CO-DEX: fast and secure decentralized digital asset exchange

3 min readNov 21, 2019

At present, trading cryptocurrencies is no longer a difficult thing. Therefore, I would like to introduce to you a Blockchain project related to transactions and more interesting things about this project.

About

As against currency-centric exchangeswhich ar engineered on high of a singular blockchainplatform like Ethereum, and that have thelimitation of escrowing solely ERC-20 assets, CoDEX, by virtue of implementing and building uponthe IBC innovation created by the CosmosNetwork, can become associate degree currency-neutralexchange, which means it’s subject sort willallow a property between totally different nativecryptocurrencies, users not having to limitthemselves to a particular currency system.

Co-DEX — the primary NO FEES localized exchange, supported the IBC innovation provided by Cosmos Network, no a lot of wishing on a thirdparty service that holds customer’s quality is critical, an automatic method known as “smart contracts” permitting the trades to happen directly between users. Co-DEX is that the localized exchange (DEX) of the long run. It guarantees the best attainable security, full transparency and open supply logic mistreatment the ability of Cosmos Network, Co-DEX can supports not solely all Ethereum primarily based tokens, however mistreatment the thought for the cross-blockchain options, Co-DEX can permit you to trade any tokens despite their native underlining blockchain creating it easier for you, the user, to thrive within the crypto landscape.

Their Technology

Co-DEX can implement a system wherever obscurity and privacy square measure the key parts, security, in fact being the most facet, each group action are dispensed following the required protocols to make sure the utmost potency, celerity and security.

Governments are shown to do to exert management over centralized exchanges, users having to answer to authorities that may and are shown to trace and tax these users, or perhaps attend such lengths on ban sure varieties of cryptocurrencies, issues that do not reach the sphere of decentralised exchanges.

Heighten quantifiability can allow future upgrades, therefore our systems can perpetually keep step with the new innovations and revolutionary options that ar developed. To any show our easy homeward approach, Co-DEX can offer everybody a neater means that to access and use the platform by integration and generating the mandatory compatibilities for Metamask and Ledger users.

The main argument over alternative existing localized exchanges that Co-DEX brings to the table is that the incontrovertible fact that it’ll take full advantage of the innovations and options of the COSMOS Network, guaranteeing a plenty of tokens and coin having the ability to be listed despite their native blockchain.

Also, you’ll value more highly to have your funds secured through the localised billfold applications, Co-DEX billfold, which is able to store non-public keys solely on your device, thus traders will retain full management over their funds and personal keys. Our DEX is created by the blockchain community, for the blockchain community, with support from Co-DEX Foundation developers, as a part of advancing our mission to unfold the liberty of cash.

Conclusion

From my experience, I realize that this is a potential project in the future, on the part of the project they are too in the process of completing the website to be able to go into operation soon. For the latest information on the project you can visit the following channels:

Website: https://co-dex.network/

Facebook: https://www.facebook.com/co.dex.decentralized.exchange/

Twitter: https://twitter.com/CoDEX_Social?s=09

Telegram: https://t.me/co_dex

Linkedin: https://www.linkedin.com/company/codex-foundation

Reddit: https://www.reddit.com/u/Co-DEX

Instagram: https://www.instagram.com/codex_social/

Steemit: https://www.steemit.com/@co-dex

WPP: https://co-dex.network/co-DEXWP.pdf

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2575495

BitCointalk user name: chillandrew1511

Telegram User Name: @chill_andrew