Topic: EtherDelta is not a decentralize exchange (Read 225 times)
There are no obvious evidence and proof in your statement that EtherDelta is a centralized exchange because it is known that this exchange doesn't store users' funds when making a deposit. All funds are sent to smart contract.
It would be unfair to say EtherDelta and all the other DEXs aren't decentralized. Credit should be due to these platforms because they took the first important step, which was to keep user funds in control of users. But yes, of course, decentralization has so many aspects, and if you look at it properly, it is IMPOSSIBLE to make every aspect decentralized, and perhaps even not advisable.
Good to see that people do understand now there are many aspects. Now we have the fund storage/wallet done, next is to make other aspects decentralized and transparent. Books I guess are first to look at.
Good to see that people do understand now there are many aspects. Now we have the fund storage/wallet done, next is to make other aspects decentralized and transparent. Books I guess are first to look at.
I honestly didn't get your point buddy. And I think it doesn't matter anymore whether it's decentralized or not since centralized ones are in fact using bots to kill the price. And this problem isn't new anymore and does it matter to you if someone manipulate the price? Though this is not good for us but this how things work and we can't do anything about this. This is a free market, full of manipulation and speculations and it's up to you whether to buy it or not.
it seems like I am hesitant to agree to that, 50% agree and 50% disagree,
maybe the crypto market like ether delta uses private servers to avoid DDOS attacks and hackers
maybe the crypto market like ether delta uses private servers to avoid DDOS attacks and hackers
I'm honestly not sure what you're referring to by saying that they gather orders on private servers but anyhow, do you have a proof of your claims? They still give you full control over your funds, and I think with all the hacks that are going on in the crypto scene, that was counts the most. You can check this list for decentralized exchanges.
https://www.reddit.com/r/EtherDelta/comments/724qsn/wheres_etherdelta_order_book_resides/
One of the moderators of Reddit says 'There is an off-chain order book server.'
I am accepting that this is less scary than centralized exchanges but off-chain order server means this is not exactly decentralize exchange.
But of-course most of this Decentralized exchanges run on a smart-contract which has been created by someone so the have ability to control anything. In my opinion it's totally impossible to have an exchange that is completely decentralized away that the buyer and a seller deal together without any central authority.
So you either accept the semi decentralized exchanges or you go with fully centralized ones
But the contract creator can limit their authorisation on smart contract so actually the contract has not a owner.
I do not think it is really focusing on the "decentralized" part because of the data collected and how it works to be honest with you.
The point of decentralized exchange is not the data that is stored and where it is stored but more about how there is no party that is holding your coins some place you do not want while you trade, binance for example is the biggest exchange and what do you do when you want to exchange your coins into other coins ?
You give your coins to binance and they hold it for you and you trade your coins, so basically person A gives bitcoin to binance and Person B gives ethereum to binance and binance changes the numbers and now Person A has ethereum and Person B has bitcoin but in reality all those coins are at binance not at the traders. Decentralized is trying to work on getting rid of that hopefully.
The point of decentralized exchange is not the data that is stored and where it is stored but more about how there is no party that is holding your coins some place you do not want while you trade, binance for example is the biggest exchange and what do you do when you want to exchange your coins into other coins ?
You give your coins to binance and they hold it for you and you trade your coins, so basically person A gives bitcoin to binance and Person B gives ethereum to binance and binance changes the numbers and now Person A has ethereum and Person B has bitcoin but in reality all those coins are at binance not at the traders. Decentralized is trying to work on getting rid of that hopefully.
Okay, Ether Delta is less scary than centralized exchanges because you can get back your coins whenever you want. And surely your coins are yours, there are no one to trust. On Ether Delta you are trusting to the code I mean Smart Contract. But here, the problem is orders can manipulated. Your order may remove by the owner of Ether Delta. Okay this is not a huge problem. But it means, orders can manipulated and Ether Delta is not an decentralized exchange.
I do not think it is really focusing on the "decentralized" part because of the data collected and how it works to be honest with you.
The point of decentralized exchange is not the data that is stored and where it is stored but more about how there is no party that is holding your coins some place you do not want while you trade, binance for example is the biggest exchange and what do you do when you want to exchange your coins into other coins ?
You give your coins to binance and they hold it for you and you trade your coins, so basically person A gives bitcoin to binance and Person B gives ethereum to binance and binance changes the numbers and now Person A has ethereum and Person B has bitcoin but in reality all those coins are at binance not at the traders. Decentralized is trying to work on getting rid of that hopefully.
The point of decentralized exchange is not the data that is stored and where it is stored but more about how there is no party that is holding your coins some place you do not want while you trade, binance for example is the biggest exchange and what do you do when you want to exchange your coins into other coins ?
You give your coins to binance and they hold it for you and you trade your coins, so basically person A gives bitcoin to binance and Person B gives ethereum to binance and binance changes the numbers and now Person A has ethereum and Person B has bitcoin but in reality all those coins are at binance not at the traders. Decentralized is trying to work on getting rid of that hopefully.
I was make a research about decentralize exchanges and my idea was the orders are gathering on main net, because of this reason orders bring with costs. I saw that one of the most known decentralize exchange EtherDelta is gathering orders on private server to remove order costs. It means orders are manipulable by the owner of Ether Delta. So, I can not explain Ether Delta as a decentralize exchange. This is a delusion.
Ether Delta is not a decentralize exchange. Do you agree?
Is there any exchange really decentralize without order cost?
Ether Delta is not a decentralize exchange. Do you agree?
Is there any exchange really decentralize without order cost?
But of-course most of this Decentralized exchanges run on a smart-contract which has been created by someone so the have ability to control anything. In my opinion it's totally impossible to have an exchange that is completely decentralized away that the buyer and a seller deal together without any central authority.
So you either accept the semi decentralized exchanges or you go with fully centralized ones
You can check this list for decentralized exchanges.
@OmegaStarScream please check on your link, it's not working... there was a slight errorit should be like this:
Code:
[b][url=https://coinsutra.com/best-decentralized-exchanges-dex/]this list [/url][/b]
I would not regard anything with centralised hosting and a regular domain name as decentralised. Both can be hacked, seized or spoofed. That's already happened with Etherdelta. That's a big fat attack vector for anyone especially as volumes increase.
That's what I'd be most concerned about.
We'll only get true ones when they happen on blockchains themselves inside wallets. Being unseizable and immutable is kind of what blockchains are handy for. That should extend into trading.
That's what I'd be most concerned about.
We'll only get true ones when they happen on blockchains themselves inside wallets. Being unseizable and immutable is kind of what blockchains are handy for. That should extend into trading.
I'm honestly not sure what you're referring to by saying that they gather orders on private servers but anyhow, do you have a proof of your claims? They still give you full control over your funds, and I think with all the hacks that are going on in the crypto scene, that was counts the most. You can check this list for decentralized exchanges.
I was make a research about decentralize exchanges and my idea was the orders are gathering on main net, because of this reason orders bring with costs. I saw that one of the most known decentralize exchange EtherDelta is gathering orders on private server to remove order costs. It means orders are manipulable by the owner of Ether Delta. So, I can not explain Ether Delta as a decentralize exchange. This is a delusion.
Ether Delta is not a decentralize exchange. Do you agree?
Is there any exchange really decentralize without order cost?
Ether Delta is not a decentralize exchange. Do you agree?
Is there any exchange really decentralize without order cost?
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