Hello everyone!
So right now I am in the beginning stages of commissioning the development of a decentralized exchange, where people will be able to trade Bitcoin, Monero, and DAI. It will have an off-chain order book and critically, it will be simple and easy to use - if you're familiar with using any of the mainstream exchanges, using this one will be easy. No messing around in the command prompt, downloading the blockchain, running local nodes, opening ports, or anything like that. If you can download and install my desktop application, you should have no problem getting this up and running.
It will use third-party nodes instead of centralized servers. (Unlike trading on the exchange, I imagine setting up one of these nodes will probably require above-average computer skills.)
We won't have the the private keys to any wallets holding customer funds, nor will the nodes.
If anyone has any questions or suggestions, or reasons why this won't work, please let me know. I'm very interested in getting feedback on this idea. And what I cannot figure out is why something like this doesn't exist already.
Thanks for reading this.
-Tim
Is this a solo project? If yes, then how experienced are you? What is an off-chain order book? I am not familiar with decentralized exchanges but recently I've been very interested in them because they promise freedom, ownership and anonymity. I've only tested Bisq and what I especially like about Bisq is that it automatically connects you to Tor and improves your anonymity. If you manage something similar in your product, that will be good.So right now I am in the beginning stages of commissioning the development of a decentralized exchange, where people will be able to trade Bitcoin, Monero, and DAI. It will have an off-chain order book and critically, it will be simple and easy to use - if you're familiar with using any of the mainstream exchanges, using this one will be easy. No messing around in the command prompt, downloading the blockchain, running local nodes, opening ports, or anything like that. If you can download and install my desktop application, you should have no problem getting this up and running.
It will use third-party nodes instead of centralized servers. (Unlike trading on the exchange, I imagine setting up one of these nodes will probably require above-average computer skills.)
We won't have the the private keys to any wallets holding customer funds, nor will the nodes.
If anyone has any questions or suggestions, or reasons why this won't work, please let me know. I'm very interested in getting feedback on this idea. And what I cannot figure out is why something like this doesn't exist already.
Thanks for reading this.
-Tim
Decentralized exchanges really lack good UI/UX because it's the least of their priorities but if you focus on that, I believe you'll attract many people. I'm a UI/UX designer myself and I like both websites' UI but I prefer Binance's UI/UX design.
