Review on Exchange Union by Pedro O. Alvino M.
Decentralized project connecting digital asset exchanges
Platform that facilitates the process of exchanging digital assets by providing liquidity and support that allow the merchant to escape market volatility and lack of liquidity, in addition to having adaptable and usable tools for developers that can obtain notable benefits for the contribution to the platform.
Through an open source node that is fully accessible through the Exchange Union repository (XUD) GitHub, it is an open source hybrid that is responsible for secure and instant commerce that generates trust for merchants, in addition to being composed by three state-of-the-art blockchain-based teams.
An ecosystem that benefits both exchanges and merchants thanks to the security it offers and the transparency it has due to the accessibility of the order book that acts in a decentralized way, in addition the exchanges will benefit from an increase in the generation of rates when they provide liquidity to other users.
Pros
- It is developed and governed in an open source, user-friendly and secure way.
- Integrated with an open source node that allows instant and secure merchants
- XUD nodes can support any token or blockchain with payment for channel technology.
- Consists of a decentralized order book (DOB)
- Offers XUC as a means of incentive for users and developers, as well as exchanges to provide liquidity.
Cons
- Several competitors face decentralized exchanges that can offer a similar service.
- It has very low popularity in the market despite reflecting a good daily volume of its token.
- It is not yet compatible with mobile equipment
New products
Comments (1)
July 21, 2020
Used it only once, wasn't a friendly experience to be honest. The user interface looks a little bit complicated even for me the Dex experience crypto trader. Was one shot trial though but never went back to use it again.
