rickng123
8 months ago  Karma: 10
Is plasmachain a decentralized exchange?

Could decentralized exchanges use plasmachain to process their transactions?

en
Exchange
plasmachain
trading
rickng123
8 months ago  Karma: 10
Is plasmachain a decentralized exchange?

Could decentralized exchanges use plasmachain to process their transactions?

en
Exchange
plasmachain
trading

3 ANSWERS
hhtew
8 months ago Karma: 70

The next stage will be to build in a decentralised exchange to transfer between plasma chains. It will be part of the protocol layer and will operate quite differently to the way current decentralized exchanges work.

The next stage will be to build in a decentralised exchange to transfer between plasma chains. It will be part of the protocol layer and will operate quite differently to the way current decentralized exchanges work.

harald01plessner0132
8 months ago Karma: 61

DEX is only one of the functionalities that Loom intends to bake into Plasma Chain. I think it's more like a central hub that will connect several side chains to the main chain.
Just a quick example: you don't have to trade a token on PlasmaChain. Instead, you can (i) transfer a token from a sidechain through PlasmaChain to your Ethereum wallet or (ii) move a token from a side chain to another side chain.
Of course, if you are going to transfer to another side chain, the whole process will be easier and quicker because the transaction will not hit the main chain.

DEX is only one of the functionalities that Loom intends to bake into Plasma Chain. I think it's more like a central hub that will connect several side chains to the main chain.
Just a quick example: you don't have to trade a token on PlasmaChain. Instead, you can (i) transfer a token from a sidechain through PlasmaChain to your Ethereum wallet or (ii) move a token from a side chain to another side chain.
Of course, if you are going to transfer to another side chain, the whole process will be easier and quicker because the transaction will not hit the main chain.

teodosio.mallozzi
8 months ago Karma: 53

Other sidechains will be able to use Plasma Chain as a DEX for faster and cheaper transactions.

Other sidechains will be able to use Plasma Chain as a DEX for faster and cheaper transactions.

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