Topic: Decentralized Exchanges - page 17. (Read 3372 times)

Yeah, I just know idex etherdelta waves and bancor. Didn't expect that decentralized exchange is so many had released and published.

Merits for the effort into compiling all of these.

I did not know there is that much decentralized exchange by now.
There is one problem though, most of them do not have the volume.
Selling and buying are mostly done now with those popular exchanges. Most of them are centralized.

So who will put those decentralized exchange back in the frontlines. We can, but are we really going to put that effort to make them known?
I just know IDEX, Etherdelta and Waves.

It is good to have a DEX having these features. TPS is one of the qualities traders and investors look out for when investing or using any coin or exchange.
I am looking forward to its lunch and will look into it for those features. After which I will update it on the list.

This is more reason they needed a lot of awarenesses and trust. So many centralizer exchanges started with no or low volume, even the ones we see as being big today.

Stakenet DX will be a DEX to keep an eye on that is coming very soon. The DEX will utilise their Lightning Swap technology for instant order fulfilment. This give it the speed of a centralised exchange with the safety of a DEX by keeping your assets in your wallet under your control at all times right up until the moment the trade is completed.  

It will run directly from their new Multicurrency Light Wallet which that itself is pretty interesting. With the new wallet their Masternode network will hold all of the relevant blockchains so the wallet does not need too. This makes it lightweight and fast as it doesn't have to download and sync loads of data so can be used from any device including mobile. It signs transaction via Lightning Invoices.

Their DEX will also be entirely hosted by their MN network which currently has nearly 2000 nodes. All fee's generated by the DEX are also paid back to the MN holders for an additional income stream giving holders incentive to run the DEX. Frank Amato is working with them on the design and features to ensure it is fully featured with everything you would expect from an exchange and some features that have not yet been done before on a crypto exchange.

The cool thing about the DEX is that it is part of their plans for cross-chain payments via Lightning Swaps to enable instant payments using any crypto to any retailer where BTC is accepted. So if a shop accepts BTC you can now pay using LTC, ETH or your favourite crypto and it will be instantly converted to BTC for the retailer via a Lightning Swap facilitated by the DEX.

Their plans include utilising stablecoins like USDC for retailer adoption as a trusted stable coin has a much higher chance of adoption because it is not as volatile as something like BTC so more likely for retailers to accept it. So using the above example you can go into a shop and it comes to $10 you can pay using any crypto and that is instantly converted to $10 USDC for the retailer via the Lightning Swap. USD is pretty much accepted worldwide especially in developing nations but it can be hard to get hold of and can be expensive to move. Utilising something like USDC removes this barrier as it can be moved quickly and easily.

The Lightning Swap tech is complete and they already have it running on mainnet so anyone can try it but it's a bit techy so they have been condensing all that backend work into a simple "one click" solution for the new wallet so it is simple for everyone to use. They recently collaborated with the Litecoin Foundation to bring Litecoin up to speed on Lightning Network as well.

Here is a good article about the wallet/DEX:

https://medium.com/stakenet/multi-currency-wallet-and-lightning-swaps-stakenet-solution-7d0dafe99105

You did a very good job on the article, thank you. I believe that all new technologies are useful in different areas where they are used. As I like decentralized exchange, especially I was attracted to the exchange Binance , and as you know it is one of the main exchanges in our time.

This is one of the best threads I have ever come across. Thanks to the author for a meaningful post like this.
I did not know there are so much decentralized exchanges as this, not until I came across this thread. Although, there might not yet be much awareness and volume on them, but the more people get to know about them, the more their popularity.
They are of very much importance, most especially now that we are getting news of centralized exchanges being hacked and funds being stolen, just like the case of cryptopia.

I use several decentralized exchanges but... in my experience, such exchanges are most often subject to hacking, despite this, I have a favorite exchange IDEX I almost always use this exchange because it is very convenient. but today such exchanges have many disadvantages. and developers need to work on it.

I'm always using DEX when it's possible because of the exchange model.
The problem is that most of the DEX in your list have no volume at all and are useless. I think we will need to wait for another year or two until wee see a really useful DEX, line when Binance or other of the Big names start their on DEX.

It's a good introductory thread on DEXs, but in relation to lack of liquidity, centralized exchanges had the same problem in the beginning! I remember that Bittrex was not much until the middle of the year 2017, for example and we do not yet have 100% versions of DEXs, maybe this is the reason for lack of liquidity, CryptoBridge for example, will have a gateway federation, when this happens, the whole concept of lack of liquidity will disappear.

Dex exchanges tend to have really small profit but the exchanges requires little resource anyway. No need to provide customer support or anything, just provide the website andnthe server and the community will automatically trade bu themselves.

Lack of demand that low liquidity, whatever they will try and then centralized exchange site will always become the main choice. Some of them were crap dex. They will never evolve into a better exchange site.
I have experience with a few dex from the list and they are all garbage exchange sites.

Thanks a lot for your useful information I did add some of the decentralized exchanges you mentioned that I never heard of before to my list to be used in the future. I just want to add that using decentralized exchanges is a good approach but not necessary and not always safe, I have lost a lot of money in decentralized exchanges before so decentralized exchanges are not meant to be used blindly people still need to make some research one any decentralized exchange before starting using it.

Great work. This list is very helpful. I've read recently that the real profit from 0x exchange (only their comission) is very small, almost over 3000$. Also Binance will open their dex platform for all users soon.

I also think especially when binance has imposed restrictions on some countries, I think decentralized exchanges should be well appreciated as this is best for the entire cryptocurrency market

Cool work. Actually it's one of the best threads I've ever seen. I hope it's not a plagiarism. Take my merit and keep doing that well. I've never thought there are so many DEXes around, because I use a very few of them and only when I'm forced to do so.

for me the main decentralized exchange is forkdelta because there you can find a diamond very cheap

Man just take my damn Merit lol, this is one of the best BitCointalk threads i'd love to see.
Decentralization is indeed is all what crypto is about, without it it can be called cryto haha.
Love the fact that you mentioned these Dex ones because it's the first time for me to know about some exchanges that i heard about the first time.
Great job you made man, keep this coming.

Great work, it worth some merits for sure. You can add one more DEX based on bitshares - crypto-bridge.org. It doesn't have big volume and there are a lot of shitcoins, but still it's DEX))

You can read the disadvantages part to know why its not very popular and most importantly it is not much user friendly and have enough trading volume to cover up the trades in minimum time.