Topic: Will We Ever Get Any TRULY Decentralized Exchanges??? (Read 118 times)
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First, Ripple has been around for a much longer time than Ethereum.
Ethereum went much later than Ripple.
Regarding your point, there are several decentralized exchanges besides the ones based on Ethereum. For example, Waves decentralized exchange is very good. In general, it's not difficult to set up a crypto-decentralized exchange. What's looks more difficult is to set up a decentralized exchange for both fiat and crypto...
Ethereum went much later than Ripple.
Regarding your point, there are several decentralized exchanges besides the ones based on Ethereum. For example, Waves decentralized exchange is very good. In general, it's not difficult to set up a crypto-decentralized exchange. What's looks more difficult is to set up a decentralized exchange for both fiat and crypto...
I've seen quite a few examples of "decentralized" exchanges but hardly any of them really qualify to be called decentralized in my mind. Maybe Bisq is the closest I've seen. Nearly all these supposedly decentralized exchanges, while very good at what they do, are based on Ethereum ERC20 tokens and smart contracts. So calling them decentralized is not accurate. They are very much centralized because if anything happens to Ethereum they fall. Ethereum is a company, so the platform can have pressure put on it from both internal and external forces including regulators and other government officials in the back pocket of the big banks. To be a truly decentralized exchange an exchange needs to be opensource, peer-to-peer and not be dependent on any other crypto that is not also opensource and peer-to-peer. The developers of the decentralized exchange should also preferably be anonymous and let their code speak for them.
I remember in the days before Ripple was introduced, Ethereum was seen as the big bad wolf in sheep's clothing that came to cryptocurrency to undermine it's decentralized nature. And it seems like Ethereum has been largely successful in doing this. I'm personally invested in Ethereum and some ERC20 altcoins but I don't trust a supposedly decentralized exchange based on Ethereum much more than an online exchange. Shutting down Ethereum would not be so much more difficult than shutting down an exchange, except maybe for the fact that Bill Gates and other big names are involved. Still, so many cryptos and platforms are dependent on Ethereum that it is a major single-point-of-failure for the entire industry.
Who has a good non-Ether based DEX?
I remember in the days before Ripple was introduced, Ethereum was seen as the big bad wolf in sheep's clothing that came to cryptocurrency to undermine it's decentralized nature. And it seems like Ethereum has been largely successful in doing this. I'm personally invested in Ethereum and some ERC20 altcoins but I don't trust a supposedly decentralized exchange based on Ethereum much more than an online exchange. Shutting down Ethereum would not be so much more difficult than shutting down an exchange, except maybe for the fact that Bill Gates and other big names are involved. Still, so many cryptos and platforms are dependent on Ethereum that it is a major single-point-of-failure for the entire industry.
Who has a good non-Ether based DEX?
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