Binance demonstrated its decentralized exchange - page 2.

Palider

hero member

Activity: 1273

Merit: 507

Quote from: Tipstar on August 13, 2018, 07:35:15 PM

Binance's CEO, CZ demonstrated the highly anticipated decentralized exchange of binance which uses the BNB token as gas on a video.
The exchange looks to have a barebone GUI already as he compiled it from a GIT. Still it's a huge improvement towards a DEX people trust.

https://www.youtube.com/watch?v=9R9LrKgL__A

This is a good update for binance, im hoping that binance's dex will fix all issues regarding existing dex. This is why I really want some of my coins be listed in binance since the management there is really active towards what is needed by the community.

steve_rogers321

newbie

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Most crypto enthusiast want decentralized exchanges. Although most people use centralized exchange, they’ll learn about DEX’s use in the next few months. DEX ensures more safety and anonymity. Binance is already a trusted exchange on the market and probably the number one. So trader will be happy to move to their DEX exchange without any doubt.

goldencrypto7100

newbie

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The fact that DEX is anonymous, is what has managed to get the attention of the people. And the majority would like it to remain this way.

Nalbo

full member

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That was cloning and building of the git.
And from the video, we can expect a clean and simple interface to trade with and the fees to be used would be BNB which would enable to trade between any two coins among sellers and buyers

butka

full member

Activity: 434

Merit: 246

Good news for binance and good news for every crypto enthusiast really. Also very interesting video to watch.

It's all command prompt commands for now, but I suppose the front end (user interface) is easy to make once you have a fully functional back end code.

The guy in the video says they delivered the first version of the exchange code one or two months earlier than planed. So hopefully we will have a fully operational DEX soon.

Yudhisthir

full member

Activity: 1065

Merit: 103

We badly needs a proper dex and I believe Binance's dex would change the standard of online crypto dex as Binance did redefined the standard for crypto exchange.
Currently dex are characterized by slower transaction, higher fees and difficult GUI, hope binance's dex would solve them all.

kipozer

member

Activity: 490

Merit: 11

All this is very cool, but still I do not think that now you can already talk about it seriously. Probably in the future Binance can really do something good, but so far I see nothing except prototypes.

santaluis88

newbie

Activity: 26

Merit: 0

This is an indispensable trend, because of the transaction focus of the floor and the monopoly hold the coin of the customer. A lot of hacking, floor trading floor trading, investors now do not believe in trading platform. Emerges the need for trading places and protects your own assets

SoliDCoiNs777

newbie

Activity: 112

Merit: 0

DEX does have a goodwill in the market, even if the one behind it is anonymous. The people in the market does have high hopes from this.

Hct2005

newbie

Activity: 108

Merit: 0

People will always like DEX to remain anonymous and we will always have control on our own asset. We never know what will happen to centralized exchange that is why it is always good to have a safety net in place.

Tipstar

sr. member

Activity: 1932

Merit: 300

Binance's CEO, CZ demonstrated the highly anticipated decentralized exchange of binance which uses the BNB token as gas on a video.
The exchange looks to have a barebone GUI already as he compiled it from a GIT. Still it's a huge improvement towards a DEX people trust.

https://www.youtube.com/watch?v=9R9LrKgL__A

Topic: Binance demonstrated its decentralized exchange - page 2. (Read 207 times)