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Topic: The DEX (Decentralized Exchange) Thread - page 2. (Read 24439 times)

legendary
Activity: 1778
Merit: 1009
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October 09, 2018, 01:11:51 AM
More focus should be for other blockchain platforms like neo, stellar, achain, NEM etc if they cant have a platform that can access all but also give advantage to more decentralized exchanges that can trade their tokens.
They may even drawn the attention of the community but it isn't enough for investors to have some addition for DEX, erc20 based token are still leading in DEXs and maybe the profit is more attractive for having it. I guess the above coins should have a MEW like wallet to attract more traders.

I'm quite surprised in bancor, like it took 2 years to develop and to roll in the market.

Yes, Exactly recently Binance CZ announced by the end of the year they are going to launch their own Decentralised platform which helps to launch ICO under their own blockchain. Soon Binance will be leading exchange which will help the nation to join their blockchain platform.

If so, i don't think it's a good way to lead the top exchange sites because probably the DEX will turn out with no volumes again like the others. Etherdelta was a good DEX last time, but it turns out into a trash EX site.

Still, it's better to list a project token in the binance's main platform to have a huge amount of volumes.

We play the role of a user and we do not care much about the convenience of applying it to us. In fact, many users do not know what decentralization is

Some people care about having a convenient exchange and also have a lot of volume. In fact, user knows a lot of decentralization because there are so many DEX that has been created in the crypto exchanges. Even the crypto currency is decentralized so I think they know a lot about it, but the disadvantages and advantages of being decentralized must know.
full member
Activity: 277
Merit: 101
October 08, 2018, 11:19:57 AM
We play the role of a user and we do not care much about the convenience of applying it to us. In fact, many users do not know what decentralization is
member
Activity: 700
Merit: 12
October 08, 2018, 01:48:55 AM
More focus should be for other blockchain platforms like neo, stellar, achain, NEM etc if they cant have a platform that can access all but also give advantage to more decentralized exchanges that can trade their tokens.
They may even drawn the attention of the community but it isn't enough for investors to have some addition for DEX, erc20 based token are still leading in DEXs and maybe the profit is more attractive for having it. I guess the above coins should have a MEW like wallet to attract more traders.

I'm quite surprised in bancor, like it took 2 years to develop and to roll in the market.

Yes, Exactly recently Binance CZ announced by the end of the year they are going to launch their own Decentralised platform which helps to launch ICO under their own blockchain. Soon Binance will be leading exchange which will help the nation to join their blockchain platform.
sr. member
Activity: 980
Merit: 294
October 07, 2018, 11:01:21 PM
More focus should be for other blockchain platforms like neo, stellar, achain, NEM etc if they cant have a platform that can access all but also give advantage to more decentralized exchanges that can trade their tokens.
They may even drawn the attention of the community but it isn't enough for investors to have some addition for DEX, erc20 based token are still leading in DEXs and maybe the profit is more attractive for having it. I guess the above coins should have a MEW like wallet to attract more traders.

I'm quite surprised in bancor, like it took 2 years to develop and to roll in the market.
legendary
Activity: 2971
Merit: 1271
October 07, 2018, 04:06:05 AM
Stellar X someone already tested? How do you like him?

not decentralized
member
Activity: 116
Merit: 10
October 06, 2018, 11:14:37 PM
Stellar X someone already tested? How do you like him?
hero member
Activity: 2464
Merit: 519
October 06, 2018, 09:40:56 AM
More focus should be for other blockchain platforms like neo, stellar, achain, NEM etc if they cant have a platform that can access all but also give advantage to more decentralized exchanges that can trade their tokens.
jr. member
Activity: 314
Merit: 6
September 18, 2018, 05:06:29 AM
Another DEX released by Ethfinex, which will utilize Ethfinex's and Bitfinex's order book to provide liquidity on the platform.

https://coincodex.com/article/2352/ethfinex-announces-ethfinex-trustless-platform/
member
Activity: 224
Merit: 10
August 04, 2018, 12:02:07 PM
Dex is the future of Cryptocurrency trading.  The whole idea of Cryptocurrency is about trust less transactions and p2p everything.  Regulation might restrict Cryptocurrency activities in the future,  but I believe Dex will come to the rescue.
newbie
Activity: 2
Merit: 0
August 04, 2018, 09:36:55 AM
I have some problem or concerns when using decentralized exchange. First, in using DEX they set minimum selling and buying amount which i think is not favorable to some users. Second, the security features in DEX is not so good in my opinion which is prone to hacking.

