A DEX Like No Other
The first generation of decentralized
exchanges (DEXs) promised to revolutionize cryptocurrency trading.
Finally, users would be able to buy and sell peer-to-peer, without a
middleman or any centralized entity threatening the security of
their assets. But the DEX revolution didn’t quite work out the way it was
supposed to. Existing DEXs are generally slow, difficult to use, and lack
liquidity. They simply can’t compete with the speed, user-friendly
dashboards, and high liquidity of their centralized counterparts.
Yet as long as centralized exchanges are vulnerable to attacks, a
truly secure DEX will be critical to the viability of cryptocurrencies. What’s
needed is a next-generation DEX that solves the first-generation problems
and delivers on their original promise. Enter Resistance, a DEX
platform that faced all of the first-generation problems head-on.
Resistance is a sophisticated DEX and supporting blockchain that
makes it easy for users to trade privately and securely without giving
control of funds to a third party. Four core features make Resistance
unique: The decentralized exchange, ResDEX, is built on the
atomic swap protocol, so trades take place on the underlying
blockchains. Users may also add optional privacy to any trade by
using the Resistance privacy coin (RES) as an intermediary.
Usability was at the forefront of all development decisions from the very
beginning. As a result, the Resistance DEX, wallet, and miner have all
been integrated into a convenient graphical user interface, the
Resistance Desktop Application. Compatible with macOS,
Windows, and Linux, the Desktop Application makes it easy for novice
traders to navigate the dashboard and, by extension, the crypto ecosystem. There
is even an integrated one-way Simplex fiat gateway so users can buy bitcoin on
ResDEX with Visa or Mastercard in USD, GBP, and EUR. It’s this
combination of clever design and ease of use that can finally bring DEXs into
the mainstream and empower everyone to trade securely. Poor liquidity is
the biggest thorn in the side of early DEX platforms, and a massive turn-off for
users, so Resistance did something about it. They have partnered with
Huobi in a major deal that will guarantee liquidity on ResDEX for
fast, reliable trade. Resistance will eventually have access to over 150
cryptocurrencies and 350 trading pairs. Initially, the available digital
asset pairs will include Bitcoin, Ethereum, and the USD-pegged stablecoin
Tether, with more coins added as soon as they are included on the Huobi
platform. On top of this, the platform has dedicated market
makers funded by a percentage of the exchange fee who ensure that
liquidity stays high and users can perform trades quickly, at competitive
prices. Resistance uses atomic swaps to facilitate peer-to-peer
trading on ResDEX. While this mechanism could be sluggish in the
past, they have made significant improvements to enable users to perform
swaps instantly. As well as giving users the option to connect to remote nodes,
eliminating the need to download the entire blockchains of coins they are
trading, Resistance has developed decentralized InstantSwaps.
ResDEX InstantSwap allows users to trade in under a minute without
waiting for block confirmations. Users deposit a certain amount of RES as
collateral to be decentralized and locked in Resistance
masternodes. While these RES coins are locked in, the user can
immediately trade amounts less than the equivalent deposit market value.
For example, if you deposit 10 RES and the current market value of 1 RES is 0.1
BTC, you may then trade less than 1 BTC without the other side needing to wait
for your block confirmations. InstantSwap dramatically increases the speed of
trade on ResDEX, without compromising security. 10,000 RES is the
expected minimum stake required to be rewarded for running a masternode.
Investors will have the opportunity to receive proportionally greater rewards
for larger stakes by running multiple nodes and, possibly, larger node types. As
well as locking up collateral for InstantSwaps, Resistance
masternodes power the decentralized order book, incentivize people
to run full nodes on the Resistance network, and stabilize RES by
encouraging users to keep a significant amount of the currency locked up. They
can also vote in decisions affecting governance. At some stage after the Initial
Exchange Offering, Resistance will decentralize the
platform and pass ownership over to the community, creating the
Resistance Decentralized Governance Assembly. Masternodes will
play a crucial role in the Assembly’s structure, organization, and
functionality. For all their hard work, masternodes receive 30 percent of block
rewards and transaction fees. The rest is split over project development, Proof
of Research on whitelisted BOINC projects, and CPU-optimized Proof of Work.
