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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: ArkadiyDeliev on March 06, 2018, 04:09:57 PM



Title: DEX Discussion Thread
Post by: ArkadiyDeliev on March 06, 2018, 04:09:57 PM
        Since the previous topic seems to have stopped being updated, I decided to restart the discussion with an up-to-date list of DEXs.

        This thread is intended to track the development and features of DEXs. Feel free to bump the thread with updates or new projects. This is intended to be a neutral thread, but feel free to discuss the pros and cons of each implementation. Which design is the best, or is the best solution yet to come? What ideas (if any) do you have to improve the DEXs' designs? Do you know of any other DEXs in existence/development?

      (in alphabetical order)

      B&C Exchange
      • Status: Vaporware Dead Project?
      • Website: https://bcexchange.org
      • Forum: https://bitcointalk.org/index.php?topic=1033773
      • White Paper: https://bcexchange.org/assets/Blocks_&_Chains_Decentralized_Exchange.pdf
      • Powered by an autonomous network of multi-signature addresses
      • FIAT derivative
      Strengths:
      • No derivatives or IOUs (for cryptocurrencies)
      • FIAT IOUs

      BitBay
      • Status: Released
      • Website: https://bitbay.market
      • Forum: https://bitcointalk.org/index.php?topic=890531
      • Wallet: https://bitbay.market/downloads
      Strengths:
      • Working implementation
      • Fully decentralized peer to peer trading via atomic swaps
      • No derivatives, multi-signature gateways, or IOUs
      • Effectively, the DEX feature of BitBay is a decentralized version of LocalBitcoins
      • The only DEX that allows for FIAT/Crypto trading without gateways, derivatives, or IOUs
      Weaknesses:
      • To be updated once I have time to do more research and better analyze it...

      Bitshares
      • Status: Released
      • Website: https://bitshares.org
      • Forum: https://bitsharestalk.org
      • Wallet: https://wallet.bitshares.org
      Strengths:
      • Working implementation - the oldest and most established DEX
      • Commodity, FIAT, Equity, and Index-based derivatives are possible
      • Advanced user issued assets
      • Decentralized referral system
      Weaknesses:
      • Systematic risk of derivatives (optional)
      • Trusted third party risks of IOUs (optional)
      • Low volume and liquidity (although improving slowly)
      • Lack of development

      Bisq
      • Status: Released
      • Website: https://bisq.network
      • Forum: https://bisq.community
      • Wallet: https://bisq.network/downloads
      Strengths:
      • Working implementation - one of the oldest DEXs
      • Effortless listing via a Git pull request
      • Assets are stored on users' own wallets
      Weaknesses:
      • Java client
      • No web client
      • Low volume and liquidity

      Blocknet
      • Status: Released
      • Website: https://blocknet.co
      • Forum: https://bitcointalk.org/index.php?topic=829576
      Strengths:
      • Fully decentralized peer to peer trading (via atomic swaps)
      • No derivatives, multi-signature gateways, or IOUs
      Weaknesses:
      • You must download the entire blockchain of each coin you want to trade, have the wallets running, and configure the RPC username/pass*
      • Trading is only working on the command line and/or in the GUI

      BarterDEX
      • Status: Released
      • Website: https://komodoplatform.com/en/barterdex
      • Forum: https://bitcointalk.org/index.php?topic=1605144
      • Fully decentralized peer-to-peer trades via atomic swaps
      • Can access several different sources of liquidity, including: Nxt assets (including Multigateway coins) and centralized exchanges via API keys
      Strengths:
      • Working implementation
      • Fully decentralized peer to peer trading (via atomic swaps)
      • Optionally utilize centralized exchanges' APIs for additional market depth and liquidity
      Weaknesses:
      • You can only trade IOUs in the form of Nxt user issued assets
      • You must download the entire blockchain of each coin you want to trade, have the wallets running, and configure the RPC username/pass*

