DEX - News, Opinion & Analysis

DEX

529 Articles 46 Followers

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. 


The Bullish Case for Uniswap

28 Feb 2021 4 minute read 5 comments Austin Reihl

Uniswap (UNI) is a decentralized exchange (DEX) where users can swap any token on the unrivaled ERC-20 protocol employed by the Ethereum (ETH) network. UNI makes it incredibly easy to execute token swaps on-chain with any ERC-20 asset for another, ta...

Binance Smart Chain comes to 1inch Exchange - Take care of your money

28 Feb 2021 1 minute read 0 comments Makingdigital

One of the most outstanding news in recent hours is the recent incorporation of the Binance Smart Chain in the 1inch Exchange. We have known for some time that this DEX is widely used by a large number of users who seek to save commissions in token e...

What to Expect From Uniswap-V3

28 Feb 2021 2 minute read 0 comments Austin Reihl

Over the last few years, the mainstay of decentralized financial applications has become known as the decentralized exchange, or DEX for short. Perfected by Uniswap (UNI), usage of the DEX has been rapidly growing, with a massive uptick in traffic, a...

Got My "EarnDrop" $NIOX - Thanks Autonio Foundation

27 Feb 2021 2 minute read 0 comments knowhow92

Quick update for all those of you who participated in Autonio Foundation's "Earndrop" Campaign. You "Earndrop" #NIOX were just airdropped to your Metamask wallet! You can view your #NIOX (and MATIC funds) balance once you switch your Metamask wallet...

Uniswap (UNI) ERC-20 DEX Overview

24 Feb 2021 4 minute read 2 comments MintDice.com

If you’ve been watching the ratings of cryptocurrency coins recently, you’ve likely been surprised by the number of new coins which are quickly gaining traction. One of these coins specifically, is something incredibly unique known as Uniswap. What I...

Sushi in Pancakeswap is possible!

24 Feb 2021 1 minute read 0 comments Makingdigital

I take this post to comment on some of the news from Pancakeswap for this week. Since it has been placed in the Top 1 as the Exchange that has registered the highest volume of transactions, chefs want to continue generating interest and attract the a...

Brave browser building it's Own Dex

24 Feb 2021 1 minute read 0 comments CryptoArgha

Privacy focused crypto backed web browser Brave announced to launch it's own dex aggregator  Creator of the basic attention token (bat) utility token of brave browser want to incentivize people to use it on dex (decentralized exchange) Brave team is...

Exponential Growth of DeFi "Super-Users" Following Last Year's UNI-V2 Launch

23 Feb 2021 1 minute read 2 comments Austin Reihl

Uniswap (UNI) is a decentralized exchange (DEX) for trading ERC-20 tokens. A decentralized exchange such as UNI does not rely on an order book like a centralized exchange (CEX) would commonly use.   Last year saw the launch of UNI-V2 along with a sub...

Uniswap without fees - Diesel Pools now live! | Hive Blockchain

22 Feb 2021 1 minute read 1 comment okean123

In this video I talk about the recently launched Diesel Pools on the Hive-Engine sidechain, that work similar to liquidity pools found on Uniswap, Pancakeswap, Honeyswap etc. There are no fees associated with swapping currencies in Diesel Pools, also...

How to make money with elastic tokens Ampleforth and Ditto without dying trying

22 Feb 2021 2 minute read 1 comment Makingdigital

One of the most attractive features of elastic tokens is that many traders and traders can make money from them in a matter of days before the corresponding rebase is made. Now, you can lose money if you don't take into account a number of things tha...