RAVENDEX provides us with a very user-friendly interface
Ravendex Liquidity decentralized cryptocurrency exchange is a platform that enables a unique digital asset exchange, operating within the framework of the Cardano Blockchain Ecosystem which will allow fast and near-instant transfers of assets and assets between native Cardano tokens and ADA, leveraging the Cardano EUTXO model known for its features such as the ability to share liquidity among the various assets in The Cardano Ecosystem. RAVENDEX operates on the principle of decentralization, therefore without the participation of a central authority. Decentralized exchanges allow you to trade cryptocurrencies in a peer to peer mode, i.e. directly between investors. For this reason, users do not need to transfer their own assets to the exchange, which reduces the chances of theft or hacking on the server exchange. Trade decentralization also prevents trading or price manipulation.
The crypto world is built on blockchain technology which is developed as a digital storage system itself in the form of a sequential block chain which is then assembled and distributed together. Each block consists of a ledger and 3 elements, namely data, hash and hash of the previous block. Blockchain technology then uses cryptography and adopts the concept of decentralized technology by making each server connected to each other and providing opportunities for all users as part of the validator or node in processing transactions. Thus, decentralization means decisions are made at each node that affect the behavior of the system. There is decentralization that forms a peer to peer network, so that sending digital currency sends email because it no longer uses a central bank in the transaction process. As a result, everyone can participate on the blockchain using mechanisms such as proof of work or proof of stake. Actually other systems allow new things in the IT world. Previously, there was use of older models like BitTorrent which was a decentralized network for sending files from one network to another. The choice of a decentralized system in the blockchain cannot be separated from the weakness of the centralized system. In systems that are often centralized, banks use their influence to control people using their own money. In fact, the bank can hold the owner's money if he wants. This leaves people with no free rein or their own money. For this reason, a decentralized system was developed which initially aimed to suppress and neutralize disturbances in the system. The goal is to increase the security of assets stored on the blockchain. The risk of disruption to the system is getting smaller and there is no party responsible for the system itself, so anyone who wants to interfere will be in trouble. For example, if the government blocks access to cryptocurrencies, digital assets can still work as usual because the data is stored on other computer networks, so if you want to disrupt the system, you must attack all networks that have digital asset data. Well, with that said, Ravendex is developing a decentralized automated market maker protocol that will allow users to exchange and trade genuine cardano tokens in an unbelievable way. On top of the Cardano ecosystem, the eUTXO architecture provides a unique opportunity for exchanges to accumulate liquidity.
DEX Non Custodian In the Cardano EcosystemPowered by $RAVE Building a Decentralized Protocol Fully Powered By Cardano more info :
https://t.me/RaversNest
https://ravendex.io/
https://github.com/Ravendexlabs
RAVENDEX is a protocol that allows sellers and buyers to exchange tokens without the need for order books and exchanges. It uses an algorithmic equation that determines the exchange rate, based on the balance of the two tokens mentioned, as well as the actual demand for the selected pair. RAVENDEX provides us with a very user-friendly interface and allows investors to exchange tokens without worrying about the need to register an account or any KYC procedures. RAVENDEX is not listed among the regular exchanges. You can't find specific quotes or buy orders there. In the case of a decentralized exchange, everyone has the option to add liquidity to the pool of their choice. Unfortunately, the people who provide this liquidity can receive it quickly, and this can cause problems with the sale of selected tokens. So, it is very important to ensure that the liquidity for the pair you want to trade is blocked.
#Rave #Ravendex #CardanoADA #Ravendexlabs #NFT
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