Topic: DECENTRALIZED EXCHANGES: why we need decentralization? - page 2. (Read 629 times)
Decentralized exchange is what we really need for blockchain economy the problem however is that when it comes to decentralized exchange there are pretty much low volume from it to make the prices of these tokens go up. Traders prefer to stick on bigger exchanges that they can hit the floor when trading. There are several decentralized exchagne right now that aims to have big volumes, I think their success will help the economy of each tokens 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
I think the benefit of decentralized exchange is the data statistic is real. For example the volume. It is hard to fabricating the volume in decentralized exchange with a fake volumes. And the decentralized exchange is not required for us to create account other than our wallet itself.
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Well, cryptocurrency and exchanges site are meant to decentralized because the reason behind cryptocurrency creation was to make people financial freedom, save us from the government failure and to give the world total liberation from the world economic problem. However, any exchange which are not decentralized are definitely trying to please the government instead of the crypto community which are the reason why they exist in the first place.
Nexybit is the exchange that got my attention because they are good, fast , decentralized and it the first revenue sharing exchange.
Nexybit is the exchange that got my attention because they are good, fast , decentralized and it the first revenue sharing exchange.
I think that this will be very difficult to do, decentralizing exchange is impossible. This is because each exchange must have a different service.
Each exchange has its own interests and it is not easy to put together in a centralized system.
There must be support from all parties and that is a matter that needs struggle, maybe the opportunity is only 20 percent.
Each exchange has its own interests and it is not easy to put together in a centralized system.
There must be support from all parties and that is a matter that needs struggle, maybe the opportunity is only 20 percent.
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
Firstly, decentralization was the tradition of cryptocurrency and blockchain as it was implemented by Satoshi in other to make everyone equal, give people liberation from the government power and errors but give the community the power to control crypto sphere.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
Therefore, the benefit of decentralized exchange is to make their users anonymous instead of collecting some private information which could expose their users to hacker or online theft because we had an issues where the people in charge of customers data link and sold their customers information which we both know could back fire the data owner.
Have alot of exchanges and projects that caught my attention simply because they are fast with their services, have good customers support and they decentralized.
until now there has been no pure decentralized exchange
IDEX recently banned IP from New York to access the exchange
how sad they say they are decentralized exchange but they can control who can access the exchange
we really need decentralized exchange so that the activities of users remain anonymous
IDEX recently banned IP from New York to access the exchange
how sad they say they are decentralized exchange but they can control who can access the exchange
we really need decentralized exchange so that the activities of users remain anonymous
I usually trade on Ddexs because of low fees and they don't need any registration or ask for KYC.
Besides, all blockchain's applications should be decentralized, that's the purpose from creating this technology.
Besides, all blockchain's applications should be decentralized, that's the purpose from creating this technology.
I think, that decentralized security exchanges are safer and better. and hosting of decentralized exchanges is sent through nodes to nodes, I mean, that there is no risk of server downtime.
We need decentralize exchange to fully control our cryptocurrency. Centralize exchange are like banks, they control our coins inside their platform. They also have the key to our cryptocurrency. If they decide not to an access with your account you can't do anything about it.
In my opinion decentralized exchange is very easy to use and also they are anonymous to users. You don't need to provide personal data and don't even need to show your email.
The decentralization exchanges are just doing one of the purposes for the existence of cryptocurrencies which is simply to put you directly in charge of your money. There are so many such as TokenStore, Idex, ForkDelta, EtherDelta, and so on.
I had experience working with the Bancor decentralized exchange. However, a few months ago, the exchange suffered from a hacker attack and I also had in connection with this financial loss, which has not yet been compensated.
There are many, perhaps over 50 right now. "What benefits / extras do they offer?" Well... euh... decentralization first...
The problem is we need more people using it for the sake of ...decentralization!
POWER !
The problem is we need more people using it for the sake of ...decentralization!
POWER !
For keeping crypto independent decentralization is an important element of crypto currencies. To keep away crypto from central authorities to have control on our money, bitcoin is a unique tool.
Decentralize exchange is the best to use to buy and sell all my ERC 20 tokens. It is very fast without many hustles and many verifications. Just getting your price got filled for your purchase. The bad side is lack of immediate customer support it lack.
https://bithemoth.com/?page_id=48
What do you think about this exchange and all they will be offering
What do you think about this exchange and all they will be offering
In terms of security, decentralized exchanges are preferred, but we cannot make any profit because of the volume. People's priority is not security, unfortunately. If so, the volume of the centralized exchanges would be high.
Decentralized exchanges differ from centralized ones in that they allow users to control their funds by managing their most important functions on the blockchain: they use the technology of the cryptocurrencies themselves, thereby ensuring the security and transparency of trading. DEX solves the main problems that cryptocurrency markets face:
-there is no need to trust users' funds to third parties: this means that the funds are safe;
-confidential data is stored in a secure environment.,
since they do not have a single point of failure. This is due to the power of technology blockchain. I can say unequivocally that the future is for DEX.
-there is no need to trust users' funds to third parties: this means that the funds are safe;
-confidential data is stored in a secure environment.,
since they do not have a single point of failure. This is due to the power of technology blockchain. I can say unequivocally that the future is for DEX.
Decentralized exchanges are simply the best. Such that you take control of everything yourself. Like Idex . but I think people dont really use them like the centralized ones.
Personally, I prefer to use decentralized exchanges. Because in my opinion, decentralized exchanges tend to be safer, besides, they charge a small fee
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