Review on EtherDelta (ForkDelta) by toan van
Review the forkdelta decentralized exchange
Etherdelta is a large decentralized exchange that lists ERC-20 tokens soon on its platform to serve the needs of traders who want to exchange these tokens before their projects list them in the
mainstream trading platform.
Therefore, the cryptocurrency community named it the `` black market '', to trade on this exchange, users need to link their ETH wallet to the exchange, in their wallet, the balance of ETH must have at least 0.01 ETH as the transaction fee, then the user will enter the smart contract code of the ERC20 token they want to trade.
Pros
- Decentralization allows users to store their assets securely on their own ETH wallets
- It allows traders to trade before the project will list tokens on mainstream exchanges
Cons
- The interface is quite bad, the liquidity and price of tokens listed on this exchange are low.
- Because it is a black market, the authenticity of this exchange is not high.
