Decentralized Exchange Software
Decentralized
exchanges (DEX) will never store traders funds in a third party
wallet & the traders have full decision making authority to
manage their funds with high security. The highlight of a
decentralized exchange is it never allows the inconveniences that we
face in traditional centralized exchange. The entire system runs
based on atomic swapping and smart contract system.
Crypto
Soft India always forecast the future trends of cryptocurrency
industry Hence we found decentralized
exchanges are the most promising business model of future. To
bring this innovative business model to live, we provide completely
secured decentralized exchange script and software. The script which
we develops supports atomic swapping technology, which will help to
trade two entirely different cryptocurrencies under an unique
decentralized smart
contract.
What
is the difference between a Centralised & Decentralized Exchange?
In
a centralised exchange: Whenever a transaction of Crypto happens, a
third party needs to be involved ( most probably the Exchange itself
). All the cryptocurrency used is stored inside the parent wallet of
the exchange itself. This makes the exchange extremely un-secure and
prone to hacks. The owner of the exchange needs to invest significant
amount of time and money in maintaining the security. Also since
every transaction is executed by the files present in the exchange >
the owner of the exchange needs to spend money on maintaining a good
server infrastructure.
Eg:
Binance, CEX.io etc.
In
a Decentralised Exchange: Every transaction happens on the fly,
directly between the wallets of the respective users. The underlying
smart contract defines the entire transaction in a safe and secure
manner. Since no cryptocurrency
is stored on any centralised servers > No need to worry about
security. Also the entire exchange runs on the browser of the user (
via. JS ). So, just any normal server is more than required to host
the entire exchange and make it run in Super speed.
Eg:
EtherDelta, Waves Dex etc.
Top
3 reasons to run a Decentralized Exchange:
Very
Less Expense running cost:
Unlike a centralised exchange, you don’t need to spend a fortune on
running a sophisticated server (as everything runs on the customers
browser). No need to spend huge on security ( as all crypto are
stored on the users wallet directly ). You Set it up & The
exchange just keeps automatically under minimal server
specifications.
Very
High Recurring revenue:
Every time a transaction happens > you earn Crypto that gets
transferred to your Wallet automatically. You can configure the
commission percentage per transaction on your smart contract.
Users love it:
Since there is NO OTHER fee associated with each transaction (except
the minimal fee you setup), users love to transact on decentralised
exchanges. FYI: EtherDelta charges 0.03 % fee and handles 4 million
transactions per day!
Thanks
for reading our Content. To know more about our Services, kindly
Visit our Website:
Crypto
Soft India
1/124,
DLF IT Park Rd, Ramapuram, Chennai,
Tamil
Nadu 600116,
+91
6385108373.
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