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. 


OpenOcean: Lowest Slippage Ever

19 Aug 2021 2 minute read 0 comments RitabeII

Introduction More exchanges are coming up these days with amazing problem-solving ideas, each with their network, mode of operation and their native coin and some with outrageous gas fees. Traders both great and small have been limited to buying a pa...

Super dooper DEFI crypto show following Poly Network’s after hack episodes

17 Aug 2021 4 minute read 0 comments Greenchic

  What an entertaining crypto show - a glimpse into these Poly Network after hack episodes What a crypto show, although unintended. I am talking about last week’s biggest DEFI crypto thrift event in history, yes, the 600$ million hack of the Poly Ne...

SundaeSwap Live Demo (August 19th) - Latest News about the upcoming Cardano DEX

17 Aug 2021 2 minute read 2 comments CryptoTjark

Hey Humans,You already know I like Cardano and the projects that surround it. One of the most exciting projects for me personally is SundaeSwap. With the launch of Smart Contracts after the Alonzo Hard Fork, SundaeSwap is also going live with their s...

E&S Token Review: PancakeSwap (CAKE)

16 Aug 2021 2 minute read 3 comments MikeZillo

Hello Publish0x community and welcome back in this new article of my “Easy & Short Cryptocurrencies Made Accessible” area. With this article we are going to introduce the 20th cryptocurrency of this section with the 42nd “E&S” article. Today we will...

Breaking down paradigms in DeFi: DexKit, the Swiss Army Knife of DEXs.

16 Aug 2021 4 minute read 0 comments Paraguanads

Finding the best offer by exchanging my cryptocurrencies was always an odyssey for me, and more so when I had to do it quickly to issue a fast payment for a service or consumable good. Referring to exchange tokens on the Ethereum network, Uniswap ear...

CEX vs DEX which is more profitable?

15 Aug 2021 1 minute read 0 comments Suerte Panda

Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!) When I was a precocious lad I had an opportunity to visit the floor of the New York Stock Exchange. Back then it was a beautiful mess of financ...

Why ApeSwap DEX might be the Best Decentralized Exchange on BSC

15 Aug 2021 3 minute read 1 comment Edward Moon

Decentralized exchanges have come a very long way in a very short period of time. Only a few short years back, they were considered unreliable due to low liquidity, and the matter of their functionality was brought into question time after time. Howe...

Keep an eye on these Cardano projects leading up to September 12th

15 Aug 2021 3 minute read 8 comments ChildOfTheMany

As I'm sure most of you know already, Charles Hoskinson recently announced the arrival date of smart contracts on the Cardano blockchain, set for September 12th. This is a huge announcement for anybody that's been participating in the ADA ecosystem f...

🔥 Raydium AMM on Solana Blockchain || Learn, Trade, Follow, Refer & Earn RAY

12 Aug 2021 1 minute read 1 comment FreedomBuilder

  ✅ Raydium is airdropping a total of $100,000 worth of RAY to airdrop participants who complete simple tasks. Connect your Solana wallet, make a swap and complete simple social tasks. 📌 RAY is listed on Binance the 10th August 2021, as the first pro...

Get Paid For Having Your Portfolio Rebalanced with the Balancer Protocol

11 Aug 2021 1 minute read 2 comments 2sats

*obligatory not financial advice* What is Balancer? Balancer is a decentralized exchange with an unique feature that allows you to automatically rebalance your portfolio while earning interest with it. The reason why this is awesome is because tradit...