More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be?
https://www.youtube.com/watch?v=d-xA7p9NbdII think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
decentralized exchanges are a good idea as it is considered as more better by the crypto community but as there is not much trade volume on these exchanges so people are doing their trade much on these centralized exchanges.
Whenever if the crowd on these decentralized exchanges increased and the volume of the trades on these exchanges reached to a favorable value then people will rush to that exchanges and will like to trade there.
Yes all the issue from there is because of the low volume of trade. When the trade volume on these exchanges will increase then no one will have any problem to do trade on these decentralized exchanges but they will like more these exchanges.
Many people are saying about different problems from these decentralized exchanges but in actual there is no any issue on these exchanges but only a crowd is required if the crowd will come then no one will claim for any issue.
it is not all the issues. the low volume is certainly one of the biggest ones but there are other issues that is preventing people from using decentralized exchanges. one of the biggest one in my opinion is the fact that they are not as user friendly as the centralized exchanges, they are not as fast and easy to use and not all coins can be found on these platforms sometimes.
we still have a lot of improvements to make before we can start using them for good.