A dogecoin-focused platform has launched to allow peer-to-peer exchanges, or “atomic swaps,” of the resurgent cryptocurrency
In an announcement Wednesday, open-source cryptocurrency and blockchain options supplier Komodo stated its “DogeDEX” went dwell on March 1, and has already seen over 3,000 downloads. The service is powered by the AtomicDEX engine and is offered by means of each desktop and cellular apps.
Atomic swaps are a approach for customers to immediately trade cryptocurrencies with out want for a 3rd occasion reminiscent of a centralized trade.
The DEX additionally acts as a non-custodial pockets permitting customers to retailer their holding on the platform. Komodo stated its engineers are additionally within the strategy of constructing a fiat on-ramp within the subsequent month, so cryptocurrency purchases will be made immediately on DogeDEX.
“Crypto, just like the web, is a lot about neighborhood and dogecoin is the foreign money of the web. Decentralized exchanges and non-custodial wallets are a number of of our specialties and we wish to allow [dogecoin’s] appreciable fanbase to commerce crypto with the very newest know-how – Atomic Swaps,” stated Kadan Stadelmann, CTO at Komodo
NBA group the Dallas Mavericks recently announced it would quickly be accepting the meme-based cryptocurrency by means of crypto fee providers supplier BitPay.
DogeDEX will present a brand new approach for followers to acquired maintain of the cryptocurrency, with buying and selling venues not universally supporting the coin.