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Topic: DEx.top-A new decentralized exchange with security,instant trading,& low gas fee (Read 157 times)

sr. member
Activity: 1337
Merit: 288
0xbt
COINTELEGRAPH:
New Protocol to Enable Transfers between
Bitcoin and Ethereum Blockchains


Quote
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The open-source technology is known as the Open Federated Gateway Protocol,
or OFGP for short. It has been developed by iBitcome and DEx.top, and the first
federated blockchain to be built using this protocol is launching on Wednesday,
 Oct. 24. Known as Mallow, it is accompanied by a block explorer which enables
users to examine the flow of assets and check up on transactions whenever they
please.
<.....>
“A new digital asset trading and storage experience”

According to iBitcome, its collaboration with the DEx.top, a decentralized exchange,
provides “security and transparency” because transactions are settled on the blockchain.
The partnership also paves the way for trading on the move and through smartphones, as
the exchange can be accessed directly from the crypto wallet. The startup’s website adds
that instant transactions are possible thanks to a mechanism known as ROC – which is
short for Replayed On Chain.
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newbie
Activity: 12
Merit: 0
We are DEx.top a decentralized exchange built on blockchain smart contract. We are the first decentralized exchange that utilizes ROC mechanism (Replayed on Chain).

Things We Promise:

Your funds are secure

Your deposits directly go to the smart contract https://github.com/dexDev/DEx.top, and your orders are signed by your private key. The smart contract ensures that your orders are executed or expire correctly and that withdrawals from your balance always go back to your wallet. DEx.top has no custody of or access to your funds, nor your private key. It is just a service of order matching and a source of liquidity. Don't trust the words - read the code https://github.com/dexDev/DEx.top.

Instant Trading

Order placing, canceling, matching and executing are all instant - no waiting for blockchain confirmation. It is made possible by our RoC (Replayed-on-Chain) mechanism: trading actions are confirmed on the off-chain ledger of DEx.top at first, and then asynchronously sent to the blockchain for settlement. The action sequence will be "replayed" by the smart contract to produce exactly the same trading history.

Less Gas, More Features

DEx.top smart contract is heavily optimized for gas cost efficiency. It uses bit-compaction to minimize the amount of input data and the size of contract state. It supports batch processing which can significantly reduce the amortized gas cost of trade execution (see our gas cost chart https://github.com/dexDev/DEx.top/blob/master/smart-contract/dextop-gas-cost.md). No gas cost for unfilled orders. Cost reduced, not the features - DEx.top smart contract supports IOC Order, Checked Order Expiration, Hard Order Cancellation, Fee Rebates and much more.

Our website https://dex.top/home

For people interested in more of our technical aspects click here https://d36en8nmg6d5az.cloudfront.net/DEx.top+Technical+White+Paper+20180422.pdf
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