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. 


Loopring 2019 Development Roadmap

18 Feb 2019 8 minute read 0 comments Loopring

We like to think that Loopring’s core research and development in 2019 will be reflected in two broad buckets: innovation + focus.   Innovation: maintain a high degree of attention and respect for new advancements in blockchain, and strive to absorb...

PwC and Loopring: Stablecoin Report

16 Feb 2019 4 minute read 2 comments Loopring

A few months ago, the Loopring Foundation and PwC China began working together to explore some of the greatest opportunities and challenges facing the blockchain and cryptocurrency ecosystem, as well as traditional corporations who are navigating its...

Centralized Exchanges vs. Decentralized Exchanges: Which Should I Choose?

24 Jan 2019 4 minute read 6 comments BlockchainSEO

With the rise of Bitcoin and altcoins, so came countless cryptocurrency exchanges to purchase and trade them on. However, the landscape has unfortunately evolved into a Wild Wild West arena, where large-scale hacks appear to be the norm these days, o...

Top DEX by Volume Dec

6 Jan 2022 1 minute read 0 comments Dapp.com

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Tinyman - The Surging DEX Built on Algorand + Potential Airdrop?

31 Dec 2021 3 minute read 5 comments CryptoCelt97

  Algorand is one of the most reliable and efficient cryptocurrencies out there. I believe it's destined for a top 10 spot in in the market cap rankings, it's ecosystem is expanding rapidly and Tinyman is a further step in the right direction.   What...

🚀 Top DeFi Tokens Onchain Data (30d)

29 Dec 2021 1 minute read 0 comments Dapp.com

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5 Oct 2021 1 minute read 0 comments FreedomBuilder

  📈 Carbon Farm is a high yield liquidity farming token & decentralized exchange with NFT marketplace on Solana Network. Friendly real world farming project. 🎁 Total Reward Pool : $220,000 CRB Giveaway for 30,000 Participants FCFS!!!✅ Increase your c...

CLAIM FREE FOX TOKEN

11 Aug 2021 1 minute read 0 comments Lexx010

  claim free fox token airdrops until october 2021.   Requirements: METAMASK   step guide on how to claim fox token: 1. Go to fox.shapeshift.com/airdrop  2. Paste in your Ethereum address or connect your metamask wallet   3. Click on Check Eligibil...

Learn about 1inch & earn $5 of 1INCH tokens - CoinMarketCap Earn quiz answers

16 Jul 2021 1 minute read 2 comments wantumeni

1inch "Learn & Earn" Campaign will run from July 16th to July 25th. What is 1inch? 1inch is a decentralized exchange (DEX) aggregator, connecting several DEXes into one platform to allow its users to find the most efficient swapping routes across al...

I Just Claimed 387$ Worth Airdrop From WallStreetBets!

3 Jul 2021 2 minute read 8 comments MakeItReal

Hello HODLers, Today started in such an amazing way for me because I just claimed the WallStreetBets (WBS) airdrop! I claimed 4.300 WSB, which at the current price (0,09$) are 387$ worth. So I would like to share my gratitude to the WallStreetBets c...