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. 


HALO Network Sets To Launch Decentralized Crypto Exchange, HOSWAP

9 Sep 2021 3 minute read 0 comments RitabeII

Decentralized exchanges are fast becoming the go-to choice for transactions on the blockchain. These financial products offer many benefits over their centralized counterpart, so it is no surprise to see the crypto space embrace these products.  HALO...

Top 10 Coins by Transaction Rate on Binance Smart Chain - September 8th [BSC, Binance, Altcoins]

9 Sep 2021 1 minute read 0 comments Walooploop

Total transaction volume on September 8th (in the AM, noting the past 24 hours) @PancakeSwap $CAKE - 973 K  @ape_swap $BANANA - 234 k @Biswap_Dex - 160 k @Mdexswap $MDX - 138 K @Wault_Finance $WAULTX -72k @babyswap_bsc $BABY- 70k @VenusProtocol $XVS...

MDex (Dex, BSC, Binance, Huobi)

9 Sep 2021 1 minute read 0 comments Walooploop

Mdex - MDX - https://coinmarketcap.com/currencies/mdex/ Dex's on Binance are booming -due to lower transaction costs -and EVM Compatibility The ecosystem is booming, attracting new projects and creating mutually beneficial, synergistic relationships...

Brian Armstrong Gets a Wake Up Call

8 Sep 2021 2 minute read 0 comments AlucardLife

Brian Armstrong is a bitch, and his company is getting reamed for it. This fuckin guy actually has the nerve to go on a Twitter rant about getting sued by the SEC. What did you think was gonna happen, Brian? Bri-o? You fucking government whorebag. Th...

Final Boss IMF Tanks Bitcoin 20% in 1 Hour

8 Sep 2021 1 minute read 3 comments AlucardLife

Kidding. I don't think today's bitcoin dump was a coordinated effort by international banking cartels to make El Salvador look bad. Maybe not directly. Might have been some folks who work for international banks trading in their personal accounts. Bu...

Top Four DeFi Decentralized Exchange which one is better?

2 Sep 2021 2 minute read 0 comments DefinanceApp

  Since 2017, there has been an increasing demand for Decentralized Finance (DeFi) as shown by its astronomical growth from a paltry $2.1 million to $48 billion, notwithstanding that the sector lost 45% of its net worth to changes in the crypto comm...

(IJCH) - Musings about IDOs (Initial DEX Offerings)

2 Sep 2021 1 minute read 0 comments JaiChai

  IJCH - Inside JaiChai's Head (Meaning: My Warped, Personal Opinions and Musings) image source From the Author: Salutations. I am JaiChai. And if I haven't had the pleasure of meeting you before, I'm delighted to make your acquaintance now. image...

StellarX Decentralized Crypto Platform Review

29 Aug 2021 5 minute read 0 comments Heath Muchena

StellarX is a cryptocurrency trading platform operated by Ultra Stellar LLC which acquired the platform from Coinsquare. Ultra Stellar also operates the LOBSTR Stellar wallet which is available as web, Android and iOS apps. LOBSTR users are able to s...

Biswap: what it is and how it works | Review

28 Aug 2021 3 minute read 0 comments biricash

BISWAP is a decentralized exchange (DEX) built on the Binance Smart Chain that allows you to instantly trade tokens and earn by staking cryptocurrencies and offering liquidity to exchange pairs. At the time of writing Biswap offers percentages over 6...

Competition is Heating Up in DEX Aggregation

28 Aug 2021 3 minute read 4 comments paragism

The meteoric rise of cryptocurrencies post-pandemic has been really phenomenal. The trade volume has increased exponentially, and many retail and institutional investors have jumped into it. The market behaviour has also changed significantly. Previo...