by Marvin Dumont
Apollo Foundation has launched Decentralized Exchange (DEX) which protects Apollonauts’ privacy and data when trading and transferring crypto funds.
DEX allows instant transactions between nodes so that users can make real-time trades of cryptocurrencies. Find out more on Apollo whitepaper.
The decentralized service can handle a large number of simultaneous transactions, while key functions are recorded on blockchain. It also operates on FastApollo protocol.
DEX is more secure and keeps you anonymous (with no KYC). This feature helps to make Apollo a truly private and unregulatable platform.
ApolloDEX uses the technology of the applied cryptocurrency itself, thereby ensuring the security and transparency of the trade. ApolloDEX solves the main problems faced by cryptocurrency markets, since they do not have a single point of failure.
Benefits of DEX
Decentralized crypto exchanges can improve security because no third-party service stores people’s funds. There are no centralized servers, which protects users’ data from being misused, stolen or hacked.
It helps you remain private and anonymous because, as mentioned, there’s no KYC or other ID requirements.
You can combine DEX with other Apollo features. With IP Masking 2.0 you can use the exchange in countries where such services are restricted or banned. While Coin Mixing obfuscates the source of funds. Encrypted Messaging also provides a secure communication channel for sensitive info.
According to our latest technical paper (Mar 2019):
Apollo distributed currency exchange (DEX) executes crypto assets exchange using orders. An order is an indication for the stock exchange to buy or sell a digital asset.
The main features of the Apollo DEX are a) the absence of a single central service/aggregator of agreements b) reduced commissions of the exchange service.
Apollo (APL) all-in-one privacy currency combines features of mainstream cryptocurrencies in a truly private and unregulatable platform. With two-second block speed, APL is one of the fastest cryptos on Earth. The privacy platform lets “Apollonauts” transact and send data anonymously via Encrypted Messaging, Private Ledger, Decentralized Exchange, IP Masking 2.0 and Coin Mixing. Learn more at www.apollocurrency.com