The Omni Foundation, developers behind the Omni Layer, the largest asset layer built on top of and secured by the Bitcoin blockchain have released OmniDex 1.0. The developers proclaim it as the “first true decentralized” cryptocurrency exchange. OmniDex also allows for the trustless exchange of assets between five of the top 25 crypto assets, with no counterparty risk.
With no human component and complete automation, OmniDex 1.0 sees the launch of a completely trustless cryptocurrency exchange, in contrast to centralized exchanges such as the now-defunct MtGox as well as leading exchanges like Coinbase and BitStamp.
The exchange enables the cryptographically-secure buying and selling of several digital tokens that are currently built on the Omni platform. The Omni platform is a software layer built on top of the most popular, most audited and most secure blockchain of them all, that Bitcoin blockchain.
Speaking to CCN, Omni board member Patrick Dugan explained what makes OmniDex the first ‘true’ decentralized exchange and how it