Feeless Finance a Tough Challenger for Reigning Champions of DEX on IOTA

Feeless Finance a Tough Challenger for Reigning Champions of DEX on IOTA
Feeless Finance a Tough Challenger for Reigning Champions of DEX on IOTA

  • Anybody may start a chain that offers up a wide range of possibilities.
  • Feeless Finance uses a digital Assets framework and Assembly Network.

Feeless Finance, an IOTA-based (MIOTA/USD) DEX, is challenging TangleSwap Exchange and TangleSeaDeFi, the reigning champions of decentralized exchanges operating on IOTA. One advantage of Feeless is that it’s cheaper than any other DEX. Unlike many other DEXs, Feeless Finance was built on a no-fee underlying network and had extendable infrastructure.

In addition to being a DEX app, it has a governance token and an easy-to-navigate user interface. Feeless Finance uses a digital Assets framework and Assembly Network. Customers benefit from lower transaction fees and increased volume and quantity because of their infrastructure.

Adaptable Smart Contracts to the IOTA Ecosystem

No transaction costs are associated with IOTA, which also ensures the confidentiality of user data. In order to run smart contracts on top of IOTA’s tangle, it uses its smart contracts. Because anybody may connect a smart contract blockchain to the IOTA tangle, they help introduce scalable and adaptable smart contracts to the IOTA ecosystem.

This addresses a variety of smart contract issues. Chain customization, scalability, cheaper costs, and more flexibility are all facilitated by this technology. Anybody may start a chain that offers up a wide range of possibilities. Users have complete control over who may use their blockchain, use their validators, and how much money they pay in fees. Even a private blockchain may be put up with little or no public data, making it a viable option.

Depending on demand, an IOTA Smart Contract chain will shortly enable a wide range of virtual machines. Despite their complexity, IOTA Smart Contracts provide the freedom and adaptability needed for a broad range of smart contract applications.

The post has appeared first on thenewscrypto.com

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