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. 


The Loopring Protocol: What’s the hype about?

2 Nov 2021 1 minute read 1 comment Md Ausaf Rashid

Loopring Protocol According to the official website, Loopring protocol is an open-source zkRollup protocol. Let’s unpack it. First, let’s understand Zero-Knowledge proofs. In a nutshell, a zero-knowledge proof is a method by which one party (the prov...

Osmosis: A Cross Chain DEX

2 Nov 2021 3 minute read 0 comments 2sats

*obligatory not financial advice* What is Osmosis? Osmosis is a relatively new and very promising decentralized exchange that uses the Cosmos Hub to connect to different blockchains. Currently you can only trade a few crypto assets that are part of t...

CafeSwap monthly update - October 2021

31 Oct 2021 4 minute read 0 comments Ishaan Goyal

October had been a massive month for CafeSwap Finance. With complete integration with Polygon Matic in the month's start to signing new partnerships to fusing great updates in their product to launching an amazing ICO event. Let's learn more about th...

The DEX with Burn-Mechanism Support!

30 Oct 2021 1 minute read 0 comments Daniel Bertoli

  We are glad to announce, that we have successfully launched CaballoSwap!     We have partnered with http://www.caballogroup.com, to bring you a new DEX that supports cryptos that contain burn mechanisms.   #СaballoDEX will list $BIT Token and suppo...

International Regulator Laying the Groundwork for Future Government Regulation

30 Oct 2021 3 minute read 1 comment Cje95

At my office we get a variety of different news papers and each morning I will flip through and read some of them to try and familiarize myself with things people might see in the paper and call about. Today several papers had the same topic covered...

Centralized vs Decentralized cryptocurrency exchange

28 Oct 2021 3 minute read 0 comments Cryptoamateur

Attention! This article is for informational purposes only and does not contain recommendations or calls to action.   Recently, more and more newcomers have come to the cryptocurrency market who did not have previous experience of investing in crypto...

My 1inch profit booking trade, less profitable due to Ethereum Blockchain’s transaction fees!!

28 Oct 2021 2 minute read 0 comments Greenchic

 With the Big Upside move of 1inch yesterday, it was time to book profits Yesterday, I noticed this crazy price action of the 1inch tokens I hold and I felt it’s time to take profits. This is because that candle wick is too overstretched, meaning t...

Solana Blockchain-based, CODI Finance announces IDO Launchpad and NFT Marketplace during Private Sale

27 Oct 2021 3 minute read 1 comment Big Rad Wolf

Premier IDO Launchpad protocol, CODI Finance, has begun its private sale of CODI tokens, its native and governance token and has made it open to the general public. Don’t miss out until it's not too late. Find out more by contacting here: sales@codi....

Uniswap: Everything you need to know

23 Oct 2021 4 minute read 0 comments SpeedPaisa

    Uniswap has a significant role to play in the crypto sphere. It acts as a decentralized exchange and cryptocurrency. One of the most prominent features of Uniswap is that it is built on the Ethereum blockchain. Hence, the users will have the flex...

Biswap launches NFT Marketplace including NFT Staking

23 Oct 2021 2 minute read 7 comments Cryptonator`s

Biswap is my favorite DEX on the Binance Smart Chain besides Pancakeswap. Not only the exchange fees on Biswap are lower but also the APYs are higher than on Pancakeswap. The big news that I am sharing with you today is that Biswap will launch a mark...