      CryptoBridge
      • Status: Released
      • Website: https://www.crypto-bridge.org
      • Forum: https://bitcointalk.org/index.php?topic=2015949
      • Wallet: https://wallet.crypto-bridge.org/?r=cryptobridge
      Strengths:
      • Working implementation - based on Bitshares
      • Commodity, FIAT, Equity, and Index-based derivatives are possible
      • Advanced user issued assets
      • Decentralized referral system
      Weaknesses:
      • Systematic risk of derivatives (optional)
      • Trusted third party risks of IOUs (optional)

      EtherDelta
      • Status: Released
      • Website: https://etherdelta.com
      • Forum: https://bitcointalk.org/index.php?topic=2018051
      Strengths:
      • Working implementation
      • Advanced user issued tokens on ethereum blockchain
      Weaknesses:
      • Only ERC-20 tokens
      • Lack of development


      ForkDelta
      • Status: Released
      • Website: https://forkdelta.github.io
      • Forum: https://www.reddit.com/r/ForkDelta
      Strengths:
      • Working implementation
      • Forked EtherDelta with the goal of fixing its issues
      Weaknesses:
      • Only ERC-20 tokens

      NEXT.exchange
      • Status: Released
      • Website: https://next.exchange
      • Forum: https://bitcointalk.org/index.php?topic=2535995
      Strengths:
      • Working implementation
      • Pool trading
      • Lots of developer funding
      • Instant ICO deployments
      • Cold and secure storage of funds
      • Community trading
      Weaknesses:
      • To be updated once I have time to do more research and better analyze it...

      Stellarport
      • Status: Released
      • Website: https://stellarport.io
      Strengths:
      • Working implementation
      • Hardware wallet support
      • Real time modern trading interface
      • Transactions average at 5 seconds
      Weaknesses:
      • To be updated once I have time to do more research and better analyze it...

      Waves
      • Status: Released
      • Website: https://wavesplatform.com
      • Forum: https://bitcointalk.org/index.php?topic=1387944
      • Wallet: https://beta.wavesplatform.com
      Strengths:
      • Working implementation
      • SPV wallet
      • Lots of developer funding
      • FIAT IOUs via gateways
      • Centralized order matching allows quicker trades
      • Utilizes gateways allowing deposit/withdrawal of real assets
      Weaknesses:
      • Centralized order matching and gateways make Waves more centralized than most other DEXs
      • You can only trade IOUs via gateways or other user issued assets

      * You will not have to download the entire blockchains once SPV nodes are made compatible. It is also possible to make a multi-coin SPV wallet so you don't have to download the blockchains, and you don't need to run several cryptocurrency's wallets separately.[/list][/list][/list]

      Code:
      6/3/2018: Added Stellarport
      7/3/2018: Added Bisq, CryptoBridge, EtherDelta, ForkDelta; removed nonuser-friendliness as a weakness of Blocknet


      Title: Re: DEX Discussion Thread
      Post by: JuniAiko on March 06, 2018, 04:14:25 PM
      Don't forget Stellar Port DEX :D

      https://stellarport.io/


      Quote
      Features

      Stellar Performance
      Stellarport is a portal to the Stellar Blockchain. When you use Stellarport, you gain Stellar's unmatched security, reliability and performance.

      Lightning Speed
      Contrary to other blockchains, the stellar blockchain network settles transactions in an average of 5 seconds (and a maximum of 10 seconds).

      Hardware Wallet
      Stellarport supports hardware wallets. Trade, send payments and more directly from your connected hardware wallet with total security!

      Modern Trading Interface
      With Stellarport you can interface directly with the stellar blockchain using the modern trading interface you know and love.

      Account Management
      With Stellarport you can view your account profile, history, assets and open offers as well as send payments to you acquaintances with the click of a button.

      Real Time
      Stellarport's trading interface is real time. As you trade you will see the trades that you and others have executed on the stellar blockchain, all in real time.

      Lowest Fees
      Trading fees are super low. We only charge takers 0.15% - on Stellarport, makers trade entirely for free.

      Secure
      Stellarport never takes your secret key. When you use Stellarport, you sign your transactions privately and keep your peace of mind.

      Truly Global
      The Stellar blockchain is global and so is Stellarport. Transacting on Stellarport is transacting all around the globe.


      Title: Re: DEX Discussion Thread
      Post by: JNR on March 06, 2018, 04:24:45 PM
      why you didn't listed etherdelata and forkdelta , and new decentralized exchange called cryptobridge
      i think all of that exchange are decentralised not centralised  ;)


      Title: Re: DEX Discussion Thread
      Post by: auliahr on March 06, 2018, 04:37:16 PM
      of its many decentralized exchanges available today, I just love wavesdex. for me wavesdex is easy to understand, its friendly interface and can be used in smartphone.


      Title: Re: DEX Discussion Thread
      Post by: Agamemnus on March 06, 2018, 04:46:10 PM
      Out of these I only know of blocknet and it has a beautiful user interface, I don't know why you said negative about the UI. It has got an amazing UI. Also dex are going to be the future and the faster we accept them the better for the crypto future.


      Title: Re: DEX Discussion Thread
      Post by: B1tUnl0ck3r on March 06, 2018, 04:49:49 PM
      great topic ! pivx devs are building too a dex integrated in the wallet with zpiv (the anonymized pivx)... will be interesting field to watch ! thanks for your review.


      Title: Re: DEX Discussion Thread
      Post by: sylance on March 06, 2018, 04:53:56 PM
      Thank you for putting this together!  I hope this is the year decentralized exchanges take off.  I believe Circle (backed by Goldman-Sachs) is the first move into purchasing exchanges from the banks.  Once banks get their hands on exchanges then regulations and high fees are sure to follow.

      What we need are super private coins and decentralized exchanges... then we no longer have to worry about government bans.


      Title: Re: DEX Discussion Thread
      Post by: B1tUnl0ck3r on March 06, 2018, 04:57:39 PM
      Thank you for putting this together!  I hope this is the year decentralized exchanges take off.  I believe Circle (backed by Goldman-Sachs) is the first move into purchasing exchanges from the banks.  Once banks get their hands on exchanges then regulations and high fees are sure to follow.

      What we need are super private coins and decentralized exchanges... then we no longer have to worry about government bans.

      or like pivx, discrimination by poloniex because they backed only dash... and they know that pivx is better. But who cares, ultimately it has incentivized the pivx devs to build the decentralized exchange integrated in the wallet :).

      Anyway btc brought 24/7 trading, the next step is decentralized exchanges... real disruption or the real web 2.0 and not those centralized censored systems...


      Title: Re: DEX Discussion Thread
      Post by: ArkadiyDeliev on March 06, 2018, 08:43:24 PM
      Don't forget Stellar Port DEX :D

      https://stellarport.io/


      Quote
      Features

      Stellar Performance
      Stellarport is a portal to the Stellar Blockchain. When you use Stellarport, you gain Stellar's unmatched security, reliability and performance.

      Lightning Speed
      Contrary to other blockchains, the stellar blockchain network settles transactions in an average of 5 seconds (and a maximum of 10 seconds).

      Hardware Wallet
      Stellarport supports hardware wallets. Trade, send payments and more directly from your connected hardware wallet with total security!

      Modern Trading Interface
      With Stellarport you can interface directly with the stellar blockchain using the modern trading interface you know and love.

      Account Management
      With Stellarport you can view your account profile, history, assets and open offers as well as send payments to you acquaintances with the click of a button.

      Real Time
      Stellarport's trading interface is real time. As you trade you will see the trades that you and others have executed on the stellar blockchain, all in real time.

      Lowest Fees
      Trading fees are super low. We only charge takers 0.15% - on Stellarport, makers trade entirely for free.

      Secure
      Stellarport never takes your secret key. When you use Stellarport, you sign your transactions privately and keep your peace of mind.

      Truly Global
      The Stellar blockchain is global and so is Stellarport. Transacting on Stellarport is transacting all around the globe.
      Just added it! Seems very interesting indeed, although I am quite a big critic of Stellar Lumens. I guess I wouldn't use this as my DEX of choice because of the underlying technology but hey, that's what free choice is for ;)


      Title: Re: DEX Discussion Thread
      Post by: ArkadiyDeliev on March 07, 2018, 12:54:00 PM
      why you didn't listed etherdelata and forkdelta , and new decentralized exchange called cryptobridge
      i think all of that exchange are decentralised not centralised  ;)
      Added! I have no idea how I forgot about those :P
      Have you also heard about OpenLedger? How do you think it compares to CryptoBridge?


