Decentralized exchanges the future of 2019? - page 4.

various

sr. member

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Quote from: saturn.network on January 17, 2019, 12:21:06 PM

Adoption of decentralized exchanges will see an all time high in 2019, cross chain decentralized trading and atomic swaps will start to become the norm Wink

a true decentralized exchange provides many benefits:

No need to give up control of your funds
Censorship resistant orderbook
Impossible to hack
No concerns of fake volume and manipulation

This week Binance CEO CZ recommended people store their crypto on reputable exchanges... but what is reputable? If you do not have your private key, well then can you really call it crypto?

What are your thoughts? Will 2019 be the year of DEX?

Not only 2019, the future years will be the years of DEX. There are reports that our identity informations are being sold on the darknet for a few days. The only way to prevent identity theft is DEX exchanges.

MrPiggles

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Activity: 980

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Decentralized Ascending Auctions on Blockchain

Quote from: spike420211 on January 22, 2019, 07:45:01 AM

In my opinion, high-quality decentralized exchanges may well save the situation, because all large and large exchanges require paying huge fees for listing tokens, which does not allow a huge number of projects to enter the market, but decentralized exchanges may have liquidity problems.

But it will help scam projects to make money more easily. I do not believe much in decentralized exchanges because most of them are normal projects and do not have a big deal from big exchanges. If you want a good development project, then choose the top exchanges

spike420211

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In my opinion, high-quality decentralized exchanges may well save the situation, because all large and medium exchanges require paying huge fees for listing tokens, which does not allow a huge number of projects to enter the market, but decentralized exchanges may have liquidity problems.

Andrews193

member

Activity: 243

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In my opinion, i think that 2019 will be the future of Dapp. The Dex will need more time to replace CEX.

Script3d

hero member

Activity: 1232

Merit: 503

Quote from: saturn.network on January 17, 2019, 12:21:06 PM

Adoption of decentralized exchanges will see an all time high in 2019, cross chain decentralized trading and atomic swaps will start to become the norm Wink

a true decentralized exchange provides many benefits:

No need to give up control of your funds
Censorship resistant orderbook
Impossible to hack
No concerns of fake volume and manipulation

This week Binance CEO CZ recommended people store their crypto on reputable exchanges... but what is reputable? If you do not have your private key, well then can you really call it crypto?

What are your thoughts? Will 2019 be the year of DEX?

There's no way to stop a hack, there's no system that is unhackable, every system have its weakness, Decentralized exchange will be no brainer if the exchange is good and can compete with centralized exchange, if not then we wouldn't see it on the future.

fileo

member

Activity: 658

Merit: 10

Rangers Protocol

Decentralized exchange will be with the future of crypto but not the only future of crypto. There is another exchange known as centralized exchange. Decentralized and centralized exchange will be together promoting and servicing the people in crypto space as long as they can. Not impossible as we all know now there are a lot of exchange campaign either decentralized and centralized.

tonibyuzen

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Activity: 168

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“Justice as a Service Infrastructure”

Of course, the emergence of more decentralized exchanges will reduce the number of hacks. But at the same time decentralized exchanges will not be able to give you a 100% guarantee of security, although they have a number of advantages over centralized sites. 2019 may pass under the sign of DEX and security tokens, but I still advise you to take care of the security of your coins and keep them on a cold wallet.

sorrros

full member

Activity: 954

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ludenaprotocol.io

I do not understand how centralized authority (Binance) could create some decentralized solution? Currently there are only 2 true decentralized cryptocurrencies - Bitcoin and Grin. Everything else was created by a group of team that hold majority of tokens/coins/power.

saturn.network

jr. member

Activity: 193

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Team Saturn

Quote from: Little Mouse on January 18, 2019, 10:02:43 PM

We have seen lots of hack in various exchange including the recent cryptopia hack. People will get bored and loss faith in centralized exchange and will start using decentralized exchange from now if available. So, in 2019, there will be more decentralized exchange and those will be flourish so fastly from now on.

Definitely we have to keep promoting good & safe practices for trading coins & tokens.

Just look at the list of documented exchange hacks:

https://blog.saturn.network/list-of-documented-exchange-hacks/

Centralized exchanges are not a safe place to store your crypto, better to have your private key and trade on a decentralized exchange. For example, on Saturn Network we allow wallet to wallet trading in one transaction this way you never lose control of your funds.

https://saturn.network

Little Mouse

legendary

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

We have seen lots of hack in various exchange including the recent cryptopia hack. People will get bored and loss faith in centralized exchange and will start using decentralized exchange from now if available. So, in 2019, there will be more decentralized exchange and those will be flourish so fastly from now on.

xprince1996

member

Activity: 434

Merit: 10

yes i believe that decentralized exchanges are the future of exchange it protects the information of everyone who used it.

