by Marvin Dumont
Apollo Foundation is developing Apollo Decentralized Exchange (DEX), an exchange service that will allow instant transactions between nodes. The DEX will enable real-time trades of several digital currencies.
According to Apollo whitepaper, DEX will handle a large number of simultaneous transactions, and will work on the basis of FastApollo protocol.
Decentralized exchanges are different from centralized exchanges. DEX allows users to control their funds, and important functions are placed on blockchain. They are more private (with no KYC) and can be more secure.
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 cryptocurrency exchanges can enhance security because no third-party service stores people’s funds. They also don’t have centralized server, which protects users’ data from being misused, stolen or hacked.
Moreover, you can remain private and anonymous: There’s no KYC and other ID requirements. And you can use the exchange in countries where such services are restricted or banned.
Apollo all-in-one privacy currency combines mainstream crypto features in a truly private and unregulatable platform. APL lets you transact and send data in total anonymity via tech breakthroughs such as private ledger, decentralized exchange, coin mixing, and advanced IP masking.
With 2-second block speed, Apollo is one of fastest cryptos on Earth.
Learn more about Apollo’s innovations: