Ethereum-based exchange DeversiFi gets an upgrade, targets pro traders

Decentralized exchanges are getting a little more professional.

DeversiFi announced yesterday the mainnet launch of new upgrades to the DeversiFi decentralized exchange, bringing a host of new features to create a professional-grade exchange platform with experienced traders in mind.

The upgrade includes support for StarkWares ZK-STARK layer 2 scaling solution, enabling more than 9,000 transactions per second on the decentralized exchange (DEX). Its sure to be a major player in the crypto exchange landscape, where the popularity of decentralized exchanges is already growing rapidly. (StarkWare, which raised $30 million in a Series A in 2018, is backed by Ethereum incubator ConsenSys, which also funds an editorially independent Decrypt.)

The DiversiFi upgrade also brings self-custodial control for digital assets, allowing users to make trades without needing to first send their tokens to a wallet controlled by DeversiFi, as is required to trade on centralized competitors like Binance or Poloniex. Other changes include API improvements, improved market order mechanisms, and support for Ledger hardware wallets.

Commercial grade Defi needs robust cryptography and ZK-STARKs are fastest in class, post-quantum safe and can easily scale to tens of thousands of transactions per second with no trusted setup, StarkWare co-founder and president Eli Ben Sasson said in a statement.

Partnering with DeversiFi will bring the benefits of ZK-STARK technology into the hands of every trader. We are excited to see traders embracing self-custodial trading without sacrificing liquidity or speed.

Alternative decentralized exchanges, such as IDEX or Uniswap, enable basic token swapping, but often lack more advanced tools like order books, limit orders, and other tools often employed by professional traders. To achieve some of these features and the instantaneous settlement required for some advanced trading strategies, DeversiFi uses an off-chain order book, but still settles trades on the Ethereum blockchain.

ZK-STARK technology also offers greater privacy for DeversiFi users, as individual transactions are not visible on the blockchain, instead grouped into aggregate transaction blocks verified by hashes.

Before becoming DiversiFi, the decentralized exchange service was founded as Ethfinex in 2017 and incubated by the Bitfinex exchange for two years. DiversiFi became fully independent in August 2019.

The DiversiFi upgrade also introduces the Data Availability Committee (DAC), which records token balances off-chain (like tokens reserved for filling limit orders) to ensure that if the exchange goes offline, trades can still withdraw any tokens held in DeversiFi smart contracts. Members of the DAC include Infura, Nethermind, Cephalopod, and ConsenSys.

