Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: Cointalksmilez on April 23, 2024, 12:05:14 PM

Title: Is BRC20 DEX changing the game for decentralized trading?
Post by: Cointalksmilez on April 23, 2024, 12:05:14 PM
As I explored online trading, I chanced upon BRC20 DEX Exchange. It claims to make trading BRC20 tokens easy, which got me interested.
What really caught my eye is the BRC-20 DEX Bridge. It looks like it makes moving tokens between Bitcoin and other networks, like Ethereum, Binance Smart Chain, and Polygon, simple.

Could this mean I'll have more freedom with my assets across different platforms?
I'm really curious to see if BRC20 DEX Exchange could change the way I trade online
Title: Re: Is BRC20 DEX changing the game for decentralized trading?
Post by: Gurujebs on April 23, 2024, 12:54:53 PM
Quote from: Cointalksmilez on April 23, 2024, 12:05:14 PM
Could this mean I'll have more freedom with my assets across different platforms?
I'm really curious to see if BRC20 DEX Exchange could change the way I trade online

I have checked Coingecko and some other market metrics if I can see some any new Dex about BRC20 and I didn't see anyone, did you have anyone or this discussion is a proposed discussion on how to developed one for BRC20 tokens? If it's, then we are going to see more clug on mempool because trading on Dex means activity of Bitcoin will increase and more transaction will be waiting on the mempool for confirmation and that will make transaction speed more slower than already the way it's.
Title: Re: Is BRC20 DEX changing the game for decentralized trading?
Post by: MCcabe Rory on April 25, 2024, 08:07:50 AM
Quote from: Gurujebs on April 23, 2024, 12:54:53 PM
Quote from: Cointalksmilez on April 23, 2024, 12:05:14 PM
Could this mean I'll have more freedom with my assets across different platforms?
I'm really curious to see if BRC20 DEX Exchange could change the way I trade online

I have checked Coingecko and some other market metrics if I can see some any new Dex about BRC20 and I didn't see anyone, did you have anyone or this discussion is a proposed discussion on how to developed one for BRC20 tokens? If it's, then we are going to see more clug on mempool because trading on Dex means activity of Bitcoin will increase and more transaction will be waiting on the mempool for confirmation and that will make transaction speed more slower than already the way it's.

Seems it's a new concept and I could only find few details about it myself here. https://www.coincarp.com/events/brc-20dex-new-listing-on-bitget/ they aim to signify and improve defi trading