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RE: Bitshares as a dex

in #bitcoin6 years ago

Thanks for the intro. I have a couple of questions here:

  1. What's the difference between the Bitshares platform as opposed to CryptoBridge in terms of usage and fees?

  2. Liquidity - My understanding was that the major problem with a DEX generally is that they don't have enough liquidity. Can you please elaborate on how my understanding is wrong?

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There is a lot of confusion with basic terms I think, will try to clarify. Up to this point, Openledger, Cryptobridge and Gdex are all decentralized exchanges running on the Bitshares Graphene blockchain. Most likely, more dex's will be created with time. The Bitshares token is a cryptocurrency native to the blockchain, and can be found and traded on all three decentralized exchanges listed above. You can also trade Bitshares on many centralized exchanges like Poloniex, but you will not find any open, bridge or Gdex assets anywhere except the Bitshares ecosystem.
Liquidity is growing every day and is not nearly the problem it was, say a year ago.

That is great information, Thank you very much

Hello, that is a good question. I do not yet have enough information about CryptoBridge although i am studying it now.

  1. Stay tuned for a CryptoBridge report by special request from @pqbd
  2. Liquidity is a big discussion, i will be discussing several proposed Liquidity solutions, and how Loopring and others have built protocols that can help.