- Distributed exchange made of smart contracts
IDEX is a decentralized exchange for trading Ethereum (ERC-20) tokens. IDEX combines the speed of centralization with the security of blockchain settlement.
The idea of blockchain is always to bring decentralization into the fundamentals. Having a blockchain technology and a cryptocurrency whose invention was primarily based on "decentralization", if traded in centralized exchanges, then I must say "There is a conflict of interest". IDEX is a decentralized exchange for trading and exchanging ERC-20 tokens in Etherum Blockchain.
Fortunately, soon I encountered a DEX called IDEX. Initially I was reluctant to use it but my initial fears soon disappeared when I first tried it. In fact, I fell in love with it and that lead me to accumulate more of ETH and ERC-20 coins than any other crypto currencies.
Today, I present to you IDEX Exchange which solves the problems experienced on both centralized and decentralized exchanges. At the time of writing, IDEX exchange is ranked number 9 on the list of top DApps of 2019. All about IDEX exchange and how to trade on IDEX exchange will be discussed in this DApp review.
Idex is a decentralized exchange built on the ethereum blockchain, supporting erc20 tokens . Meaning you cant find btc or other main chain tokens there. Idex supportd the trade of over 300 tokens in a peer to peer environment using smart contracts to relay transactions on the ethereum blockchain. Idex acts as an intermediary that communicates transactions upon users command.
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