To Foil NSA Spies, Encrypt Everything [Last Updated On: January 23rd, 2014] [Originally Added On: January 23rd, 2014]
What is cryptography? - A Word Definition From the ... [Last Updated On: January 23rd, 2014] [Originally Added On: January 23rd, 2014]
cryptography: Definition from Answers.com [Last Updated On: January 23rd, 2014] [Originally Added On: January 23rd, 2014]
Cryptography - Wikipedia, the free encyclopedia [Last Updated On: January 23rd, 2014] [Originally Added On: January 23rd, 2014]
Cryptography - CISSP Domain 07 - Video [Last Updated On: January 23rd, 2014] [Originally Added On: January 23rd, 2014]
Cryptography Advanced Encryption Standard AES Tutorial,fips 197 - Video [Last Updated On: January 23rd, 2014] [Originally Added On: January 23rd, 2014]
Faraday Project for Network Security and Cryptography - Video [Last Updated On: January 23rd, 2014] [Originally Added On: January 23rd, 2014]
An Overview of Cryptography - Gary C. Kessler [Last Updated On: January 23rd, 2014] [Originally Added On: January 23rd, 2014]
An Open Letter from US Researchers in Cryptography and ... [Last Updated On: January 24th, 2014] [Originally Added On: January 24th, 2014]
Gambling with Secrets Part 4 8 Private Key Cryptography - Video [Last Updated On: January 24th, 2014] [Originally Added On: January 24th, 2014]
Gambling with Secrets Part 1 8 What is Cryptography - Video [Last Updated On: January 24th, 2014] [Originally Added On: January 24th, 2014]
Public Key Cryptography RSA Encryption Algorithm - Video [Last Updated On: January 24th, 2014] [Originally Added On: January 24th, 2014]
Public Key Cryptography Diffie Hellman Key Exchange - Video [Last Updated On: January 24th, 2014] [Originally Added On: January 24th, 2014]
Intro to Cryptography - Video [Last Updated On: January 24th, 2014] [Originally Added On: January 24th, 2014]
Caesar Cipher Ancient Cryptography - Video [Last Updated On: January 24th, 2014] [Originally Added On: January 24th, 2014]
50 top US cyber security experts write open letter calling for end to NSA 'snoop-ops' [Last Updated On: January 26th, 2014] [Originally Added On: January 26th, 2014]
Prominent cryptography and security researchers deplore NSA's surveillance activities [Last Updated On: January 27th, 2014] [Originally Added On: January 27th, 2014]
Obama Stays Silent on Reform of NSA's Crypto Subversion [Last Updated On: January 30th, 2014] [Originally Added On: January 30th, 2014]
Cryptography experts sign open letter against NSA surveillance [Last Updated On: January 30th, 2014] [Originally Added On: January 30th, 2014]
US crypto researchers to NSA: If you must track, track responsibly [Last Updated On: January 30th, 2014] [Originally Added On: January 30th, 2014]
Java Cryptography Architecture (JCA) Overview - Video [Last Updated On: January 30th, 2014] [Originally Added On: January 30th, 2014]
Cryptography - Part 1 - Video [Last Updated On: January 30th, 2014] [Originally Added On: January 30th, 2014]
Cryptography - Part 2 - Video [Last Updated On: January 30th, 2014] [Originally Added On: January 30th, 2014]
International Journal on Cryptography and Information Security ( IJCIS) - Video [Last Updated On: January 30th, 2014] [Originally Added On: January 30th, 2014]
Bitcoin Lowdown: Block Chain Cryptography Trumps Human Trust, Deal With It - Video [Last Updated On: January 31st, 2014] [Originally Added On: January 31st, 2014]
Bitcoin Lowdown: Block Chain Cryptography Trumps Human Trust - Video [Last Updated On: January 31st, 2014] [Originally Added On: January 31st, 2014]
NSA and GCHQ spoofed LinkedIn to hack Belgian cryptography professor [Last Updated On: February 1st, 2014] [Originally Added On: February 1st, 2014]
Lecture 17: Elliptic Curve Cryptography (ECC) - Video [Last Updated On: February 1st, 2014] [Originally Added On: February 1st, 2014]
Cryptography event - Pravega 2014 - Video [Last Updated On: February 3rd, 2014] [Originally Added On: February 3rd, 2014]
Lecture 1: Introduction to Cryptography - Video [Last Updated On: February 3rd, 2014] [Originally Added On: February 3rd, 2014]
US and UK spy agencies accused of swoop on Belgian cryptography expert [Last Updated On: February 4th, 2014] [Originally Added On: February 4th, 2014]
Conceal: Facebook's new Java APIs for cryptography on Android [Last Updated On: February 4th, 2014] [Originally Added On: February 4th, 2014]
Cryptography Apps: How To Keep Your Personal Info Private [Last Updated On: February 4th, 2014] [Originally Added On: February 4th, 2014]
Cryptography Breakthrough Could Make Software Unhackable [Last Updated On: February 4th, 2014] [Originally Added On: February 4th, 2014]
Oi, Android devs! Facebook wants your apps to be more secure [Last Updated On: February 5th, 2014] [Originally Added On: February 5th, 2014]
Lecture 19: Elgamal Digital Signature - Video [Last Updated On: February 5th, 2014] [Originally Added On: February 5th, 2014]
Lecture 18: Digital Signatures and Security Services - Video [Last Updated On: February 5th, 2014] [Originally Added On: February 5th, 2014]
Cryptography 1. List some of the attacks on the Diffie ... [Last Updated On: February 6th, 2014] [Originally Added On: February 6th, 2014]
Cryptography Breakthrough Could Make Software Unhackable ... [Last Updated On: February 6th, 2014] [Originally Added On: February 6th, 2014]
Cryptography: Secret Coding, Spying, and E-Commerce - Video [Last Updated On: February 6th, 2014] [Originally Added On: February 6th, 2014]
