Blockonix Decentralized Exchange revealed by an official tweet earlier today that it has started researching on other blockchains. Blockonix had a successful launch of its decentralized exchange on the ethereum network earlier this year.
We are exploring other blockchains apart from Ethereum for the future of Blockonix. No specific blockchain has been finalized yet and we are open to suggestions. #blockonix #Decentalization
— Blockonix (No giveaways)- Decentralized Exchange (@blockonix_com) October 6, 2018
Blockonix Exchange currently runs on the ethereum network blockchain and lets the users trade Ethereum and Ethereum based tokens in a decentralized environment without the involvement of any third party.
Issues with Ethereum Network:
1. Slow
2. Boat the Blockchain: The on chain orders result in transactions that consume network bandwidth.
3. High gas cost
4. Upgradation issue: Users are forced to take out their funds from the smart contract during a smart contract up-gradation.
What can be the options for Blockonix?
EOS:
The EOS network is believed to overtake ethereum shortly as EOS Network is a faster and more reliable chain as some network congestions were experienced by people using the ethereum blockchain platforms whereas the EOS Blockchain seamlessly scales for a vast customer case.
Lisk:
Unlike other platforms, Lisk understands this hindrance of complex programming languages as it utilizes Javascript, which makes it simple for any developer to hop in. Lisk presents the idea of ‘Side Chain’ paired with an SDK which enables the developers to manufacture their blockchain and the decentralized applications on it while keeping it secure by appending it to the fundamental LISK blockchain. These side chains work independently from the primary blockchain. Subsequently, there is no impact of the happenings of Sidechains on the primary network while as yet staying secure as it’s kept up by the fundamental blockchain network.
Stratis:
Stratis supports C# compatible with the Microsoft.Net framework. It offers the end-to-end solution for C# blockchain applications from improvement to the arrangement on the .Net structure. It is a “Blockchain as a Service (BaaS)” that enables the developers to manufacture their uniquely designed decentralized applications.
Qtum:
Qtum is the hybrid blockchain that permits building DApps. Qtum can be used to host Initial Coin Offerings and it also supports ERC20 standards. It likewise supports SegWit and has a built-in-framework utilizing smart contracts. It empowers customers to change the blockchain parameters quickly and impeccably without irritating the natural network.
Cardano:
Cardano intends to make a cutting-edge smart contract platform and eco-system. Cardano is a decentralized open blockchain and is entirely open source so the source code is made accessible for utilize or adjustment as clients or different developers see fit. Cardano is in a race to create shrewd contract stage and it can convey further advanced features.
Which platform do you think is the future for Decentralized Exchanges? Tell us in the comments section below.
