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Currently, the market is dominated by centralized exchanges where people go to trade various cryptocurrencies. In fact, all top crypto exchanges (according to CoinMarketCap) are centralized. Centralized exchanges usually offer ease of use and high volumes but present a major disadvantage in that they hold the custody of your wallet and your funds and can at any time lock them up or worse, get hacked or exit scam. The ultimate result will be a loss of your funds. Throughout the history of cryptocurrency, there have been major hacks where users have lost millions of dollars and have left communities reeling for answers. Unfortunately, a cryptocurrency exchange is only as robust as its least secure coin and the likelihood of a next hack is only mitigated by our trust in the centralized exchanges to maintain the best security practices that we hope and only hope they will follow. Obviously, there is a demand to move away from this paradigm and thus enter the existence of the decentralized exchange.
Decentralized exchanges promote themselves as a way to give users control back to their wallets. They typically present themselves as a solution to the centralized exchange pitfalls. Most decentralized exchanges present themselves as a smart contract on the Ethereum blockchain that allow for token swaps between tokens on the blockchain; however, these same exchanges fail to realize that the benefit of centralized exchanges is their ability to swap coins across different blockchains. There are only a handful of decentralized exchanges that allow users to trade decentralized across different blockchains. Bancor doesn’t, EtherDelta doesn’t, IDEX doesn’t, Kyber doesn’t, but NebliDex does. And unlike the popular WavesDex, there is no payment gateway to deal with when depositing and withdrawing.
Enter NebliDex:
NebliDex takes decentralized one step further than most by implementing an exchange that is completely independent of a web browser. Once you download the exchange client and get the node data, the exchange will run completely independent of the website that you downloaded it from. Think of NebliDex as a bitcoin wallet that you can trade with. It fulfills Satoshi’s goal of decentralized trading without a central authority. No need to worry about DNS server hacks or malware running from inside a web browser or on a website. The client was designed to be lightweight and can even run on the Raspberry Pi. All major operating systems are supported as well. NebliDex is designed to mimic the ease of use that exist on centralized exchanges but maintain the security of decentralized exchanges. Your wallet is instantly available to you and you can choose when and what you want to take from it. There are no fees to withdraw or deposit your funds. Transactions are processed immediately by code. The only fee you pay is in NebliDex tokens or NDEX when trading, which is used to keep the exchange running. If you need any more proof on how easy it is to use, watch the video below or visit the website to .
About NebliDex:
NebliDex is a decentralized exchange designed for the but it maintains cross-chain trading with bitcoin and Litecoin for maximum usage. Neblio is developer focused blockchain that allows for easy token creation when compared to Ethereum, as it only takes 2 steps to create a new token with no programming knowledge necessary! These tokens can then be used for various purposes, including transmitting health information, land ownership records, package locations, currency and more. Anyone or any team that creates a Neblio based token can apply for listing on NebliDex by applying on our website: . Best part, its free.
Follow our progress on NebliDex.xyz as NebliDex continues to be on the edge of technology in the decentralized exchange sector.
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Published at Mon, 22 Oct 2018 17:11:48 +0000