I always tend to prefer a DEX for executing my trades rather than a centralized one-I just have to spend some time searching for the DEX that has the token that I want and enough liquidity (I have my list of personal favorites). Regarding your first concern if you do proper research you can find a dex with a minimum deposit/withdrawl of 0.001 ether. As to your other concern, I always thought that a CEX was more prone to hacking than a DEX by definition! And increased privacy is always a plus! No KYC, no accounts required! My go-to DEXs are IDEX, EtherDelta, and Ethen!
newbie
Activity: 132
Merit: 0
I have some problem or concerns when using decentralized exchange. First, in using DEX they set minimum selling and buying amount which i think is not favorable to some users. Second, the security features in DEX is not so good in my opinion which is prone to hacking.
newbie
Activity: 98
Merit: 0
I trust somebody chooses the undertaking and creates it however, on the grounds that I believe it's extraordinary compared to other DEX ideas that have been distributed. I cherish Blocknet and other DEX that I think about is Internet of Coins. They are having ICO however one month from now. Likewise need to see an examination of their innovation included here also. Such a large number of terrible things happen when you don't generally check your interest in only one moment. Your venture offer might be all off-base. I additionally put resources into poloniex and I was extremely cautious on the grounds that A great deal of contentions and furthermore site issues. much thanks to you for observing
newbie
Activity: 196
Merit: 0
I quite agree that decentralized exchanges are the future. It gives the user the enablement to trade its tokens without registration. The user only needs to input his private keys and does his transactions. Trading with centralized exchanges comes with risks as anything can happen to the exchaange and if you have funds in it, you lose the funds as well
member
Activity: 462
Merit: 42
I have a quality share, I think the same thing. I read the entire article and I was informed. I wish everybody has plenty of money in this market.
legendary
Activity: 3276
Merit: 1029
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@Acura3600

Whoops, looks like you are right, I wasn't digging too much just read thru their first page. Decentralization is becoming the buzzword for crypto marketing...
Everything has mentioned about they are centralized but they don't even know about the meaning of the decentralized. The majority of the platform is using it to be the marketing purpose right now. The decentralized just a marketing word but the majority of people are still lack of knowledge about that.
sud
sr. member
Activity: 826
Merit: 301
@Acura3600

Whoops, looks like you are right, I wasn't digging too much just read thru their first page. Decentralization is becoming the buzzword for crypto marketing...
legendary
Activity: 2971
Merit: 1271
I guess https://altcoin.io is building decentralized exchange with cross chain swaps, using Ethereum plasma tech. I'm not familiar with how it works TBH, but here is more info about it - “Why we’ve chosen a Plasma-like sidechain solution for our DEX” https://blog.altcoin.io/why-weve-chosen-a-plasma-like-sidechain-solution-for-our-dex-97737ca46b86

I can say to you that altcoin.io is not decentralized - read there Privacy Terms ... They store your token on the blockchain, and then when you want to trade, they connect you with another individual who also has token stored on the blockchain. Then Altcoin.io perform an atomic Swap, removing the middlemen from the exchange process.

They store, they connect, how is that decentralized ?? They are still the middleman themselves.
This is marketing mambo jambo Cheesy !
Ref Links? Fully decentralized? Think again!


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full member
Activity: 630
Merit: 100
BISQ needs to be added to that list, it is a decentralised exchange with a nice selection of privacy coins. As anonymity is highly sought after in the crypto world you can bet that BISQ is going to succeed due to having a niche market without competition
member
Activity: 107
Merit: 10
I think that to develop a fully autonomous decentralized exchange, a link between the various blockchains is necessary. For example, a "Parachain (Parallel chain)" in the Polkadot project. When this project is implemented, maybe new solutions will appear.
sud
sr. member
Activity: 826
Merit: 301
I guess https://altcoin.io is building decentralized exchange with cross chain swaps, using Ethereum plasma tech. I'm not familiar with how it works TBH, but here is more info about it - “Why we’ve chosen a Plasma-like sidechain solution for our DEX” https://blog.altcoin.io/why-weve-chosen-a-plasma-like-sidechain-solution-for-our-dex-97737ca46b86
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