Topic: What's your opinion on the future of Decentralised exchanges - page 3. (Read 1435 times)

Yes both CEX and DEX do have their own advantage and disadvantage but I think both are important in crypto market and It will US users who will suffer incase one of them didn't exist. It always better to have choices. I personally use both, CEX for it's features that don't exist on DEX and the ease of use of it. It is also much easier to introduce a newbie in a friendly environment that a CEX have and bring them toward DEX when they have the necessary knowledge of how crypto works. Sooner or later, I hope that we can see DEX that will offer features CEX. When that time comes, I will probably go on an all in use of DEX.

But not would equal to those CEX when it comes to popularity considering that DEX is really that recommended if we do speak about security of our funds but we know that there are CEX features which cant be outmatched by a DEX and this is why its not shocking nor surprising  on why it is really getting more support by the community. The liquidity and volume is the proof that majority of us do really loves to hang out
with these centralized platforms.Yes, we do know the risks but we do let it aside considering on the perks and the usefulness on dealing up with these platforms.
It is really just that we do need to bare up on what dangers it do poses later on.

Do you think people will prefer to use CEXs in the future?
We know there are many bad issues with CEXs now. After FTX crashed severely, many people doubt to use CEXs, right? Although they don't leave it totally, CEXs reputation is decreasing. Don't you think it is a sign that people will trust on DEXs in the future? 

However, if we consider about the features of CEXs and DEXs, it seems CEXs is still more comfortable. The volume of crypto coins is also higher on CEXs. That's the main reason why people still choose CEXs nowadays.

Decentralized exchanges have been gaining popularity due to their transparency, security, and lack of central authority. While Binance is still a popular choice for many, the shift towards decentralized exchanges such as Uniswap and PancakeSwap may continue as users seek a more secure and reliable option.

  -   For several years there have been DEXs in this industry, if you ask me which is better to use DEX, the only problem is that I have not seen a DEX that has p2p features like other centralized exchanges. Please correct me if I'm saying this wrong, maybe because later I just didn't know or notice.

But for now, the DEXs okay in my opinion are quickswap, Pancakeswap, and others I won't mention here.

The decentralized exchange itself is not perfect, of course I am referring to the current price range. First of all, digital currency is not a mainstream currency and cannot be used everywhere in daily life, so the functionality of decentralized exchanges is relatively simple. In addition, most holders of digital currency are for investment purposes, and they need to convert investment income into US dollars or other legal currencies to use. Although decentralization is the future trend, many centralized exchanges in Baolun are also actively promoting the decentralization of their own exchanges.

It's difficult to predict with certainty how the market will react to recent events surrounding FTX Secrets and whether it will impact the popularity of centralized exchanges (CEX) versus decentralized exchanges (DEX). However, it's worth noting that DEXs have been steadily gaining attention and usage over the past few years due to their benefits such as greater security, transparency, and user control over their funds.

The emergence of hybrid exchanges, which combine the best of both CEX and DEX, could be a promising development in the industry. These exchanges aim to provide the security and control of DEXs, while also offering the speed and liquidity of CEXs. This could potentially appeal to traders who are hesitant to fully trust either type of exchange on its own. One of example of this kind of hybrid exchange is a new project called BIOKRIPT which is the first hybrid syariah-compliant crypto trading platform in the world.

In terms of specific DEXs, Uniswap and PancakeSwap are currently two of the most popular ones, and they may continue to gain traction as more people become familiar with their features and benefits. However, it's important to keep in mind that the crypto market can be unpredictable and subject to rapid changes, so it's important for traders to do their own research and carefully consider the risks before making any investment decisions.

I think, that decentralized exchanges definitely have a bright future and are here to stay. I also think though that centralized exchanges also still have their right to exist and that there will always be centralized exchanges out there and that is not a bad thing. Of course a CEX has the big disadvantage, that a user is not in control of his funds anymore as soon as his money is sent to the CEX wallet, because he is not having the private key to that wallet obviously. So there is a fair bit of trust needed to let your funds on a centralized exchange because there have been hacks and also scams in the past that led to big losses of funds that were stored on a CEX.

That type of "decentralized that is centralized is beyond bonkers if you ask me, that is the whole trouble with it and I think that is going to end up with some issues as well.

There will be plenty of people who will think that it's actually decentralized and not realized that there are devs at the top, they could literally just close the website, simply not paying domain would do, and suddenly it's all gone, sure you could extract it directly from the chain with emergency withdrawal, but imagine how much chaos that would be to begin with. Hence, I believe that we should be careful about which place we put our money in before we make any decisions.

If the DEX complies with regulators' demands/needs, then it wouldn't be a DEX anymore. That's because the so-called DEX would need a middleman that would verify the ID of customers (KYC/AML). The whole purpose of crypto/Blockchain tech is eliminating the middleman, so I fail to see how DEXs will challenge CEXs in the long run if they become exactly the same thing. Privacy/freedom/decentralization cannot go hand-in-hand with regulations/VCs interests.

