I am working on prototyping a DEX (both D-Ex and De-X), I agree on the criteria mentioned in this post, thx.
Sent with ProtonMail Secure Email. ‐‐‐‐‐‐‐ Original Message ‐‐‐‐‐‐‐ On Monday, May 11, 2020 12:30 AM, grarpamp <grarp...@gmail.com> wrote: > > https://en.bitcoinwiki.org/wiki/DEXes > > DEX is distributed exchange, think D-Ex. > Decentralized exchange is not, think De-X. > > Visualize, but consider also a DEX execution net more a > distributed-state-of-swap-tx-db or messaging-like to which trades > all plug and tx into, not necessarily a p2p routing network per se... > https://static1.seekingalpha.com/uploads/2018/2/1/389729-15174980652034152.png > > Most so called "DEX" today are spamvertised corporate startup lies, > worthless garbage infested with some things that make them > not a true DEX... > a) Centralized or "De-X" not truly distributed in some p2p or chain net sense. > b) Works only with one particular token family or blockchain network. > c) Have arbitration, escrow, insurance, brokerage, custody, entry fee'd, > governed, staked, taxed, trades fiat, keeps a record, has support desk, etc. > > Binance style central exchanges running on onions are not DEX. > OpenBazaar markets are not DEX. > XMR, ZEC, JoinMarket, CashShuffle, CashFusion are not DEX. > McAfee DEX (OEM'd @switchdex switch.ag) is not really a true DEX. > ERC20, SLP, etc families only... must be made cross-chain DEX compatible. > > BlockDX is more like a true distributed atomic cross-chain DEX. > Others coming soon. > > A true DEX will be a cross-chain fully distributed non-custodial > uncensorable exchange protocol, its own atomic execution network, > blockchain-ish, messaging or transaction advertisement > meta layer API running over some privacy overlay network in free space. > Generally requires each participant coin to have set of atomic exchange > and cryptographic API functions into the DEX such that any market pair > among the coins can be composed and executed free of counterparty risk. > ccDEX - emphasizing cross-chain to eliminate all the > ETH and other token only DEXs from consideration. > Atomic - emphasizing committal of nominal values in key > form to the exchange protocol net for proofed agreement, > execute or return. Both sides either have the privkeys > and safely swap over the protocol in time, or they don't. > Some DEX use intermediate mechanisms. > > Some early DEX protocol research and operational nets > are out there, for which further searches will return even > newer more advanced work... > > bitshares etherdelta bisq 0x nvo-safenetwork > blockdx.co/blocknet.co avalanche tao method language > > Standardized DEX protocol API's will emerge and be adopted. > > If you can sue it, shoot it, shut it down, get censored, premined, > gov / founder taxed, kyc'd, deanon'd, lose money to the protocol or humans, > not be opensource, not be privacy, waste disk space, vote governance > stake force over free networks etc... then 10+ years past Genesis, > considering today's available and forthcoming crypto tech, > it's not a DEX, and it's not a cryptocurrency... it's just central fiat.