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 - July 2021

11 Aug 2021 12 minute read 2 comments Richard Red

Image: Proximity Scaling by @saender Highlights for July: There are now 3 consensus changes in various stages of development, and the ticket revocations one is already attracting some press coverage. Solid progress on all of the usual repositories...

What Sets Equilibrium’s DEX Apart From The Rest?

11 Aug 2021 6 minute read 0 comments Equilibrium

Decentralized exchanges (DEXes) emerged to fill the need for separating the custody of user funds from actual trading and settlement. Earlier solutions to this problem took that separation quite literally, creating fully on-chain models where orders...

PancakeSwap - the best DEX on Binance Smart Chain

11 Aug 2021 3 minute read 0 comments GetBlock

There’s no doubt that Binance Smart Chain is currently one of the top blockchains, thanks to the importance of the Binance exchange in the crypto world. Currently, it accounts for ¼ of all crypto trades in the world. No wonder that the blockchain wit...

Optimized DEX Trading with the 1inch Platform

9 Aug 2021 2 minute read 1 comment 2sats

*obligatory not financial advice* What is 1inch? 1inch is more than just 2.54 cm, it is also a decentralized exchange aggregator. It basically compares different DEXes like Uniswap and Sushiswap to offer you the best possible trading route for your t...

Let Cryptocurrencies Come to You: Introducing 1-Click Crypto Portfolio $BED Index

9 Aug 2021 4 minute read 5 comments insidetrader

Greetings Publish0x community, today I want to introduce you to the latest product of Index Coop, a decentralized community led by crypto enthusiastic people all around the world, the Bankless $BED Index. Index Coop has launched 6 different tokenized...

Quick Crypto Healthy Check-up

8 Aug 2021 1 minute read 0 comments Mandem

Against malevolent governments (an euphemism) and other bad actors in the world, to protect your assets, choose: Decentralized exchanges (DEX) like Uniswap, PancakeSwap, Bisq over custodian centralized exchanges (Kraken, Coinbase, Binance,..).Crypto...

BitShares 2021 Review

7 Aug 2021 6 minute read 0 comments Heath Muchena

BitShares is a tech-first blockchain platform with an in-built decentralized exchange (DEX).  The project initially launched in 2014 and is said to have one of the first DEXs to operate at scale. BitShares has more to it than just the DEX. The blockc...

Decentralized Exchanges - A Primer

5 Aug 2021 6 minute read 0 comments Devo H

Youtube is evil. Once you look at one crypto video and four other videos that match that criteria show up. You look at those videos and more crypto videos come up. Pretty soon your old video preferences of van life disappear and you are watching noth...

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...