Right now, mining on most blockchains has been monopolized, but not so for
Resistance. Resistance makes mining more accessible and
democratic, and developers are diligently working to make the blockchain
fully ASIC-resistant. Their Proof of Work hashing algorithm, yespower, was
developed by team member Alexander Peslyak, the world-renowned cyber security
expert who helped tune the Proof of Work scheme for Zcash. CPU optimized,
yespower favors the standard CPUs you’ll find in regular laptop and
desktop computers. It combines computationally expensive and sequential
memory-hard hashing in a way that slows down GPUs to CPU-like speeds and limits
potential advantages for FPGAs and ASICs. Anyone can mine on the
Resistance blockchain and compete for 30 percent of the block
reward using a normal, everyday computer. The miner, like all key components of
the Resistance platform, can be initiated with a single click in the
Desktop Application. As well as losing billions of dollars in assets,
centralized exchanges frequently leave user information in vulnerable,
centralized databases. Privacy has never been a priority for centralized
exchanges, but it is for Resistance. The first privacy-focused DEX
and blockchain, Resistance makes it easy to trade in
private. Users can enable Tor to mask their IP address and make trades
completely private by using RES, the Resistance
privacy-coin, as an intermediary, so, using zero-knowledge proofs, it’s
possible to add privacy elements to any coins traded even if those coins
don’t have built-in privacy features by default. Before trading, users
may simply click the Enable Privacy button on the Desktop App.
ResDEX then automatically trades the desired coin to RES and sends RES in
place of the original currency. The Resistance platform, including
masternodes, ResDEX, and the Resistance blockchain, is fully functional.
The Resistance IEO will begin as soon as their Private Sale is complete.
It’s drawing to a close, but there’s still time to contribute. Resistance
is a decentralized exchange, ResDEX, driven and supported by a privacy-oriented
blockchain that uses the Resistance privacy coin, RES, as an intermediary
to facilitate private trade. Liquidity on the exchange is provided by Huobi,
with market making by GSR, and hardware wallet support from Ledger. TLDR is
responsible for assisting and mentoring the core team. Visit the Resistance
website for more information, and engage with the Resistance community on
Telegram and Discord .
The first generation of decentralized
exchanges (DEXs) promised to revolutionize cryptocurrency trading.
Finally, users would be able to buy and sell peer-to-peer, without a
middleman or any centralized entity threatening the security of
their assets. But the DEX revolution didn’t quite work out the way it was
supposed to. Existing DEXs are generally slow, difficult to use, and lack
liquidity. They simply can’t compete with the speed, user-friendly
dashboards, and high liquidity of their centralized counterparts.
Yet as long as centralized exchanges are vulnerable to attacks, a
truly secure DEX will be critical to the viability of cryptocurrencies. What’s
needed is a next-generation DEX that solves the first-generation problems
and delivers on their original promise. Enter Resistance, a DEX
platform that faced all of the first-generation problems head-on.
Resistance is a sophisticated DEX and supporting blockchain that
makes it easy for users to trade privately and securely without giving
control of funds to a third party. Four core features make Resistance
unique: The decentralized exchange, ResDEX, is built on the
atomic swap protocol, so trades take place on the underlying
blockchains. Users may also add optional privacy to any trade by
using the Resistance privacy coin (RES) as an intermediary.
Usability was at the forefront of all development decisions from the very
beginning. As a result, the Resistance DEX, wallet, and miner have all
been integrated into a convenient graphical user interface, the
Resistance Desktop Application. Compatible with macOS,
Windows, and Linux, the Desktop Application makes it easy for novice
traders to navigate the dashboard and, by extension, the crypto ecosystem. There
is even an integrated one-way Simplex fiat gateway so users can buy bitcoin on
ResDEX with Visa or Mastercard in USD, GBP, and EUR. It’s this
combination of clever design and ease of use that can finally bring DEXs into
the mainstream and empower everyone to trade securely. Poor liquidity is
the biggest thorn in the side of early DEX platforms, and a massive turn-off for
users, so Resistance did something about it. They have partnered with
Huobi in a major deal that will guarantee liquidity on ResDEX for
fast, reliable trade. Resistance will eventually have access to over 150
cryptocurrencies and 350 trading pairs. Initially, the available digital
asset pairs will include Bitcoin, Ethereum, and the USD-pegged stablecoin
Tether, with more coins added as soon as they are included on the Huobi
platform. On top of this, the platform has dedicated market
makers funded by a percentage of the exchange fee who ensure that
liquidity stays high and users can perform trades quickly, at competitive
prices. Resistance uses atomic swaps to facilitate peer-to-peer
trading on ResDEX. While this mechanism could be sluggish in the
past, they have made significant improvements to enable users to perform
swaps instantly. As well as giving users the option to connect to remote nodes,
eliminating the need to download the entire blockchains of coins they are
trading, Resistance has developed decentralized InstantSwaps.
