The existence of cryptocurrencies and blockchain technology has revolutionize the entire structure of the economy by enabling people to trust themselves and carry out trades without the need of middlemen or centralized systems. Cryptocurrency exchange emerged from the dawn of cryptocurrencies and it is comprised of decentralized exchanges , centralized exchanges or a combination of both. Definitely, purchasing and trading on a centralized exchange is rather cynical, because the essence of cryptocurrencies and blockchain is founded on decentralization. DEX is created to ensure that complete decentralization is guaranteed in cryptocurrency exchanges.
DEX is described as a fully decentralized exchange with new features of pair matching mechanism to enable users place orders and carryout cryptocurrency trading without the requirement of intermediaries to manage and control user assets. DEX offers opportunity for users to locate strangers and trade on the chain without demanding their information and managing their accounts, which makes DEX to be a trustless trading ecosystem.
Cryptocurrency Exchanges whether DEX or centralized can truly be accepted as an ecosystem for trading when it have four main functions which includes : order book, order matching, capital deposit and funds exchange, where in relation to DEX , the listed core functions are said to be completely decentralized, establishing a permissionless ecosystem.
ADVANTAGES OF DEX
- DEX in it's simple description only requires blockchain information or public address which ensures that users are fully anonymous to carry out trading operations.
- DEX is difficult to hack or attack because it runs on a network of computers, which provides no access for a single point of entry.
- Custody essentially dictates who control the keys to account within an exchange. In the case of DEX, users are given keys to their account and are responsible for ensuring the security of their funds. Users within the DEX ecosystem are in control of their asset until an exchange is carried out with help from a smart contract.
- The availability of a no single point of failure provides less possibility of DEX crashing. Even when nodes are down due to maintenance services, other nodes within the system can operate effectively.
As a cryptocurrency trader, investors or plain interested in cryptocurrency, then choosing the right exchange platform can maximize chances of getting better profits and trading experience. DEX gives out good trading experience via it's built in features and mechanism. There are a lot of cryptocurrencies listed on DEXs and an example of such is the Yusra coin.
THE YUSRA COIN IS A UNIQUE ASSET SUITABLE FOR THE CRYPTOCURRENCY SPHERE
Yusra cryptocurrency is issued by Yusra Global, where it is built based on the platform core called Yusra blockchain and functions as a waves token. The Yusra coin be stored safely in the Yusra online wallet (web wallet), where the wallet can also manage other host of cryptocurrencies and recieve rewards from active interaction via Yusra coin with the Yusra Proof of Stake mining.
Wallet link : https://app.yusra.global/
The coin is listed on waves decentralized exchange (Waves DEX ). Waves DEX offers the same benefits as a normal functioning DEX ecosystem appealing to cryptocurrency users, hence you can easily register via this link : https://dex.wavesplatform.com/
After successful registration, save your passphrases or private keys and login. Tap the DEX tab which opens to a simple and unique DEX market interface, then search for Yusra which reveals Yusra and trade pairs example : Yusra/BTC etc. click on desired trading pair, scroll downwards and place your buy or sell order.
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Get more information about the project by using the links below ;
Website: https://yusra.global
Wallet : http://app.yusra.global
Twitter: https://twitter.com/YusraGlobal
Instagram: https://www.instagram.com/yusra.global
VK: https://vk.com/yusra.global.blockchain
Telegram: https://t.me/YUSRAGLOBAL
Medium: https://medium.com/@YusraGlobal
My Bitcointalk Username : Johnson Knight
Bitcointalk Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary