Oct 2021 5 minute read 0 comments Crypto Adventure

In 2018 ,Shrimpy, a crypto-focused automated portfolio management platform, came into the financial world. Its primary goal is to provide tools for automating trading strategies, rebalancing portfolios, and copy trading to new and expert traders in t...

Tinyman: The First DEX on Algorand

11 Oct 2021 2 minute read 2 comments 2sats

*obligatory not financial advice*   What is Tinyman? Tinyman is a decentralized exchange, like Uniswap, that launched on the Algorand mainnet earlier this week. With Tinyman it is finally possible to instantly swap ALGO and Algorand tokens in a decen...

AstroSwap First Ever DEX on Cardano Network with ADA Smart Contracts

8 Oct 2021 2 minute read 2 comments Charles Gune

AstroSwap will be the first ever DEX built on a Cardano network which ensures that when trading. It’s incubated by BlueZilla and powered by the WagyuSwap team — it’s a good thing too. AstroSwap is a groundbreaking, first interstellar DEX. This decent...

The DEFI World: What is Curve.fi?

8 Oct 2021 4 minute read 0 comments MintDice.com

The DEFI world is growing each and every day. This means that there are constantly new platforms being added to the space. With so many different exchanges and programs, it can be difficult to keep up with knowing  which ones are the best. Curve.fi...

Tinyman review: welcome DeX to Algorand's blockchain

8 Oct 2021 1 minute read 0 comments Goodcrypto

We celebrate the first 24 hours of a real DeX in Algorand. Swap between ASA (Algorand Standard Assets) inmediatly thanks to the speed of the network, add liquidity to an existing pool or directly create a new pair. Algorand, Yieldly, Opulous, USDC or...

🏦 Kine Protocol (KINE) || Decentralized Exchange Derivative Markets with Unlimited Liquidity 📈 20x leverage &⛽️ Zero gas

7 Oct 2021 1 minute read 0 comments FreedomBuilder

  💎 KINE is already listed on coinMarketCap at Gate.io, OKEX, MXC, HBTC & HOO Exchange.https://coinmarketcap.com/fr/currencies/kine/markets 🎁 Total Reward: Receive up to 1 KINE ≈ $2.5 for completing simple social Media tasks.💸 Get 0.5 KINE ≈ $1.25 pe...

ORCA: Apex Dex on Solana?

6 Oct 2021 1 minute read 0 comments Suerte Panda

Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!) DeFi Autumn is here after a mediocre DeFi summer plagued by delays and outright failures! I go over my thoughts on a newer DEX in the Solana ec...