Analyzing the Essentials of Decentralized Crypto Exchange Platform Development
Mostly, decentralized exchanges feature on-chain transaction settlements. It is a critical element that eliminates the dependence on a centralized party (such as a centralized exchange). The on-chain settlement ensures that users can publicly validate their trade settlements on the ledger according to their desired terms. A decentralized exchange performance is limited due to latency involved in the secure confirmation of transactions on the underlying distributed ledger technology like blockchain. It makes the speed of transaction confirmation on a distributed ledger network a bottleneck for decentralized exchanges. However, at Oodles, we provide cryptocurrency exchange development services equipped with methodologies that ensure the use of distributed ledger-based blockchain platforms that feature significantly higher latency than others.