Saisher

full member

Activity: 2324

Merit: 175

Quote from: saturn.network on January 17, 2019, 12:21:06 PM

Adoption of decentralized exchanges will see an all time high in 2019, cross chain decentralized trading and atomic swaps will start to become the norm Wink

a true decentralized exchange provides many benefits:

No need to give up control of your funds
Censorship resistant orderbook
Impossible to hack
No concerns of fake volume and manipulation

This week Binance CEO CZ recommended people store their crypto on reputable exchanges... but what is reputable? If you do not have your private key, well then can you really call it crypto?

What are your thoughts? Will 2019 be the year of DEX?

It's going to be and the strong reason is the recent hacked on Cryptopia, people want full security and they want transparency also because so many exchanges are manipulating the volume to pump a certain coin which is not good in the industry.

adterna

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Activity: 1036

Merit: 10

It might be possible that 2019 will be the year of DEX, and winning exchange decentralization has many advantages, and what I really like about decentralization of exchange is that we have full control over our funds.

tk808

legendary

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Invest in your knowledge

If you are unaware, this has been a thing. The majority of ICO's during the final months of 2018 were for DEXs, Binance and Huobi are both creating DEXs to be launched in a few months. This is definitely going to be a major area of focus upcoming, we are seeing a dynamic shift in terms of the meaning of decentralization; it's essentially has become a re-focus for many upcoming projects.

DEX's will ultimately control/handle more volume than CEX in the coming years, due to regulations and most of what the creator of this thread expressed.

Ferris419

hero member

Activity: 1008

Merit: 501

Quote from: lotfipro on January 17, 2019, 04:59:57 PM

I heard it a year ago. In 2017-2018 had appeared first decentralized exchanges, like idex. I don't find any changes in my trading. The same functions and operations. I think 2019 will be a year of something more impressive.

I hope so. But now the problem is Crypto becoming unpopular for decreasing its price. Crypto going to Valueless, people getting disappointed. They expecting a better value but that's not happening. 2018 was a frustrating year, so hope 2019 will be best.

TastyChillySauce00

legendary

Activity: 3010

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Leading Crypto Sports Betting & Casino Platform

Quote from: Geenstijl on January 18, 2019, 10:54:12 AM

Quote from: saturn.network on January 17, 2019, 12:21:06 PM

Adoption of decentralized exchanges will see an all time high in 2019, cross chain decentralized trading and atomic swaps will start to become the norm Wink

a true decentralized exchange provides many benefits:

No need to give up control of your funds
Censorship resistant orderbook
Impossible to hack
No concerns of fake volume and manipulation

This week Binance CEO CZ recommended people store their crypto on reputable exchanges... but what is reputable? If you do not have your private key, well then can you really call it crypto?

What are your thoughts? Will 2019 be the year of DEX?

I hope so. There are a lot of dexes based on bitshares (+ waves dex + forkdelta + others) but the convenience and performance of such solutions is very questionable. Plus all of them are full of shitcoins and there are no really legit and reliable DEX yet.

The performance in decentralized exchange is really what make people avoid it, too many flaw and error however if they could eventually develop it to the point where it is nearly flawless and fast enough to compete with centralized exchange, I'm pretty sure people will be switching over.

Geenstijl

legendary

Activity: 1232

Merit: 1000

Quote from: saturn.network on January 17, 2019, 12:21:06 PM

Adoption of decentralized exchanges will see an all time high in 2019, cross chain decentralized trading and atomic swaps will start to become the norm Wink

a true decentralized exchange provides many benefits:

No need to give up control of your funds
Censorship resistant orderbook
Impossible to hack
No concerns of fake volume and manipulation

This week Binance CEO CZ recommended people store their crypto on reputable exchanges... but what is reputable? If you do not have your private key, well then can you really call it crypto?

What are your thoughts? Will 2019 be the year of DEX?

I hope so. There are a lot of dexes based on bitshares (+ waves dex + forkdelta + others) but the convenience and performance of such solutions is very questionable. Plus all of them are full of shitcoins and there are no really legit and reliable DEX yet.

wuvdoll

legendary

Activity: 1442

Merit: 1025

It is not really that easy to advertise a decentralized exchange. First of all there is no central place for it that could advertise it, there is no money like the central exchanges make so there is no costs but no profits neither which means there is no budget for it as well. I mean decentralized exchanges have only one chance to actually get bigger and that is going viral.

If one of them goes viral and gets heard by many people and get a lot of users, that could bring attention to it, aside from that there is really no way of getting bigger without spending money. Of course some person may start one and spend a ton of money from their own pocket without caring about profits and than can make it get it heard but that's really unlikely to happen to begin with. So, I doubt any of them will get any bigger in 2019 because its unlikely but if it happens it will happen all of a sudden and not slowly.

RobotNIK

jr. member

Activity: 280

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ADAB Solutions First crypto exchange Islamic Cryp

The CEO of Binance said exactly what he needed for people to hear, but in general I agree that decentralized exchanges have more advantages!

Mysteryla

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Activity: 420

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The rate at which some projects are now going for decentralized exchanges is gradually on the increase.
Also, considering how centralized exchanges are subject to hack, this does not really happen when it comes to decentralized exchange, except with the issue of Etherdelta that was compromised sometimes ago. Yet decentralization is the most preferable, because you would have full control over your assets.

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