The industry is in need of decentralized alternatives to help fight governments' attempts to "destroy" crypto. Ultimately, the community will decide the path forward for "the revolution". As long as decentralization wins, there should be nothing to worry about. Just my opinion

I truly wish that your prediction would be right on this. Maybe if value will be as hard to control as torrents they will need a whole another approach. However at the moment it seems that regulators are "winning". i have already se my mind on accepting regulations and i am interested how complying with regulators and using permissionless, private transactions will go together. Or if they ever can even live side to side.

DEXs may have their own set of issues, but they're still a better choice than CEXs. There's no one in control of your hard-earned crypto except you. Developers are working hard day and night to improve DEXs, so it should only be a matter of time before they become a "force to reckon with". I've used Block DX in the past, and the experience was great. I think it's the best DEX available right now.

With increasing regulations from mainstream governments, people will flock to DEXs for complete freedom and financial sovereignity. I see a future where DEXs and atomic swaps will become as comparable as a CEX in terms of user experience and performance. This is just getting started, so I'd suggest you go all in before it's too late.

When you know the importance of decentralized exchanges, especially those that we often used in the past, we always wanted to have something like that right now and especially in the future. Most of the centralized exchanges that we have today is requiring us some Identification to make some transactions and back then, we don't have this kind of thing because they only required it for the one who will make huge money transactions today centralized exchanges have been updated and no matter how much you transact, you always need to pass their KYC.

Decentralized exchanges can never be like centralized exchanges, they don't share the same properties, centralized exchanges are custodial which means everything is under their care while decentralized exchange gives you the protocol level to operate on while you have the control of it since you handl the private key to your wallet. When decentralized exchange start having features of centralised exchange, then it is no longer decentralized any more, there should never be a middle person in decentralised exchange. It wouldn't be bad if DEX can streghen their security features for maximum efficiency.

I think that in the future decentralized exchanges will still have a place in the crypto world.  Even though FTX is a fatal flaw in decentralized exchanges but I think it will not immediately make decentralized exchanges experience a decrease in users.  I am sure that in a few years the decentralized exchange will still be used and I myself am happy with this decentralized exchange.  I'm still confident about binance's performance and I'm currently looking at crypto.com and I think it's going to be a big player in the cryptocurrency space in the future.

I don't see any nominal growth in the volume of Dex and the problem with DEX is its not user friendly along with not appropriate for fiat trades so its still not under the alternative list of centralized exchange but I hope in future the things may change and more people will look into the DEX.
Also the exchange has to upgrade atleast better UI so the users will feel the ease of usage.

I think not all decentralized exchanges are perfect. While most DEX are still less intuitive than some other centralized exchange platforms, Decentralized exchanges are generally fully permissionless meaning anyone can use them and allow users to maintain full control over their assets at all times.

Couldn't agree more with you, mate. The vast majority of DEXs are not as decentralized as they claim to be. One way or another, they depend on centralized infrastructure for greater accessibility among its users. Many of the DEXs we know and love today are hosted on centralized servers, while they point to domains controlled by the ICANN. We can't achieve full decentralization this way, when there's a single point of failure.

When developers start building DEXs independent from centralized infrastructure (not using centralized TLDs, hosting the front-end interface on IPFS, etc), crypto will be able achieve its full potential. I've tested every DEX out there and it seems to me the only truly decentralized ones are: Bisq, Block DX, and atomicDEX (using cross-chain atomic swaps tech). The rest are simply hybrid exchanges which make use of both centralized and decentralized technologies. Centralized exchanges are still relevant these days, so don't expect DEXs to replace them anytime soon. At least, people have a choice. As long as decentralization is preserved, nothing else matters. Just my thoughts

Truth be told there is no fully decentralized exchange currently in existence, this is just a fallacy and myth and dexes are partially centralized in my opinion.

Decentralization is just a goal for ecosystems like Eth, EOS ( the supposed Eth ki*ler )and cardano. They all yearn for it but in truth, our finance is safer in our Cexes than they are in the Dex, and so we keep running back each time we try to go fully decentralization.

Look at ETH they still haven't figured out the #EVM machine yet greatly affecting solidity developers all over the world, we are not yet ready for full decentralization.

I think that is not really as decentralized as people expect it to be. The dex that we know came out around in late 2020, early 2021 and that is something people have been using for a while now. I am not saying that it will be the only way, there will be other methods but this is definitely something that we will see for a long time.

As it is right now, I believe that we are going to end up with a greater return for the DEX investments and we should be investing into the tokens of them and it will definitely make a profit. This is of course important if we are talking about a good one, there are many terrible ones where dev only wants money and nothing else.