DEX - News, Opinion & Analysis


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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. 

How to scale blockchain with Lighting Network by Stakenet

8 Feb 2020 1 minute read 0 comments DaniBom

Check the article at the bottom from one of Stakenet ($XSN) main dev on how it's possible to scale using Lighting Network and Sharding. Instead of executing a “hard” or “soft” fork of the Bitcoin blockchain -a move that would be difficult and messy t...

DeFi - DECENTRALIZED FINANCE, an introduction

7 Feb 2020 3 minute read 0 comments renabs94

  DeFi (abbreviation for Decentralized Finance) is a very hot topic in the world of Blockchain and Cryptocurrencies. The reason is simple: it makes possible the use of disintermediated financial services. No person or company in which to place trust...

BitShares: new CEX trading pairs

6 Feb 2020 1 minute read 0 comments favicon

There are not too many good news these days around the OG DPoS Blockchain, unfortunately. Fortunately, however, there is some good news today from Binance You can now trade BitShares against Tether Dollar and Binance USD! Also nice to know: there is...

Newdex's Year In Review

5 Feb 2020 6 minute read 1 comment ankarlie

From the very beginning of its inception, the Newdex team has envisioned the creation of a one-stop service Defi infrastructure that would leverage the revolutionary technology of Blockhain. In doing so, they have rigorously explored opportunities in...

Stakenet released DEX API, new test version. Lighting DEX getting closer to launch!

3 Feb 2020 1 minute read 0 comments DaniBom

The X9 developers team is working no stop on the first dapp built on top of the Stakenet (XSN) blockchain: the Lighting DEX! Last week the dev team has worked on: - API public launch +improvements - DEX orderbook & LN channel optimizations - Fee opti...

Uniswap: 2 month review

1 Feb 2020 7 minute read 2 comments bengy

Source   I had first heard of Uniswap (a novel take on the decentralised exchange (DEX) based on the Ethereum blockchain) on a podcast of Unchained where the host Laura Shen interviewed the developer of Uniswap (Hayden Adams) about the project. At t...

Zooming out on this $BLOCK pump

23 Jan 2020 1 minute read 0 comments DaniBom

This morning i woke up and one of the telegram groups i'm in a saw a message stating: "WTF is going on with BLOCK"? So i went to bittrex and saw block as the top gainer. If you look at the hour chart, you can see a clear uptrend with a 2.5x in the la...

What Are Atomic Swaps?

19 Jan 2020 5 minute read 13 comments crypto_moose

Atomic swaps are a peer-to-peer, trustless method of exchanging coins on different blockchains, without going through a third party service like a crypto exchange. For example, if I want to exchange BTC for LTC, and you have LTC but want BTC then cur...

YouTube Censorship Emphasizes the Importance of Decentralization

19 Jan 2020 5 minute read 1 comment ankarlie

Image Source The whole cryptocurrency community was outraged when the premier video streaming site YouTube began purging content created by various influential crypto-centric content creators. Reports of the purging began surfacing during the...

SOVDEX Beta is Live… On a Tuesday

15 Jan 2020 2 minute read 0 comments Jimmy D [Uplift.Art l The Uplift World]

  We going live…. on a Tuesday SOVDEX, the new algorithmic DEX is now live. You can trade SOV with instant liquidity against 7 hand selected digital assets including EOS, DAPP, NDX, TPT, DICE, PEOS, and PGL. Whenever you trade on SOVDEX, we never ho...