• The method digital belongings are being traded is evolving
• Centralized providers and decentralized platforms are in deep competitors
• Hybrid CEX and DEX options are beginning to develop
• Trading sooner or later may look to make use of a mixture of assorted open-source tech from each CEX and DEX
Digital asset buying and selling rose to prominence previously few years. We can attribute this rise to the emergence of crypto exchanges all throughout the globe. They have made it straightforward for individuals to purchase, promote, and commerce digital belongings like cryptocurrencies.
Crypto exchanges have performed a major function within the success and mass adoption of cryptocurrencies. Yet, customers are nonetheless torn between the kind of trade they need to use for buying and selling. At current, the 2 various kinds of crypto exchanges — centralized and
decentralized — have their very own benefits and downsides.
This is exactly why we’re in dire want of a brand new kind of trade that may mix the most effective of each worlds. Vietnamese blockchain
KardiaChain does precisely that with the launch of KAIDEX.
🔷The Feud Between CEXs and DEXs
CEXs (centralized exchanges) have been round for the reason that inception of cryptocurrencies. Even as we speak, the most well-liked crypto exchanges are centralized. They are identified for his or her unmatched ease of use, good consumer expertise, and the flexibility to commerce tokens from
throughout all blockchains.
Even fiat to crypto conversions on these exchanges are fairly easy, and the buying and selling quantity is excessive, making it straightforward to commerce tokens. However, their centralized nature permits exchanges to retain most management of the customers’ belongings with themselves. In addition
to this, they require complicated KYC and AML procedures and are nonetheless vulnerable to
Now, DEXs (decentralized exchanges) got here into the image to beat these issues and provides customers a real sense of possession of their belongings. In the case of DEXs, customers needn’t belief a centralized authority however an automatic protocol. These protocols provide
customers full management of their belongings, unprecedented ranges of safety, and negate the necessity for KYC procedures.
With such standout options, you may assume that DEXs are an apparent selection for merchants. But that’s removed from the reality.
Trading on DEXs requires complicated data and isn’t appropriate for many new customers. They additionally don’t assist fiat forex transactions and liquidity is at all times a problem. So, when customers select a DEX, they’re pressured to surrender on the comfort of a CEX.
On the opposite hand, after they select a CEX, they’re pressured to surrender management of their belongings.
This drawback has bothered crypto merchants for years collectively, and now lastly, we would have an answer within the type of KAIDEX and different hybrid
🔷Combining the most effective of each worlds
To remedy this age-old feud between CEXes and DEXes, we want a brand new expertise that may mix the most effective features of each these exchanges. This is what KardiaChain goals to realize with the launch of KAIDEX.
KAIDEX is the first-of-its-kind crypto trade platform that mixes the convenience of use of centralized exchanges with the transparency and safety of decentralized exchanges. It makes use of the novel Dual Node expertise developed by KardiaChain itself.
This expertise permits simultaneous entry to the ledgers of KardiaChain and different blockchain networks.
It lets merchants retain full management of their belongings whereas with the ability to transact with fiat currencies and change between blockchain networks. The predominant goal of KAIDEX is to facilitate high-speed transactions, excessive liquidity, and a easy consumer expertise
for merchants throughout the globe. In different phrases, it goals to offer a centralized consumer expertise on a decentralized platform.
KAIDEX can also be working in the direction of facilitating low transaction charges, sooner transactions, low slippage, and restrict cease loss, and market orders. New expertise like this might lastly remedy the dilemma merchants confronted for years and enhance the mainstream adoption
In the phrases of KardiaChain’s CTO, Huy Nguyen, “KardiaChain’s Team is working arduous to construct a user-centric platform. We need to deliver customers the final word DEX expertise and goal to extend mass adoption of blockchain and crypto with our distinctive merchandise.”
🔷What does the long run maintain?
Cryptocurrencies and digital belongings are nonetheless fairly new to the market. Despite this, their revolutionary nature and big selection of use instances garnered consideration from individuals throughout the globe. They’ve now grow to be so common that our conventional monetary system
appears to have a worthy opponent as beginning a crypto
exchange is now doable.
But for such a future to unfold, we have to make the buying and selling of digital currencies less complicated and safer. This is why platforms like KAIDEX and
open-source tech options are completely obligatory to unravel the crypto buying and selling issues of as we speak and push for a future the place cryptocurrencies are adopted by the plenty.