Types of decentralized exchanges

in Project HOPElast year

Greetings to all the readers of this great platform, especially to the readers of the great community of #ProjectHOPE, in the present opportunity I want to give continuity to the topics related to the DeFi decentralized economy systems, a few days ago I told you about the description of the DeFi systems and their components, in the present opportunity I want to share with you about the types of decentralized Eschangues.

Screenshot taken at: PixaBay

The decentralized Exchange, are known as the digital platforms that are referred to the decentralized economy, being this a free economy and with the use of smart contracts, this for the fulfillment of each of the transactions that are made in each of these platforms, which are traditionally known as DeFi platform, in addition these have different types of Exchange which have different characteristics.

First generation Exchange:

Although the platforms of the decentralized Eschangues, have been a little new in terms of the time that these have in the blockchain platforms, there are different versions of these Exchange, which is why they divided it by generations, as for the first of them, in which the investment made is part of a centralized economy, so it is risky to lose control of our money in this type of investment, hoping that the platform does not disappear, and these are known as first generation.

Second generation Exchange:

Continuing with the generations of Exchanges, we find the second generation Exchanges, it is in this generation so to speak, where the application of smart contracts for operations began, this with the purpose of being able to perform of automating the exchanges, as well as to perform it without third party intervention, already being a decentralized economy, you are not going to be able to dispose of these invested resources for a time, until the smart contract that was established is fulfilled.

Third generation Exchange:

This is considered as the most updated version of the Exchange generation, it is here where the decentralized Exchange are considered, since your resources are not sent to any platform, since we always have them at the moment we want to have them, and like the second generation, we have the use of smart contracts to carry out operations, and having these tokens immediately available, we can exchange at appropriate times of the market, or access to some type of exchange through the different platforms.

After being able to understand a little better about Exchange generations, I invite you to check a DeFi project, which you can understand a little better about it, also sponsored by our friend @xpilar, here I share the link of the project: https://woxdefi.app/.

All the images used by the Author @Chucho27 are Public Domain, in each one of them you can find the source of the image.

The image of the Banner at the bottom, is in the public domain obtained from: PixaBay


Hello @chucho27
Good post. It's a good way to see how this whole ecosystem has been evolving in a progressive way. It is excellent to be able to see it that way.
What I wonder is where we will get to with all these advances. I think there are many better things to come.

Hello friend @josevas217.

Really the advances have been very amazing, so it is possible that in the near future we will be able to observe new advances that may be even better, we just have to take into consideration that the platforms are advancing by leaps and bounds and we must be cautious.

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Hello friend @worldofxpilar.

Thank you very much for your support of my content.

Hello friend, excellent information, you can see all the progress that these projects have had. Surely in a short time we will see greater benefits. Greetings.

Hello friend Franyelis.

There really are many advances and every time the advances are faster and faster, so it is necessary to closely follow each of the projects that arise.

Thanks for elaborating on different decentralized exchanges the first generation exchange where users invest their fund which presents high risk is gradually becoming obsolete the new era where investors can control their fund either through staking or locking them up in DeFi platforms with the help of smart contract mechanism which is the third generation is a better approach for investing and securing our funds.

Hello friend.

It is very good that each of the readers managed to learn a little more about these projects, with which we want to share knowledge suitable for people who are part of the Blockchain, thank you for your comment.

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