Hacked? Sabotaged? It is difficult at best to say with certainty what exactly the source of trouble is at decentralized crypto exchange, EtherDelta – our beloved ED, but it is not looking good. Is it time to switch to ED alternative – ForkDelta (FD)?
EtherDelta API still not Working
The API of ED has not been working for 12 days+ now. This makes true price discovery at ED impossible – to the point where CoinMarketCap (CMC) has taken the step to delist it as a market.
Is it time to look at ED alternative – ForkDelta (FD)?
Yes. It might be time to switch over to ED alternative, FD or fork/ED – their API is working and they seem to operate independent from ED at this stage (with faster server and all).
The last update from EtherDelta was posted 7 days ago: “We are continuing to work on a resolution for the ongoing API issues. We apologize for the service interruption and appreciate your continued patience” (@EtherDelta, February 15th, 2018).
Has the love affair ended? Only time will tell if it is the end of ED – and whether those in the know will use it again as erc20 token exchange, but with true price discovery shot in the foot and no fresh updates – it is probably best to move onto greener pastures. This will probably be the last straw for many ED users.
On the other hand, we were in contact with ForkDelta. They have assured us that their API is working. And there doesn’t seem to be a shortage of communication coming from them. They frequently update their twitter page – @ForkDelta. We do not fully endorse fork/ED at this stage, but it might not be a bad idea to give the ‘new kid on the block’ a try. Be sure to make use of MetaMask when you do.
Decentralized Crypto Exchanges
The importance of safe, working and user friendly decentralized crypto exchanges are of vital importance to the crypto ecosystem.
The growing list of decentralized crypto exchanges is hugely positive to say the least (including, but not limited to): Rader Relay, AirSwap, Bisq P2P Exchange Network, BitGate, BitShares, ForkDelta, Kyber, LocalBitcoins.com, NVO, ShapeShift and others.
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