Editor’s note: a lot of people understand to the center of the exchange, only on the concept of cognitive. Therefore, this article will through the author’s own experience, to show the reader the most real exchange traded to the center of the scene.
Author Qin Xiaofeng |
| editor Lu Xiaoming
Introduction: to the center of the exchange
A lot of people understand to the center of the exchange, only on the concept of cognitive. Therefore, this article will through the author’s own experience, to show the reader the most real exchange traded to the center of the scene.
We choose to experience is IDEX, which is currently the largest Ethernet square to the center of the exchange Dapp. And the largest EOS to the center of the exchange of Dapp (Newdex), IDEX seems to be a stroke above.
(data from dappradar Odaily, the daily planet drawing)
Want to experience to the center of the Dapp exchange, if you know the URL, you can directly search; if you don’t know the web site, you can visit dappradar or dappreview query to experience Dapp IDEX, go to the official website IDEX.
(Dappradar website screenshot)
IDEX has just landed, and the traditional center of the exchange, we need to have an own account, here is a square Ethernet address account. We can choose a new address, can also choose to import their own existing Ethernet address square wallet.
Import existing address
Click on the top right corner of the page “UNLOCK WALLET”, enter your existing Ethernet address Fang’s private key, you can import the address and encryption currency.
(import private key)
Import an existing address need to import the private key may leak private key, if the wallet tokens more, this operation is not recommended. Of course, you can also choose to import an existing hard and soft wallet purse, just more complicated. For example, import hard purse, need to set the relevant parameters in the wallet into the soft hard; such as the purse, you need to expand the program to download the Metamask wallet, and related settings in which the two operations are more difficult.
(download Metamask extension)
Sorting from the security: create a new address > > into the wallet into the private key; sorting from operational simplicity: import the private key to create a new address > > Import wallet; combination of characteristics, we create a new address that is more suitable for white users.
Create a new address.
Click on the upper right corner of the “NEW WALLET”, enter the password and keep in mind that create a wallet address click the “CERAT WALLET”. Here is the password of your decision, format, number of characters are not required, can be QQ, or any other choice, you can remember. Why set a password, explained later.
Click the “download keystore file, save it on your desktop, again landing the account used to get when you click on the next step.
(download the keystore)
Appears in the box to save the private key (to save the lost, can not find), copy the suggestions in the paper, a few more backup.
(save private key)
Click Finish to create a chain of IDEX address, the address on the top right corner of the page, similar to the center of the traditional exchange operation page.
(New Wallet address)
Click on the address, will jump to the Etherscan (Ethernet Fang browser) page, the address is currently available on the square in the etheric state, effective address. But we create new wallet address in order to verify whether the normal charge money and money, in large transfers, can take a small ETH test.
Through the test, we create a new wallet address can be a normal charge coin and currency, with 4 minutes arrival.
In the transaction, we need to create a new wallet were transferred to the IDEX exchange address (IDEX address is actually to charge money). Click on the home page, and then click the “balance” to “charge money” can realize the transfer fee, GAS fee is normal, can be adjusted after the completion of the transfer to the transaction.
(coins, currency, charge transfer)
Here is a reminder that IDEX “filled coin”, refers to the landing at IDEX from the current wallet account to transfer IDEX address; “currency” refers to the IDEX address to our current login wallet account transfer; “charge money” and “money” similar to the center of the internal transfer of funds the exchange, but the transfer time is longer, it takes about 5 minutes of arrival (center of exchange instant arrival). The “transfer” refers to the current landing in IDEX wallet account to the other third party transfers.
Why does IDEX need to put money to charge into the exchange trading address? In fact, IDEX is a contract trading platform based on Intelligent Ethernet workshop, it adopts the mode of order book chain, the user must be to exchange currency address, all transactions brokered transactions through arbitration, according to the order of transaction, the final results released to the chain. Design of intelligent IDEX contracts, so that only the exchange has the right to submit a signed transaction to the etheric fang.
To the IDEX charge after the currency will encounter run away? To the center of the exchange is a feature that is not run away. We put the coin to IDEX address, can be reversed at any time your wallet, because it’s the default address exchange contract intelligent private key to the user is not restricted, although we can not see the private key.
Other steps and trading center of the exchanges, IDEX also limited price list (limited price) and market order (according to the current market price of the transaction; transaction fees), Maker (things) to pay 1/1000, Taker (active person to eat alone to pay 2/1000, and Taker) and also need to bear the Gas fee (no Gas fee the center of the exchanges).
From the Maker and the Taker cost difference can be seen, IDEX intends to allow more users to do Maker, acts as a liquidity provider.
In addition, because the Gas fee has been on the rise, IDEX provides transactions must be 0.15 ETH in order to carry out the transaction, no restriction of exchange center.
IDEX currently offers a total of 587 currency transactions, but the 372 currencies in 24 hours without any volume, accounting for 63.37%.
(IDEX trading area)
In addition, many people may wonder, why not the IDEX BTC, BCH and other mainstream currency? This is mainly because IDEX is built on Ethernet backbone Exchange Square, its transactions are etheric square on tokens, did not open and cross chain exchange other chain tokens, which affect its liquidity in a certain extent.
Some block chain startups will consider this issue, such as the Kyber Network company in January 31st of this year issued based on Ethernet Fang bitcoin ERC-20 token – WBTC, which is composed of BTC according to 1: 1 to the price of exchange, on the BTC, but the current market circulation is less than 70.
After buying coins, tokens can be from the IDEX address mentioned in his wallet account. One thing to note is that the IDEX minimum cash requirements of 0.04 ETH, the center of the exchange of currency is the minimum amount of 0.01 ETH.
(currency needs at least 0.04 ETH)
So far, we have completed the IDEX creation address, coins, and coins trading charge. At the end of the transaction, you can click on the page of the “SIGN OUT” to exit the landing.
Once again landing transactions, we can import the address “, specifically as follows:
Create and save new account before the import address “key”;
Import a previously saved keystore and your password;
Overall, to the center of the exchange for retail, higher threshold, misoperation easily lost key and lead to capital loss; in addition, some token is illiquid, Volume 24 hours depth is not enough, it is difficult to meet the scanty, general transaction demand.
At present, to the center of the exchange and the current world ranking center exchange in scale there is a large gap. CoinMarketCap data show that ranked first in the exchange currency trading volume reached 24 hours. 540 million dollars, this figure is 400 times more than the sum of IDEX and Newdex.
As Zhao Changpeng said: “the market has voting by foot, the center of the exchanges are more popular, trading volume and its liquidity are far higher than to the center of the exchange.”
Problem in front to the center of the exchange is, how to break the shackles of the inherent, Nirvana rebirth? If only for the pursuit of freedom, sacrifice other aspects (such as characteristics such as easy to use), so to the center of the significance is not great. To the center is not the ultimate goal, but a means.