ResDEX InstantSwap allows users to trade in under a minute without
waiting for block confirmations. Users deposit a certain amount of RES as
collateral to be decentralized and locked in Resistance
masternodes. While these RES coins are locked in, the user can
immediately trade amounts less than the equivalent deposit market value.
For example, if you deposit 10 RES and the current market value of 1 RES is 0.1
BTC, you may then trade less than 1 BTC without the other side needing to wait
for your block confirmations. InstantSwap dramatically increases the speed of
trade on ResDEX, without compromising security. 10,000 RES is the
expected minimum stake required to be rewarded for running a masternode.
Investors will have the opportunity to receive proportionally greater rewards
for larger stakes by running multiple nodes and, possibly, larger node types. As
well as locking up collateral for InstantSwaps, Resistance
masternodes power the decentralized order book, incentivize people
to run full nodes on the Resistance network, and stabilize RES by
encouraging users to keep a significant amount of the currency locked up. They
can also vote in decisions affecting governance. At some stage after the Initial
Exchange Offering, Resistance will decentralize the
platform and pass ownership over to the community, creating the
Resistance Decentralized Governance Assembly. Masternodes will
play a crucial role in the Assembly’s structure, organization, and
functionality. For all their hard work, masternodes receive 30 percent of block
rewards and transaction fees. The rest is split over project development, Proof
of Research on whitelisted BOINC projects, and CPU-optimized Proof of Work.
Right now, mining on most blockchains has been monopolized, but not so for
Resistance. Resistance makes mining more accessible and
democratic, and developers are diligently working to make the blockchain
fully ASIC-resistant. Their Proof of Work hashing algorithm, yespower, was
developed by team member Alexander Peslyak, the world-renowned cyber security
expert who helped tune the Proof of Work scheme for Zcash. CPU optimized,
yespower favors the standard CPUs you’ll find in regular laptop and
desktop computers. It combines computationally expensive and sequential
memory-hard hashing in a way that slows down GPUs to CPU-like speeds and limits
potential advantages for FPGAs and ASICs. Anyone can mine on the
Resistance blockchain and compete for 30 percent of the block
reward using a normal, everyday computer. The miner, like all key components of
the Resistance platform, can be initiated with a single click in the
Desktop Application. As well as losing billions of dollars in assets,
centralized exchanges frequently leave user information in vulnerable,
centralized databases. Privacy has never been a priority for centralized
exchanges, but it is for Resistance. The first privacy-focused DEX
and blockchain, Resistance makes it easy to trade in
private. Users can enable Tor to mask their IP address and make trades
completely private by using RES, the Resistance
privacy-coin, as an intermediary, so, using zero-knowledge proofs, it’s
possible to add privacy elements to any coins traded even if those coins
don’t have built-in privacy features by default. Before trading, users
may simply click the Enable Privacy button on the Desktop App.
ResDEX then automatically trades the desired coin to RES and sends RES in
place of the original currency. The Resistance platform, including
masternodes, ResDEX, and the Resistance blockchain, is fully functional.
The Resistance IEO will begin as soon as their Private Sale is complete.
It’s drawing to a close, but there’s still time to contribute. Resistance
is a decentralized exchange, ResDEX, driven and supported by a privacy-oriented
blockchain that uses the Resistance privacy coin, RES, as an intermediary
to facilitate private trade. Liquidity on the exchange is provided by Huobi,
with market making by GSR, and hardware wallet support from Ledger. TLDR is
responsible for assisting and mentoring the core team. Visit the Resistance
website for more information, and engage with the Resistance community on
Telegram and Discord .
