Hi everyone
As you may know some exchanges ban some people because of their country or their states or some legal circumstances
Now some coins explain decentralized exchanges that claim they are completely decentralize and no limit in legal or state condition
completely no need for verification and no ban everyone.
one of the biggest one and more important of them is Waves, that claims they have a decentralized exchange with the fastest transactions until now.
1)what do you know about decentralized exchanges?
2)do you think they can replace of traditional exchanges?
3)how do you see the future of decentralized exchanges?
Decentralization is a system in which overall decision-making is left to the users of the system and the absence of any individual who can impose his will on other individuals without the consent of the majority of system users.
When the Bitcoin protocol is decentralized, third party services such as Bitcoin exchange, Bitcoin wallet software, or other software that ultimately enable people to manage bitcoins and run centrally or decentralized.
this technology is a very good innovation, I think this technology will not be able to replace traditional exchanges but can only accompany it.
and I think seeing a good potential now, will be a supporting factor that this technology is more advanced and favored by many people.