26 November 2021 05:17, UTC
Reading time: ~ 2 m
The Monero team tweeted a link to a review of Haveno, the first DEX exchange powered by the anonymous cryptocurrency blockchain. The platform was launched 8 months ago at the Proof of Concept stage – testing a p2p model of exchanging fiat currencies for XMR.
Haveno is a fork of the Bisq DEX exchange, which allows you to purchase Bitcoin directly by connecting directly to wallets, where even disputes are resolved by non-custodial arbitration.
DEX-exchange Monero works in a similar way, its code is open on Github, desktop software is used for fiat payments, which stores the user’s personal data on a computer. Tor nodes are used as connections for exchange operations.
Judging by the advertised interface, Haveno will support not only fiat, but also three cryptocurrencies. Given the anonymity of XMR, the DEX will open up an alternative to mixers for customers, serving as the perfect bridge to cut off tracking of Bitcoin, Ethereum and Bitcoin Cash withdrawals.
A number of analysts are already calling Haveno the “killer” of CEX exchanges. The site promises to provide high trading liquidity, a fair market rate and low commissions for fiat withdrawal. The problem is that DEX’s work could get the attention of regulators due to the anonymous nature of XMR.
Monero is already banned in a number of countries. Its delisting on a number of sites led to a decline in the rate. In this code, XMR quotes fell by 65% and continue to be in a flat throughout the second half of the year.
#Monero #advertises #launch #Haveno #decentralized #exchange #blockchain