Ren vs Newdex vs 0x
What problem does this service solve?
Republic Protocol aims to facilitate large cryptocurrency orders with minimal effects on their market price. | Newdex hopes to allow users to trade a variety of cryptocurrencies, with faster transaction times. | 0x is designed to serve as a decentralized exchange for the Ethereum blockchain. The protocol uses Ethereum smart contacts that allow users to participate in a decentralized exchange, while adopting certain features of centralized exchanges. |
Token Stats
Not Relevant |
Company Description
Ren, previously known as the Republic Protocol, is a decentralized dark pool exchange protocol; designed to support large volume trades, without effecting the prices of the assets being traded. The blockchain-based, dark pool protocol has built in privacy mechanisms and is provably fair. It uses secure multi-party computation (sMPC), and a network of Darknodes, to match orders without exposing their volume or price. Their private order book will also enable cross-chain trades of tokenized assets. The Singapore based company is also developing RenX, a decentralized dark pool exchange, built with the Republic Protocol. REN is the network's utility token. It provides security to the network, and is staked to enable the operation of a Darknode in the network. | Newdex is the first EOS based decentralized exchange. It's built on the EOS main chain and uses an off-chain matching mechanism to pair buyers and sellers. Newdex was hacked in September 2018, and lost around $58,000 worth of cryptocurrencies. Trading fees are 0.1%. | 0x is a decentralized exchange built on the Ethereum blockchain that allows for ERC20 tokens to be traded. 0x hopes to serve as a building block for creating decentralized exchanges. |