Nice read! Please also read my analysis of ViteX highlighting its unique proposition compared to other DEXs here: https://forum.vite.net/topic/1000/vitex-a-potent-endeavor-to-solve-dex-challenges
I will write more elaborate comparisons for ViteX viz. other popular decentralized exchanges on a case by case basis if I see a lot of interest from the community!
While we all understand that DEXs currently suffer from a lot of issues particularly in user experience and Liquidity. I will try to act as a devil's advocate here and put it very blatantly, Loopring is probably among the worst (much worse than IDEX or Etherdelta) in terms of order filling times and user experience.
So, I want to ask the Vite team what enhancements will they bring in Loopring DEX that will overhaul/transform the current Loopring as we know it? Are you guys fairly confident of transforming the user experience for Loopring when it launches on Vite? Can you share what developments on Loopring have been made until now?
Basically what I am trying to understand if Vite thinks that it can infuse life into an otherwise largely dead DEX.
Hi Vite Team,
I have listened to several criticisms from a security and decentralization vulnerability point of view for using DPOS as the underlying consensus mechanism relative to POS and POW. In several instances, Vitalik Butterin has come out publicly and written detailed articles on why a DPOS based chain like EOS can turn into a bribe-based corruption model leading to centralization and also result in security breaches if the corrupt actors (SBPs) at the top were compromised. The detailed article by Vitalik Butterin highlighting problems with DPoS used in EOS is available here: https://vitalik.ca/general/2018/03/28/plutocracy.html
I would like to know as to why in your opinion Vite would not face the same centralization limitations and security vulnerabilities as EOS may face because of DPOS (as is highlighted in Vitalik's detailed article).
I think that this is one of the most crucial and relevant aspects for Vite tokenholders and I would appreciate if the team can share their detailed thoughts on this.