Why Decentralized Exchange Protocols Matter — Fred Ehrsam

Decentralized exchange is early today but feels like it will be essential in a few years. First, the difference between a decentralized exchange and a decentralized exchange protocol:

Fred Ehrsam Why Decentralized Exchange Protocols Matter September 27, 2018 5 mins Decentralized exchange is early today but feels like it will be essential in a few years. First, the difference between a decentralized exchange and a decentralized exchange protocol: EtherDelta, an early decentralized exchange A decentralized exchange has some combination of decentralized properties. At the moment this most likely means some mix of 1) on-blockchain trade clearing, 2) ability for users to retain control of their funds, and 3) hosting an orderbook in some decentralized manner (this is currently in

related reading

• Fat Protocols | Union Square Venturesusv.com
• The Meaning of Decentralizationmedium.com
• Sufficient Decentralization for Social Networks - Varun Srinivasanvarunsrinivasan.com
• Should Ethereum be okay with enshrining more things in the protocol?vitalik.eth.limo
• The Future of DEX Trading – Variantblog.variant.fund
• Guide To Decentralized Finance – Finematicsfinematics.com
• [1904.05234] Flash Boys 2.0: Frontrunning, Transaction Reordering, and Consensus Instability in Decentralized Exchangesarxiv.org
• Designing Token Economies - Not Boring by Packy McCormicknotboring.co
• Sufficient Decentralization - by Marc Boiron.docxvariant.fund
• A whirlwind tour of Ethereum finance — LessWronglesswrong.com
• Uniswap: The Basicsglobalxetfs.com
• What Is an Automated Market Maker (AMM)?academy.binance.com