Guest Post by @Reclusiarh on
http://xtrabytes.today/cryptocurrency/trading/are-decentralized-exchanges-the-hero-we-need-right-now-guest-post/Here is an excerpt:
With continuing complaints about the many exchanges operating today, and new concerns about insider trading on Coinbase, many depositors yearn for a trustworthy alternative. Although concerns about such exchanges have been apparent in the crypto sphere since the historic Mt.Gox hack, the publics patience with them appears to be at an end.
For many investors, the classic exchange model simply isnt working for them anymore. They are told to relinquish ownership of their currency by sending it to a centralized exchange, an inviting target for hacking and phishing sites via fake Google ads pages. Then they come to realize that their funds are often at the mercy of exchange operators if they decide to make a withdrawal. And during periods of high traffic, they experience incredibly long delays in making such withdrawals.
X-CHANGE will be the XTRABYTES decentralized cryptocurrency exchange. Built directly into the wallet, X-CHANGE will allow users to have a trusted, decentralized, and totally secure p2p exchange at their fingertips. To provide proof-of-concept the first tradable pairing within X-CHANGE will be XBY/XFUEL.
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The DEX industry is going to be huge, and XBY is aiming to get a piece of that market.