Decentralized exchanges have been securing digital assets with the scalable and seamless features of exchanges. DDEX empowers wallet-to-wallet trading of cryptocurrencies. Among the greatest advantages of DDEX is the ability to trade tokens securely without having to open an account and share your name, address, and other personal information. There is no lockup period in DDEX for deposits and withdrawals. Moreover, this cryptocurrency exchange platform development helps to prevent theft and saves time and money.
What is DDEX?
DDEX is a decentralized application that functions as an exchange. It allows you to trade one asset for another. It is different from other cryptocurrency exchanges like Coinbase, and Bitstamp. There is no requirement for you to deposit tokens for completing an order. Thus, you don’t need to share your personal information.
A website script that contains all the features and plugins of DDEX exchange enables you to start your own decentralized exchange similar to DDEX.
Why Develop DDEX Cryptocurrency Exchange Software?
● No Registrations or Sign-ups
The user can directly access the exchange without any registration or sign-in option.
● Increased Transaction Speed
DDEX is featured with a better transaction speed through the advanced plugin options.
● Direct Trade
No deposit is required as the trade takes place wallet to wallet using Smart Contracts.
● Market Order Capacity
DDEX supports a large volume of trade that further helps to generate revenue.
● A User-friendly UI
DDEX has a user-friendly, attractive, and powerful user interface to enhance user engagement.
● Lower Gas Fees
It charges lower gas fees for transactions.
● Hydro Protocol Integration
Advanced capabilities enable through hydro protocol integration.
● Seamless Stablecoin Trading
DDEX offers seamless and automated trading around the clock.
● Secure Transactions
It assists safe and secured transactions through audited Smart Contacts.
● Improved Liquidity
This decentralized exchange has better liquidity which is an important factor for investors.
What is DDEX Clone Script?
DDEX platform contains plugins, modules, trading options, and security features. It helps businesses in a crypto exchange platform development with real-time API capabilities, fast transactions, unmatched order matching, greater liquidity, and low fees.
Understanding the Working Parameters of DDEX
Technically, DDEX has a relayer that relays liquidity information. Essentially, relayers use cryptographically signed messages sent by market makers to construct an order book. The term “market maker” refers to anyone signaling an intention to trade a specific quantity of one asset for another at a particular price during a specified time frame.
The maker issues the instructions in the form of orders. Another term associated with makers is liquidity providers. They are responsible for providing the liquidity information that relayers relay.
Afterward, a taker agrees to buy the asset at a price specified by the maker that fulfills the order. The smart contract is created, and the transaction is recorded on the blockchain. This process is called order settlement.
The 0x protocol is responsible to settle orders for ERC20 tokens on the Ethereum network. The exchange aspires to be blockchain agnostic. Eventually, it will include support for other blockchains. Next, the QTUM blockchain will be supported, according to the white paper. Thus, in this situation, DDEX will support both ERC20 and QRC20 tokens.
Benefits of DDEX Trading Clone Script
Progressive cryptocurrency demand is causing a surge in crypto exchange platforms like DDEX. Here are several benefits that come in handy with reliable DDEX clone development solutions.
● HTTPS Authentication
The HTTPS authentication process protects the platform and users from fraudulent transactions and unauthorized access.
● Margin Trading Capabilities
The users can perform trading at various margins. You can invest in a crypto exchange script with a margin trading module. It ensures that users protect their losses and enjoy massive profit opportunities.
● Multi-Signature Wallet:
The purpose of a multi-signature wallet is to ensure multi-layered security for wallets. DDEX clone allows businesses to build a decentralized exchange like DDEX that is integrated with a wallet that provides multiple barriers to unauthorized access.
● Cross-site Request Forgery Protection:
Cross-site request forgery protection prevents the entry of any unwanted data into the system from the user’s side. Moreover, this protection module is part of the package.
● Boosts the Brand Visibility:
Due to the market-leading features of the DDEX script clone platform, your brand will generate a strong response from your customers. Besides this, businesses can shift their focus toward marketing and branding.
Concluding Thought
DDEX is a decentralized application with better digital exchange features. With its unique network layer, DDEX is different from other decentralized exchanges in terms of its liquidity. It allows the exchange of many valuable coins.
Hashlogics is a leading crypto exchange development company that offers clone scripts of major exchanges to launch your cryptocurrency exchange software and crypto exchange platform development.
The major clone scripts that we provide involve the Binance clone script, Poloniex clone script, Okex Clone Script, IDEX clone script, and a lot more.
