The first release of EOSfinex, the decentralised exchange based on the EOSio software, has finally been launched.
The announcement was made today via Twitter with a short video that illustrates the main features: scalability, speed, innovation, liquidity, transparency and control.
eosfinex is here.
eosfinex combines the speed and scalability of EOS with Bitfinex’s industry-leading trading expertise, resulting in an on-chain exchange built around speed, transparency and control.
— eosfinex (@eosfinexproject) July 30, 2019
EOSfinex supports tens of thousands of transactions per second, thanks to the use of Proof-of-Stake and is completely onchain: in fact, all transactions are stored on the EOS blockchain, allowing them to be monitored and verified by anyone.
This is a decentralised exchange that allows trustless trading with full exclusive control over one’s own funds using open source technology. In addition, it promises very low fees and a selection of all major cryptocurrencies, such as BTC, ETH and EOS, which can be traded for a version of Tether based on EOS.
EOSfinex is presented as an exchange that combines the speed and scalability of EOS with the trading experience of Bitfinex.
According to the roadmap, the first release of EOSfinex was supposed to be launched in July 2019, which is exactly what happened. The next phase, which should take place in August, will be the open-sourcing of the code to everyone so that it can be optimised by the community.
By connecting to eosfinex.com/trading it is already possible to see the first orders and transactions. Some tutorials have been published in order to become familiar with this new tool, showing how to take the first steps on the platform.
In addition, a dedicated official Telegram group has been opened, which already has almost a thousand members.
Decentralised exchanges are an important development, as they allow trading using proprietary wallets without having to deposit funds on the exchange. However, they are often slow or not very liquid.
EOSfinex proposes itself as a possible solution to these problems. Although, while the solution to the speed issue may already have been found and included in this release, as far as liquidity is concerned, the solution is yet to be verified.