Aeternity, one of the blockchain 3.0 platforms which aim to deliver transparency when it comes to governance, scalability and efficiency, has just announced its new partnership with the decentralized exchange platform weiDex.

The collaboration involves an investment worth $100,000 USD that will push forward the development of the first decentralized exchange by weiDex which will operate on the Aeternity blockchain. It will also allow users to carry out cross-chain, trust-free atomic swaps between AE tokens and other crypto coins such as Bitcoin (BTC), Ether and NEO.

Also, there will be a decentralized exchange that will be easily integrated into the æpps in order to ensure that it provides users with a suitable portal to the current Aeternity ecosystem. New users will be able to acquire AE tokens easily and quickly.

According to Nikola Stojanow, the Chief Business Development Officer of Aeternity, who also happens to be the CEO of Aeternity ventures, when it comes to daily transactions, users on the centralized exchanges face a lot of issues, including the “high risk of hacks. Unannounced down-times, blocked funds and personal data leaks”.

Nikola stated that due to the platform’s capacity, the partnership should prove. He added;

“We’re excited to see a growth in the usage of decentralised exchanges like weiDex that address these issues. Aeternity is the ideal platform for weiDex to build on, as it can handle large amounts of secure trades, allowing users to swap tokens privately and as quickly and conveniently as possible.”

The Aeternity platform has been designed in such a way that it is able to handle large amounts of secure trades, and for that reason it is definitely the ideal company that weiDex will be able to build on.

About weiDex

As mentioned earlier, weiDex is the very first easy to use and fully featured decentralized exchange. This is due to the fact that it has a range of features stacked with fresh and easy to use user interface. It is also combined with secure smart contract technology to transact orders.

Some of the advantages that make weiDex stand out over both centralized and decentralized exchanges include;