Atomic Swaps or Decentralized Exchanges?

[pooya87]

When you say paying network fees, do you mean paying to the miners?

Yes.

Isn't most of bitcoin #hashrate, over 50% of it is based in China that is not globally equally shared.

No it is not. You are confusing mining pools with miners. There are some mining pools with HQs in China and servers oversees and there are miners from all around the world connecting to those pools increasing the hashrate that pool represents.

From your argument that means bitcoin is not truly decentralized right because the Chinese communist government can take over the mining farms there correct and do a 51% attack against the Bitcoin network?

No, there isn't any mining farm that has even remotely close to that amount of hashrate.

[Bttzed03]

~
Do you know how many nodes Ethereum has and is it the matter of the more nodes there's is in a network the more decentralize it is?

About 10K+ nodes according to ethernodes.org

BitTorrent P2P network has millions of global users connected to each other. Can we say everyday torrent users that are just downloading the latest movies are nodes of the torrent network?

I've little knowledge about this. Sorry but can't help you.

Lastly do you know if BSC in the future plan to increase the node count to more than 21? Because 21 nodes is too low and can be easily taken over by hackers or government because its a small amount to take over the network.

I don't know if they have plans to increase. They are probably not as worried from external attacks as you are because they control all the 21 validator nodes.

They are open for candidates to become a validator though https://docs.binance.org/smart-chain/validator/guideline.html

[zasad@]

I'm probably guessing that the Binance "DEX"[1] is the biggest? But yea, they're mostly more of non-custodial than "decentralized", because they're definitely not decentralized. "DEX" is unfortunately more of a marketing term. No KYC as far as I know though.

Following up next down the list, I'm pretty sure Uniswap[2] is the second biggest. Obviously, no BTC because everything will be ERC20 tokens, and take note that the gas fees on ETH are tremendous.

[1] https://binance.org/
[2] https://uniswap.org/

Sorry for the newbie question but I cant seem to see Binance Dex in the list below:
https://www.coingecko.com/en/dex

Can I trade erc20 tokens on the Binance chain to save on fees? Is there like a emulation or hybrid or virtual machine service for eth erc20 token on binance smart chain to save on gas fees or the only way in the future is Eth tokens/erc20 projects convert their coins/projects to native binance smart chain tokens if somehow Eth 2.0 launch is screwed up or delayed?

Wrapped bitcoin is erc20 bitcoin right?

If you are interested in bitcoins on the Ethereum network, then study my 2 topics

Decentralized Tokenized BTC
https://bitcointalk.org/index.php?topic=5290331

Decentralized bitcoin trading
https://bitcointalk.org/index.php?topic=5290331

You carry out any interactions with the binance blockchain through this bridge.
https://www.binance.org/en/bridge
For me personally, Binance Chain is the same Binance, only without the KYC.
There are big problems with decentralization, but in terms of speed and commissions, it is better than Ethereum.

Lets say for example bitcoin hits 100k and I have 1 whole bitcoin to sell in a decentralize way.

How much would the gas fee be when I tokenize convert that 100k bitcoin, will the gas fee be high like 10k or something?

After tokenized conversion or wrapping up that 1 btc, then I have to pay gas fees again on the decentralize exchange if I sell it for stable coins? So how much much approx I will lose in fees when selling a 100k btc in a time when Eth network is busy?

Is there a video guide on how to do this on the BSC for cheap fees? Has there been known cases of BSC freezing your crypto because you say BSC is same as normal centralized Binance except KYC meaning BSC is not really decentralized right?

Lastly how does your way compared to Bisq, is it better, more liquidity and cheaper?

Is there a tokenized BSC bitcoin?

Learn to use gastracker
https://etherscan.io/gastracker
The DAI smart contract does not have the ability to block coins, I wrote about other stablecoins here
https://bitcointalk.org/index.php?topic=5247581
You want to save 3 cents, and I'm talking about decentralization and the importance of maintaining control over your money.

If you want to trade on BSC, then use the bridge
https://www.binance.org/en/bridge
Next, use the analogs of uniswap in the BSC network,
https://julswap.com/#/swap
https://exchange.pancakeswap.finance/#/swap

[very_452001]

Which atomic swap service is the best out there that allows you to sell your popular common crypto's for dai?

Are decentralized exchanges same as atomic swaps?

Decentralized exchange out there are totally not the same as atomic swap/Binance Dex cause DEX exchange allow people to perform exchange of crypto currency without surrender the control of crypto to any exchange or swap service provider which is not what atomic swap executes.

Do both of these services have to comply with tax regulations and KYC? If not then can governments ban them or shut them down?

