The advantages and disadvantages of CO-DEX as decentralized Exchange
Co-DEX represents an advanced security architecture for decentralized cryptocurrency trading sites and pioneering technology. This Co-DEX is the first public Exchange to introduce a payment scheme for the NO FEES so that consumers are obligated to meet the transaction costs for the miners and validators who monitor Blockchain operations. The web exchange for the internet was produced by Co-DEX. Make a direct trade between peer and peer, without the safety risk of a third party trusting so that the funds always have complete control. Co-DEX rates 4.2/5 for ICO bench.
The advantages and disadvantages
Decentralized trade works in a decentralized manner, i.e., without a central authority. Decentralization advantages make blockchain convenient for use in various fields, such as video games, elections, social networks, property, raw materials, and much more. And one of the most insight ways where blockchain may be used is the field of distributed exchanges.
That way, traders are given a list of advantages:
It enables the trading of cryptocurrencies among peers (it uses a decentralized system architecture that separates tasks or workloads between peers).
This reduces the risk of exploitation in hacking transactions (because users are not expected to share their assets); It can avoid cost manipulation and false trading volume by washing (where an individual sells or purchases the same financial instruments concurrently to establish deceptive fictitious trade on the market);
Decentralized interchanges are more transparent than exchanges that meet KYC ("know your client") specifications where personally identifiable information is required.
Decentralizing markets also have some drawbacks-low volumes of trade and market liquidity. Such problems are solved by new protocols for developing open networks.
Co-DEX: a new way to build open trade
Co-DEX is the first NO FEES-based Cosmos Network digital asset swap. The Society and the Community are built on this platform. The transaction policy requires users only to cover the transaction costs of the miners and/or validators who register the action on blockchains, according to no-fees policy.
Co-DEX acknowledges the wishes, interests, and demands of all people who embrace the idea of society together. The focus on personal experience helps people to feel part of the project through events and airdrops, granting programs and awards. Co-DEX is trying to recompense people in the community with new ideas.
After you have signed a new wallet, you can choose from various tokens and cryptocurrencies with a compatible Co-DEX trading wallet. Instead, with a smart contract, you can exchange cryptocurrency assets safely and easily.
Co-DEX crypto is known as COD1 Token. In Q4 2019, IDO ends. The tokens would contribute to 100 million coins during the donation. The use of this crypto-monetary on Co-DEX has many advantages: Very fast operations The absence of blockchain volatility Security of identity Zero Fees Global system and security payments .
In the fourth quarter of 2019, it is scheduled to launch a shared exchange platform, launch the COD1 IDO, and host other IDOs.
Wrapping Up
With the aid of the Co-DEX Project, Co-DEX is an association with the Blockchain network to fulfill various needs and barriers of the group by also becoming a tool for building a free world. Management of capital and resources.
Decentralized trading can take place through a network run by Cosmos, using the key Co-DEX Coin (COD1) property. Our goals are to make open trade in native cryptocurrency a common form of Exchange . Our goal is to provide the best service to our customers from a user-friendly interface that aims to improve efficiency and to improve quality.
Information of the company you can look
Website: https://co-dex.network/
Whitepaper: https://co-dex.network/co-DEXWP.pdf
Twitter: https://twitter.com/CoDEX_Social?s=09
Facebook: https://www.facebook.com/co.dex.decentralized.exchange/
Linkedln: https://www.linkedin.com/company/20528611/
Reddit: https://www.reddit.com/u/Co-DEX
Steemit: https://www.steemit.com/@co-dex
Username:cassano
Profile:https://bitcointalk.org/index.php?action=profile;u=1252736
Eth:0xAEb5677054cd2D2Cd8Ec0eDb4e6A62DC9B00510A