What is Waves’ DEX?

Waves Tech
Waves Protocol
Published in
2 min readApr 20, 2017

It’s a decentralised exchange, built into the Waves blockchain. The DEX allows users to trade their tokens — including WAVES, BTC and any other assets issued on the Waves platform — completely trustlessly and without having to move their funds to a centralised exchange.

What makes it fast?

Orders are paired on a centralised basis by Matcher nodes. These execute a trade but have no access to funds. The trade is then settled on the blockchain for maximum security.

All orders are sent to a centralised server…

…which matches incoming orders at high speed…

…but actual transfer of funds happens on the blockchain.

Why a decentralised exchange?

Centralised exchanges can be hacked, robbed and DDoS’d — and often are (MtGox, Cryptsy, Bitfinex, Poloniex…)

It is not logical or safe to store decentralised assets on a centralised platform!

Can I profit from running my own Matcher?

Absolutely! Just install the Waves software and enable matching functionality. The Matcher earns fees from the services it provides, so you can substantially increase your mining revenues.

How can I use DEX?

Simply download the Waves client from our official website, www.WavesPlatform.com, or use our webwallet, available at Waveswallet.io. You can deposit your bitcoins into the wallet and start trading using the Exchange tab.

Waves on Telegram:

Join Wavescommunity on telegram: https://t.me/Wavescommunity

Join Waves News channel: https://t.me/wavesnews

--

--

Waves Tech
Waves Protocol

Waves Tech is a powerful blockchain-agnostic ecosystem focused on inter-chain DeFi, the embodiment of technological freedom for blockchain-based finance.