“What is being proposed here is a multiplexing infrastructure for cryptocurrency exchange. In the same way that telephone and networking switches multiplex electromagnetic communications, cryptocurrencies and their exchange multiplex the storage, transmission and exchange of value.”Moreover:
“Existing DEX projects have the aim of making such a protocol “fat”, using it as a means to monetize their services, whereas what we are proposing is to intentionally make the protocol “thin”. By making the protocol thin and removing the incentives to centralize, our goal is to provide long term value by bringing added stability to the cryptocurrency exchange markets. Putting all cryptocurrencies on a more equal footing in the context of exchange will ease the process of acquiring cryptocurrencies, which will benefit the overall ecosystem.”As it stands, Decred wish to complete the build of their DEX within 6-18 months, for now though, they are planning on recruiting new developers to get the ball rolling. As this news has had a positive impact on Decred already, we expect the full roll out of Decred’s DEX to really see Decred into the future, at the top end of the markets.