An American entrepreneur and a fairly well-known cryptocurrency adept John McAfee launched the decentralized exchange (DEX), working on the Ethereum blockchain. McAfee DEX began its beta operation today, October 7th.
McAfee has always considered centralized exchanges a weak point in the industry. He also stated that the creation of a decentralized developed infrastructure is a rather complex and long process that will require a lot of time, but it’s worth it.
“A distributed exchange can’t be shut down by anyone. Decentralized meaning that nobody controls it, distributed meaning that it is everywhere and therefore impossible to stop. We’ve had privacy coins, that’s the other part of this equation, because privacy coins with decentralized, distributed exchanges is the goose that lays the golden egg for us. We don’t use it though” – McAfee said.
Details of McAfee DEX beta
According to published data, McAfee DEX does not require any checks, such as “Know Your Consumer check”, does not block jurisdictions and charges a single platform fee of 0.25% of the transaction amounts.
McAfee pointed to a small number of traders who currently use decentralized exchanges in his October 5th video.