Tips, Tricks, and Guides

A DEX Like No Other

Liquidity, Speed, and Privacy at the Click of a Button

The first generation of
decentralized exchanges (DEXs) promised to revolutionize cryptocurrency
trading. Finally, users would be able to buy and sell peer-to-peer, without a
middleman or any centralized entity threatening the security of their assets.
But the DEX revolution didn’t quite work out the way it was supposed to.

Existing DEXs are
generally slow, difficult to use, and lack liquidity. They simply can’t compete
with the speed, user-friendly dashboards, and high liquidity of their
centralized counterparts.

Yet as long as
centralized exchanges are vulnerable to attacks, a truly secure DEX will be
critical to the viability of cryptocurrencies. What’s needed is a
next-generation DEX that solves the first-generation problems and delivers on
their original promise.

Enter Resistance, a DEX
platform that faced all of the first-generation problems head-on.

What is Resistance?

Resistance is a
sophisticated DEX and supporting blockchain that makes it easy for users to
trade privately and securely without giving control of funds to a third party.

Four core features make
Resistance unique:

  • User-friendly, privacy-focused decentralized exchange
  • CPU-optimized privacy coin with reward splitting over democratic Proof of Work, Proof of Research, masternodes, and project development
  • Easy to use Desktop Application compatible with macOS, Windows, and Linux
  • Easily deployable masternode network with multiple use cases, including voting rights

The decentralized
exchange, ResDEX, is built on the atomic swap protocol, so trades take place on
the underlying blockchains. Users may also add optional privacy to any trade by
using the Resistance privacy coin (RES) as an intermediary.

Usability was at the
forefront of all development decisions from the very beginning. As a result,
the Resistance DEX, wallet, and miner have all been integrated into a
convenient graphical user interface, the Resistance Desktop Application.

Compatible with macOS,
Windows, and Linux, the Desktop Application makes it easy for novice traders to
navigate the dashboard and, by extension, the crypto ecosystem. There is even
an integrated one-way Simplex fiat gateway so users can buy bitcoin on ResDEX
with Visa or Mastercard in USD, GBP, and EUR.

It’s this combination of
clever design and ease of use that can finally bring DEXs into the mainstream
and empower everyone to trade securely.

Liquidity Tackled

Poor liquidity is the
biggest thorn in the side of early DEX platforms, and a massive turn-off for
users, so Resistance did something about it.

They have partnered with
Huobi in a major deal that will guarantee liquidity on ResDEX for fast,
reliable trade. Resistance will eventually have access to over 150
cryptocurrencies and 350 trading pairs. Initially, the available digital asset
pairs will include Bitcoin, Ethereum, and the USD-pegged stablecoin Tether,
with more coins added as soon as they are included on the Huobi platform.

On top of this, the
platform has dedicated market makers funded by a percentage of the exchange fee
who ensure that liquidity stays high and users can perform trades quickly, at
competitive prices.

Atomic Swaps Reimagined

Resistance uses atomic
swaps to facilitate peer-to-peer trading on ResDEX. While this mechanism could
be sluggish in the past, they have made significant improvements to enable
users to perform swaps instantly.

As well as giving users
the option to connect to remote nodes, eliminating the need to download the
entire blockchains of coins they are trading, Resistance has developed
decentralized InstantSwaps.

ResDEX InstantSwap
allows users to trade in under a minute without waiting for block
confirmations. Users deposit a certain amount of RES as collateral to be
decentralized and locked in Resistance masternodes. While these RES coins are
locked in, the user can immediately trade amounts less than the equivalent
deposit market value. For example, if you deposit 10 RES and the current market
value of 1 RES is 0.1 BTC, you may then trade less than 1 BTC without the other
side needing to wait for your block confirmations.

InstantSwap dramatically
increases the speed of trade on ResDEX, without compromising security.

The Resistance
Masternode Network

10,000 RES is the
expected minimum stake required to be rewarded for running a masternode.
Investors will have the opportunity to receive proportionally greater rewards
for larger stakes by running multiple nodes and, possibly, larger node types.

As well as locking up
collateral for InstantSwaps, Resistance masternodes power the decentralized
order book, incentivize people to run full nodes on the Resistance network, and
stabilize RES by encouraging users to keep a significant amount of the currency
locked up. They can also vote in decisions affecting governance.

At some stage after the
Initial Exchange Offering, Resistance will decentralize the platform and pass
ownership over to the community, creating the Resistance Decentralized
Governance Assembly. Masternodes will play a crucial role in the Assembly’s
structure, organization, and functionality.

For all their hard work,
masternodes receive 30 percent of block rewards and transaction fees. The rest
is split over project development, Proof of Research on whitelisted BOINC
projects, and CPU-optimized Proof of Work.

Mine with Your Home

Right now, mining on
most blockchains has been monopolized, but not so for Resistance.

Resistance makes mining
more accessible and democratic, and developers are diligently working to make
the blockchain fully ASIC-resistant. Their Proof of Work hashing algorithm,
yespower, was developed by team member Alexander Peslyak, the world-renowned cyber
security expert who helped tune the Proof of Work scheme for Zcash.

CPU optimized, yespower
favors the standard CPUs you’ll find in regular laptop and desktop computers.
It combines computationally expensive and sequential memory-hard hashing in a way
that slows down GPUs to CPU-like speeds and limits potential advantages for
FPGAs and ASICs.

Anyone can mine on the
Resistance blockchain and compete for 30 percent of the block reward using a
normal, everyday computer. The miner, like all key components of the Resistance
platform, can be initiated with a single click in the Desktop Application.

Privacy Matters

As well as losing
billions of dollars in assets, centralized exchanges frequently leave user
information in vulnerable, centralized databases. Privacy has never been a
priority for centralized exchanges, but it is for Resistance.

The first
privacy-focused DEX and blockchain, Resistance makes it easy to trade in
private. Users can enable Tor to mask their IP address and make trades
completely private by using RES, the Resistance privacy-coin, as an
intermediary, so, using zero-knowledge proofs, it’s possible to add privacy
elements to any coins traded even if those coins don’t have built-in privacy
features by default.

Before trading, users may
simply click the Enable Privacy button on the Desktop App. ResDEX then
automatically trades the desired coin to RES and sends RES in place of the
original currency.

The Resistance platform,
including masternodes, ResDEX, and the Resistance blockchain, is fully
functional. The Resistance IEO will begin as soon as their Private Sale is
complete. It’s drawing to a close, but there’s still time to contribute.

About Resistance

Resistance is a
decentralized exchange, ResDEX, driven and supported by a privacy-oriented
blockchain that uses the Resistance privacy coin, RES, as an intermediary to
facilitate private trade. Liquidity on the exchange is provided by Huobi, with
market making by GSR, and hardware wallet support from Ledger. TLDR is
responsible for assisting and mentoring the core team.

Visit the Resistance website for more information, and engage with the Resistance community on Telegram and Discord


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