Topic: (Yes or NO) The 2020s belong to DEXs - page 10. (Read 5564 times)
Yes I believe that in future many will embrace dex over centralized exchanges, right now the problem is many haven't really understand the usefulness of dex that's why Centralized exchanges took over with better volume and liquidity but things will change in future
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Even though some DEX exchanges have a private key import function, they already have the best reputation, such as IDEX MARKET.
Yes. Although I don't believe 100% that they don't back up a private key, in reality our coins are safe in DEX exchange.
Apart from that, the current DEX exchange does not only rely on importing private keys, but can be accessed through extensions metamask or hardware wallets.
Thoughts?
I think that decentralized exchanges will lead in the future but it's too early to say that 2020 belongs to them.
Certainly not for 2021 as well. But time will come when we all need the privacy to escape the IRS because the centralize exchanges had hand out our data to them. I'm still one of the people who kept my anonymity from the exchanges though I have submitted to a number of them. I only use them when there is really the need to, I still trading on dex since bitshares had started.
Right now there are dex that has a ton of volume already particularly the https://newdex.io/
I think that decentralized exchanges will lead in the future but it's too early to say that 2020 belongs to them.
Certainly not for 2021 as well. But time will come when we all need the privacy to escape the IRS because the centralize exchanges had hand out our data to them. I'm still one of the people who kept my anonymity from the exchanges though I have submitted to a number of them. I only use them when there is really the need to, I still trading on dex since bitshares had started.
Right now there are dex that has a ton of volume already particularly the https://newdex.io/
Instant one-click BTC/LTC swaps on Lightning Network!
https://www.youtube.com/watch?v=wSNFhFBKmsc
Fast and seamless. This is a big step forward for DEXs!
https://www.youtube.com/watch?v=wSNFhFBKmsc
Fast and seamless. This is a big step forward for DEXs!
I think NO because to be honest there not much development going on related to decentralized exchanges and at the same time there is no real adoption i mean there is not a lot of users that either like or use Dexes regularly so i think centralized exchanges will dominate for few more years before dexes come up with a revolutionary compliance with excellent userface and multiple options with smooth transactions.
Binance is leading the adoption adn they are releasing cards this time, its making this market more centralized even with all the claims being decentralized. The only left for DEX to be part of the option for the people to go to when their coins are not listed on big exchanges. DEX can help coins still be listed in the market though, at least the coins are not going to die. Instantly.
Binance is leading the adoption and they are releasing cards this time, its making this market more centralized even with all the claims being decentralized.
There are some features maybe that it looks decentralized but in general sense its still called a centralized exchange. It's the reason why Binance DEX was not a success because it's not what people are expecting, with influence that their centralized exchange are having a volumes of billions per day, their DEX can easily get at least $1 million trading volume but it's not happening because people does not like it.
The only left for DEX to be part of the option for the people to go to when their coins are not listed on big exchanges. DEX can help coins still be listed in the market though, at least the coins are not going to die. Instantly.
That's it, unfortunately, we don't want to see that as we want DEX to grow. Binance is leading the adoption adn they are releasing cards this time, its making this market more centralized even with all the claims being decentralized. The only left for DEX to be part of the option for the people to go to when their coins are not listed on big exchanges. DEX can help coins still be listed in the market though, at least the coins are not going to die. Instantly.
It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.
Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.
Maybe I will be wrong here, but I think DEXs could overtake CEXs by the mid-2020s so long as the fast-paced development speed keeps up.
Entire decade or entire year?
I am confident that you will be wrong, sorry, I just can't see DEX will grow under this current situation, and the market is still bearish until now .
This covid pandemic might help the crypto market but those coins only with high liquidity and speaking of high liquidity, it only happen in centralized exchange.
It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.
Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.
Maybe I will be wrong here, but I think DEXs could overtake CEXs by the mid-2020s so long as the fast-paced development speed keeps up.
Entire decade or entire year?
I am confident that you will be wrong, sorry, I just can't see DEX will grow under this current situation, and the market is still bearish until now .
This covid pandemic might help the crypto market but those coins only with high liquidity and speaking of high liquidity, it only happen in centralized exchange.
Decentralized exchanges surely have a good use case to present to the crypto community but one thing that i have realized among them is the slow performance on most of them. Investors and traders would still prefer to use Centralized exchanges if they can trade without any hitches on some of these decentralized exchanges. Ethershift is one of the upcoming exchanges which i think has a great future in the coming years.
ethershift ? that sounds good and is this related to eth ? so means its a decentralized type of exchange . there are many good decentralized exchanges that constantly appearing and becoming succesful too but centralized exchanges are more powerful and being prefered by many people . and what do you mean by slow ? laggy ? or you mean slow on trade transaction . i never experienced any delays before upon using a decentralized exchange but i admit that etherdelta is verry laggy , thats why i use forkdelta as an alternative as its lighter and faster .
Decentralized exchanges surely have a good use case to present to the crypto community but one thing that i have realized among them is the slow performance on most of them. Investors and traders would still prefer to use Centralized exchanges if they can trade without any hitches on some of these decentralized exchanges. Ethershift is one of the upcoming exchanges which i think has a great future in the coming years.
It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.
Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.
Maybe I will be wrong here, but I think DEXs could overtake CEXs by the mid-2020s so long as the fast-paced development speed keeps up.
Vitalik agrees
It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.
Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.
Maybe I will be wrong here, but I think DEXs could overtake CEXs by the mid-2020s so long as the fast-paced development speed keeps up.
It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
Exactly, because DEX does not belong to this year, people would be trading more on centralized than in DEX since most of the coins created now are coming from IEO and they'll right away traded in a centralized exchange, and of course the biggest volume are coming from the old coins that are already listed in big exchanges.
Last bull run, there was a demand on DEX, probably we need another bull run to see that demand again.
It has now been about 6 months since this thread started. No major DEX just yet, though the decade is young.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
2019 was a great year for DEX development progress across the board. I think we'll start to see the results of that hard work by the end of the year.
If Bitcoin goes lower.. How long could centralized exchanges stay open?
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