776 views


However, it is now possible to clearly see the advantages of decentralized exchanges: the smart contract, which is used by both exchanges, was not compromised and has still been working, while it was drama in the community.Orders can be tracked in the Order book, prices are displayed in the Price chart.All the rest is a single smart contract, through which all the exchange of tokens is being conducted.

.Moreover, the size of the deposit is determined by new owners as 1-3% of the total capitalization of the project at the time of listing.[Python Of Ways In Projects 3 Using Enterprise]

However, everything was real.To perform transactions you will need a link to the trading pair: https://forkdelta.github.io/#!/trade/FNTB-ETH

Often, links to trading pairs are not published, but only the addresses of the smart contract are specified.Apparently, the enthusiasm of the team has faded along with the volumes.

Сообщение Overview of the decentralized exchange Forkdelta появились сначала на FinTab Crypto Portfolio.[EToro Update21022019 Daily]

Drama of Etherdelta

On December 21, 2017, the Etherdelta DNS servers were hacked.The commissions for all operations also are sent to the Etherdelta team.

Website: https://forkdelta.github.io  At the request of hosting GitHub Pages, the Forkdelta team moves to a new address https://forkdelta.app/ before April 2019.[Big Technology With Empowering Data Analytics Data Businesses Comprehensive]

December 30 on the site Etherdelta the information about the ICO till January 13 appeared.For example, the address of the FNTB smart contract is: 0xbD4B60a138b3fce3584EA01f50c0908c18f9677A

The easiest way is to find our token in the dropdown menu:

Everything is set for trading:

Trading is carried out in a common way.

Most likely, the new owners paid a lot of money for the site and now want to return their investments by conducting a dubious ICO.High security of transactions through a smart contract without the intervention of a third party is combined with low liquidity.The first decision of the new owners of the exchange was toughening the conditions for listing new tokens: now to place a new token on the exchange, you need to buy new Etherdelta (EDT) tokens and put them on deposit.By clicking on the “red” order you can buy tokens:

forkdelta fntb

Pros and cons of Forkdelta

Advantages and disadvantages are standard for a decentralized exchange.Remember that one exchange differs from the other only by orders.Orders are placed in the New Order.Users were redirected to a fake site that gained access to private user keys.Just on the New Year holidays, when there is almost no activity.[November 2018 Bitcoin News 5 8211 Summary]

Forkdelta team announced the development of a new smart contract on the 0x protocol, but after a while, one can say it ends here – now:

forkdelta roadmap

After all the stories with hacks and ICO, the exchange lost credibility of users and accumulated trading volumes.The moderator of the Etherdelta community of Reddit made it clear on December 31, writing a comment:

The creator of Etherdelta sold the application to some Chinese guys right before the DNS hack.

Forkdelta overview

The interface is slightly different from Etherdelta:

There is no need to verify the user, you just have to create an account and save the private key:

forkdelta account

How to trade on Forkdelta

Let’s have a look how to trade on the exchange using the example of our FNTB token.You do not need to worry about blocking the funds of the exchange, there is no registration and verification.In fact, it is the same exchange that uses the old smart contract of Etherdelta.[The Will Help Blockchain Poor How]

Forkdelta

The community did not adopt new rules and created a fork of the exchange, which was called Forkdelta.The new team did not write a single line of code for Etherdelta

Frozen listing

Meanwhile on the Etherdelta site a section “Team” was added with three unknown Asians, and their posts on Twitter page now contains grammatical errors.No matter which site you trade, Forkdelta or Etherdelta, you will use the same smart contract.Only the list of orders for buying and selling tokens will differ.

Forkdelta appeared as the fork of the Etherdelta exchange, after it was sold to unknown Chinese investors, who took a number of questionable decisions.[Contracts AirSmart Castles Building Legal In The]

I cannot tell whether it was intentional or random.

What to choose – Etherdelta or Forkdelta? Choose the exchange where there are more orders and the ask and bid prices are more profitable.On December 23, the exchange resumed its normal work.[Linius Virtual Video Tests Blockchain First Successfully World8217s]

For most users, who learned about this ICO, this seemed like a continuation of the DNS hacking story: it seemed too strange and illogical to collect money on New Year’s holidays.[And Without Ange With Socceroos]
Source: https://fintab.io/blog/overview-of-the-decentralized-exchange-forkdelta/

Comments
No comments yet. Be first to leave one!