Let's try it and share some experience here, so.. I like it so far. Sure will be a great success in the future!
Topic: DECENTRALIZED EXCHANGES: why we need decentralization? (Read 556 times)
Hi there! I'm rather prefer Decentralized Exchanges against the centralized ones, and i found a new Decentralized Exchange yesterday : https://trex.org/
Let's try it and share some experience here, so.. I like it so far. Sure will be a great success in the future!
Let's try it and share some experience here, so.. I like it so far. Sure will be a great success in the future!
When the cryptocurrency just begins to hype, we all heard that decentralisation is the key and the future, so it needs to be here!
I have created this post to discuss and comment generally about exchange decentralization
What are the benefits of decentralized exchanges?
BTCDo you know any?
BTCHow has been your experience with them?
BTCWhat benefits / extras do they offer?
BTCHave you heard of some new exchanges projects that got your attention? and why?
Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions
What are the benefits of decentralized exchanges?
BTCDo you know any?
BTCHow has been your experience with them?
BTCWhat benefits / extras do they offer?
BTCHave you heard of some new exchanges projects that got your attention? and why?
Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions
Aside the fact that Decentralised Exchanges actually preaches the concept of Bitcoin, they also:
1. Have low transaction fees
2. It is automated
3. You have full control of your assets
4. Kyc is not needed
Centralized exchanges take too much fees and community based projects do not have much funds to spare so they kinda never get the attention they deserve. Secondly, decentralized exchanges have more security compared to centralized ones.
But most exchange now are centralized like Bittrex, Binance, Okex, coinbene, that requiring KYC. Then I also believe that Decentralized id more secured because you're the only one who is able to control it and have access on it. But sometimes there is risk like Etherdelta or Forkdelta this platform is an example of decentralize exchange but its not good for me because this platform is asking private key and eth address too, and faced issues several times in terms of hacking the account of their client users. In short, I would rather choose centralize exchange than decentralized exchange. And besides, most of the top 10 exchange was centralized exchange too.
this is exactly the biggest problem that decentralized exchanges are facing: people prefer to stick to centralized ones and don't use decentralized exchanges! at the same time they expect a perfect solution!
well that won't work because if you and I don't use them, they won't improve because they need to be tried out so that the bugs can be found or at the very least they can improve their platform using our suggestions. not to mention that the volume won't go up as long as everyone sticks to centralized exchanges while getting scammed by them!
Decentralization is necessary first of all because it will allow us all to get rid of intermediaries who take too much money for their services. And it will also contribute to freer trade, and the absence of unnecessary regulation.
Exactly. In summary, the power of our money goes back to us. It will benefit businesses as well because it will revolutionize ecommerce.
Centralized exchanges take too much fees and community based projects do not have much funds to spare so they kinda never get the attention they deserve. Secondly, decentralized exchanges have more security compared to centralized ones.
But most exchange now are centralized like Bittrex, Binance, Okex, coinbene, that requiring KYC. Then I also believe that Decentralized id more secured because you're the only one who is able to control it and have access on it. But sometimes there is risk like Etherdelta or Forkdelta this platform is an example of decentralize exchange but its not good for me because this platform is asking private key and eth address too, and faced issues several times in terms of hacking the account of their client users. In short, I would rather choose centralize exchange than decentralized exchange. And besides, most of the top 10 exchange was centralized exchange too.
the very best will be
blocknet
komodo
they still need a little polish and such but soon I think these will be the dominant dex's in this arena
blocknet
komodo
they still need a little polish and such but soon I think these will be the dominant dex's in this arena
I have made my own research and they will be offering to users to deposit crypto or fiat currency to the Bithemoth exchange through a variety of means such as E-wallet, credit card, SWIFT transfer, SEPA transfer or local bank deposits. Users will have the option to convert fiat currencies into cryptocurrency and be able to turn cryptocurrency into fiat in large quantities. Personally for me this feature will be a huge! for the community and provide a gateway into the crypto world for new users and institutional investors.
They will have a Bithemoth debit card, that will make spending our holdings in crypto very easy, According to the project development they will have thei own Hardware wallets offering a new level of security for the users.
