Topic: will decentralised exchanges be the future ? - page 3. (Read 1941 times)
Cryptos are decentralized and decentralized exchange is futuristic. Transactions take place directly between users through an automated process. I only conclude that this decentralized exchange will have a future, but in better and more positive terms, the exchange can happen well and cost is cheap and safe, many will be there to Keep up the conversation. It is not popular. The p2p exchange rules always appear in the cryptographic market.
Decentralized Exchanges and the protocols that they are built upon have seen huge strides being made in the last couple of years. A lot of issues that a general purpose blockchain use-case faces like scalability, slow-adoption, volatility and whatnot are gradually fading away.
Most of these problems stem from the fact that a large number of claiming-to-be “Decentralized” exchanges were either hidden behind centralized back-end systems
Most of these problems stem from the fact that a large number of claiming-to-be “Decentralized” exchanges were either hidden behind centralized back-end systems
Decentralized exchanges appear more and more every day. They appear for the reason that people have a need to trade crypto. But this doesn't mean that centralized exchanges will become decentralized. No one wants to lose control of them. Decentralization is the absence of control.
Have been searching for decentralised exchanges to trade on for security reasons after watching Andreas M. Antonopoulos - https://www.youtube.com/watch?v=hi_jaw0dT9M .
So far the Bitshares DEX has been the most liquid and what seems as truly p2p but other Ethereum based dexs are potentially good also. Will DEXs really be the future ? Or will centralised exchanges slowly become decentralised.
So far the Bitshares DEX has been the most liquid and what seems as truly p2p but other Ethereum based dexs are potentially good also. Will DEXs really be the future ? Or will centralised exchanges slowly become decentralised.
Cryptocurrencies and blockchain-based technologies are blooming. Transaction volume has reached $20B per day, market capitalizations are through the roof, and user adoption has reached a truly global scale.
Paradoxically, more than 99% of all cryptocurrency transactions pass through absolutely centralized exchanges on platforms such as Coinbase, GDAX, Binance, and Bittrex. That’s right, decentralized assets are being stored and traded on centralized platforms which operate as escrows for their clients and do not record transactions on the blockchain. This has led to massive breaches of security and the unsafe handling of funds, private keys, and personal data. In 2018 alone, more than ~$730M in cryptocurrency has been stolen by hackers.
The blockchain community understands this problem, and several entrepreneurs are taking it upon themselves to create what they believe will be the future of trading: Decentralized Exchanges.
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I just started using Sparkdex but it has low liquidity ;(
Decentralized exchanges is the future of crypto exchange. Many people still afraid using decentralized exchange but i am believe that exchange will increasing their security. From what i know, decentralized exchange right now increase their transaction value and many crypto people start to trade with decentralized exchange
Binance centralized exchange already working towards getting decentralized. If Dex do not require kyc to trade then they are indeed the future.
Decentralized Exchanges and the protocols that they are built upon have seen huge strides being made in the last couple of years. A lot of issues that a general purpose blockchain use-case faces like scalability, slow-adoption, volatility and whatnot are gradually fading away.
Most of these problems stem from the fact that a large number of claiming-to-be “Decentralized” exchanges were either hidden behind centralized back-end systems
Most of these problems stem from the fact that a large number of claiming-to-be “Decentralized” exchanges were either hidden behind centralized back-end systems
This is true, every transaction will be decided directly between the buyer and the seller, just the middleman! That will be the future of safe and transparent transactions!
the decentralized exchange will be most useful in the coming periods. it's part of cryptocurrency so we have no idea what that's about. if the cryptocurrency continues, these exchanges also continue. like IDEX, HOTBIT, FROKDELTA AND OTHER.
I think they will not survive in the near future because the problem of cryptocurrencies' regulation is becoming more and more serious so centralized exchanges can be in favor
That's the whole point of DEX. When government tries to manipulate and control the centralized exchanges through regulation and the threat of force the decentralized exchanges will provide the solution to the people.Which one will you use?
The exchange that requires KYC and reports your trades to your local mob (government)
Or
The exchange that allows you to trade anonymously and without fear of confiscation or censorship?
The centralized exchanges are the ones doomed to fail, not the other way around.
The DEX is definately the way crypto needs to go to beat government interference and to further dis-empower their control matrix.
There are many excellent DEX's coming online. The one I am looking at to take the reigns is from bitfinex, but others not to be overlooked (still in early stages) are Infinidex and Moondex. Bitshares is a great base, but with the launch of eos, I think we will start to see more decentralised dapps being built on the network like DEX which will make bitshres look very slow and congested.
Required KYC and AML regulations are criminal invasions of my financial privacy.
What I choose to spend my money on is no ones business, most of all the banks and governments.
There are many excellent DEX's coming online. The one I am looking at to take the reigns is from bitfinex, but others not to be overlooked (still in early stages) are Infinidex and Moondex. Bitshares is a great base, but with the launch of eos, I think we will start to see more decentralised dapps being built on the network like DEX which will make bitshres look very slow and congested.
Required KYC and AML regulations are criminal invasions of my financial privacy.
What I choose to spend my money on is no ones business, most of all the banks and governments.
Decentralized exchangers will develop, because they will need to be due to the massive regulation of the crypto currency from the state authorities and the need to pay taxes that many citizens will consider too large. Such decentralized exchangers may well appear in offshore zones or in countries that are friendly to the crypto currency. Since the crypto currency is relatively anonymous, many for various reasons will not want to be identified in centralized exchangers, so that their data will not be used in the future. Therefore, decentralized exchangers will exist and develop.
It will be great to see this happen. The centralized exchanges are danger to the existence of Cryptocurrency. They can be hacked, shut down and the coins can be stolen/seized by criminal or governments. Centralized exchanges are totally against what true cryptocurreny represents. They have no option than to decentralized
Hopefully they account for majority of the trades in the future.
i agree with you, if it make to be decentralized, so, there are big manipulation inside and many parties will be harmed Hopefully they account for majority of the trades in the future.
Yes decentralized exchanges have better future because it have extra security thus hackers don't hack your assets. Like binance, Bittrex..
The p2p exchange principle is always featured in the crypto market. However, exchanges take place only when there is scope for expansion.
It has no Decentralized exchange potential ever opened to the transaction. It is not preferred by people. EtherDelta and the like are used because of necessity.
All centralized exchanges bringing kyc thing, and that doesn't really suit with cryptos. Cryptos are decentralized and decentralized exchanges are future.
agree but depends on who is using them. aml.kyc for centralised exchanges were brought along for a number of reasons. firstly to satisfy the regulators in that region (usually the US), secondly for traders to feel comfortable with a process as aml.kyc is associate with legitimacy and thirdly for institutional funding in an attempt to make it less wild west like the good old days.
I just conclude that this decentralized exchange will have a future, but in better and positive content, exchanges can occur well and costs are cheap and safe so many will be present to continue monitoring this exchange.
A decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.
All centralized exchanges bringing kyc thing, and that doesn't really suit with cryptos. Cryptos are decentralized and decentralized exchanges are future.
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