50 minutes | Nov 17th 2020

The Decred Dex - Decred plans to disrupt the crypto exchange market

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Decred is a hybrid proof-of-work/proof-of-stake store of value crypto asset for the digital age. It has strong governance, good security, privacy, and an innovative incentive alignment. If Bitcoin is about being your own bank, Decred is about being your own bank and having a say in bank policy. Decred has launched a new DEX with no trading fees.

Guest:

Jake Yocom-Piatt

Why you should listen:

Decred is an experimental project to redefine governance using blockchain technology. Instead of electing officials, Decred uses a rolling opt-in lottery to make policy decisions. Decred aims to create a fairer financial system driven by sound money, where the community makes decisions and every decision-maker has skin-in-the-game.

Decred has just launched the DCRDEX, a decentralized crypto exchange. DCRDEX does not collect trading fees and utilizes an order matching system to level the playing field between retail and professional traders. The DCRDEX is permissionless and non-custodial. The first assets available to trade are Decred, Bitcoin, and Litecoin. However, DCRDEX plans to allow all crypto assets, putting projects on an equal footing by not charging a listing fee. Projects can get their crypto asset supported by adding support for atomic swaps.

Key takeaway:

Jake says “The goal with DCRDEX is to bring the same principles that we support in Decred, like sound money and strong governance, and create a fairer system for trading crypto. We want to make sure that the DCRDEX is true to the spirit and ethos of the cryptocurrency movement. That’s why it is non-custodial, there is no KYC, and it is secure. Instead of turning DCRDEX into a business that is driven by fees and rent-seeking, we aim to create an email-like user experience for the exchange process, where anyone can operate a server and exchange any crypto they want.”

Supporting links:

Decred

DCRDEX

Decred on Twitter

Andy on Twitter 

Brave New Coin on Twitter

Brave New Coin

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