No, they (genuine decentralized exchange) operate independently.

Which is the best decentralized exchange out there?

Uniswap
Mdex
Pancakeswap
Vitex
You can check coingecko for there list

Theres earlier posts in this thread that say DEX's are Atomic Swaps because DEX use Atomic Swap service but now you mentioned they are both different services 

Just to confirm Atomic Swaps are Centralized or Decentralized?

I'm probably guessing that the Binance "DEX"[1] is the biggest? But yea, they're mostly more of non-custodial than "decentralized", because they're definitely not decentralized. "DEX" is unfortunately more of a marketing term. No KYC as far as I know though.

Following up next down the list, I'm pretty sure Uniswap[2] is the second biggest. Obviously, no BTC because everything will be ERC20 tokens, and take note that the gas fees on ETH are tremendous.

[1] https://binance.org/
[2] https://uniswap.org/

Sorry for the newbie question but I cant seem to see Binance Dex in the list below:
https://www.coingecko.com/en/dex

Can I trade erc20 tokens on the Binance chain to save on fees? Is there like a emulation or hybrid or virtual machine service for eth erc20 token on binance smart chain to save on gas fees or the only way in the future is Eth tokens/erc20 projects convert their coins/projects to native binance smart chain tokens if somehow Eth 2.0 launch is screwed up or delayed?

Wrapped bitcoin is erc20 bitcoin right?

If you are interested in bitcoins on the Ethereum network, then study my 2 topics

Decentralized Tokenized BTC
https://bitcointalk.org/index.php?topic=5290331

Decentralized bitcoin trading
https://bitcointalk.org/index.php?topic=5290331

You carry out any interactions with the binance blockchain through this bridge.
https://www.binance.org/en/bridge
For me personally, Binance Chain is the same Binance, only without the KYC.
There are big problems with decentralization, but in terms of speed and commissions, it is better than Ethereum.

Lets say for example bitcoin hits 100k and I have 1 whole bitcoin to sell in a decentralize way.

How much would the gas fee be when I tokenize convert that 100k bitcoin, will the gas fee be high like 10k or something?

After tokenized conversion or wrapping up that 1 btc, then I have to pay gas fees again on the decentralize exchange if I sell it for stable coins? So how much much approx I will lose in fees when selling a 100k btc in a time when Eth network is busy?

Is there a video guide on how to do this on the BSC for cheap fees? Has there been known cases of BSC freezing your crypto because you say BSC is same as normal centralized Binance except KYC meaning BSC is not really decentralized right?

Lastly how does your way compared to Bisq, is it better, more liquidity and cheaper?

Is there a tokenized BSC bitcoin?

Learn to use gastracker
https://etherscan.io/gastracker
The DAI smart contract does not have the ability to block coins, I wrote about other stablecoins here
https://bitcointalk.org/index.php?topic=5247581
You want to save 3 cents, and I'm talking about decentralization and the importance of maintaining control over your money.

If you want to trade on BSC, then use the bridge
https://www.binance.org/en/bridge
Next, use the analogs of uniswap in the BSC network,
https://julswap.com/#/swap
https://exchange.pancakeswap.finance/#/swap

Do you know if Coinbase can freeze/block USDC stable coin in USDC wallets?

Okay the bridge will allow erc20 Eth tokens to be traded for cheaper fees on the BSC?

[moderator's note: consecutive posts merged]

[zasad@]

I'm probably guessing that the Binance "DEX"[1] is the biggest? But yea, they're mostly more of non-custodial than "decentralized", because they're definitely not decentralized. "DEX" is unfortunately more of a marketing term. No KYC as far as I know though.

Following up next down the list, I'm pretty sure Uniswap[2] is the second biggest. Obviously, no BTC because everything will be ERC20 tokens, and take note that the gas fees on ETH are tremendous.

[1] https://binance.org/
[2] https://uniswap.org/

Sorry for the newbie question but I cant seem to see Binance Dex in the list below:
https://www.coingecko.com/en/dex

Can I trade erc20 tokens on the Binance chain to save on fees? Is there like a emulation or hybrid or virtual machine service for eth erc20 token on binance smart chain to save on gas fees or the only way in the future is Eth tokens/erc20 projects convert their coins/projects to native binance smart chain tokens if somehow Eth 2.0 launch is screwed up or delayed?

Wrapped bitcoin is erc20 bitcoin right?

If you are interested in bitcoins on the Ethereum network, then study my 2 topics

Decentralized Tokenized BTC
https://bitcointalk.org/index.php?topic=5290331

Decentralized bitcoin trading
https://bitcointalk.org/index.php?topic=5290331

You carry out any interactions with the binance blockchain through this bridge.
https://www.binance.org/en/bridge
For me personally, Binance Chain is the same Binance, only without the KYC.
There are big problems with decentralization, but in terms of speed and commissions, it is better than Ethereum.

