Purely on-chain DEX. No log-based indexing.
Is it feasible? What scale would break it?
Purely on-chain DEX. No log-based indexing
Tyler Perry
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Samuel Peterson
it will be fucking slow
Jason Russell
It will be impossible to take down on the other hand. Can't sue someone who neither takes fees or provide essential services.
Anthony Hernandez
I don't think it's realistic in ETH's current state. That's why serious projects are investing so much in second layer scaling like Plasma.
Logan Turner
yes its possible but eth has 12 sec block times, so every order you make will take 12 seconds. and it will only be for erc20 tokens..
>Purely on-chain dex
yes its possible to do with other coins but it would take a lot a lot of work since youd have to intergrate each node for each network and each coin would have to be manually code in
Lucas Nelson
>every order you make will take 12 seconds
no no no, every order will take AT LEAST 12 seconds and there is no guarantee it will be executed at all
>implying this is in any way a sound plan
Ryan Reed
Thinking about a purely Eth based dex to not try to blow up the scope of this.
Given that reading data from a contract doesn'y consume gas/is free, one can put very little effort into ordering the transactions stored in the contract. Or am I mistaken?
Kayden Price
thats right. but you will still need the order book onchain which means that writing an order, takes 12 seconds and filling an order also takes 12 seconds
Nicholas Gonzalez
i should say also the problem is not ordering the orders in order. the front-end client can do that. you just give each order an id, and the front-end can handle how you pick the order.
(ive built a fully onchain dex for both eos and eth btw)
Jonathan Butler
True. While this makes the thing utter shit comparing to an off-chain exchange usability wise, the benefits could make it popular for niche use cases.
Jacob White
No block chain is a good choice for an exchange. If you need a competition then try to take down binance by being better.
Adam Turner
Like money laundering?
Jonathan Turner
On Binance, I have to trust CZ. Wouldn't be the case here, which would open a lot of different use-cases up.
Like an exchange that allows all tokens and can't be sued to any capacity.
Aaron Richardson
Guess so. the only entities that would be legally responsible would be the ones that do this criminal act.
Personally, I'd like to trade random utter-shitcoins in a reliable place that can't really be shut down. Given Etherdelta recent downfall via legal warfare , it is a nice thing to have on hand.
Brandon Moore
I don't like Binance myself. Anyway, regulators are going after P2P networks powering DEX. I would not bet my money on those networks being truly censorship resistant. It's just illusions.
Benjamin Rogers
I can't find anything on Etherdelta's legal warfare. Links?
Michael Ramirez
>mastering ethereum
Jose Edwards
How could they possibly censor a dapp that runs entirely on chain? They would have to attack the whole network, they wouldn't be censoring the dapp, they would be censoring ethereum
Jayden Harris
Jonathan Johnson
That will happen at some point.
Asher Brown
I think it's been already implemented with BitShares. You connect a currency using atomic swaps
Jaxon Smith
can someone link me to this epub please?
Michael Diaz
Buy the book ffs
Kayden Reed
no. I didn't buy Mastering Bitcoin, why would I buy this one?
Wyatt Hernandez
bitcoin is not a dapp platform
Nolan Wilson
Because the authors put effort into writing it.