Decred (DCR/USD) has just announced the launch of its latest version of the decentralized exchange, DCRDEX 0.6. This version of the DEX marks a major improvement as it offers direct peer-to-peer cross-chain swaps without any intermediaries, as well as native wallets for Bitcoin Cash and Litecoin.
The improved features of the DCRDEX 0.6 means that users can now make layer 1 atomic swaps without the need for a utility token or third-party arbitration. Furthermore, users will maintain full custody of their funds throughout the swapping process, allowing for increased privacy and security.
New features of the DCRDEX 0.6 also include the introduction of USDC and Ethereum, as well as P2P swaps from Ethereum and other layer 1 chains, such as Decred and Bitcoin, without the use of centralized pools or crypto wallets.
The DEX also eliminates the previous one-time registration fee and replaces it with time-locked fidelity bonds. Rather than having to part with their funds to register, users will now be able to lock up their funds on-chain for a set amount of time, after which they can redeem them.
These new features on the DCRDEX 0.6 make it the first exchange to provide direct P2P swaps without using intermediaries, increasing privacy, resilience, and cross-chain compatibility.
