Topic: Ppl are rushing towards the ever evolving arbitrum block chain (Read 212 times)
I think DEX and CEX have their advantages. Some people think that DEX is the best because it has openness and full control by the owner. But if there is someone who is very smart to manipulate the asset owner or there is a hacker who hacks the DEX system then it will be a big disaster for the owner because the assets they own are completely under their responsibility. Whereas CEX usually has a deposit insurance institution for customers which is a little safer because all financial systems and flows are controlled by a group.
Oscar Swap, which is based on Arbitrum, is one example of a DEX that is working to improve upon the existing decentralized exchange model. By leveraging Arbitrum's scalability and speed, Oscar Swap is able to offer faster and more efficient transactions at lower fees, making it a potentially attractive option for traders and investors.
I have been seeing a lot of posts about Arbitrum not just in this forum but on other platforms as well. It seems that the marketing has been very effective for this project. Of course, we cannot rule out the fact that it has a great use case as well which draws in more people towards it. Most of the airdrop receivers of this project didn't or won't even sell cheap any time soon due the benefits of just holding this coin. Which is also great for the price and development of this coin in the long run. Just a small warning for the ones who get to read this though, don't over invest on a single coin regardless of hype. Always be cautious!
I just don’t see any long term future with the other as it looks like a meme token to me, you have to be lucky if you invested on a good project during the early stage.
Surely some considered this only with the profits they could gain or milk from it. Everyone wants to earn and be early cause being first always have the advantage and its normal that they leave right after profited from it. Thats how a wise person would think, except with the real long term project which has potential but we can really differentiate it from low quality one. 
Many meme coins created there and valued quite high, moreover the airdrop was never ending like stated by many above.
This the only thing that keeps arbitrum blockchain alive I guess, but there are other blockchain gonna be released in the future.
I wonder if arbitrum could even hold their candle against these since these implements newer technology.
This the only thing that keeps arbitrum blockchain alive I guess, but there are other blockchain gonna be released in the future.
I wonder if arbitrum could even hold their candle against these since these implements newer technology.
the airdrop was massive, even after airdrop ended there are still many airdrops that eligibility follows arbitrum's so I think this the reason their ecosystem grows so fast.
moreover, it was among the most massive airdrops ever, so of course many will use their blockchain.
moreover, it was among the most massive airdrops ever, so of course many will use their blockchain.
oscar is based on Arbitrum that ensures less fee and high speed transactions. It is the fusion of all the emerging systems like Dex and arbitrum in crypto to produce better results.
Theres plenty of dex that arises from the arbitrum era but we shouldnt trust anything that arent completely stable. A lot of dex resurface just to scam others with the liquidity and thats not gonna be easy for everyone.l leaving their fund easily stolen by these greedy developers.Do you have any proof that it has potential and has legit team?
In as much as I really like decentralised exchanges and so excited about it and the protection and control it gives the user, the truth remains that centralised exchanges will always have more adaption now and in the future, and like i keep telling people though some might not like it, If crypto is to attain wider adaptions, centralised exchanges will really play a huge part, No country want to deal with faceless people moving millions and billons, Centralised exchanges are needed so that funds to be tracked to the owner incase of fraud or money laundry or terrorism financing etc
Dex has brought a drastic change in the world of crypto. It has played a significant role in uplifting the crypto economy by developing trust among users. By ensuring security and safety It has almost replaced cex. If the Dex exchange continue, crypto will emerge as the most powerful economic tool in the world in the coming years. FTX victims and many other who deposited their money in hope of return and got nothing from cex platform in different projects are case in point. But there is always ray of hope in the darkness and this time we have oscar swap with its unique version of dex. oscar is based on Arbitrum that ensures less fee and high speed transactions. It is the fusion of all the emerging systems like Dex and arbitrum in crypto to produce better results.
So, this is another ad for Oscar swap? Other dexes are already using arbitrum, and have been way before Oscar swap, and other DEXes offer other layers and blockchains as well as arbitrum. And Oscar swap uses only Arbitrum which is a weak selling point and doesn't offer anything unique. Also CEX and DEX offer different services so they are not comparable really. 
In theory, yes, but in practice, not yet. There are many disadvantages and shortcomings in Dex, in addition to missing many of the features of Cex.
I use Dex but I suffer from slippage and price Impact where it is very high for some coins, plus many important coins are not in Dex.
I use Dex but I suffer from slippage and price Impact where it is very high for some coins, plus many important coins are not in Dex.
i'm not going to jump into trusting a single DEX platform without further research. Oscar swap, as you said, is quite secure and reliable, in my opinion, it's just nonsense, because it's not based on a solid foundation and moreover, doesn't the average scam DEX platform offer something similar? like the security and reliability of their platform? therefore it is a bit difficult nowadays to be able to trust a DEX platform, let alone a newcomer like Oscar Swap.
And to rub more salt on your wound as a not an arbitrum airdrop receiver, there continuous airdrops from different projects for all those who receive the arbitrium airdrop. It becomes very frustrating missing out on this project.
