An inside look at the features powering our decentralized exchange.With the Resistance Desktop Application in full working order, and our IEO not far away, we thought now was the time for a FULL DEMO of the ground-breaking decentralized exchange platform we’ve developed.
Our Lead Technical Consultant Luke Wegryn has created this short video showing just how easy Resistance makes it to exchange cryptocurrencies quickly, safely, and in private.
In the video, Luke will talk you through the key features that make our platform so special. These include:
ResDEX, the Resistance decentralized exchangeNavigating accounts and wallets with easeAdding privacy to a trade with RES, our privacy coinSending and receiving cryptocurrency quickly and easilyAdvanced atomic swapsEnhanced privacy featuresCPU-friendly mining with the click of a buttonTransparent and Private transactionsFiat gateway — buy Bitcoin and Ethereum with your credit card
As you can see, ResDEX is like no other decentralized exchange that came before it. For the first time, users with little to no trading experience can take advantage of the advanced security features DEX technology provides. Easy to use, fast, and liquid, ResDEX is paving the way — stay tuned folks!This Post originally appeared here on:https://medium.com/resistanceio/resdex-demo-d3b09a236d78
The most obvious benefit of a DEX is the same as with any decentralized application, which revolves around the philosophy of cutting out the middlemen and returning interactions to peer-to-peer, permissionless models without central authorities. More specifically, decentralization creates censorship-resistance, which in the case of decentralized exchanges means that no central authority could forcefully impose regulations, or even ban currencies and/or the exchange itself. This is especially important considering that many countries are clamping down on cryptocurrency trading. For example, the two most populous countries on earth, China, and India, have banned cryptocurrency exchanges, while countries including Mexico, Russia, Saudi Arabia, and Brazil have restricted cryptocurrencies.TWINS is the best Cryptocurrency project today, the development team has a very interesting proposal and the main product will be a totally decentralized exchange.the project is also interesting and well-crafted, very organized, with a short script and good professionals. The project itself has great potential for valorization, not only for the technical qualities, but for the ideal of the project as a whole.
The TWINS crypto platform will be a truly decentralized, cross-network, peer-to-peer Exhange that will facilitate the direct portfolio-to-portfolio transaction of digital assets among network users. The TWINS encrypted currency will be used to power a platform for buying and selling order listings and to reward decentralized and backed up hosting by the network node community.
The trade in crypto-coins and digital assets can not be continuous, autonomous and secure when third parties are involved in such transactions. Our mission is to facilitate direct transactions among users without any intermediate obstruction, resulting in a safe, transparent and efficient market, "said Alex Rožanski, co-founder of New Capital. "This peer-to-peer market is essential not only for encrypted currency exchanges but also for trading all kinds of digital assets in the future, such as symbolic art, Internet domain names or even phone numbers. Once the platform is in place, this architecture has unlimited possibilities, and can facilitate peer-to-peer lending or even make direct bets between the parties.
To ensure that win.win is fully autonomous, independent, and free from external influences, the development and maintenance of that platform must be fully funded through a self-sustaining, community-based business model. This important requirement is fulfilled by the reward structure of the TWINS masternode, allocating 10% of the rewards of the block to the development fund.
The win.win platform is the first project to be supported by New Capital, an incubator that supports and advances transforming infrastructure projects, and the NEM foundation, developer of high-performance blockchain technology.
TeamContaining a team of eight experienced people, in the areas of telecommunications, cyber security, blockchain and business development. All dedicated to initiate and direct solutions that allow the mass adoption of our digital transformation and appreciation of the Internet, being:That said, when the decentralized infrastructure is ready in a full-fledged manner, it will breathe a new life into the cryptosphere. People will be able to participate without worrying about the safety of their funds.
What more do we crypto enthusiasts need!
I have shed some light on why decentralized crypto exchanges will be the future.Without Decentralized Exchanges, the peoples’ ability to invest in crypto is subject to governments, so cryptocurrency becomes hardly more democratic than traditional asset markets. Governments can exert control over centralized exchanges, and users are subject to authorities who may at any moment track and tax users, or ban currencies.This project is being supported/backed by NEW.Capital, a registered company whose mission is is to ensure that new great ideas are not lost have the best chance to succeed. New Capital is a registered company with operational offices at different locations of the world. This is the first time I am seeing a masternode project actually being supported by a real company.
many of the New Capital team members are part of the Win Win project and that's a big booster because they are on public platform with their linkedin profiles, they have nothing to hide.
This project has been started without any kind of premine or an ICO being held. we hardly see any project which have a multi member experienced team and it is started without any ICO/Premine. They do have 10% of the block reward contributed as Dev fund and that's rational considering that they need funds to go on in future.
Many of the so called masternode projects are listed on some shady or not known exchanges and many of the users do not participate due to unreliable exchanges. But here due to the support of New Capital , they have been able to strike a partnership with the bitsane exchnage. (read here https://bitsane.com/news/post/20190116/partnership-announcement). This is a great achievement for a starting project.Users are in control of their own funds and broadcast orders to the network from their end. The security and encryption aspects of this process are handled on the user-end, as there is no centralized server.
With the framework and definitions presented in this guide, you’ll be able to make the distinctions between a true DEX and a centralized exchange for more informed decision-making.Official project links:
www.lbrt.ioDiscordBitcointalkMasternodes OnlineLead dev's LinkedIn profileWhile we are listed as an ICO on masternodes.online, there was alot of upfront investment in ensuring that Liberty coin was ready for production prior to launch. The DX has the following coins already working:ARIONBITGBTCDASHDGBDOGEEMC2LBRTLTCMONAPIVXRVNVTC
I agree with everyone here - the community is great and very supportive in terms of helping with technical questions etc. What I love about the direction of this project is that they are focusing on something that is relevant and very much required in the current state of crypto. Building a DEX ontop of EOS brings a couple of advantages:Low barrier to technical entry - EOS code is written in C++ and provides a very low barrier to entry for traditional programmers. This is in opposition to Solidity which Ethereum is built upon.DEX are the way of the future - Centralised exchanges have served their purpose up until now. It is unfortunate that these days things like: wash trading, high listing fees, and hacking have become an issue for centralised exchanges. This goes against what crypto stands for, which is true decentralisation and power to the people. As we see DEXs on the rise, we will see further growth in this space.Community driven - Much like my above point, the direction this project takes is decided by the community, and that's what true decentralisation and crypto represents!I'm very happy supporting this project for the above reasons, and am slowly increasing my stack (7 MNs and counting!).