The following was tweeted by Vitalik Buterin a few years ago: https://twitter.com/VitalikButerin/status/1242553658195271681 This seems to be a reality since the launch of Hydranets Layer 3 DEX, which connects Bitcoin and Ethereum over the Lightning Network, as well as the Connext Network. For god knows how long, have we been struggling with proper scaling solutions. Gas fees exploding during bull runs, and projects all over trying to fix these issues to no avail. We've had tons of projects trying to "fix" Bitcoin, or even trying to "fix" Ethereum, which makes complete sense, when they become utterly useless during peak hours when we go through bull runs, such as in 2017, as well as in 2021. The Lightning Network itself has been attacked by many as being a centralized solution, that hardly anyone knows how to use, but surprisingly we've seen exchanges such as Coinbase and Binance starting to support it as of lately, which is great news! We've also seen a massive shift in volume moving from CEX's to DEX's over the past few years, as KYC and AML has been enforced on pretty much all exchanges, with a few unregulated remaining still, who will probably follow suit eventually as well. If you want to trade freely amongst other users, while preserving your privacy, there really isn't many places to go. Uniswap doesn't use orderbooks, but liquidity pools. On top of that, you have to struggle with a slow trading experience, as well as heavy fees, which is why most people prefer CEX's when dealing with big volume. There's a solution to all of this now, thanks to The Lightning Network, as well as Connext (For Ethereum). Hydranet has been building their own DEX, where you will be able to trade real coins pretty much instantly, for next to zero fees. Hydranet's Layer 3 DEX launched a few days ago, and you can download it from https://www.hydranet.ai/en/download DEX tutorials can be found here: https://www.hydranet.ai/en/tutorials This is still in mainnet BETA, meaning there's trading limits for now, but it works extremely smooth. The Lightning Network offers privacy similar to Monero, which makes it interesting as well! [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments