Komodo's AtomicDEX Exchange Runs a P2P Full Node in Your Web Browser

Published on by Cointele | Published on

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The developers of privacy-centric blockchain Komodo claim that it has created an implementation of its AtomicDEX that runs a full peer-to-peer node in the user's web browser.

The company has expanded its AtomicDEX mobile decentralized exchange to work in web browsers on all major platforms.

"Users who wish to make trades using AtomicDEX will be able to do so by simply visiting a URL and logging into their account; there is no need to download an application. Once a user visits the page, the AtomicDEX application will load into the browser and spin up a standalone p2p node. The application will be entirely client-side; no sensitive data or private keys will be transferred to a third party over the course of an exchange."

"AtomicDEX is the undoubted industry leader"The beta of the mobile DEX launched its public beta earlier this fall and has seen over 3,500 beta testers so far.

"While it's common to hear industry participants throwing around the terms 'DEX' and 'atomic swaps' to describe their tech, most solutions on the market have been pure hype or have seriously compromised their stated commitments to decentralization. Komodo's AtomicDEX is the undoubted industry leader, and we are fully prepared to back that statement up, full stop. We've been working on atomic swaps since 2014 and have even collaborated with their inventor, Tier Nolan."

"Not really, as it's no more centralised than any other software distribution platform/channel for any other DEX. By that metric, other websites and repositories where people can download a DEX can also be seen as a sort of centralised distribution medium and central point of failure."

"The DEX software itself has validation mechanisms that would ensure that users are using the real and authentic DEX software. Unsigned and thus potentially malicious software won't be able to access the real DEX network."

"AtomicDEX is natively compatible to be used with the APIs of various centralized exchanges. So any end-user could attach his DEX node to a CEX through their API key - this way the user can mirror the CEX orderbooks over to the DEX and just add a small margin to even make profit out of the deal."

Developments in the DEX space are becoming ever more frequent as competition heats up in what many believe to be the future of cryptocurrency trading.

In the latest example, Waves DEX recently announced a shutdown in preparation for renewed operations as a hybrid exchange.