"The decentralized exchange will be the future"
It's a pretty good thing. It reduces the cost each time you switch from your wallet to the exchange.
Topic: Do you think the Decentralized exchange will be the future? (Read 407 times)
It is indeed the future as it's safer in decentralized exchange as you trade directly from your wallet but the problem is usually there's only a little liquidity at decentralized exchange so it makes trading harder, if you want to sell or buy a large amount of coin you have to wait for a long time if you don't want to pay more.
It has to happen i think, but the lack of liquidity still remains the biggest challenge for dex. Currently, i can think of Binance possibly can mitigate this issue.We saw so many new players with their own approach on dex. It will fun if we can see dexes can connect to certain external "liquidity" pool, then could guarantee sufficient liquidity. Beside that security issue, many users or providers still have questionable safety practice or awareness. This is more subjective problem. But i see things can only be improved and better as more smart minds coming into crypto.
I do have high hope for decentralized exchange. That's what Bitcoin and crypto community wanted from the start.
I do have high hope for decentralized exchange. That's what Bitcoin and crypto community wanted from the start.
I do have mix feeling to it. I do like DEX because they don't ask for KYC but still without huge volume to coins. Without it traders are going to move to exchanges like binance for profit which is exactly what we all want. Not even one DEX today can match even the non popular exchange such as cryptopia. WeiDEX seem to be a promising one but there is no assurance from them not asking for KYC actually.
It has to happen i think, but the lack of liquidity still remains the biggest challenge for dex. Currently, i can think of Binance possibly can mitigate this issue.We saw so many new players with their own approach on dex. It will fun if we can see dexes can connect to certain external "liquidity" pool, then could guarantee sufficient liquidity. Beside that security issue, many users or providers still have questionable safety practice or awareness. This is more subjective problem. But i see things can only be improved and better as more smart minds coming into crypto.
I do have high hope for decentralized exchange. That's what Bitcoin and crypto community wanted from the start.
I do have high hope for decentralized exchange. That's what Bitcoin and crypto community wanted from the start.
maybe, in decentralized exchange you can find features that do not exist in centralized exchanges.
example security. If someone hacked the password and 2fa in your centralization exchange account then your account is done, hacker will take away your money.
but on decentralizing exchange is different, if someone wants to hack your account they (hackers) must get a private key from your wallet to be able to enter your decentralized exchange account, so they have advantages in security . This is just my opinion.
example security. If someone hacked the password and 2fa in your centralization exchange account then your account is done, hacker will take away your money.
but on decentralizing exchange is different, if someone wants to hack your account they (hackers) must get a private key from your wallet to be able to enter your decentralized exchange account, so they have advantages in security . This is just my opinion.
Yes, but nowadays they do not have enough liquity, and we are forced to use centralized exchanges such as Binance, Huobi and others.
We can never tell what the future will bring. But I am open to the possibility that decentralized exchange will be in the future. But as of these current situations, maybe not for now. It would take time and when that time comes, maybe all of us are ready for it.
"Controlled smart contract" I like that part and I see truth in it. Decentralization will be available in the future not present. what is being done today in the community is putting things in place to actualize the dream of decentralization tomorrow.
I would like to believe that decentralised Exchanges will be the future but at the moment it is far away. They are not
user friendly exchanges, without customer support and proper communication to their customers. Many of them hacked etc.
Used Ether Delta and Forkdelta earlier but nowadays only Idex from decentralised Exchanges with reason.
user friendly exchanges, without customer support and proper communication to their customers. Many of them hacked etc.
Used Ether Delta and Forkdelta earlier but nowadays only Idex from decentralised Exchanges with reason.
Even Binance is working on that. And many other projects working on decentralized exchanges, sure there are some barriers but I believe we will be using decentralized exchanges instead of centralized ones in the future.
The issue of moving fast and some exchanges being closed, is simply blocking a group of people trying to access. To avoid this, we can only rely on decentralized exchanges.
This means that the exchange only works on the controlled smart contract
Yes, I think decentralized exchanges will work successfully in the future. At the moment, these exchanges still have many disadvantages, but I think that in the future they will improve and they will work successfully. This means that the exchange only works on the controlled smart contract
I think so ! I think it is a very transparent and open network with huge opportunities !
The issue of moving fast and some exchanges being closed, is simply blocking a group of people trying to access. To avoid this, we can only rely on decentralized exchanges.
This means that the exchange only works on the controlled smart contract
This means that the exchange only works on the controlled smart contract
Definitely Yes mate, decentralized exchanges is much better than centralize exchanges. One of the main reasons why cryptocurrencies appeal to such a massive, global audience is because they can operate outside the reach of any one government, regulator or central authority. While this clearly raises questions on best practices to monitor criminal activity of funds, it also means that individuals can escape corrupt government regimes that have the ability to improperly seize privately owned assets. In a truly decentralized exchange, there is no way for any one person or entity to “take control” of the system, making it much more resistant to censorship, government interference, and power games.
I do think decentralised exchanges are the future if a few problems such as unpredictable fees, slow interface, security, lack of support and etc.
Yeah. Decentralized exchanges are good option but they need to improve those features which you've mentioned
Otherwise they won't get that popularity.
I've used some dexs and their interface is always lagging that's hell annoying.
I generally think that the crypto currency will turn our World. Already, it is so popular. What is already on the lips of every third in our country. And people seriously plan for the development of this system. I'm not an exception. I believe with everything soon, we will use virtual circuits more often than real ones.
Ye surely the decentralized excahng will be the future
The issue of moving fast and some exchanges being closed, is simply blocking a group of people trying to access. To avoid this, we can only rely on decentralized exchanges.
This means that the exchange only works on the controlled smart contract
This means that the exchange only works on the controlled smart contract
i don't think so recently bancor was hacked and millions were stolen from the exchange. hackers may have find a way to hack the smart contracts somehow. but it is the fact that decentralized exchanges are much safer than centralized one
The issue of moving fast and some exchanges being closed, is simply blocking a group of people trying to access. To avoid this, we can only rely on decentralized exchanges.
This means that the exchange only works on the controlled smart contract
This means that the exchange only works on the controlled smart contract
Definitely Yes I agree with you mate. Decentralized exchange is better to use. Decentralized exchanges run on a distributed ledger and therefore do not face the same risks of exploitation. If certain nodes are breached, the network would still operate normally and security would not be compromised. Also, because they do not hold the funds and the private keys of their entrusted users, decentralized exchanges keep their users’ funds and personal data secure without undermining their privacy rights.
The decentralized exchange will be the future for sure, much safer than Centralized exchanges
Yes, since the main goal of crypto is decentralization so I guess it's the future so no one could control our funds and we can trade at our own risk, fuck centralized exchanges it won't last longer.
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