Decred (DCR), a cryptocurrency platform that focuses on establishing decentralized “decision-making” and “governance”, has announced that it will be developing its own decentralized exchange (DEX). According to Jacob Yocom-Piatt, the project lead at Decred, there are currently many issues related to the listing process on most centralized cryptoasset exchanges. In the proposal document shared with Forbes, Decred’s development team mentions that they’re creating “a new type of cryptocurrency-only decentralized exchange based on open source software that will allow cross-chain trading to occur directly between users, with minimal fees and a simple client-server architecture.”