      Title: Re: DEX Discussion Thread
      Post by: ArkadiyDeliev on March 07, 2018, 04:57:57 PM
      great topic ! pivx devs are building too a dex integrated in the wallet with zpiv (the anonymized pivx)... will be interesting field to watch ! thanks for your review.
      Do you have any links? I can't seem to find anything concerning a PIVX DEX. In fact, I never really researched PIVX, so I have no idea :P


      Title: Re: DEX Discussion Thread
      Post by: cdb1690 on March 07, 2018, 06:43:34 PM
      If you have EtherDelta you could also add:
      0x project and Kyber for ERC-20 tokens
      NEX for NEP tokens only (this is not released yet)


      Title: Re: DEX Discussion Thread
      Post by: justin86 on March 07, 2018, 07:00:36 PM
      I like bisq, waves and forkdelta. But I always face some problems and feel not comfortable when using them. I think oax exchange has potential to be better than these dexs.


      Title: Re: DEX Discussion Thread
      Post by: jondel on March 08, 2018, 01:19:22 AM
      I sometimes use idex.market. I wonder what is your reason not include idex.market on your list. Maybe your opinion can be useful for me.


      Title: Re: DEX Discussion Thread
      Post by: 99th on March 08, 2018, 01:24:20 AM
      FORKDELTA - Strengths:
      Works Great on a Mobile device
      Has every token possible



      ETHERDELTA - WEAKNESS:
      Sucks on a mobile device
      API issues



      Title: Re: DEX Discussion Thread
      Post by: Bagorrr on March 08, 2018, 02:01:20 AM
      There will be some promising DEX projects in near future. I think hibrid DEX have more chances to become most popular


      Title: Re: DEX Discussion Thread
      Post by: B1tUnl0ck3r on March 08, 2018, 03:24:56 PM
      If there is one million different dex, how will there ever be trade? it's like the torrent protocol, if everyone tries to develop his own incompatible version how to find peers?


      Title: Re: DEX Discussion Thread
      Post by: Edward Finney on March 08, 2018, 03:26:50 PM
      No mention of 0X? I think they'll be a fantastic decentralised exchange once regulators step up their game


      Title: Re: DEX Discussion Thread
      Post by: B1tUnl0ck3r on March 08, 2018, 03:29:10 PM
      No mention of 0X? I think they'll be a fantastic decentralised exchange once regulators step up their game

      the goal is to wipe "regulators" and their conflicts of interests and others scams and the costs they generate, by passing them completely once the ruling platforms emerge.

      The only shitty issue, is the money laundering and all those issues about terrorism... If you DEX who knows who is on the other side of the trade... and then they come... "you financed al-cia-da and end up in indefinite detention somewhere, maybe even in black site for the rest of your lives, while those having put you there will collect their checks and fuck their "wives".


      Title: Re: DEX Discussion Thread
      Post by: rbt on March 08, 2018, 08:36:11 PM
      You forgot to include IDEX on your list of decentralized exchanges (idex.market). You can transact only ERC20 tokens on IDEX, but it has very good trade volume, bigger than most of the exchanges you mentioned ($5,3 million today, according to CoinMarketCap and I remember seeing it to over 8 million). I never used so far, but I successfully used EtherDelta in the past - even if it had that outdated user interface.


      Title: Re: DEX Discussion Thread
      Post by: ArkadiyDeliev on March 09, 2018, 09:57:28 AM
      No mention of 0X? I think they'll be a fantastic decentralised exchange once regulators step up their game

      the goal is to wipe "regulators" and their conflicts of interests and others scams and the costs they generate, by passing them completely once the ruling platforms emerge.

