BitShares Forum
Main => General Discussion => Topic started by: mp3michael on October 23, 2017, 11:06:22 pm
-
If people create an asset or token they will likely want it to be tradeable on an exchange.
bitshares.org is a DEX and Etherdelta.com is it's ether based competitor.
My question is what are the strengths and advantages of each?
Are there fundamental differences between the two or are they similar?
What are the advantages to creating an ether based (ERC20) token?
What are the advantages to creating a bts based asset?
Thanks for the info!
-
Etherdelta was created specially for exchange between ERC20 tokens and ETH, because ERC20 tokens are not always listed on other exchanges. Reviews say that it is pita to use etherdelta, because ETH blockchain is slow and expensive. Never used it myself though.
-
Ether blockchain was slow and expensive until a week ago. Now Ether fees are about 50% lower than bts.
Example: a transfer in bts is 0.22 bts which if bts is trading for 5 cents is 1.1 cents. A transfer in ether is now .6 cents so almost half price of bts.
See: http://ethgasstation.info/
bts still has a speed advantage but it's dropped dramatically. Ether transfers now average 36 seconds, much slower than bts' 2 seconds but the difference used to be substantial.
-
Example: a transfer in bts is 0.22 bts which if bts is trading for 5 cents is 1.1 cents.
Order create is 0.0121 BTS. This is what you mostly pay, when you trade.
-
Also, they say that Etherdelta does not actually do automated order matching like bitshares. Not sure if this is true or not.