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 - October 2021

14 Nov 2021 14 minute read 1 comment Richard Red

Image: Remote Node Outpost by @saender Highlights for October: Politeia celebrated its third year of operation and had another busy development month. The mobile wallets proposal from @raedah was funded for another year. The GoDCR proposal was reje...

Energi and Energiswap

12 Nov 2021 7 minute read 0 comments Flynt

For every initial pool/swap transaction You will need to give permission for the token use Energiswap (with referral to save 10% on fees) Energi cryptocurrency has created their own DEX with over 190 tokens already added to it. It has super low fees...

Osmosis: how to use the first Interchain DEX on Cosmos [ENG-ITA]

9 Nov 2021 5 minute read 0 comments ifiwasfrank

🇮🇹 Trovate la versione italiana dell'articolo dopo quella inglese   Cosmos network is in excellent shape and there are several indicators to confirm this. First of all, the volume of trading on its main decentralized exchange, Osmosis, continues to r...

A dive into DeFi, DEX, Sushi and why Morpheus Labs created ABC Swap.

8 Nov 2021 8 minute read 0 comments jonathan a.

Introduction to DeFi, Sushiswap. Decentralised Finance (DeFi) has become a mainstay in the crypto industry since its boom in 2020. Decentralized finance is essentially financial applications that a centralized body would provide (Banks, Financial Ins...

Unizen, Reinventing The World of Exchanges

7 Nov 2021 15 minute read 0 comments Tokenicer

There are over hundreds of cryptocurrency exchanges. From decentralized exchanges to centralized ones. Many of these face regulatory and security issues that may prevent wishing participants to enter this space. Unizen has built a smart exchange ecos...

Leonicorn Swap - New DEX poised to take DeFi by storm

6 Nov 2021 5 minute read 0 comments CryptoPlankton

I first wrote about Leonicorn Swap (LCS) way back in July—when its LEOS token was only a few weeks old and you could snap them up at only $0.19—since then LEOS has dazzled, hitting an ATH of $2.00, and the LEON has launched delivering healthy gains f...

How to Use Polygon Based DEFI Dex Dfyn Network to Provide Liquidity to WBTC-ETH Pair and Earn Awesome 43% APR in Interest

5 Nov 2021 7 minute read 0 comments Charles Gune

I will explain how I send $100 USD from directly linked bank account to Polygon Based dfyn.network to invest on WBTC-ETH liquidity pair and earn mouth watering 43% APR in interest.  Instead of keeping your ETH and BTC on centralized exchange and not...

Worth - Automated Reward's Functionality

5 Nov 2021 3 minute read 0 comments JaksHitam

Indeed, even bitcoin is useless when it was recently conceived, just with time bitcoin get its worth. It is worth of time which should'nt be disregarded of which worth conceived, Worth is a prize based worth of time established resource. Remembering...

HUGE News For Axie Infinity - "Katana", the Ronin DEX is LIVE

4 Nov 2021 2 minute read 0 comments knowhow92

The moment all us Axie Infinity Players were waiting for is finally here. “Sky Mavis” team once again delivered and Axie’s very own DEX (Decentralized Exchange) is LIVE. Bet things are about to get nasty in Lunacia! Official Katana Announcement : htt...

Flame DeFi: An Upcoming DEX on Tezos with Interesting Tokenomics

3 Nov 2021 2 minute read 0 comments 2sats

*obligatory not financial advice*     What is Flame DeFi? Flame DeFi is a combination of a decentralized exchange and a farming tool that is running on the Tezos blockchain. Tezos has much cheaper fees and is much faster than Ethereum, so it is easi...