      The only shitty issue, is the money laundering and all those issues about terrorism... If you DEX who knows who is on the other side of the trade... and then they come... "you financed al-cia-da and end up in indefinite detention somewhere, maybe even in black site for the rest of your lives, while those having put you there will collect their checks and fuck their "wives".
      This is actually a very important point. The only way to develop a DEX and stay safe is to be anonymous in the process.


      Title: Re: DEX Discussion Thread
      Post by: Shoostah on March 11, 2018, 04:13:15 PM
      No mention of 0X? I think they'll be a fantastic decentralised exchange once regulators step up their game

      the goal is to wipe "regulators" and their conflicts of interests and others scams and the costs they generate, by passing them completely once the ruling platforms emerge.

      The only shitty issue, is the money laundering and all those issues about terrorism... If you DEX who knows who is on the other side of the trade... and then they come... "you financed al-cia-da and end up in indefinite detention somewhere, maybe even in black site for the rest of your lives, while those having put you there will collect their checks and fuck their "wives".
      This is actually a very important point. The only way to develop a DEX and stay safe is to be anonymous in the process.
      Or just live in Switzerland ::)


      Title: Re: DEX Discussion Thread
      Post by: sarojan9980 on March 11, 2018, 04:21:26 PM
      Now a days so many decentralized exchangers are there. ethhdelta, waves, bitcoinpay, so many are there no need to worry today. what are you thinking about idex exchange. now it is also addede so many altcoins. ok it is also good only


      Title: Re: DEX Discussion Thread
      Post by: Shoostah on March 11, 2018, 04:24:04 PM
      Now a days so many decentralized exchangers are there. ethhdelta, waves, bitcoinpay, so many are there no need to worry today. what are you thinking about idex exchange. now it is also addede so many altcoins. ok it is also good only
      Seems to be down currently :P


      Title: Re: DEX Discussion Thread
      Post by: jakelyson on March 11, 2018, 04:35:10 PM
      Now a days so many decentralized exchangers are there. ethhdelta, waves, bitcoinpay, so many are there no need to worry today. what are you thinking about idex exchange. now it is also addede so many altcoins. ok it is also good only

      Still buggy and always on maintenance because the nodes are delayed. But I still trade there sometimes taking advantage of the large gap between buy and sell orders of some coins. Upside, the admins are very helpful. They response very fast on the live chat. But they remove the live chat (which is a bummer), but they still response in telegram.


      Title: Re: DEX Discussion Thread
      Post by: Shoostah on March 11, 2018, 04:38:40 PM
      Now a days so many decentralized exchangers are there. ethhdelta, waves, bitcoinpay, so many are there no need to worry today. what are you thinking about idex exchange. now it is also addede so many altcoins. ok it is also good only

      Still buggy and always on maintenance because the nodes are delayed. But I still trade there sometimes taking advantage of the large gap between buy and sell orders of some coins. Upside, the admins are very helpful. They response very fast on the live chat. But they remove the live chat (which is a bummer), but they still response in telegram.
      I trade a lot on OpenLedger and recently started using CryptoBridge. Very interested in BarterDEX. Atomic swaps are the future!


      Title: Re: DEX Discussion Thread
      Post by: jereh988 on March 11, 2018, 04:44:32 PM
      I think that's a lot of people need to talk about because it requires a lot of noise to get things that are very high.


      Title: Re: DEX Discussion Thread
      Post by: Shoostah on March 11, 2018, 04:56:59 PM
      I think that's a lot of people need to talk about because it requires a lot of noise to get things that are very high.
      The noise will come from the future centralized exchange hacks.


      Title: Re: DEX Discussion Thread
      Post by: ArkadiyDeliev on March 17, 2018, 11:39:01 AM
      I think that's a lot of people need to talk about because it requires a lot of noise to get things that are very high.
      The noise will come from the future centralized exchange hacks.
      Or these centralized exchanges will follow what Binance is doing and switch to a decentralized model.


      Title: Re: DEX Discussion Thread
      Post by: ThatsABity on March 17, 2018, 11:43:11 AM
      Exscudo bèta will launch monday.

