DEX development on Dogechain
The blockchain industry is a continuously evolving space. The potential use cases and the ever-emerging new trends and technologies are the driving force behind the growth in this relatively young industry. More and more users across borders are getting involved in crypto as investors, builders or fellow metaverse citizens.
To facilitate this demand the industry needs more reliable & secure blockchains for a pleasant experience for blockchain enthusiasts and a transparent trading environment for the traders.
Not surprisingly, decentralized cryptocurrency exchanges are attracting much attention, with many founders looking to launch their own DEX.
What is Dogechain?
Dogechain is a standalone EVM-compatible blockchain created with the Polygon Edge framework. It’s a community-first project that aims to provide added utility to $DOGE holders.
The platform was created by Dogecoin enthusiasts to provide $DOGE holders with added utility. Dogechain allows holders to wrap their $DOGE with a smart contract and use $wDOGE to pay for gas on decentralized applications on top of Dogechain.
The ultimate goal for the platform is to create a decentralised ecosystem of useful dApps powered by the original Dogecoin.
What is a Decentralised Exchange?
A decentralised exchange (DEX) is an independent financial service that facilitates direct peer-to-peer crypto transactions in a secure way and without the need for an intermediary.
Through decentralized exchanges (DEXs), users can trade digital assets with each other without the need for a central entity to hold their funds or deposit funds first. Users instead link their wallets to the exchange and verify their transactions by paying a fee, also known as a gas fee.
Planning to build a Decentralized Exchange on Dogechain?
At AuroBlocks, we are excited to provide various blockchain services to projects in need of assistance to launch and navigate their ways to success in the web3 ecosystem.