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. 


Introducing ElixPad Multichain Decentralized Launchpad

2 Apr 2022 1 minute read 0 comments ElixPad

What is ElixPad ? ElixPad is the first decentralized Launchpad which makes simplifies and standarizes data with blockchain technology. We provides user-friendly, efficient and secure launch solutions and utilizing blockchain technology. We build full...

PlentyDeFi PLENTY: A Dapp with Plenty of DeFi for Tezos

1 Apr 2022 3 minute read 2 comments 2sats

*obligatory not financial advice*   What is PlentyDeFi? PlentyDeFi is an innovative DEX on the Tezos blockchain and one of its most used dApps. It will soon add many useful features for decentralized trading like a stableswap and limit orders. Someti...

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31 Mar 2022 2 minute read 0 comments Ino

    Thorchain you had me at decentralized cross-chain liquidity protocol, leaderless vault manager and resistant to centralization. I have some Layer 1 blockchains that are just sitting stagnant time to put them to use, now I just assumed that the  A...

CEX v. DEX: The Battle of the Exchanges

28 Mar 2022 4 minute read 9 comments I-HODL

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Is Biswap The New PancakeSwap ... ?

28 Mar 2022 2 minute read 2 comments Nas.A

  Last week there was movement in the Decentralized Exchange DeFi industry. We have heard news that a new player is listed on many exchanges. In a few days, there was a 400% increase in its price. The name of the decentralized exchange is biswap (BSW...

My First Governance vote on a proposal as a token holder of POS Blockchain - Cosmos

26 Mar 2022 3 minute read 0 comments Greenchic

  Day before yesterday, for the first time I voted on a Cosmos related Governance proposal, meaning as part of the Cosmos community who has staked Atom, I made use of the opportunity to participate in voting on proposals that determine the direction...

Crypto World | Symbiosis and SIS Token | 23 MAR

23 Mar 2022 1 minute read 0 comments Joao16

1 | What is Symbiosis? Symbiosis is a decentralized multi-chain liquidity protocol, their purpose is to do cross-chain swaps allowing users to remain the sole owners of the funds. This means it is very easy to use because there is no need for an adi...

Symbiosis Finance: Multi-Chain Swaps Made Easy

23 Mar 2022 4 minute read 2 comments Aakasha

Symbiosis launched its mainnet beta recently, and a contest on Publish0x is a good reason as any to deep dive into it and give it a go. The DeFi world is constantly evolving, and every new product makes it just a little bit better and easier to use a...

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23 Mar 2022 3 minute read 1 comment clubby

Relationships. Some are beneficial to the people engaged in them. Some are born out of necessity. And there are even some that are crafted from Hell's forge (my marriage for instance!) Today I am going to tell you about a relationship that will allo...

Symbiosis - The Juggernaut of Decentralized Finance

23 Mar 2022 4 minute read 2 comments Defiant Pathfinder

In life do not aim to be just good but aim to be the greatest, always do what is extraordinary. If you keep it that way you will forever stay ahead of the competition and become the Greatest Of All Time. So if I was to be asked to define what is Symb...