One of the most important blockchain networks and cryptocurrencies, Ethereum Classic (ETC), has announced that it has launched the first decentralized exchange known as RADEX.
The exchange has been developed by Saturn Network, exclusively for ETC and the launching date is expecting to be at the end of the current week.
Ethereum Classic was born as a result of the DAO hack that led to a philosophical disagreement about how to solve the problem of the funds stolen. This situation created a hard fork that divided the network into two coins: Ethereum Classic and Ethereum. But, it is important to mention that both networks have the same goals and vision in the long term.
Radex will be the first ever 0% fee decentralized exchange for ERC223 tokens – which is an upgrade to the ERC20 standard. The exchange is divided into two parts, the first is related to a smart contract that handles all the financial transactions, and the second part is a web application that ensures easy interaction with the smart contract.
At the same time, Saturn Network is a protocol that gives access to a decentralized order book in just one transaction. It does not need deposits and it completely runs on the Ethereum’s blockchain, meaning that it will always be available to everyone. It is important to mention that holding SATURN tokens means that the holder is part of the Saturn DAO.