Lets say for example bitcoin hits 100k and I have 1 whole bitcoin to sell in a decentralize way.

How much would the gas fee be when I tokenize convert that 100k bitcoin, will the gas fee be high like 10k or something?

After tokenized conversion or wrapping up that 1 btc, then I have to pay gas fees again on the decentralize exchange if I sell it for stable coins? So how much much approx I will lose in fees when selling a 100k btc in a time when Eth network is busy?

Is there a video guide on how to do this on the BSC for cheap fees? Has there been known cases of BSC freezing your crypto because you say BSC is same as normal centralized Binance except KYC meaning BSC is not really decentralized right?

Lastly how does your way compared to Bisq, is it better, more liquidity and cheaper?

Is there a tokenized BSC bitcoin?

Learn to use gastracker
https://etherscan.io/gastracker
The DAI smart contract does not have the ability to block coins, I wrote about other stablecoins here
https://bitcointalk.org/index.php?topic=5247581
You want to save 3 cents, and I'm talking about decentralization and the importance of maintaining control over your money.

If you want to trade on BSC, then use the bridge
https://www.binance.org/en/bridge
Next, use the analogs of uniswap in the BSC network,
https://julswap.com/#/swap
https://exchange.pancakeswap.finance/#/swap

Do you know if Coinbase can freeze/block USDC stable coin in USDC wallets?

Okay the bridge will allow erc20 Eth tokens to be traded for cheaper fees on the BSC?

I don’t know if Coinbase can do it, but maybe they know someone who can do it.
Bitcoin is valuable only because no country or organization in the world can block transactions or coins.

I prefer Ethereum Based Layer2 AMM DEX
https://zks.app/en/wallet
https://medium.com/zkswap/ethereum-based-layer-2-amm-dex-zkswap-has-completed-its-mainnet-deployment-will-officially-launch-8be17d23cc77

[hulla]

Which atomic swap service is the best out there that allows you to sell your popular common crypto's for dai?

Are decentralized exchanges same as atomic swaps?

Decentralized exchange out there are totally not the same as atomic swap/Binance Dex cause DEX exchange allow people to perform exchange of crypto currency without surrender the control of crypto to any exchange or swap service provider which is not what atomic swap executes.

Do both of these services have to comply with tax regulations and KYC? If not then can governments ban them or shut them down?

No, they (genuine decentralized exchange) operate independently.

Which is the best decentralized exchange out there?

Uniswap
Mdex
Pancakeswap
Vitex
You can check coingecko for there list

Theres earlier posts in this thread that say DEX's are Atomic Swaps because DEX use Atomic Swap service but now you mentioned they are both different services 

Just to confirm Atomic Swaps are Centralized or Decentralized?

Now I understand what you are because the question you asked on the is so confusing cause we have a wallet called atomic swap which is custodial wallet and I thought you're referring to the wallet when you said "Are decentralized exchanges same as atomic swaps?" so you need to clarify your statement or else people will still misunderstand you.
Atomic swap is the method used by DEX to perform there exchange activities and it does not support centralization.

[very_452001]

What's this hack in the news now on BSC?

[Bttzed03]

What's this hack in the news now on BSC?

If you are talking about what happened to Pancakeswap, it's a DNS hijacking. During the attack, anyone who would access the official website will be redirected to a fake/scam website. Users that have been redirected were asked to provide their seed phrase again in order to access their account. Needless to say, those who gave it were f*cked.

Pancake swap team were able to regain access but there's another platform (CreamFinance) who failed to do so and were forced to deploy another website. edit: creamfinance regained access as well.

[wiss19]

Which atomic swap service is the best out there that allows you to sell your popular common crypto's for dai?

Are decentralized exchanges same as atomic swaps?

Do both of these services have to comply with tax regulations and KYC? If not then can governments ban them or shut them down?

Which is the best decentralized exchange out there?

I think they are all good, these two platforms has lots of people that are making use of them, you just have to consider the choice to make use of based on what your needs are. But one thing for sure is that the both of them are legit and good platforms to make use of.

You have to go through them and consider the differences and also based on what you want to be trading, BTC to ERC20 tokens or BTC to fiat, it all varies, just go through all these things and then decide for yourself the one that’s going to work for you. It’s just like we have Coinbase and Binance as two top centralized exchanges, there are people who would choose Coinbase over Binance due to one reason or the other, same as the other way round.