What Is AtomicDEX?

This article was first published on Komodo Platform | En
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What Is AtomicDEX?

AtomicDEX is a 100% non-custodial multi-coin wallet and atomic swap DEX. AtomicDEX users store coins in their own wallets and make cross-chain swaps while always controlling their private keys.

AtomicDEX is the first end-user application built on top of a purely agnostic atomic swap protocol. The underlying protocol can be used by open-source developers to build a wide array of robust applications, including white label wallets wallets, DEXs, and DeFi applications.

What AtomicDEX Is Doing Right That Everyone Else in DeFi Is Struggling to Do

  1. Many DEXs in the blockchain space today aren’t genuinely non-custodial since user funds placed in liquidity pools are constantly exposed to impermanent loss, rugpulls, and vampire attacks. AtomicDEX, in contrast, avoids these issues by using decentralized P2P order books.
  2. Unlike most DEXs that exist today, AtomicDEX doesn’t limit trading to a single blockchain protocol. AtomicDEX offers the widest cross-chain and cross-protocol support in the entire blockchain space. It’s easy to trade BTC, ETH, all ERC-20 tokens, KMD, and hundreds of other digital assets natively from dozens of blockchains — no proxy tokens required.
  3. Atomic swaps are designed such that the swap takes place and both traders receive the funds they desire, or nothing happens at all and both traders retain the funds they started with (minus a very small transaction fee for the “order-taker”). Atomic swaps make digital asset trading as secure as it can possibly be.

What Is the AtomicDEX Stress Test?

Want to try the holy grail of DEXs? We're running the AtomicDEX Stress Test on December 12 & 13, 2020. Make atomic swaps and win free KMD, QTUM, FIRO, EMC2, RVN, VRSC, and NAV. Download AtomicDEX and register for prize opportunities!

Testing AtomicDEX in the wild with thousands of users ensures that we are hardening the tech in ways that haven't been ...

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