It is trustless, much like Ethereum itself. As a final note, while ForkDelta and EtherDelta both use the same smart contract, the new owners of EtherDelta cannot alter said smart contract hence there is no worries about interference in that respect. ForkDelta, on the other hand, has picked up where the (old) EtherDelta left off and continues to thrive. Since the creation of ForkDelta, EtherDelta is essentially dead and is considered inactive. You can create about its initial announcement on this Reddit thread. Thus, in February 2018, ForkDelta was created. Hence, a few of them decided to take matters into their own hands. All of these caused members of the EtherDelta community to lose faith in the platform, with many worrying that the security of their funds had been compromised. The EtherDelta token, as you can see here, is now practically worthless. Needless to say, the ICO was a failure and it reached only 3% of its hardcap.
The new owners immediately embarked on an ICO at the end of 2017, which raised numerous red flags from the community, such as its whitepaper missing key elements. Around the same time as the hack, there were strong suspicions that the original creators of EtherDelta had sold the site. At least 308 ETH was stolen as a result of the hack. So why does ForkDelta exist? In December 2017, hackers managed to compromise EtherDelta’s DNS server and serve its users a phishing site instead. Essentially the backend is exactly the same (and not just a duplicate, it is literally the same smart contract) while the outside is slightly different. EtherDelta and ForkDelta: A Brief Historyīefore we go into the guide, it is worth explaining a little bit about the difference between ForkDelta and EtherDelta as it can be confusing to those unfamiliar with their history.įorkDelta is an open source fork of EtherDelta that still uses the same smart contract but different frontend interface.
#SKRUMBLE FORKDELTA HOW TO#
Just like the previous guide on AirSwap (a far more beginner friendly option), this guide will cover what ForkDelta is and how to use it. However, it also has the reputation as being one of the least beginner friendly options, hence the creation of this guide. When it comes to trading ETH and ERC20 tokens, ForkDelta is one of the more popular decentralized exchanges out there today.
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