Radex Classic has launched on Ethereum Classic [ETC] making it the first decentralized exchange (DEX) on the network. Saturn Network, which developed Radex for Ethereum Classic, announced through a tweet on Saturday that the DEX has gone live on ETC as planned.
Radex Classic is Live! The first decentralized exchange for Ethereum Classic, the first pair is $ETC & Saturn Classic. Remember to use Saturn Wallet!https://t.co/mfDEZy0fVy#SaturnNetwork #SaturnWallet #Radex #EthereumClassic #ClassicIsComing #altcoins #dApps #ETC #DEX
— Saturn Network (@rados_io) June 23, 2018
Earlier in the week, Saturn Network and ETC released announcements in anticipation of the launch.
Ethereum Classic recently upgraded its network to remove a so-called “Difficulty Bomb”. The result, an upward trend in the price of ETC. If anything, ETC has been underrated.
Ethereum Classic shares the same goal as its parent blockchain Ethereum which hopes to become the world’s first decentralized computing platform. While ethereum has been widely adopted as a platform for creating decentralized Apps (DApps), ethereum classic isn’t as popular.
Recall that ETC was created following the disagreement within the ethereum community after the DAO hack. The resulting hardfork created two cryptocurrencies; Ethereum (ETH) and Ethereum Classic (ETC)
The presence of a decentralized exchange like Radex Classic may turn the tides for ETC Sections of the ETC community believe that it would attract developers to the platform and grow the coin. An insider simply identified as Samir share his excitement and optimism about the development. He said:
“For me, I am loving being part of something that is going to really help ETC grow! Since we made the announcement, I’ve had messages of support from people all over the world. We believe with a DEX in place, more developers will start choosing ETC to develop their tokens.”
Samir disclosed that preliminary tests show that the DEX would be much faster than the ethereum blockchain. He continued:
“Also I will give you a juicy piece of info, from our current tests trading on Radex Classic will be blazing fast because transactions are completed so much quicker than on ETH. We are talking real-time fast.”
The Radex platform is a decentralized exchange for ERC223 tokens (an improvement on ERC20). It is a commission free exchange which means that users only pay for transaction fees on the ethereum blockchain.