What is DEX
                     What is DEX 
(decentralized 
exchange) and why is it 
on the rise?
What is DEX 
A lot is going on in the crypto space. Regulations abound, security fears are 
widespread, and most importantly, innovation after innovation appears every 
day. Cryptocurrency has attracted all kinds of speculation, and only those in the 
know seem to be weathering these storms and, of course, making a killing in 
the process.
While centralized exchanges have been hailed as the easiest means of 
transacting, they are not the most secure. In fact, they go against the very 
reason that led to the creation of Bitcoin: the elimination of third parties in 
transactions (peer-to-peer payments). Hackers are not unusual in this business. 
The best example is the infamous Bitfinex hack that led to thousands of people 
losing their hard-earned savings.
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Cryptocurrencies present other types of problems. They have unique identification 
characteristics and people must exchange them for their national currencies. Also, 
there are services that still do not accept crypto payments. This has led to entrusting 
these cryptos to a third party for seamless exchange, but as mentioned, it comes with 
risks.
These problems require a solution and Dex presents himself as a messiah. 
Decentralized Exchange (Dex) refers to an exchange market in which the client's funds 
are not held in the third party account. This is possible thanks to the use of an 
automated system that allows direct trading between users. This has been possible in 
many ways. Some of the ways include proxy token creation, asset creation, and trading 
through a decentralized, multi-signature escrow system.
But why does the DEX go up?
Decentralized exchanges have a myriad of benefits that have made them popular. 
Because the funds are in your possession, you don't have to worry about trust issues. 
With the centralized system, you need to trust the third party and constantly question 
their probity. Second, a decentralized system is more private and confidential. You 
only reveal your data to the person who sells or buys from you, 
Uniswap clone script and especially if it is a bank transfer. Otherwise, your data is 
yours and yours alone. Finally, server downtime issues do not occur here. This is 
because hosting for these exchanges is distributed across nodes.
Today, there are other options that have made trading safer from cheating, flawed 
business models, and insider trading.
Bitsquare
It is an open source decentralized exchange platform that allows 
merchants to directly buy and sell Bitcoin for national currencies and 
other cryptos without involving third parties.
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NXT
This is a cryptocurrency platform that allows users to trade assets under the same 
currency, NXT. It does not allow other cryptos as well as asset-to-asset trading.
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CounterParty DEX
This is a crypto platform that allows anyone to issue assets or tokens within the 
Bitcoin sphere.
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Bisq and Openledger
Bitshares has its own coin, Bishares (BTS) where clients can trade BTS, Market 
Pegged Assets (MPA), and User Issued Assets (UIA). Openledger is basically the 
web-based version of BTS that runs on the same Bishares.
However, there are many more in the development stage, and soon the list will 
grow as the demand for DEX puts pressure on developers. All in all, DEX is here to 
take the course, restoring the cryptocurrency to its original state of removing third-
party regulations.Uniswap clone
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