I’ve stumbled upon https://www.reddit.com/r/CryptoCurrency/comments/3fx6jj/instantdex_decentralized_crypto_exchange_almost/ctsrkbj and was looking for more information. http://wiki.supernet.org/wiki/InstantDEX is not very helpful. It’s full of buzzwords but lacks explanation.
What I understand is that it uses the NXT asset exchange, but claims to be a peer-to-peer exchange. My understanding of both NXT, the NXT exchange and InstantDEX is very limited.
Is it due to this limitation that I perceive using NXT asset exchange and claiming to be peer-to-peer as contradiction?
I thought NXT would be dealing with proxy assets? How can this act as a broker for peer-to-peer transactions?
If this works like advertised, it could be both a competitor and a complement for B&C Exchange, right?
InstantDEX charging fees only when trades happen, might be an advantage for traders that are quite actively moving orders. But the traders need to maintain a full blockchain of all coins/assets they want to trade.
And when exchanging big values, even the fee of 0.1% to 0.2% can be higher than the B&C Exchange fee, that is based on transaction size and not transacted (financial) volume.