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Tuesday, February 20, 2024

First Layer 3 DEX hitting mainnet free up after more than 4 years of waiting time. Here is BIG files!

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https://twitter.com/VitalikButerin/position/1242553658195271681

This looks to be a truth for the rationale that delivery of Hydranets Layer 3 DEX, which connects Bitcoin and Ethereum over the Lightning Community, as well to the Connext Community.

For god is conscious of how long, bear we been battling appropriate scaling solutions. Gasoline costs exploding at some stage in bull runs, and initiatives in every single place attempting to fix these complications to no avail. We’ve had hundreds initiatives attempting to “fix” Bitcoin, and even attempting to “fix” Ethereum, which makes total sense, when they change into utterly unnecessary at some stage in height hours when we battle thru bull runs, much like in 2017, as well to in 2021.

The Lightning Community itself has been attacked by many as being a centralized solution, that regularly anybody is conscious of strategies to spend, but surprisingly we bear viewed exchanges much like Coinbase and Binance starting up to enhance it as of recently, which is immense files!

We’ve also viewed a broad shift in quantity transferring from CEX’s to DEX’s during the last few years, as KYC and AML has been enforced on lovely noteworthy all exchanges, with about a unregulated final smooth, who will presumably apply suit finally as well.

Cryptocurrency was intended as gaze to gaze electronic money in step with Satoshi Nakamoto’s whitepaper, but has shifted to an funding car mostly controlled by centralized entities. (CEX’s)

If you would adore to replace freely amongst other users, while conserving your privacy, there undoubtedly is now not many places to dash. Uniswap would now not spend orderbooks, but liquidity swimming pools.

Buying and selling with true Bitcoin is now not capacity either, Litecoin, and other money is gorgeous noteworthy the same narrative, except you’ll need to belief a third fetch along with your “wrapped” assets.

On high of that, it might per chance in all probability be predominant to strive in opposition to with a leisurely trading ride, as well to heavy costs, which is why most folk choose CEX’s when facing mountainous quantity.

There might be one device to all of this now, in consequence of The Lightning Community, as well to Connext (For Ethereum). Hydranet has been constructing their very personal DEX, where it’s some distance capacity for you to to replace true money lovely noteworthy straight, for subsequent to zero costs.

Hydranet’s Layer 3 DEX launched about a days in the past, and you’re going to even be in a jam to download it from https://www.hydranet.ai/en/download

DEX tutorials might per chance also merely additionally be discovered right here: https://www.hydranet.ai/en/tutorials

Here is smooth in mainnet BETA, meaning there’s trading limits for now, but it works extremely subtle. The Lightning Community affords privacy much like Monero, which makes it animated as well!

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