CryptoBridge - A Decentralized Crypto Exchange With Staking
View this post on Hive: CryptoBridge - A Decentralized Crypto Exchange With Staking
I have moved all my content away from the now centralized and controlled Steem blockchain to the decentralized Hive blockchain.
Crypto Bridge was the first DEX I used to buy crypto. Overall, the process was fairly straightforward and didn’t take too long. I didn’t have any troubles, but I would like to see more options and increased volume for sure. Thanks for the share!
I have invested in BCO and have some 12 month staking. Dough I like roadmap and I think this DEX has potential, I wouldn't do 12 month staking again. It is just too long that your assets are locked. There are many exchanges now that share profit without locking your assets for such a long period...
Generally, I think DEX has many advantages against CEX . Especially, Dex is non-custodial so we can access our assets anytime we want. But DEX has limited liquidity issue including CryptoBridge. With limited liquidity, it's hard to trade some trading pairs such as steem/eos.
True, that's where they bring in the market makers. It is still pretty early in the game for Crypto Bridge and only time will tell how volume will go to that market.
I don't like the DEXbot idea. For liquidity issue, my favorite solution is loopring protocol(http://docs.loopring.org/) With ring-matching, we can solve liquidity problem. User can get tokens equal to or greater than the amount specified by a user.
I signed up to CryptoBridge last year. I love the idea of decentralized exchanges but found this one had an awkward UI. Good to hear they've updated to make it a little bit more intuitive. I'll have to check it out again.
Etherdelta had an awkward UI, CB is supa easy !
Yeah Etherdelta is utterly terrible.
it lacks the top 50 coins, if they were still on CB then it would be the best DEX ever ...
Nice summary, I think CryptoBridge is a great platform, among the DEX is the one I like the most and I really see it great potential to grow.
I think DEX are the path to have a really decentralized economy and will play a great part in the game in the future, its a matter of time to have a DEX that meets the performance and liquidity for that
This could play a very important role in crypto decentralisation is the way to go