Cryptography - Video [Last Updated On: February 9th, 2014] [Originally Added On: February 9th, 2014]
Public Key Cryptography: RSA Encryption Algorithm - Video [Last Updated On: February 10th, 2014] [Originally Added On: February 10th, 2014]
Is Bitcoin Anonymous? Arvind Narayanan | Princeton University | Real World Cryptography Workshop - Video [Last Updated On: February 10th, 2014] [Originally Added On: February 10th, 2014]
A Competitive Study of Cryptography Techniques over Block Cipher - Video [Last Updated On: February 14th, 2014] [Originally Added On: February 14th, 2014]
How Quantum Computing Will Change Cryptography [Last Updated On: February 15th, 2014] [Originally Added On: February 15th, 2014]
REALITY LOST - EXCERPT SIX (QUANTUM CRYPTOGRAPHY) - Video [Last Updated On: February 15th, 2014] [Originally Added On: February 15th, 2014]
Introduction to Cryptography of Bitcoin, Explained! - Video [Last Updated On: February 18th, 2014] [Originally Added On: February 18th, 2014]
[FOSDEM 2014] USE OTR or how we learned to start worrying and love cryptography - Video [Last Updated On: February 18th, 2014] [Originally Added On: February 18th, 2014]
Reshif's Cryptography Challenge Solution/Walkthrough - Video [Last Updated On: February 20th, 2014] [Originally Added On: February 20th, 2014]
[DEFCON 19] Steganography and Cryptography 101 - Video [Last Updated On: February 22nd, 2014] [Originally Added On: February 22nd, 2014]
A Brief Rundown Of The Spying Questions Intel's CEO Won't Answer [Last Updated On: February 25th, 2014] [Originally Added On: February 25th, 2014]
DEF CON 8 - Jon Erickson - Number Theory Complexity, Theory, Cryptography, and Quantum Computing. - Video [Last Updated On: February 26th, 2014] [Originally Added On: February 26th, 2014]
Was YOUR iPhone at risk of being hacked? Bug in Apple update left mobiles open to identity theft for up to 18 months ... [Last Updated On: February 27th, 2014] [Originally Added On: February 27th, 2014]
Security researchers urge tech companies to explain their cryptographic choices [Last Updated On: February 27th, 2014] [Originally Added On: February 27th, 2014]
Apple reveals algorithm behind 'encrypted' iMessages [Last Updated On: February 28th, 2014] [Originally Added On: February 28th, 2014]
Wiliest Ways to Keep the NSA at Bay [Last Updated On: March 1st, 2014] [Originally Added On: March 1st, 2014]
How to Pronounce Cryptography - Video [Last Updated On: March 1st, 2014] [Originally Added On: March 1st, 2014]
cryptography in DNS - Video [Last Updated On: March 3rd, 2014] [Originally Added On: March 3rd, 2014]
Who is the reclusive billionaire creator of Bitcoin? [Last Updated On: March 4th, 2014] [Originally Added On: March 4th, 2014]
How to say cryptography in Italian - Video [Last Updated On: March 4th, 2014] [Originally Added On: March 4th, 2014]
Massive Linux security flaw dwarfs Apple’s cryptography problems of just last week [Last Updated On: March 5th, 2014] [Originally Added On: March 5th, 2014]
Security lessons from RSA [Last Updated On: March 5th, 2014] [Originally Added On: March 5th, 2014]
Visual Cryptography - Video [Last Updated On: March 5th, 2014] [Originally Added On: March 5th, 2014]
Classical Computing Embraces Quantum Ideas [Last Updated On: March 6th, 2014] [Originally Added On: March 6th, 2014]
Quantum Cryptography Conquers Noise Problem [Last Updated On: March 6th, 2014] [Originally Added On: March 6th, 2014]
REALITY LOST Bonus scene 4. Quantum cryptography Founding Fathers. - Video [Last Updated On: March 7th, 2014] [Originally Added On: March 7th, 2014]
Quantum Cryptography: From Theory to Practice - Video [Last Updated On: March 9th, 2014] [Originally Added On: March 9th, 2014]
Forcing Trust: Nonlocal Games and Untrusted-device Cryptography - Video [Last Updated On: March 9th, 2014] [Originally Added On: March 9th, 2014]
TrustyCon 2014 - New Frontiers in Cryptography - Video [Last Updated On: March 9th, 2014] [Originally Added On: March 9th, 2014]
REALITY LOST Bonus scene 3. Christian Kurtsiefer on hacking quantum cryptography. - Video [Last Updated On: March 9th, 2014] [Originally Added On: March 9th, 2014]
Nerlens Noel Tweets Date for Potential NBA Debut [Last Updated On: March 9th, 2014] [Originally Added On: March 9th, 2014]
CISSP SG Cryptography - Video [Last Updated On: March 10th, 2014] [Originally Added On: March 10th, 2014]
More secure communications thanks to quantum physics [Last Updated On: March 13th, 2014] [Originally Added On: March 13th, 2014]
New Cryptography Scheme Secured By Quantum Physics [Last Updated On: March 13th, 2014] [Originally Added On: March 13th, 2014]
History Of Cryptography - Video [Last Updated On: March 14th, 2014] [Originally Added On: March 14th, 2014]
avc 19 Cryptography x264 - Video [Last Updated On: March 15th, 2014] [Originally Added On: March 15th, 2014]
Edward Snowden Speaks at SXSW [Last Updated On: April 10th, 2017] [Originally Added On: March 15th, 2014]
Tor is building an anonymous instant messenger [Last Updated On: April 10th, 2017] [Originally Added On: March 15th, 2014]
learn cryptography learn the following pkcs refrences - Video [Last Updated On: March 16th, 2014] [Originally Added On: March 16th, 2014]
[Lec-2][Part-2] Shift Cipher - Symmetric ciphers - Video [Last Updated On: March 16th, 2014] [Originally Added On: March 16th, 2014]