INTRODUCING EASYDEX IN CRYPTOCURRENCY: A CONTENT FOR ALTRUISTIC WRITING CONTEST

in #easydex7 years ago

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EasyDex is the most easiest means, in which everyone can trade and manage your portfolio!!! On the Worlds largest Decentralized Exchange.
The review I show is that, EasyDex will change the whole crypto World due to the answers provided by the platform. The EasyDex Exchange will combine a change of services like fiat and crypto bridge services, as we call them Bridging your Funds
Cryptocurrency exchanges in the sphere today. By now, you’ve probably used at least one altcoin. Or you’re just starting out and you’ve only used Coinbase to buy/sell Bitcoin, or perhaps you’ve tried trading altcoins on Binance? Or you found yourself on Steemit, joined a contest and received some STEEM/SBD. Maybe you landed on a discord server, then won a lottery, or joined a hangout and received some gifted PBtoken, (another shameless plug) Well, if so, you had to get a Bitshares ID to collect your rewards/winnings. Now you find yourself with some cryptocurrency, what's next? You read the “Pink Report” and get “Aware” https://bitshares.org

Exchanges are incredibly important to move/trade cryptocurrencies — after all, they are the process that allows you to buy/sell cryptocurrencies and tokens to each other. Just like most things within the cryptocurrency Wordl, there have been new innovations made with cryptocurrency exchanges within the past two years. The main innovation that this report will focus on is, the creation of decentralized exchanges. like EasyDex, (shameless plug).
More specifically, this Pink Report will provide the following information:
Creation of decentralized exchanges.

Decentralized exchanges are?
Why decentralized exchanges matter?
Four decentralized exchanges that you can use today, EasyDex, (Had to Plug)
Limits and downsides of decentralized exchanges.

Decentralized exchanges?

To understand what decentralized exchanges are, it’s very important to first understand what it means for an exchange to be centralized (CEX). A centralized exchange is one in which a central entity figure manage’s a person’s capital and private keys, and facilitates (third party) trading between users.
Centralized exchanges have more volume than decentralized exchanges because:

Decentralized exchanges are still new, and so they are still fixing some “growing pains” (which I’ll focus on later). Meanwhile, many centralized exchanges (CEX) have had time to fix their issues.
With centralized exchanges it is not necessary to understand what a private key is in order to trade tokens on the centralized exchange, or to send tokens. Decentralized exchanges require users to be aware of MetaMask (were applicable) and private keys, as well.

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Examples of popular centralized exchanges include Coinbase, Binance, and Poloniex. And many more of course.
A decentralized exchange (DEX), on the other hand, provides users with the ability to move/trade cryptocurrency on a distributed ledger — all while allowing the (CEX) to control their private keys and funds. There is no middleman/intermediary, and the smart contracts for the (DEX) are open source so they can be reviewed and verified. There is not a single or central entity that controls users’ funds. This puts the power back into the hands of the users of the exchange, not the owners of the (DEX).
Examples of decentralized exchanges include OpenLedger, Rudex, Bitshares and EasyDex and of course many more (DEX’s)
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