So far, this is not achievable as validators’ resources are limited and a lot of base layer protocols are competing for the very limited validators’ attentions.īy directly implementing DeX on Cosmos Hub, we can I expect the security for a DeX in Cosmos should be as high as Cosmos Hub due to the close relationship between exchanging tokens and inter-chain communications. To me, interchain-communication should also cover the exchange between different tokens where their chains are connected by IBC. When we talk about decentralized exchange, it is about the exchange between two tokens (selling token A and buying token B). I may have conceptual misunderstanding but I don’t mind sharing my view: This is controversial but also interesting.
BINANCE DEX ATOMS HOW TO
need to figure out how to bring liquidity to the DeX.block time and tps of the hub is not an enough figure to utilize competitive DeX.is it too late to pursue DeX application market?.it is relatively indirect to connect the Ethereum network than DeXs on Ethereum.how can we attract traders in Ethereum ecosystem?.Ethereum oriented DeX is the center of the market.it might be difficult to bring significant use-case considering current competition.community fund is an alternative approach.DeX as a permissioned CosmWasm contract : relatively less security risk.DeX as a native module in SDK : relatively more security risk and difficult to manage.they have less representativeness and much less staked security.they does not directly benefit ATOM value.benefit zones around cosmos ecosystem by providing DeX utility on the hub.more activities and growths directly on the hub.I would like to sum up the status and make this discussion continues in more constructive way.
"MetaFi" is Binance's umbrella term for all the latest tech projects: the metaverse, DeFi, GameFi, SocialFi, Web3, and NFTs.There exists some discussion about DeX on the Hub subject in telegram and discord channels. With BNB Chain gaining major technical updates, it’s time for the community to take a flight towards MetaFi." "The support of its community of users, developers, validators and delegators is vital to its health. "Above all, BNB Chain remains a community-driven, open-sourced and decentralized ecosystem," Binance said. The company hopes to make BNB chain a place for the hottest crypto trends of right now- NFTs, DeFi, and the metaverse. The plan, Binance said, is that the new, single blockchain will allow greater innovation. "Following in the footsteps of many other community-supported projects, BNB has been on its own evolutionary journey towards greater innovation and decentralization, and BNB has transcended Binance in terms of its use cases," Binance said. BNB will be made up of BNB Beacon Chain, previously Binance Chain, and BNB Smart Chain, the exchange said. Binance Chain allows people to transact on Binance's decentralized exchange, while BSC, which has smart contract functionality, is for building decentralized applications.īut the two will be rebranded under one ecosystem as from today, Binance said. Right now, Binance Chain and BSC are two separate blockchains.
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