The hype for arb network is huggee even after the airdrop the network just keeps growing. As layer 2 project scaling eth, i believe more project will come to the network. so we might just be seeing the beginning of great things to come.
The hype for arb network is huggee even after the airdrop the network just keeps growing. As layer 2 project scaling eth, i believe more project will come to the network. so we might just be seeing the beginning of great things to come.
Dex has brought a drastic change in the world of crypto. It has played a significant role in uplifting the crypto economy by developing trust among users. By ensuring security and safety It has almost replaced cex. If the Dex exchange continue, crypto will emerge as the most powerful economic tool in the world in the coming years. FTX victims and many other who deposited their money in hope of return and got nothing from cex platform in different projects are case in point.
It's true that DEX is better than CEX, but did you know that saving money (altcoins staking) on DEX also has quite a big risk? do you know about some exploit cases on DEX? It's real and it really happens, mate. So, it's all about decisions, both CEX and DEX have their pros and cons. If it's only for storing assets, you're better off using your own non-custodial wallet.
But there is always ray of hope in the darkness and this time we have oscar swap with its unique version of dex. oscar is based on Arbitrum that ensures less fee and high speed transactions. It is the fusion of all the emerging systems like Dex and arbitrum in crypto to produce better results.
Sorry, I don't really follow the development of the ecosystem in Arbitrum, but, what's unique about Oscar DEX? if it's just about low transaction fees and also transaction speed, we already had this before at Quickswap (Polygon Ecosystem).
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
Did you think dex was actually decentralized? It's also centralized. DEX was also being controlled by the developers behind it. Once the regulators sued the dev behind the dex and it will be the end for the dex. The dex will comply with the regulation.
Remember that so many dex were also getting hacked by the hackers. That proves that if dex is not even safe at this time. The only safe place to keep your money in your hand. Think about that.
Having so many dex didn't mean crypto become even stronger.
Remember that so many dex were also getting hacked by the hackers. That proves that if dex is not even safe at this time. The only safe place to keep your money in your hand. Think about that.
Having so many dex didn't mean crypto become even stronger.
Crypto now seems a lot slower than it should have. It has a pretty good margin, but at the same time there is a certain level of trust (high liquidity, low liquidity) at it that it has some advantages and disadvantages. There are two possibilities here, either one could gain more benefits from an exchange or an exchange would provide better customer base. Either way, it is clear why it is a good choice and why we should not panic but be careful.
decentralized exchange could always coexist with centralized ones, each have their own quirk and advantage, favouring one over the other i'd say is not wrong behaviour but honestly if we can have both of them it's fine.
there are certainly some of the swap platform that got breached as well as some of exchange that got collapsed, each have their own disadvantage.
Decentralized exchange exist for a long time now but they haven't got received a massive support from the public last bull market knowing that there are not that many decentralized exchange and it's a bit inefficient to use it knowing that CEX provide greater features and has a user friendly environment compared to DEX. Since there are many new to crypto currency, People want to use a platform that can easily be used at the same time doesn't cost that much fee on using it. As we progress and CEX are being attacked with issues and scandals such as hacking and integrity, People are now considering DEX and all we need to have now is an efficient to use DEX that can go toe to toe with CEX capabilities. there are certainly some of the swap platform that got breached as well as some of exchange that got collapsed, each have their own disadvantage.
decentralized exchange could always coexist with centralized ones, each have their own quirk and advantage, favouring one over the other i'd say is not wrong behaviour but honestly if we can have both of them it's fine.
there are certainly some of the swap platform that got breached as well as some of exchange that got collapsed, each have their own disadvantage.
there are certainly some of the swap platform that got breached as well as some of exchange that got collapsed, each have their own disadvantage.
DEX in altcoins projects are mostly less decentralized, it's wrong if you say using DEX will prevent from hack incident like FTX because DEX in altcoins are still holding your money, they're not work through P2P. When you're want to trade your coins, you're not trade with the other user, but you're trade with the company. There are several risks you can lose your money in altcoins e.g. vulnerable exchange, scam pools, low security network etc.
honestly there has been many dexes across various l2, even in optimism there's already so many, arbitrum is the same, so actually these swap platform aren't such revolutionary thing if another pops up, i'd say their fee if compared with the swap platform in ethereum main blockchain, definitely have huge difference in term of money wasted, whereas with few swaps you could spend hundred of dollars just for fee alone had you not used the l2, but the thing is, the bridging cost that's still humongous in converting ethereum in main blockchain to the arbitrum blockchain even optimism, I think that's the only thing that holds many from switching blockchain even also still hesitant to use ethereum in general.
You are overestimating them, not all of them are really enthusiastic at all. Whether it's from arb chain or with the others, there will always be the problem that shall pop from these dexes.
And this is the reason why cexes are used more than the dexes. But, we do want to see the emergence of dexes instead of cexes but then, there's the security issue that we get to see everytime from majority of them.
And this is the reason why cexes are used more than the dexes. But, we do want to see the emergence of dexes instead of cexes but then, there's the security issue that we get to see everytime from majority of them.
Jump to: