DEX - News, Opinion & Analysis

DEX

765 Articles 60 Followers

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. 


Qredo - Solving Blockchain's Million Dollar Problem

19 Sep 2021 4 minute read 0 comments Ishaan Goyal

Qredo is a project that helps users manage their digital assets using high security and connects layer one blockchain networks. It gathers them on blockchain layer 2 of Qredo. The project developers want to help and support traders and institutions t...

'KULTUR TKOS #005- CRYPTO BUNKERS - CBDC Proof 'LOCAL ECONOMY ASSET BACKED TREASURIES'

18 Sep 2021 7 minute read 1 comment Thunderboltkid

Coming your way A National CBDC, possibly partly backed by physical asset reserves (metal or otherwise), will augment your inflating National Fiat Currency, then replace it quickly. In parallel more and more Cryptos PoS or PoW otherwise will be backe...

The Age of ADA Next Generation Interoperability

18 Sep 2021 5 minute read 18 comments ChildOfTheMany

Decentralized exchanges are one of the core services and utilities that draw people to interact with a blockchain network. Whether you're looking to swap a few tokens for the next 100x gem, seeking a passive income source through staking, or looking...

HOSWAP Initial DEX Offering (IDO) Is Live

17 Sep 2021 3 minute read 0 comments RitabeII

HOSWAP's initial DEX offering (IDO) is live. The IDO commences from the 7th of September, 2021, to the 20th of September 2021. Here’s everything you need to know to take part in this IDO.  HOSWAP’s first IDO is the sale of the DEX’s token, HOS. Throu...

DEX Trading on Shrimpy: Connect and Trade With up to 8 Different Wallets

15 Sep 2021 3 minute read 0 comments Crypto Adventure

Shrimpy is an automated portfolio management platform that has been serving crypto users for three years now. It allows users to interact with numerous exchanges from a single trading terminal and automate portfolios without any crypto trading backgr...

Ufiswap is a decentralized peer-to-peer protocol

15 Sep 2021 4 minute read 0 comments JaksHitam

The modern peer-to-peer concept was popularized by file-sharing systems. The peer-to-peer allowed an enormous number of web customers to directly relate, structure social occasions, and collaborate with each other to function as customer made web lis...

Decred Journal – August 2021

14 Sep 2021 14 minute read 4 comments Richard Red

Politeia v1.1.0 has been released and deployed to the proposals site, it adds new features, including expanded metadata and enhanced UI. The ticket price finally set a new all time high of 321, which even surpassed the spikes in Decred’s history, c...

HALO Network Partners With Mars Panda: What This Collaboration Means For DeFi

12 Sep 2021 3 minute read 0 comments RitabeII

Recently, HALO Network partnered with Mars Panda, a blockchain-based platform. Mars Panda aims to dismantle the bureaucracy haunting the gaming world.  As fantastic as this collaboration might be for both parties, many are yet to understand the magni...

The age of ADA crowdfunding has begun.

11 Sep 2021 4 minute read 25 comments ChildOfTheMany

In one of my last posts, I wrote about some of the methods I use to invest small amounts of money early with the hopes for big returns, and acquire ADA for cheap. I also wrote about one of the platforms that I use to do so; Exmarkets. If you haven't...

The Chainge Finance DEX: earn big by contributing to its liquidity pools

10 Sep 2021 2 minute read 0 comments Edward Moon

The DeFi sector has brought the ability to earn in the cryptocurrency industry by significantly reducing the exposure to risk that traders had to deal with in the earlier years of crypto. This came in the form of passive income, where users got to en...