Review on EtherDelta (ForkDelta) by Olugbenga Ajayi
Can Etherdelta be hacked again?
Etherdelta(fork Delta) is aan exchange that provide a platform on which erc20 and all other ethereum based token. It was launched by Zachary Coburn.
The exchange is most adopted by user because of their low fees. For one thing, it doesn't charge on maker and for another, it charges 0.0001 eth for withdrawal.
The exchange although being a DEX and should have a measure of security, was hacked in 2017 and this is not encouraging at all. It is scary to trade on this exchange because history may repeat itself.
Another bad spot is that the like other decentralized exchange, etherdelta is slow in confirming order.
Pros
- The exchange charge zero fee on makers
- The withdrawal fee is cheap
- Being a DEX, the security is better
- User hold their funds in their ethereum wallet so it is non custodial
- It support erc-20 tokens and other ethereum based tokens
Cons
- Exchanges like this are always low on liquidity
