Review on Polkaswap by Adedamola Adeniji
Polkaswap An Exchange For The Future In Crypto World.
What if I told you that the girdlock encountered from trying to move digital asset from one chain to the other has been solved and that there is a decentralised exchange on which you have access to a great number of Cryptos
Yes! you can do these and more an Polkaswap.
Polkaswap is a Dex, focused on interoperability facilitating connection with other Crypto ecosystem.
Its stock in trade is liquidity security, convenience and a user centric interface, where quick exchange of assets can take place.
Its current DeFi applications is concentrated on functioning on Ethereum ecosystem
I discovered that Polkaswap is highly revolutionary pursuing the replacement of centralized exchanges with decentralized non custodial ones.
If you are futuristic like me getting on Polkaswap will be top priority for you because relevance in the Crypto world few years from now is the quantum shift of Crypto currencies industry and emerging networks to posses high quality decentralized trading exchanges to stay relevant.
Pros
- Access to good number of assets on many chains.
- It has lower gas fees compared to others.
- Fast transactions via substrate which is high performance on the ETH.
Cons
- Susceptible to hack.
- It is relatively new and hasn't stood the test of time.
