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. 


Sun.io is ready to shine - upgrades and new staking options

1 Aug 2021 2 minute read 3 comments PVMihalache

Justin Sun wants to keep up with the DeFi evolution and redenominated the SUN token. The reason for the change was to accommodate the requirements of the SUN project and to upgrade the framework. This change was followed by the platform upgrade, with...

Exchanges With No KYC Requirement for Withdrawals

28 Jul 2021 1 minute read 0 comments busyjordy

  CRYPTO CORNER EPISODE 280 Market Analysis, Updates, News & Reviews   In the wake of the latest announcements from Binance that they are lowering the withdrawal limits from 2BTC per day to 0.06 BTC per day for non-verified customers, I am giving you...

Exploring DEFI in the Cosmos Blockchain Ecosystem >> Osmosis AMM DEX

27 Jul 2021 3 minute read 0 comments Greenchic

  In my earlier article, I articulated my experience dabbling my feet into the DEFI ecosystem waters, using Matic. This time I explored more of DEFI in another ecosystem, the Cosmos Blockchain.        Thriving projects of Cosmos are interconnected d...

〽️Top 8 Dex 30d Volume Dropped 20%+, So Did Their Tokens❓

26 Jul 2021 1 minute read 1 comment Dapp.com

  The top 8 dex’s 30d volume all dropped, ranging from 20% to 52%. What’s more, all of them have lost traders.     Ethereum   Currently ranking No.1 in all dex, the leading Ethereum dex Uniswap V3’s 30d volume decreased 20.77%. The dex trading vol...

SWAPSPACE: REDUCING THE CHAOS IN THE WORLD OF CRYPTO

25 Jul 2021 3 minute read 1 comment Ezra Kewa

So many choices So little time One of the problems we all face in this day and age is the problem of choice. Does there really need to be 50 flavors of ice-cream or yoghurt? Will teal curtains blend more naturally with the green-blue embroidery of th...

Improvements we need in SwapSpace

25 Jul 2021 1 minute read 1 comment Mohsin Rahman

SwapSpace is a non-custodial cryptocurrency exchange focusing on simple exchange solutions for more than 500 coins and tokens. Both fixed and floating rates are available with a minimum 2 to 20 dollars exchange threshold. It offers hasslefree exchang...

SwapSpace Review: A Bouquet of Cryptocurrency Exchanges

25 Jul 2021 4 minute read 0 comments Karo

As the crypto space evolves and its associated technology becomes a reality, more exchange-based project spring up either as a custodial or non-custodial exchange. Cryptocurrency Exchanges fall into either a Centralized Exchange (CEX) i.e., Binance,...

Biswap the best decentralized exchange on BSC?

25 Jul 2021 1 minute read 0 comments Jakonfire

Biswap the best decentralized exchange on BSC? The decentralized exchanges are springing up like mushrooms on the Binance Smart Chain (BSC). Many are scam, many are okay, and some are really good. Until recently, PancakeSwap and MDEX were among my fa...

13 Reasons Why Considering SwapSpace

24 Jul 2021 6 minute read 2 comments ben06x

Some key points about crypto is that it is implemented as an anonymous method of payment in a decentralized way, with some coins trying to fight the inflation of the daily life by having a number in circulation limited. But, what if you have some ass...

SwapSpace, exchange made easy

23 Jul 2021 1 minute read 1 comment Mohsin Rahman

SwapSpace is a non-custodial cryptocurrency exchange focusing on simple exchange solutions for more than 500 coins and tokens. Both fixed and floating rates are available with a minimum 2 to 20 dollars exchange threshold. It offers hasslefree exchang...