I also found this article posted in Nasdaq website:
https://www.nasdaq.com/press-release/bithemoth-exchange-bridging-the-gap-between-reality--the-crypto-world-to-ease-trading-20181025-01370
They will have a Bithemoth debit card, that will make spending our holdings in crypto very easy, According to the project development they will have thei own Hardware wallets offering a new level of security for the users.
I also found this article posted in Nasdaq website:
https://www.nasdaq.com/press-release/bithemoth-exchange-bridging-the-gap-between-reality--the-crypto-world-to-ease-trading-20181025-01370
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Decentralization will bring power back to the people! meaning taking the power from corporations to real people! it is necessary to create a big program for education because until now there are so many people that don't have any idea about the importance and meaning of decentralization with blockchain!
could be nice yes, but it will never happen.countries and families who controls the economies wont let this happen.maybe they let us play in playground for make us think "yea we did it, world is getting better now" but no, i dont think its possible.
i think decentralization is much safer in many ways than non decentral thinks.
There is no admin how can make what ever he whants or stops working when he wants.
decentralization is the future of many thinks now.
regards
There is no admin how can make what ever he whants or stops working when he wants.
decentralization is the future of many thinks now.
regards
Some countries are clamping down with regulation so they require strict KYC documentation. To avoid that they can instead switch to a decentralised exchange and trade p2p
Decentralized exchanges offer more security and as it has no regulations to follow the government can't shut it down easily. But these exchanges are a bit harder to use for general users.
Decentralized exchanges are meant to protect the users involved in the transactions from unnecessary intrusions. It also helps in keeping privacy.
We need decentralized exchanges because they are safe. Any person can participate in this and it will always be se secured. Also the charge is low.
Anything that is distributed or decentralized has huge benefits to offer. A decentralized system is usually fail proof. It also ensures robust security. This exchanges should gain popularity in upcoming days due to its decentralized nature.
I believe a decentralized exchange will be free from fraud. The transaction fees are less compared to others. And people love the idea of decentralization.
Really Decentralized exchanges is what we need. Why because?
This is going to cub or regulate the way people quickly dump most of their coins if not all almost immediately a particular coin is been listed.
This is going to cub or regulate the way people quickly dump most of their coins if not all almost immediately a particular coin is been listed.
I have created this post to discuss and comment generally about exchange decentralization
What are the benefits of decentralized exchanges?
BTCDo you know any?
BTCHow has been your experience with them?
BTCWhat benefits / extras do they offer?
BTCHave you heard of some new exchanges projects that got your attention? and why?
Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions
What are the benefits of decentralized exchanges?
BTCDo you know any?
BTCHow has been your experience with them?
BTCWhat benefits / extras do they offer?
BTCHave you heard of some new exchanges projects that got your attention? and why?
Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions
Decentralized behaviour of bitcoin,made them sustained for 9 long years. If the bitcoin price is Centralized one ,then it value is controlled by the individual.We are investing our money.If it's centralised,the person having the power of control of bitcoin price.Will get your bitcoin,by reducing it price.And the new trader will sell their bitcoin due to panic.
I have created this post to discuss and comment generally about exchange decentralization
What are the benefits of decentralized exchanges?
BTCDo you know any?
BTCHow has been your experience with them?
BTCWhat benefits / extras do they offer?
BTCHave you heard of some new exchanges projects that got your attention? and why?
Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions
Decentralized exchanges are the future and there are many reasons for that, to begin with you are the one that is always in control of your coins and not the exchange, this is something very important because as we know there have been many hacks in the past to exchanges and they could lose your coins and while losing your coins is already a terrible experience, losing your coins because of the mistake of someone else is even more devastating.What are the benefits of decentralized exchanges?
BTCDo you know any?
BTCHow has been your experience with them?
BTCWhat benefits / extras do they offer?
BTCHave you heard of some new exchanges projects that got your attention? and why?
Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions
Another advantage of decentralized exchanges is that is going to be a lot harder for governments to regulate them so we can expect to keep our privacy in those exchanges for a very long time, but there are problems as well and one of those at the moment is the lack of volume in such exchanges.
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