      Can become one of the best decentralized exchanges (compliant with EU regulations). https://exscudo.com/


      Title: Re: DEX Discussion Thread
      Post by: ArkadiyDeliev on March 18, 2018, 08:56:27 PM
      Now a days so many decentralized exchangers are there. ethhdelta, waves, bitcoinpay, so many are there no need to worry today. what are you thinking about idex exchange. now it is also addede so many altcoins. ok it is also good only

      Still buggy and always on maintenance because the nodes are delayed. But I still trade there sometimes taking advantage of the large gap between buy and sell orders of some coins. Upside, the admins are very helpful. They response very fast on the live chat. But they remove the live chat (which is a bummer), but they still response in telegram.
      I trade a lot on OpenLedger and recently started using CryptoBridge. Very interested in BarterDEX. Atomic swaps are the future!
      Atomic swaps are indeed the future! Nonetheless, what's so special about CryptoBridge compared to OpenLedger? To me, they seem very similar, but I think I'm missing something.


      Title: Re: DEX Discussion Thread
      Post by: B1tUnl0ck3r on April 01, 2018, 05:07:16 PM
      No mention of 0X? I think they'll be a fantastic decentralised exchange once regulators step up their game

      the goal is to wipe "regulators" and their conflicts of interests and others scams and the costs they generate, by passing them completely once the ruling platforms emerge.

      The only shitty issue, is the money laundering and all those issues about terrorism... If you DEX who knows who is on the other side of the trade... and then they come... "you financed al-cia-da and end up in indefinite detention somewhere, maybe even in black site for the rest of your lives, while those having put you there will collect their checks and fuck their "wives".
      This is actually a very important point. The only way to develop a DEX and stay safe is to be anonymous in the process.

      Free !!!

      I tried a lot of DEX, I think that a lot try to embedded their own cryptochain in the process which I find cumbersome, others need a website (lol to decentralized) and some are quite expansive (bisq).


      Title: Re: DEX Discussion Thread
      Post by: ArkadiyDeliev on August 02, 2018, 02:05:34 PM
      No mention of 0X? I think they'll be a fantastic decentralised exchange once regulators step up their game

      the goal is to wipe "regulators" and their conflicts of interests and others scams and the costs they generate, by passing them completely once the ruling platforms emerge.

      The only shitty issue, is the money laundering and all those issues about terrorism... If you DEX who knows who is on the other side of the trade... and then they come... "you financed al-cia-da and end up in indefinite detention somewhere, maybe even in black site for the rest of your lives, while those having put you there will collect their checks and fuck their "wives".
      This is actually a very important point. The only way to develop a DEX and stay safe is to be anonymous in the process.

      Free !!!

      I tried a lot of DEX, I think that a lot try to embedded their own cryptochain in the process which I find cumbersome, others need a website (lol to decentralized) and some are quite expansive (bisq).
      How is Bisq expansive? It seems quite minimal from my point of view. I do agree with you on chain embedding, in my opinion it is simply unnecessary. If something doesn't need a chain, why make a chain?


      Title: Re: DEX Discussion Thread
      Post by: bitcoin8x on August 05, 2018, 09:31:36 PM
      No mention of 0X? I think they'll be a fantastic decentralised exchange once regulators step up their game

      the goal is to wipe "regulators" and their conflicts of interests and others scams and the costs they generate, by passing them completely once the ruling platforms emerge.

      The only shitty issue, is the money laundering and all those issues about terrorism... If you DEX who knows who is on the other side of the trade... and then they come... "you financed al-cia-da and end up in indefinite detention somewhere, maybe even in black site for the rest of your lives, while those having put you there will collect their checks and fuck their "wives".
      This is actually a very important point. The only way to develop a DEX and stay safe is to be anonymous in the process.

      Free !!!

      I tried a lot of DEX, I think that a lot try to embedded their own cryptochain in the process which I find cumbersome, others need a website (lol to decentralized) and some are quite expansive (bisq).
      How is Bisq expansive? It seems quite minimal from my point of view. I do agree with you on chain embedding, in my opinion it is simply unnecessary. If something doesn't need a chain, why make a chain?
      Unfortunately, most projects only use blockchain to use it as a keyword in their marketing campaigns.