Developing Decentralized Exchange Development
Decentralized exchange platforms are a way to trade cryptocurrencies without having any centralized control. They emerged at the forefront when the centralized exchanges could not address some of the real challenges. They eliminate the need for an intermediary like Coinbase or Bitstamp, and institutionalized (centralized) exchanges because they offer truly peer-to-peer transactions, which can only be done on this type of decentralized platform. They use smart contracts that automate processes such as order matching and transactions between users of this decentralized marketplace – all while being transparent enough so you know what’s going on at every step in your purchase process!
Money can be sent online seamlessly without any centralized control. In addition, these DEX services also help in carrying on trade between two different cryptocurrencies thanks to the close regulation by Smart contract triggers. Their peer-to-peer nature and smart contract based triggering system ensure that trades are executed efficiently without any institutional involvement or control over the transaction process from either side. As these platforms operate on smart contracts instead of traditional ones, they’re fast and transparent, helping businesses to trade in the fastest time possible.
Overview of Decentralized Finance
Centralized Vs Decentralized Exchanges – Benefits of DeFi Exchnage Platform
Centralized exchanges have been leading from the front since the introduction of cryptocurrency, thereby promoting buying and selling of cryptos within a regulatory framework. As the blockchain network was not in use here, so in centralized exchanges one had to trust third-parties to secure and track the transactions. Besides, the exchanges also require verifications of transactions, review of personal as well as corporate information for companies to process the transactions.
Although there are some benefits of having centralized exchanges but the disadvantages far outnumber the advantages. Hence, there arose the need for decentralized exchanges.
There is no third-party integration in DeFi exchanges as all the data regarding the transaction is stored on the blockchain network. Users have more control over their assets in decentralized exchanges as compared to the centralized exchanges. Moreover, it prevents the risk of hackers from stealing the sensitive data or tampering with any information. The fee of using DeFi exchanges is also less as compared to the traditional exchanges. There are smart contracts that automate and process transactions without interference of humans on the DeFi platforms, which is a limitation on the centralized exchanges. The high-grade protection offered to crypto assets through private keys is also the reason for which DeFi is gaining popularity over centralized exchanges.
DeFi exchanges offer high speed and unparalleled security, thus making it a viable option for entrepreneurs with aspirations to achieving grand success in the crypto eco system.
Mainstream DeFi Exchange Platforms
Why Engage Prolitus For Decentralized Exchange Development?
Top notch solutions to create DeFi exchange platform
Peer-to-Peer Trading with Smart contract
You can now execute trades on a peer-to-peer decentralized exchange without an intermediary. The smart contract ensures greater transparency and speed, so you don’t have to wait for days or weeks while funds are waiting in escrow!
Automated Market Maker
The automated market maker will execute trades using liquidity pools while substituting buyers and sellers to ensure your decentralized exchange has the best possible price.
Ensure liquidity on your decentralized exchange with the automated market maker that automatically executes trades using liquidity pools while substituting buyers and sellers.
We impart a bank-grade security for your DEX to give it that professional edge, while also providing users a safe environment where they can trade without worry of losing their funds or exposing themselves too much online through unsupported attacks such as from phishing sites.
- Removing any form of third party involvement
- Quick and secure transactions
- High transparency
Get in touch with our team of experts and uncover the lesser known DEX benefits that would take your business to the next level.