Post
Topic
Board Bitcoin Discussion
Re: will decentralised exchanges be the future ?
by
LeewayHertz
on 03/10/2018, 09:00:10 UTC
Have been searching for decentralised exchanges to trade on for security reasons after watching Andreas M. Antonopoulos - https://www.youtube.com/watch?v=hi_jaw0dT9M .
So far the Bitshares DEX has been the most liquid and what seems as truly p2p but other Ethereum based dexs are potentially good also. Will DEXs really be the future ? Or will centralised exchanges slowly become decentralised.  

Cryptocurrencies and blockchain-based technologies are blooming. Transaction volume has reached $20B per day, market capitalizations are through the roof, and user adoption has reached a truly global scale.

Paradoxically, more than 99% of all cryptocurrency transactions pass through absolutely centralized exchanges on platforms such as Coinbase, GDAX, Binance, and Bittrex. That’s right, decentralized assets are being stored and traded on centralized platforms which operate as escrows for their clients and do not record transactions on the blockchain. This has led to massive breaches of security and the unsafe handling of funds, private keys, and personal data. In 2018 alone, more than ~$730M in cryptocurrency has been stolen by hackers.

The blockchain community understands this problem, and several entrepreneurs are taking it upon themselves to create what they believe will be the future of trading: Decentralized Exchanges.

We always focused on the future so LeewayHertz is developing Decentralised Apps for Startup and Enterprises. For more Visit LeewayHertz