infinii
Joined 14 years ago
Joined 14 years ago
The article talks about flaws in DEX design, opening the risk of front running. What's happening is that DEXs work on chain, therefore orders are submitted on chain and thus visible in the mempool while waiting for miners to include it in a block. Front runners view these pending orders and then submit a similar order (but with a higher gas fee), thus incentivizing miners to take their Ethereum transaction instead of the earlier order (for higher fees).
While the article in question is correct with regards to what I explained above, I hate how generalizing it is. Not all DEXs are designed the same way. The first generation of DEXs did everything on chain which also has the downside of limited throughput (limited by blockchain transactions per second). The next generation DEXs are working to solve this with off chain solutions which would also solve the front running problem.
If anything, digital publishing where you can circumvent the publishers should allow for more content to reach market (not saying it's all good...see geocities webpages as an example of this) but I'm not sure why you think this would be bad for the Chinese SciFi scene.
But are there any plugins that remove/filter all google search results from Quora?
But seriously... A recent job hunt has made me aware of how crummy companies are and how management roles are under-appreciated; so I've been spending a lot of effort on updating my developer skills as it seems most companies expect you to do everything nowadays.
Cyptocurrencies were not designed to facilitate illegal activities. Yet every fuddite makes it seem so.
Every single fiat currency in the world is/can be used for illegal activities. Do we discard them? Care to wager which currency, USD or BTC; is used more for illegal activities? No, I didn't think you would. But media and fudders will repeatedly point out that it's cryptos that are used to transact illegal things.