June 24, 2021

Komodo works with DOGE neighborhood to launch DogeDEX

2 min read

CryptoNinjas” Komodo deals with DOGE neighborhood to release DogeDEX

Komodo, an open cryptocurrency project and blockchain options provider, is uniting Shibas worldwide on DogeDEX, a peer-to-peer decentralized exchange powered by the AtomicDEX engine. DogeDEX has actually currently collected 3,000 downloads and 179,212 swaps of DOGE given that its restricted release on March 1st.

“Crypto, like the internet, is a lot about community and Dogecoin is the currency of the internet. Decentralized exchanges and non-custodial wallets are a few of our specialties and we wish to make it possible for Shiba’s considerable fanbase to trade crypto with the really latest innovation – – atomic swaps,” Said Kadan Stadelmann, CTO at Komodo who developed the AtomicDEX engine that will power DogeDEX.

DogeDEX: Shiba-powered Dogecoin wallet and decentralized exchange. DogeDEX powered by Komodo The DogeDEX is designed with functionality in mind so users can register and trade within minutes, all updates to the underlying AtomicDEX engine will instantly update the DogeDEX too, to guarantee it remains as efficient and advanced as possible.

The DogeDEX will be readily available on desktop, by means of browser, and mobile app. It will likewise double up as a non-custodial wallet so users can save crypto securely by means of the platform, and the Komodo engineers are constructing a fiat on-ramp in the next month so cryptocurrency purchases can be made directly on DogeDEX.

Atomic swaps allow traders to exchange crypto straight, peer-to-peer, without the requirement for a 3rd party or intermediary.

This permissionless and decentralized system records the essence of blockchain technology; democratic and transparent record-keeping where the users themselves retain custody.

Komodo performed the really first DOGE to ETH atomic swap back in 2017, having a vested interest in this native internet currency.

CryptoNinjas” Komodo deals with DOGE neighborhood to introduce DogeDEX