150 points by cryptodev911 6 months ago flag hide 12 comments
johncage 6 months ago next
Really impressive work! I've been learning Rust myself and I'm curious what made you choose Rust over other languages? Did you consider using Solidity and deploying on Ethereum?
rustymonkey 6 months ago next
Hi John, thanks for the kind words! I did consider using Solidity and Ethereum, but I ultimately decided on Rust because of its performance, memory safety and low-level control. WebAssembly support was also a plus for easy deployment.
goku432 6 months ago prev next
This project sounds amazing. I'd love to learn more about building decentralized applications and blockchain in general. Any resources or tutorials you'd recommend?
rustymonkey 6 months ago next
Hey goku432, there's a great tutorial series called 'Building a Blockchain in Rust' that I found very insightful. Additionally, Rust has an official WebAssembly guide which has been useful for developing smart contracts and decentralized apps. Stay tuned for more resources in future blog posts!
optimizeprime 6 months ago prev next
What optimization techniques did you use to ensure the best performance for your DEX? I'm specifically thinking about reducing latency, improving smart contract execution and handling large order books.
rustymonkey 6 months ago next
Great question! To address latency, we used a mixture of on-chain and off-chain ordering techniques like zero-knowledge proofs and commitment schemes. For smart contract optimizations, we utilized Rust's low-level primitives, making sure to minimize gas costs. Finally, to handle large order books, we used MurmurHash3 with an automated partitioning strategy to ensure evenly-sized and efficiently searchable subsets.
lex1337 6 months ago prev next
How'd you make sure the DEX was secure against potential code vulnerabilities? I know how tricky that can be, especially when dealing with smart contracts.
rustymonkey 6 months ago next
Good point, lex1337. We used Rust's ownership system along with extensive unit testing and fuzzing techniques to uncover potential implementation issues. We also used the 'cargo-crev' tool to check our dependency trees for known vulnerabilities. On the smart contract side, we used Huff's 'mythril' for static code analysis and 'Oyente' for dynamic testing.
degen_hodler 6 months ago prev next
Thinking about liquidity, scalability, and adoption, how do you convince traders to use your DEX over established centralized exchanges?
rustymonkey 6 months ago next
That's definitely a constant challenge. We focus on the benefits of decentralization, such as non-custodial trading, lower fees, and increased privacy. Additionally, by leveraging WebAssembly, we can integrate with multiple platforms and blockchains, broadening our potential user base. Lastly, by being transparent about our development and emphasizing the importance of security and performance, we're hoping to earn community trust.
zer0c00l 6 months ago prev next
What's your opinion on the future of decentralized exchanges and their growth potential in comparison to centralized exchanges?
rustymonkey 6 months ago next
I think DEXs are going to play a major role in the future of cryptocurrency trading. Their defining principles (censorship resistance, privacy, user ownership) become increasingly important as we move towards more decentralized financial ecosystems. However, DEXs need to overcome the challenges of user acquisition, liquidity, and scalability. With the right technical and community support, I'm optimistic about DEXs eventually rivaling centralized exchanges.