How to build a decentralized cryptocurrency exchange (DEX) platform?

TSUKUBA, Japan - Sept. 21, 2019 - PRLog -- Currently, Cryptocurrency and blockchain-based technologies are prospering! At this time, the vast majority of cryptocurrency exchanges are still centralized. Transactions and withdrawals of crypto coins are routed in a centralized closed manner and thus they are known as centralized exchanges. However, many cryptocurrency experts/ analysts believe that decentralized exchange is being the leading form of cryptocurrency exchanges where their technology and functionalities are far better than centralized exchanges. Therefore having a good DEX platform is valuable for the future of cryptocurrencies.

How does Decentralized Exchange work?

A P2P decentralized exchange works completely dependent on the software that powers it. All transactions operating in a decentralized platform are verified by cryptography, thus removing the need for an intermediate third party.

Generally, a decentralized exchange is a  platform where both buyers and sellers can conduct transactions. For example, If someone is looking to buy/ sell anything on the exchange would deposit their money onto the exchange and can use it in the future to trade crypto coins from sellers. This makes way for the direct customer-merchant relationship without the need for a government authority or centralized. The lack of need for an intermediary also concluded with significantly fewer fees. Thus DEX is increasing in popularity with more and more people, exploring this new and interesting concept.

Want to find the superior solution provider for DEX Exchange?

Hiring the right company with all these possible strategies can be a perfect solution. There are a plenty of development companies available in the market to get your work done.

We, Coinjoker had a team of professional blockchain developers, engaged in the development of Decentralized Cryptocurrency Exchange (DEX). We provide a variety of services to develop the Decentralized cryptocurrency exchanges based on cutting-edge technologies with the following features,

1. Two Factor Authentication- confirming the user's identity with private keys and a QR scanner.

2. Exchange of cryptocurrencies with smart contract development

3. API Integration

4. Payment gateway integration

5. Margin trading

6. Multi-language support

7. Cryptocurrency wallet for storing multi-cryptocurrency and fiat with multiple payments.

If you have questions on how to build a successful and efficient Decentralized Cryptocurrency Exchange (DEX) or want to build your DEX platform, Contact us here for more information--> https://www.cryptoexchangescript.com/#contact-us