Topic: If DEX is so obvious ! (Read 247 times)
a DEX is basically a privacy focused market where you got control your funds and the exchange basically just lends a platform. Dex likes SwitchDex focus on the aspect of privacy and security, making sure nobody can track your information, being based in Antigua and Barbuda they are inmune to the US sanctions and regulations, that DEX also allows everyone to list any altcoin without the need of paying for listing, finally ending the exchanges monopoly.
I have a few questions -
1) Why is it taking so long and why have all of the majors moved to DEX?
2) will there still be hacks on a DEX?
3) who is the major DEX right now?
now dex is an alternative choice because it is relatively easy if the token enters dex, and dex binary or idex becomes one of the exchanges that is currently used as a goal because the dex is already known by many people 1) Why is it taking so long and why have all of the majors moved to DEX?
2) will there still be hacks on a DEX?
3) who is the major DEX right now?
While it is hard to hack funds in a decentralised exchange for the simple fact that the funds do not exist inside the decentralised exchange, like in the case if Etherscan, we have seen attacks on servers that enabled hackers to be able to see the private keys of users in the exchange. I think the major decentralised exchanges right now is Binance DEX and IDEX, ofcourse almost all the major blockchains has their own decentralised exchanges too.
Any dex that does not allow my complete access and management of myriad fund, I do not regard such as dex, that is why I prefer forkdelta, idex for etherium tokens and Binance dex for Binance tokens
I have a few questions -
3) who is the major DEX right now?
3) who is the major DEX right now?
Probably Binance DEX - https://coinmarketcap.com/exchanges/binance-dex/ with $6,849,474 USD because IDEX only has $847,259 USD in volume.
https://coinmarketcap.com/exchanges/idex/
Binance DEX is the best at this time in my opinion. Many new tokens have chosen Binance DEX compared to IDEX, since KYC began to apply enthusiasts began to decrease and volume began to decline
I have a few questions -
3) who is the major DEX right now?
3) who is the major DEX right now?
Probably Binance DEX - https://coinmarketcap.com/exchanges/binance-dex/ with $6,849,474 USD because IDEX only has $847,259 USD in volume.
https://coinmarketcap.com/exchanges/idex/
the possibility that DEX cannot be hacked is different from a centralized exchanger that is very vulnerable to hacking. what I know is that the biggest DEX is owned by BINANCE DEX and secondly IDEX.market
I have a few questions -
3) who is the major DEX right now?
3) who is the major DEX right now?
Probably Binance DEX - https://coinmarketcap.com/exchanges/binance-dex/ with $6,849,474 USD because IDEX only has $847,259 USD in volume.
https://coinmarketcap.com/exchanges/idex/
well, but the fact there is no major decentralized exchange for now,
because a lot of people still choose centralized exchange to trade cryptocurrency my friend
but, i believe in the future dex will replce cex
At the moment seems like binance is winning the Dex race too because its recently launched dex is already outperforming other dexs in terms of volume, some other good dexsi have used are forkdelta and idex.
I have a few questions -
3) who is the major DEX right now?
3) who is the major DEX right now?
Probably Binance DEX - https://coinmarketcap.com/exchanges/binance-dex/ with $6,849,474 USD because IDEX only has $847,259 USD in volume.
https://coinmarketcap.com/exchanges/idex/
DEX is the proper exchange that should have gone along with the decentralized nature of cryptocurrency but we simply ignored the system for Centralized exchange which is till so much making waves.
Agreed, it should have gained more acceptance among cryptocurrency enthusiasts, then it probably would have had more liquidity, and would have been a target for new projects as listing is practically free.
They also offer a high level of security.
Any case of hack or loss is most likely down to users' error.
The trades on DEXes take place in the smart contract and they are not so easy to hack as a regular exchange. But a DEX like EtherDelta now could have bugs which could result in the loss of funds. The Etherdelta site loads just fine but the exchange does not seem to be working because an update for a dew months ago never worked.
DEX is the proper exchange that should have gone along with the decentralized nature of cryptocurrency but we simply ignored the system for Centralized exchange which is till so much making waves.
So I don’t really know what you mean by major moving to Dex, the only exchange that I see starting to consider DEX is Binance and maybe one other exchange that I cannot remember, which Binance probably introduced after they were hacked and I think it is a way to further secure their users and company by creating DEX because it is actually impossible for any hacker to hack a DEXexchange except maybe the users is loosed with his or her security exchange, but because of too many connections involved in a DEX, it becomes impossible to be hacked.
So I don’t really know what you mean by major moving to Dex, the only exchange that I see starting to consider DEX is Binance and maybe one other exchange that I cannot remember, which Binance probably introduced after they were hacked and I think it is a way to further secure their users and company by creating DEX because it is actually impossible for any hacker to hack a DEXexchange except maybe the users is loosed with his or her security exchange, but because of too many connections involved in a DEX, it becomes impossible to be hacked.
I have a few questions -
1) Why is it taking so long and why have all of the majors moved to DEX?
2) will there still be hacks on a DEX?
3) who is the major DEX right now?
Major DEX is binance dex, as far as i know there was no case that happens to the hot wallet of dex majority the hacked cases of dex were happening with the DNS hijacked or phishing site. 1) Why is it taking so long and why have all of the majors moved to DEX?
2) will there still be hacks on a DEX?
3) who is the major DEX right now?
There will be no hacks on a dex that related to the hot wallet hijacked.
Designing a DEX certainly takes a long time, because DEX is very different from ordinary exchange so that with DEX exchange users will be easier to use existing features, and hacking questions depend on each security system used, because a hacker also has knowledge the high so that all possibilities can still occur, and DEX is the first to exist if I think personally is binance, if I haven't searched for others.
Dex exchange is start to leaving from investor because the big exchange Dex that is IDEX become scam.
That is start dex market is have a bad tittled and any coin moving out from it.
The major coin dex is i think BNB.
That is start dex market is have a bad tittled and any coin moving out from it.
The major coin dex is i think BNB.
I have a few questions -
1) Why is it taking so long and why have all of the majors moved to DEX?
2) will there still be hacks on a DEX?
3) who is the major DEX right now?
1) Why is it taking so long and why have all of the majors moved to DEX?
2) will there still be hacks on a DEX?
3) who is the major DEX right now?
1) Due to regulators, FATF regulations will be more strict.
2) Probably not, you will have to hack smart contract and that is not as easy as 1 server/website.
3) Binance DEX, IDEX, WavesDEX.
About the second question the truth is that existing DEX are still not entirely descentralized and there are ways in which they can be attacked. For example, being web based, they can be victims of a DNS hack. However, it's much easier to hack a centralized exchange.
I have a few questions -
1) Why is it taking so long and why have all of the majors moved to DEX?
2) will there still be hacks on a DEX?
3) who is the major DEX right now?
1) Why is it taking so long and why have all of the majors moved to DEX?
2) will there still be hacks on a DEX?
3) who is the major DEX right now?
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