New player in DEX
A few days ago, Bitfinex announced its roadmap for EOSfinex---Decentralized exchange based on EOS.
Yesterday, another giant exchange---binance also annouced their plan for DEX. It will be based on its current platform coin BNB. According to Binance,
“Binance was growing too quickly, and too busy to start anything else,” CEO Changpeng Zhao said on Twitter. “So, all we could do is, to just start one more Binance.”
It seems that different from EOSfinex, binance will launch binance DEX without shutting down the current one, it just provides another choice. DEX is superior on some aspects such as transparency, and security, but the performance in terms of speed and user experience are often criticized.
A backup or a trend?
Considering the regulation policy of exchange in China, developing DEX might be a backup, because it can not be shut down. However, the DEX dominated by Binance is hardly be fully decentralized, just like Cybex. It's better be called distributed. In other words, if the government want to shut down Binance DEX, it can.
I think the real purpose that Binance choose to develop DEX is because DEX is a trend, especially after the hacker crisis last week. People just simply doesn't trust centralized exchange anymore. As to the performance and user experience, these can be improved anyway. For example, if using EOS as bottom chain, it's performance won't be worse than mainstream exchange.
Bitshares --- the platform for all exchanges
When EOS is still in development and the future is unclear, choosing Bitshares as blockchain for exchange is the best choice. Nowadays, a few exchanges have already been running on Bitshares, such as openledger, cryptobridge, btsabc, gdex,io, hellobts.com, winex.pro. When more and more exchanges join Bitshares, users will be easily move or trade their funds among exchanges. What the exchanges need to do is the customer service and fiat gateway.
If you are the one who thinks this is a big news - just google for #blocknet. Or wait another two days
Dont get yourself in a media's trap
We also think that DEXs is the trend that will dominate 2018. Notice that Binance created their own coin, BNB, to scale their platform and also create liquidity given that they are popular among other exchanges. Many exchanges are starting to do the same, creating their own cryptocurrency. An example is blockbasis, so when you login the first time you are awarded BASIS tokens in your account.
Is blockbasis built on blockchain?
Thanks for your question, I will try to answer clearly, but notice that the answer depends on what your focus is for what parts of Blockbasis that is on the blockchain. Blocbasis consists of multiple services, from a website that you can access on blockbasis.com, to storing cryptocurrency safely in both hot and cold wallets, to executing all transfers and exchanges on the Graphene blockchain. So to answer your question briefly, yes Blockbasis is running on a blockchain, the Graphene blockchain using Bitshares, which makes Blockbasis a DEXs. Currently, there are research and efforts being done to rebuild the website and our mobile app (still in beta) on EOS, which also runs on the Graphene blockchain. More info on that will follow :)
Thank you for clarification.
I've been using the Bitshares and the Komodo BarterDex for sometime. Komodo seems to have the most secure and feature rich platform as of this post. Bitshares is also an amazing platform but limited in comparison. I agree with @blockbasis comment that DEXs "is the trend that will dominate 2018" or at least it will be in the top 10 areas of community interest and investment.
对普通交易者来说，最在乎的应该还是交易所的深度，币安掌握了那么的流量和深度，居然还能主动放权，真的很佩服。
币安应该是两条腿走路。中心化交易所业务继续，同时搞去中心化交易所作为备份。
币安是不是要研究去中心化的方向了？
恩，要开一条公链
KCS coin for KuCoin exchange also a bright future. Great coin to hold too for passive income. more passive ideas at https://adespress.blog : Ade's Crypto Press
very good post, I like your post, thank you for sharing, @jademont
Good joob
very good post i like it
This explains the massive pump in BNB yesterday.
Excellent post. i like it. thanks for sharing.....