The mystery surrounding the Mt. Gox exchange attack, and it's nearly $460 million worth of BTC stolen, has brought awareness back to the narrative of exploring replacements to centralized exchanges with decentralized exchanges (DEXs). While centralized exchanges offer a logical go-to for some people, as they can offer higher levels of regulation and customer service, others may claim they tend to mirror the improper data practices of the older days of technology.
To understand the concept of decentralized exchanges, knowing where they have struggled to reach any semblance of competition to their centralized counterparts is mandatory. It has been challenging for DEXs to appease their shortcomings in liquidity, user experience, and withdrawal processing mainly because of their technical barriers. Although some DEXs provide order-matching off-chain, the settlement of trades between users still occurs on-chain - where processing capacity is limited. For starters, the development of decentralized exchanges is a topic with an increasing number of discussions on Twitter, Reddit, and Quora. Even Google Trends says that this topic has spiked. This can be the signal that people are ready to take in the benefits of a trustless administration
These are some facts about the emerging market for decentralized exchanges and it's worth a try in 2019. Any of the mentioned DEXs
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