- DogeDEX to incorporate the feature of Atomic Swap in its platform
- This feature would enhance the user experience making transactions and exchanges more efficient and easy
- The new featured transactions would not require the involvement of any third party intruders
Komodo’s DogeDEX will initiate peer-to-peer exchanges of cryptocurrency. As we know, DogeDEX is a typical dogecoin based platform and has planned to launch the ‘atomic swap’ feature in their system of exchanging and trading cryptocurrencies. Komodo, an open-chain crypto provider, on Wednesday announced that on March 1, 2021, its DogeDEX had gone live and, within this short span, gathered a total number of 3000 downloads. This dogecoin service is provided by the AromicDEX engine and can be accessed via mobile applications and desktop. This announcement was one of the greatest announcements in the market of dogecoin cryptocurrency.
The experience of the all-time as well as new users
The users would get a complete exposure to Atomic Swap, wherein they can exchange crypto directly without any help or hectic procedures. The user will not even require any third party or any medium for making the process work. It’s very much simple, followed by very efficient transactions. The transaction would not even require the centralised medium of exchange. DogeDex allows its customers to store all their holdings on this platform as it is a non-custodial wallet. Next month, Komodo has an ongoing project in building a fiat-on-ramp by its skilled engineers. This project’s completion would allow the users to make direct transactions via DogeDEX.
The strategy of Komodo in initiating a better resurgence of Dogecoin
The CTO of Komodo, Kadan Stadelmann, said that cryptocurrencies are very similar to the internet. It places its main focus on the community, and for that, what it requires is ‘dogecoin’. The main features of Komodo include non-custodial wallets and Decentralised exchanges. These prove to be the most famous features of the company. The company aims to drag a major part of the dogecoin fan base in making use of these features. The platform can make very efficient transactions and all the latest useful technologies for trade. An atomic swap is one such technology. With publicities and mentions of cryptocurrencies on the Twitter handles of popular tech giants like Gene Simmons, Elon Musk and Snoop Dogg, who mean to say that the market of cryptocurrency is witnessing the resurgence and that investing in this market would bring huge returns has marked a phase of resurgence for Dogecoin.