Flippening - For Crypto Investors
Flippening - For Crypto Investors
Clay Collins
Decentralized Exchanges: A 2-Part Deep Dive w/ Alex Wearn of IDEX & Aurora DAO (Ep. 0033)
57 minutes Posted Dec 28, 2018 at 9:00 am.
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Description

This is part 1 of our series on decentralized cryptocurrency exchanges. I am joined today by Alex Wearn: Co-founder and CEO of Aurora Lab. Aurora Lab is responsible for creating IDEX, the number one decentralized application on the Ethereum network.

This deep is broken up into 10 chapters:

Chapter 1: A primer on decentralized exchanges and the problems they actually solve
Chapter 2: A step-by-step walkthrough of trade execution through post-trade settlement
Chapter 3: A history of decentralized exchanges
Chapter 4: The components and attributes of a decentralized exchange
Chapter 5: Control and regulation
Chapter 6: A review of the top blockchains for decentralized exchange
Chapter 7: Sourcing liquidity
Chapter 8: Different approaches to exchange tokens (Binance's BNB token, for example)
Chapter 9: A look at the organization around IDEX, Aurora DAO
Chapter 10: The future of decentralized exchange might look like

In this episode, Alex and I will concentrate on the first five chapters.

Listen in to hear what Alex has to say about the problems that a decentralized exchange solves, the smart contract-based approach, and the history of decentralized exchanges.

In this episode we discuss:

--Decentralized exchange definitions 
--Problems solved by a decentralized exchanges 
--Types of users attracted to particular feature sets 
--Pros and cons of decentralized exchange 
--How the dollar value of funds raised through an ICO in a given month correlates with revenue
--Steps that someone new to cryptocurrency would need to take to execute a trade on IDEX
--The smart contract-based approach
--The 0x protocol
--The history and emergence of decentralized exchanges
--How to handle the collision of taker orders
--The core functions that can be unbundled from each other in the execution of trades on an exchange
--The relationship between orders and trades
--Definitions of makers and takers
--Custody of funds and how it ties into trade settlement


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