Altcoins News
By Joël Valenzuela
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Off-chain scaling has largely happened on centralized exchanges
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Dash’s FastPass initiative helps, but not enough
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The DEX boom will expose users to just how much it sucks to wait for…
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Decentralized exchanges, or DEXes, have seen a recent surge in attention, particularly following the announcement by crypto pioneer Erik Voorhees that ShapeShift is moving all of…
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However, this exciting rise of the DEXes has coincided with an unfortunate side effect of the renewed cryptocurrency bull market: high fees and confirmation times.
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That’s where faster, cheaper, more nimble projects come in. Dash, in particular, benefits from very low transaction fees, no scaling issues, and, best of all, instant transaction…
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Of course, when the subject of scaling issues for Bitcoin and Ethereum come up, a common response is: “But what about off-chain scaling?
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On a DEX, however, this primary use case of trading does, in fact, involve on-chain transactions.
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First, a quick crash course in the special features that make the Dash transaction experience different.
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Not every service and exchange recognizes these special features though, and most simply treat it like another Bitcoin clone.
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That can’t be said about using a DEX, however. Rather than being conducted on the internal ledger of a centralized platform, trades actually move the coins themselves on-chain.
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With the DeFi boom in full swing, we’ve already seen the negative impact of high fees in an on-chain trading environment.
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If implemented into the most popular DEX platforms, Dash’s special features could quickly turn it into the hottest trading coin on the hottest new trading platforms.
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Joël Valenzuela is a veteran independent journalist and podcaster, living unbanked off of cryptocurrency since 2016.
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We hope you’ll like this article and if so feel free to send a tip to Joël and the TCA team in DASH To :
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