{"id":27548,"date":"2018-01-28T19:11:25","date_gmt":"2018-01-29T03:11:25","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=27548"},"modified":"2020-04-09T18:43:27","modified_gmt":"2020-04-09T17:43:27","slug":"radar-relay-revolutionizing-ethereum-token-trading","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/radar-relay-revolutionizing-ethereum-token-trading\/","title":{"rendered":"How Radar Relay Is Revolutionizing Ethereum Token Trading"},"content":{"rendered":"

Decentralized exchanges (DEXs) could very well be the future of crypto trading, and one of the most intriguing combinations out there is 0x<\/a> and Radar Relay. A rapidly growing team with an intriguing wallet-to-wallet protocol, Radar Relay just hit another major milestone with successful Ledger integration. We\u2019ll explain everything about why 0x and Radar Relay could be your go-to tools for trading ERC20 tokens.<\/p>\n

Let\u2019s take a step back and examine why decentralized exchanges are flourishing in the first place. This should be obvious to anyone on an exchange in the last six months, but exchanges are struggling and vulnerable<\/a>.<\/p>\n

Increased user demand and technical issues have exchanges buckling under the weight of new users. After reopening to new users a few weeks ago, Binance added 240,000 users<\/a> in an hour. New money is flooding into crypto, or trying to, and exchanges simply don\u2019t have the infrastructure<\/a> to support the demand we\u2019re seeing.<\/p>\n

Exchange Safety<\/h2>\n

Exchanges aren\u2019t always the safest place in the world, too. Just ask users of Mt. Gox, who lost some 400,000 Bitcoins in 2014<\/a> during a massive hack. That\u2019s billions at today\u2019s prices. Or investors on Bitfinex, who lost $72 million in 2016. Or even the $500 million in NEM that was stolen off a Japanese exchange<\/a> the other day.<\/p>\n

Exchanges have beefed up security, and users are always advised to perform basic security measures like enabling two-factor authentication. But it\u2019s only a matter of time until another exchange gets hacked. The more money that plunges into crypto, the bigger the incentive for hackers.<\/p>\n

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Radar Relay is a relayer that uses the 0x protocol to host an off-chain order book of individually signed orders.<\/figcaption><\/figure>\n

That\u2019s why decentralized exchanges like Radar Relay<\/a> could be the future. Cryptocurrency could replace the financial system as we know it; decentralized exchanges could remove the middleman from cryptocurrency exchange.<\/p>\n

A decentralized exchange employs smart contracts to transfer tokens directly between traders. The same things that make the blockchain so useful \u2013 privacy, security, reliability \u2013 make decentralized exchanges appealing.<\/p>\n

The Token Trading Protocol<\/h2>\n

0x is a particularly promising project<\/a>, offering a protocol for ERC20 token exchanges that other projects can integrate into their applications.<\/p>\n

And Radar Relay is the DEX that could push 0x to the next level. We\u2019ve already covered how trading on any exchange, even decentralized, can be risky. Radar Relay takes the next step altogether: wallet-to-wallet trading. Watch this 30-second video to see how it works:<\/p>\n