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Decred DEX Tutorial
Peer-to-Peer Atomic Swap Trading by Exitus @exitusdcr
0:00 - Intro + Basic Info
1:03 - Tutorial Start
3:09 - Registration fee
3:41 - BTC Node + Wallet
4:44 - Entering a Trade
5:36 - Checking Swaps + Fees
5:56 - Looking Forward
6:48 - Outro
The Decred Decentralized Exchange (DEX) is a system that enables trustless exchange of different types of blockchain assets via a familiar market-based API. DEX is a non-custodial solution for cross-chain exchange based on atomic swap technology.
DEX matches trading parties and facilitates price discovery and the communication of swap details. Matching is performed through a familiar exchange interface, with market and limit orders and an order book. Settlement occurs on-chain. DEX's epoch-based matching algorithm and rules of community conduct ensure that the order book action you see is real and not an army of bots. Trades are performed directly between users through on-chain contracts with no actual reliance on DEX, though swap details must be reported both as a courtesy and to prove compliance with trading rules.
Trades are settled with pure 4-transaction atomic swaps and nothing else. Because DEX collects no trading fees, there's no intermediary token and no-fee transactions. Decred is an autonomous digital currency. With a hybrid consensus system, it is built to be a decentralized, sustainable, and self-ruling currency where stakeholders make the rules.
Note: SPV mode will be ready in the next #DEX release which should be in early May.
Find out more about Decred: https://decred.org