Apollo Foundation is developing Decentralized Exchange (DEX) which protects Apollonauts’ privacy and data when trading and transferring crypto funds. Trades will be done via atomic swaps.
Steve McCullah, director of business development, says:
The Apollo DEX will be one of the safest ways to trade crypto on Earth. Unlike most “DEX” platforms that still have the ability to freeze assets, take funds and implement KYC, the Apollo DEX has no governing entity. Trades will be accomplished through atomic swaps.
DEX allows instant transactions between nodes so that users can make real-time trades. It can also handle a large number of simultaneous transactions, while key functions are recorded on blockchain.
Per Apollo’s updated technical paper:
Apollo distributed currency exchange (DEX) executes crypto assets exchange using orders. An order is an indication for the exchange to buy or sell a digital asset.
The main features of the Apollo DEX are (1) the absence of a single central service/aggregator of agreements and (2) reduced commissions of the exchange service.
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.
Apollo (APL) all-in-one privacy currency combines features of mainstream cryptocurrencies in an unregulatable platform. With two-second block speed, APL is one of the fastest cryptos on Earth. “Apollonauts” use features such as Encrypted Messaging, Smart Contracts, Decentralized Exchange, Dapps, and Decentralized File Storage.
Learn more at www.apollocurrency.com