Co-DEX is exactly what the crypto world needs for the future of decentralized exchanges. The exchange is going to be built on the IBC innovation created by the Cosmos Network. I am going to discuss Cosmos Network briefly to show you exactly why the crypto world requires Co-DEX.
The scaling problem for blockchains has been comprehended and addressed by numerous teams. However, what is mostly overlooked is the interoperability problem and its impact on the crypto space in future. The lack of protocols to allow automated communication between chains, blockchain’s decentralized projects will continue to remain in silos, and the blockchain ecosystem will generally remain fractured.
Cosmos Network, however, solves the interoperability problem and at the same solves the issues of security and transparency altogether. The co-dex decentralized exchange will offer the highest level of security and transparency as well as open-source logic by implementing the interoperability of Cosmos Network.
Trading on the Co-DEX exchange is going to be highly convenient for me reason being that I have the option to trade any cryptocurrencies despite their native underlying blockchain. Over my time, while trading on other decentralized exchanges is always limited to particular types of cryptocurrencies, which also limits my ability to become a successful crypto trader.
Finding a trading exchange where I can conveniently and comfortably trade any cryptocurrency is going to take my trading career to the next level, and Co-DEX is going to be that exchange for me! The Co-DEX system is going to thrive on the principles of anonymity and privacy. While trading on the exchange, every transaction is going to be executed following the required protocols to ensure maximum security and efficiency.
On Co-DEX, I will have the option to secure my funds on the Co-DEX wallet which is designed to hold private keys solely on my device. The main purpose for this is so that I can be able to maintain full control over my funds as a trader on the Co-DEX decentralized exchange. This feature is imperative as it will avoid cases such as that of a Canadian cryptocurrency exchange CEO who died with the only private key information. Traders on that exchange, called Quadriga have lost an estimated 145 million dollars in crypto.
The Co-DEX exchange is going to make sure that every procedure on the trading platform is greatly simplified via their community's first policy. The only fees that I will be required to pay on the platform will be the amount required to cover the costs of the transaction. This means that I will be able to have more control over the fee service system. Eliminating substantial fees that are charged on other crypto trading exchange platforms goes a long way in simplifying trading.
Co-DEX plans to utilize all the beneficial features of Cosmos Network to offer services such as cross-chain transactions, which are the key feature in this entire project.IBC features created by Cosmos Network will allow the much-needed interoperability under a decentralized and completely secure platform. This will provide me with the base to trade in just about any cryptocurrency form various blockchains.
CONCLUSION.
Co-DEX is looking to revolutionize the entire crypto exchange ecosystem by offering the world a currency-neutral decentralized platform that thrives on privacy and efficiency and leverages IBC innovation generated by Cosmos Network.
Make sure you stay updated
🔗 Website: https://co-dex.network
🔗 Twitter : https://twitter.com/@CoDEX_Social
🔗 Reddit: https://www.reddit.com/u/Co-DEX
🔗 Medium: https://medium.com/@co_dex/
🔗 Telegram (English): https://t.me/co_dex
🔗 Telegram Announcements & News (English): https://t.me/co_dex_ann
🔗 Facebook : https://www.facebook.com/Co-DEX-399170544043855/
🔗 YouTube: https://www.youtube.com/channel/UC8B1pOPJm8qeFYmWDGsFDCg
🔗 E-mail: social@co-dex.network
★ Author: jamesndungu1
★ BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
★ All Images credited to Co-DEX WEBSITE
