We all regularly come across pictures of centralized exchanges with images of trading charts, currency quotes and company shares. We have a general idea of what it is and what a stock or currency exchange looks like. In addition, we are all a bit of speculators and, at a minimum, have once tried to profit from the rates when buying or selling currency. Who has not seen intrusive advertising to trade on Forex?
We also understand that the exchange is a complex instrument with an endless number of numbers, algorithms, settings. Where, at a minimum, there are such necessary attributes for analysis as trading charts and market depth. Not everyone, but many know that on the exchange you can buy at the market price, and you can place limit orders. That there is such a tool as stop loss. And that the endless process of buying and selling is in constant motion. And it is so easy to understand all this, and even more so to earn money. There is nothing for non-professionals to do on modern stock and currency exchanges. They trade high-frequency trading and arbitrage bots there. And by law, individuals can only trade through brokers.
Even more often, when we need to buy any currency, we come across exchange offices, for convenience called swaps. You can exchange both cash and non-cash funds. And everything is simple and clear there. There are rates for buying and selling currencies at the moment with a fixed margin. You arrange quotes, change, if they do not suit you - look for another place to make a transaction. Or you wait for the rate to change for the better. But this is already a lottery. It can change for the worse.
And so, one fine day, the world stepped towards decentralization of all processes of public life using blockchain technology. After the first financial platform Bitcoin, others began to appear. The rapid growth of the cryptocurrency industry began. The number of assets in this area began to grow exponentially. And all of them need to be exchanged and traded somehow. We need guidelines. Market value. Quotes. Places to buy or sell. And for this, cryptocurrency exchanges are needed.
And they appeared. In large quantities. Both exchanges and exchangers. But centralized. Controlled by the authorities. With a full set of restrictions from government regulators. Because launching a full-fledged exchange on first-generation blockchain platforms was unrealistic. Although the need for this among true crypto enthusiasts was initially great. Well, who wants to bother with a humiliating verification procedure? Drain your personal data to someone unknown, and then constantly worry about whether this exchange will go bankrupt, whether your account will be blocked. Live with an obsessive thought about how to make money, and not lose it.
Neither Bitcoin, nor the platforms that followed it - BitcoinCash, Litecoin, DASH, Zcash, Doge coin and others - could ensure the possibility of functioning of full-fledged decentralized exchanges. Too low transaction processing speed. After some time, second-generation blockchains appeared. Ethereum, Tron, Solana, Polkadot, Cardano and others. They already had the ability to imitate assets and create add-ons in the form of decentralized applications.
These platforms are multifunctional, the speed is higher. It has already become possible to create simple exchange points (swaps) on them. And they appeared. Uniswap, Pancake swap, Sushi swap and other swaps. Already easier. A great opportunity to exchange one cryptocurrency asset for another, without going beyond the blockchain platform. But in the absence of full-fledged decentralized exchanges, there was a substitution of concepts. Many joyfully began to call them decentralized exchanges, dexes (DEX - decentralized exchange). And this situation persists to this day.
Well, what about decentralized exchanges? Where there would be full functionality for trading cryptocurrency, satisfying the requirements of professional traders and market makers. Where it would be possible to trade using bots. Robotization is an inexorable imperative of the times. What will you trade manually? For school lunch? If you're lucky.
The world does not stand still, innovative technologies are developing. The ability to create decentralized exchanges appeared on third-generation blockchains. The talented American programmer Dan Larimer created a unique blockchain technology called Graphen. And using this technology, together with Charles Hoskinson (co-founder of Ethereum) and the Cryptonomex company, an engine called BitShares was created. This blockchain has an almost cosmic transaction processing speed, up to 80 thousand operations per second, and is multifunctional. It was the first to implement the DPoS (Delegated Proof of Stake) block confirmation protocol.
On this blockchain, it became possible to issue cryptocurrency assets, create and develop various projects, including full-fledged decentralized cryptocurrency exchanges. And a lot of other opportunities. Currently, this is one of the most technologically advanced blockchains in the cryptocurrency industry. And it continues to develop. On BitShares, entrepreneurs also have the opportunity to create and develop decentralized autonomous organizations. The widest scope for people who want to develop their business. At the moment, there are about two million registered users on the platform. A number of projects of various focuses are functioning, including decentralized exchanges: GDEX, XBTS DEX, EVRAZ DEX, ioBanker DEX, DelionDEX, PirateCash DEX. On this blockchain platform, such centralized exchanges as Binance, Huobi, AEX, Poloniex, Bittrex, Gate.io and a number of others hold reserves and support gateways. An absolutely niche area. And in terms of earnings, an excellent opportunity for investors, traders and market makers.
The EVRAZ project is an electronic payment system and a decentralized exchange. The EVRAZ exchange has a user-friendly interface with the ability to register anonymous personal accounts. Unlike centralized exchanges, where the peg is only to the dollar through stable coins, on the decentralized EVRAZ exchange you can trade euros, rubles, yuan, yen, gold and many other stablecoins, which are called smartcoins here. As well as other cryptocurrency assets.
The exchange has a free open-source trading bot that you can use and which, if necessary, can be modified to suit your specific needs. Simple and easy to configure. Naturally, with an excellent opportunity to earn money without bothering with technical analysis and viewing countless forecasts for market movements. And for this you do not need to be or consider yourself a trader, it is enough to have a desire to earn. A practically ready-made turnkey business. Where else can you find such an opportunity to get a guaranteed profit?
Join us! The future belongs to decentralized exchanges on the blockchain.
